Second Priority Secured Obligations definition

Second Priority Secured Obligations means, in each case, without duplication, (a) the Second Priority Secured Debt and any other Obligations in respect of the Second Priority Secured Debt to the extent provided in the relevant Second Priority Secured Debt Documents, (b) any and all sums due and owing to the Trustee, any Collateral Agent and any Second Priority Secured Debt Representative, and (c) in the event of any proceeding for the collection or enforcement of the obligations described in clauses (a) and (b) above after a Remedies Direction has been provided (including any Remedies Action), the expenses of retaking, holding, preparing for sale or lease, selling or otherwise disposing of or realizing on the Collateral, or of any exercise by any Collateral Agent of its rights under the Collateral Documents, together with any reasonable, documented, out-of-pocket attorneys’ fees and court costs.

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Second Priority Secured Obligations means, in each case, without duplication, (i) the Second Priority Secured Debt and all other obligations (as such term or any similar or analogous term is defined in such Second Priority Secured Debt Documents) in respect of Second Priority Secured Debt to the extent provided in the relevant Second Priority Secured Debt Documents, (ii) any and all sums due and owing to any Collateral Agent, any Second Priority Secured Debt Representative, and the Trustee, and (iii) in the event of any proceeding for the collection or enforcement of the obligations described in clauses (i) and (ii) above after a Remedies Direction has been provided (including any Remedies Action), the expenses of retaking, holding, preparing for sale or lease, selling or otherwise disposing of or realizing on the Shared Collateral, or of any exercise by any Collateral Agent of its rights under the Shared Collateral Documents, together with any reasonable, documented, out-of-pocket attorneys’ fees and court costs.

Second Priority Secured Obligations means (i) the obligations of the Borrower the Synthetic Lease Obligations and (ii) any renewals or extensions of the foregoing.

Examples of Second Priority Secured Obligations in a sentence

For purposes of determining the amount of Second Priority Secured Obligations relating to any obligation with respect to which a Pledgor is a guarantor (including by way of providing security), the total amount of such Second Priority Secured Obligations shall be calculated without duplication of the amount of such direct or primary obligation secured by the Pledged Collateral and the related guaranty obligations of the Pledgors secured by the Pledged Collateral.
Each Pledgor hereby pledges to Collateral Agent and grants to Collateral Agent, in each case for the ratable benefit of the Second Priority Secured Parties, a second priority security interest in all of such Pledgor’s right, title and interest in and to the Pledged Collateral to secure the Second Priority Secured Obligations (as defined in Section 2).
The Senior Secured Obligations and the Second Priority Secured Obligations collectively are referred to herein as the “Secured Obligations”.
Neither the Second Priority Collateral Agent nor any of the other Second Priority Secured Parties shall be liable for failure to collect or realize upon any of the Second Priority Secured Obligations or any collateral security or guaranty therefor, or any part thereof, or for any delay in so doing, nor shall the Second Priority Collateral Agent or any of the other Second Priority Secured Parties be under any obligation to take any action whatsoever with regard thereto.
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More Definitions of Second Priority Secured Obligations

Second Priority Secured Obligations means (i) all principal of and interest (including, without limitation, any interest which accrues after the commencement of any case, proceeding or other action relating to the bankruptcy, insolvency or reorganization of the Borrower, whether or not allowed or allowable as a claim in any such proceeding) on any Tranche A Loan, (ii) all other amounts payable by the Borrower hereunder or under the 1996 Loan Documents, to the extent properly allocable to the Tranche A Loans, and (iii) any renewals or extensions of any of the foregoing.

Second Priority Secured Obligations means, in each case, without duplication, (a) the Second Priority Secured Debt, (b) any and all sums due and owing to the TMF Brasil Administração e Gestão de Ativos Ltda., as Brazilian collateral agent, Oliveira Trust DTVM S.A. as a representative of the Second Priority Debentures, and the Trustee, and (c) in the event of any proceeding for the collection or enforcement of the obligations described in clauses (a) and (b) above, the expenses of retaking, holding, preparing for sale or lease, selling or otherwise disposing of or realizing on the applicable collateral, or of any exercise by any collateral agent of its rights under the applicable collateral documents, together with any reasonable, documented, out-of-pocket attorneys’ fees and court costs.

Second Priority Secured Obligations means all Obligations under, or with respect to, this Agreement.

Second Priority Secured Obligations means all Obligations.

Second Priority Secured Obligations means, collectively, the 2011 Second Priority Secured Obligations, the 2012 Second Priority Secured Obligations and the Second Priority Additional Debt Obligations.

Second Priority Secured Obligations shall have the meaning provided in Section 11(b) hereof.

Second Priority Secured Obligations means (a) the Second Lien Credit Agreement Obligations and (b) any Future Second Lien Secured Obligations.

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