Senior Security Interest definition

Senior Security Interest means the security interest in and lien on the Collateral granted by the Corporation to the Secured Party under the Senior Security Agreement (as defined in the Indenture).

Senior Security Interest means the first priority security interest in the Pledged Collateral created pursuant to the Pledge Agreement of even date herewith between GECC, as agent under the Credit Agreement (as defined below) for the benefit of the lenders party thereto, and the Pledgor (the "Senior Pledge Agreement").

Senior Security Interest means any security interest in or lien on the “Collateral” (as defined in the Senior Loan Agreement) in favor of Lender arising from the Senior Debt.

Examples of Senior Security Interest in a sentence

• Secured Party acknowledges and agrees that the amount of the Indebtedness may be increased or decreased by ADMIS and the terms thereof may be extended, amended or otherwise modified from time to time without notice to or consent of Secured Party and without affecting the relative priority of the Junior Security Interest and Senior Security Interest.

• Secured Party acknowledges and agrees that the amount of the Commodity Intermediary Indebtedness may be increased or decreased and the terms thereof may be extended, amended or otherwise modified from time to time without notice to or consent of Secured Party and without affecting the relative priority of the Junior Security Interest and Senior Security Interest.

• Debtor is now or may hereafter become indebted to Secured Party and has granted to Secured Party a security interest (“Junior Security Interest”) in the Account and Property junior and subordinated to the Senior Security Interest pursuant to other agreements and/or as set forth below.

• At closing, NATCOM shall assume with CMT any and all obligations owed by CMT to Xxxxxxxxxx Equity Partners, LLC and collateralize such obligations with a Senior Security Interest on all the assets of NATCOM.

• Each Guarantor covenants with Purchasers and Agent that such Guarantor shall not grant any security interest in or permit any lien, claim or encumbrance upon any of its assets in favor of any person or entity other than liens and security interests in favor of Purchasers and Agent and the Senior Security Interest and/or Permitted Indebtedness.

More Definitions of Senior Security Interest

Senior Security Interest means the security interest in the Collateral granted to the Senior Lender which is senior to the security interest granted to the Secured Parties hereunder. Except as otherwise provided herein or defined in the Notes, all other terms used in this Security Agreement shall have the meanings given under Chapter 9.1 of the Indiana Uniform Commercial Code, or in any other article if not defined in Chapter 9.1.

Senior Security Interest means any security interest in or Subordination Agreement – BioMed / Zosano Pharma -1-

Senior Security Interest in respect of any sums secured or owed to the First Creditor pursuant to the Assignment and Senior Security Interest in respect of any sums secured or owed to the Second Creditor pursuant to the Purchase Agreement PARI PASSU and PRO-RATA in proportion to each the First and Second Creditors' contribution to the Senior Security Interest Purchase Price;

Senior Security Interest has the meaning set forth in Section 2.01(a).

Senior Security Interest means any perfected and enforceable security interest which security interest is senior in priority to the Pre-Petition Liens and the Replacement Liens.

Senior Security Interest means any perfected and enforceable security interest which security interest is senior in priority to the Pre-Petition Liens and the Replacement Liens. The ATSB Lenders consent to the use by the Debtors of their cash collateral and other collateral through the Ninth Extended Period, subject to the terms and conditions of the Cash Collateral Order and this Stipulation. Notwithstanding the consensual use of cash collateral and other collateral as provided in this Stipulation, nothing herein shall be deemed to waive any rights or objections of the Official Committee of Unsecured Creditors to the findings, terms and conditions of the Cash Collateral Order. This Stipulation, if approved, shall be effective immediately upon entry. Except as expressly provided herein, the terms and conditions of the Cash Collateral Order shall remain in full force and effect during the Ninth Extended Period.

Senior Security Interest. The lien of Chase in the Collateral.