t, insolvency, moratorium or liquidation proceedings) and (b) cannot by its terms become subordinate in right of payment to any other obligation of the Obligor of the Loan. "Senior Secured Notes": Notes bearing interest at a floating rate that are secured by a pledge of collateral and have a senior pre-petition priori

nt, insolvency, moratorium or liquidation proceedings) and (b) cannot by its terms become subordinate in right of payment to any other obligation of the Obligor of the Loan. "Senior Secured Notes": Notes bearing interest at a floating rate that arc secured by a pledge of collateral and have a senior pre-petition priori

dy's Senior Secured Loan": (a) A Loan that: (i) is not (and cannot by its terms become) subordinate in right of payment to any other obligation of the Obligor of the Loan, (ii) is secured by a valid first priority perfected security interest or lien in, to or on specified collateral securing the Obligor's obligation

dy's Senior Secured Loan": (a) A Loan that: (i) is not (and cannot by its terms become) subordinate in right of payment to any other obligation of the Obligor of the Loan, (ii) is secured by a valid first priority perfected security interest or lien in, to or on specified collateral securing the Obligor's obligation