Senior Liens

Senior Liens. Means, the Liens securing indebtedness of Company, to banks, commercial finance lenders, insurance companies, leasing or equipment financing institutions or other lending institutions regularly engaged in the business of lending money (excluding venture capital, investment banking or similar institutions which sometimes engage in lending activities but which are primarily engaged in investments in equity securities), under an accounts receivable line of credit or a purchase order... financing line of credit; provided that the aggregate principal amount of the indebtedness secured by Senior Liens shall not exceed $20,000,000. View More

Senior Liens. Means all liens, collateral assignments, mortgages and security interests previously or hereafter granted by any Loan Party or any other Person to Agent or the Lenders, for the benefit of Agent and/or the Lenders, and their respective successors, assigns and participants, securing in whole or in part any of the Senior Indebtedness.

Senior Liens. Means all liens, mortgages, security interests and/or other encumbrances of any nature or type, now or hereafter securing, in whole or in part, any of the Senior Debt.

Senior Liens. Means the Liens in and to the Collateral granted pursuant to the Senior Loan Documents to secure the Senior Loan Obligations.

Senior Liens. All liens, security interests, pledges and other encumbrances of any kind, in, to or in respect of any assets or properties of the Company, held from time to time by the holder or holders of Senior Debt as collateral security for the payment and/or performance of Senior Debt, including but not limited to those liens, security interests and other encumbrances created and/or evidenced by the Senior Security Documents.

Senior Liens. Shall mean all liens and security interest now or hereafter held by the holder(s) of Senior Debt in or upon any and all now-owned or hereafter acquired assets or properties of the Parent and/or any of its subsidiaries ("Collateral").

Senior Liens. Means those liens and security interests in any or all of the Collateral in favor of BMT or KeyBank now or hereafter securing Senior Obligations.

Senior Liens. Any and all Liens at any time held by Senior Creditor in any property of Borrower that secures the Senior Debt