Junior Adequate Protection Liens

Example Definitions of "Junior Adequate Protection Liens"
Junior Adequate Protection Liens. Liens granted by the Bankruptcy Court to secure adequate protection obligations, if any, permitted to be paid to the credit providers that are parties to the synthetic lease financing with Bank of Montreal and BMO Global Solutions, Inc. in accordance with the terms hereof (the "Junior Adequate Protection Liens"); provided that such Junior Adequate Protection Liens are (a) junior to the... senior liens contemplated hereby that are granted by the Interim Order and Final Order in favor of the Administrative Agent, for the benefit of itself and the Lenders and in favor of the Pre-Petition Agent for the benefit of itself and the Pre-Petition Lenders and (b) junior to the liens granted to the Pre-Petition Agent, for the benefit of itself and the Pre-Petition Lenders, pursuant to the Existing Credit Agreement and the documents executed in connection therewith, provided, further, that the order of the Bankruptcy Court authorizing and approving any such Junior Adequate Protection Liens shall provide that the holders thereof shall not be permitted to take any action to enforce their rights with respect to such Junior Adequate Protection Liens as long as any obligations secured by the liens senior to such Junior Adequate Protection Liens remain outstanding, and View More Arrow
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