Examples of Senior Secured Lender in a sentence
Neither the BAI Agent, the BIPCO Agent, any Senior Secured Lender nor any of their respective directors, officers, employees or agents shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of any Loan Party, the Trustee or any other Person or to take any other action whatsoever with regard to the Collateral or any part thereof.
We will not sell, offer to sell, lease, or otherwise transfer or encumber the Property without your prior written permission, except for Inventory sold in the ordinary course of business at fair market value, or at a minimum price established between you and us and except for the lien in favor of the Senior Secured Lender and liens in favor of other secured creditors who have a security interest in the Property similar to yours.
When a UCC financing statement has been filed against the Grantor in the appropriate jurisdiction, the Subordinated Notes Agent will have a valid and continuing perfected security interest in the Collateral in which a security interest may be perfected by filing a financing statement under the UCC, prior to all other Liens on the Collateral except for the Lien of the Senior Secured Lender and any Liens on the Collateral having priority solely by operation of law.
The Grantor agrees that it will not create or permit to exist any Lien, security interest, option or other charge or encumbrance upon or with respect to any of the Collateral, except for the security interest under this Agreement, the Lien granted to the Senior Secured Lender and any Liens on the Collateral arising solely by operation of law.
We will defend the Property against any other claim other than the lien in favor of the Senior Secured Lender and other secured creditors who have a security interest in the Property similar to yours.