First Lien Collateral definition

First Lien Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any First Lien Obligations.

First Lien Collateral means any “Collateral” or “Pledged Collateral” or similar term as defined in any First Lien Loan Document or any other assets of the Company or any Guarantor with respect to which a Lien is granted or purported to be granted or required to be granted pursuant to a First Lien Loan Document as security for any First Lien Obligations and shall include any property or assets subject to replacement Liens or adequate protection Liens in favor of any First Lien Claimholder.

First Lien Collateral means the “Collateral”, as such term is defined in the First Lien Credit Agreement, and any other assets or properties of any of the Grantors now or at any time hereafter subject to, or required to be subject to, Liens securing any First Lien Secured Obligations or deemed to be so subject pursuant to Section 2.06.

Examples of First Lien Collateral in a sentence

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• Any recovery of Cash by the Liquidation Trust on account of such actions shall be (a) promptly and indefeasibly paid to the Government DIP Lenders on a Pro Rata basis to the extent that the recovery constitutes DIP Collateral or (b) indefeasibly paid to the First Lien Agent on behalf of the First Lien Lenders to the extent that the recovery constitutes First Lien Collateral.

• Until the payment in full of the DIP Obligations, any party other than the Security Agent that has or obtains a lien or security interest in the Collateral shall not exercise any rights or remedies with respect to the First Lien Collateral to the extent allowed by applicable law.

• As set forth in the Plan and the First Lien Winddown Order (and subject to the terms thereof), net proceeds of any First Lien Collateral will be transferred into the First Lien Reserve to the extent necessary to maintain the Minimum Amount (as defined in the First Lien Winddown Order) in the First Lien Reserve during the Covered Period.

• To the extent not otherwise provided in the Plan, the other terms of the First Lien Winddown Order shall continue to govern the treatment of the First Lien Collateral and the rights and obligations of the Liquidation Trust (as successor in interest to the Debtors) and the First Lien Agent, the Collateral Trustee and the First Lien Lenders.

More Definitions of First Lien Collateral

First Lien Collateral means all “Collateral”, as defined in the First Lien Security Agreement, and any other assets of Holdings, the Borrower or any Subsidiaries now or at any time hereafter subject to Liens securing any First Lien Obligations.

First Lien Collateral means the assets of the Debtor, whether real, personal or mixed, with respect to which a Lien is granted (or purported to be granted) as security for any First Lien Debt, including all proceeds and products thereof.

First Lien Collateral means, collectively, the Note Collateral and any Additional First Lien Collateral.

First Lien Collateral has the meaning specified in the Intercreditor Agreement.

First Lien Collateral means all assets of any Grantor now or at any time hereafter subject to Liens securing any First Lien Obligations.

First Lien Collateral means any “Collateral” as such term is defined in any Credit Agreement Document, any Initial Additional First-Lien Document (as defined in the First-Lien Intercreditor Agreement) or any other First-Lien Debt Document or any other assets of the Company or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a First-Lien Collateral Document as security for any First-Lien Obligation.

First Lien Collateral means Term Priority Collateral (as defined in the ABL Intercreditor Agreement).