such changes as may be reasonably approved by the Controlling Representative, the Designated Second Priority Representative and the Representative under such Additional Second Priority Debt Facility, required to be delivered by such Representative to the Controlling Representative and the Designated Second Priority Representative pursuant to Section 10.07 hereof in order to include such Additional Second Priority Debt Facility hereunder and to become the Representative hereunder for the Second Priority Secured Parties under such Additional Second Priority Debt Facility.
“Lien” shall mean, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the UCC (or equivalent statutes) of any jurisdiction; provided that in no event shall an operating lease be deemed to constitute a Lien.
“Non-Controlling Permitted Actions” shall have the meaning assigned to such term in Section 3.01(a).
“Pari or Senior Series” shall have the meaning assigned to such term in Section 1.03.
“Person” shall mean any natural person, corporation, company, limited liability company, trust, joint venture, association, company, partnership, governmental authority or other entity.
“Pledged or Controlled Collateral” shall have the meaning assigned to such term in Section 5.05(a).
“Proceeds” shall mean the proceeds of any sale, collection or other liquidation of Shared Collateral, any payment or distribution of Shared Collateral or Proceeds of Shared Collateral in an Insolvency or Liquidation Proceeding and any amounts received by the Controlling Representative or any other Controlling Secured Party from any other Secured Party of Shared Collateral or Proceeds of Shared Collateral pursuant to this Agreement.
“Purchase Option” shall have the meaning assigned to such term in Section 3.01(e)(i).
“Purchase Price” shall have the meaning assigned to such term in Section 3.01(e)(ii).
“Purchase Right Trigger Event” shall have the meaning assigned to such term in Section 3.01(e)(i).
“Recovery” shall have the meaning assigned to such term in Section 7.05.
“Refinance” shall mean, in respect of any indebtedness, to refinance, extend, renew, defease, amend, increase, modify, supplement, restructure, refund, replace or repay, or to issue other indebtedness or enter alternative financing arrangements, in exchange or replacement for such indebtedness (in whole or in part), including by adding or replacing lenders, creditors, agents, borrowers and/or guarantors, and including in each case, but not limited to, after the
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