First Priority Liens definition

First Priority Liens means all Liens that secure the First Priority Lien Obligations.

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First Priority Liens means all Liens on the First Lien Collateral securing the First Lien Obligations, whether created under the First Lien Security Documents or acquired by possession, statute (including any judgment lien), operation of law, subrogation or otherwise.

First Priority Liens means all Liens that secure First-Priority Obligations.

Examples of First Priority Liens in a sentence

The provisions of this Article 11 are intended solely to set forth the relative ranking, as Liens, of the Second-Priority Liens as against the First-Priority Liens.
The Second-Priority Liens upon any and all Collateral are, to the extent and in the manner provided in the Intercreditor Agreement, subordinate in ranking to any future First-Priority Liens as set forth in Article 11 of the Indenture and in the Intercreditor Agreement.
The Intercreditor Agreement defines the relative rights, as lienholders, of holders of Second-Priority Liens and holders of First-Priority Liens.
If First Lien Indebtedness is Incurred, the Intercreditor Agreement will provide that the Second-Priority Liens securing the Notes and the Note Guarantees will be released on any Collateral to the extent such Collateral is disposed of in connection with the enforcement of the First-Priority Liens, provided that the Liens securing the Notes and the Note Guarantees will remain on proceeds thereof.

First Priority Liens shall have the meaning assigned to such term in the Intercreditor Agreement.

First Priority Liens means the Liens securing the Note Obligations.

First Priority Liens means Liens securing the First Lien Obligations, which Liens are superior and prior in priority to the Liens securing the Junior Lien Obligations.

First Priority Liens means all Liens in favor of the collateral agents on Collateral securing the First Priority Obligations.

First Priority Liens means any Liens created by the Company or any of the Guarantors on the Collateral securing any First Lien Indebtedness.

First Priority Liens means all Liens that secure the First Priority Notes Obligations.