First Lien Debt. As of the Closing Date, the Borrowers have delivered to Agent a complete and correct copy of the First Lien Loan Documents (including all schedules, exhibits, amendments, supplements, modifications, assignments and all other documents delivered pursuant thereto or in connection therewith).
First Lien Debt. Promptly cancel any First Lien Debt directly or indirectly acquired by them, any of their Subsidiaries or Affiliates, and no First Lien Debt may be issued in substitution or exchange for any such First Lien Debt. For the avoidance of doubt, this Section 7.23 is not intended and shall not prevent the Borrowers from making any payment of the First Lien Debt, including any voluntary or mandatory prepayment of the First Lien Debt contemplated by the First Lien Credit Agreement.
First Lien Debt. The Borrower shall not, nor shall it permit any of its Subsidiaries to, amend, modify or waive any provision of any First Lien Loan Document if such amendment, modification or waiver is prohibited under the Intercreditor Agreement. The Borrower shall not, nor shall it permit any of its Subsidiaries to, xxxxx x Xxxx on any Property to secure the First Lien Debt without contemporaneously granting to Administrative Agent, as security for the Obligations, a second priority Lien on the same Property pursuant to Security Instruments in form and substance satisfactory to Administrative Agent.
First Lien Debt. Company shall not borrow any Delayed Draw Term Loans (as defined in the First Lien Credit Agreement) (a) at any time after the First Amendment Effective Date in an aggregate principal amount in excess of 42,000,000 until Notes in an aggregate principal amount of $28,000,000 are issued hereunder, or (b) after the issuance of the Notes described in clause (a), unless Notes are issued simultaneously therewith to the extent necessary such that the principal amount of Delayed Draw Term Loans borrowed since the First Amendment Effective Date does not exceed 60% of the sum of the aggregate principal amount of Delayed Draw Term Loans borrowed and Notes issued after the First Amendment Effective Date."
First Lien Debt. Notwithstanding the foregoing provisions of this Agreement, no payments or mandatory prepayment of the Term Loan, other than mandatory prepayments required under Section 2.05(b)(v), payments of cash interest in accordance with Sections 2.07(b)(iv) or (vi) or as otherwise expressly permitted by the Intercreditor Agreement, shall be required to be made until Payment in Full of First Lien Priority Debt
First Lien Debt. To secure the payment of the First Lien Obligations and in consideration of the premises and the mutual agreements set forth herein, each of the Grantors, each Representative and each other Secured Party hereby grants, and confirms the grant of, Liens in favor of the Collateral Agent, and the Collateral Agent hereby accepts and agrees to hold, under this Agreement for the benefit of all current and future Secured Parties, on all of such Grantor’s right, title and interest in, to and under all Collateral and on all Liens now or hereafter granted to the Collateral Agent by each Grantor under any Security Document for the benefit of the Secured Parties, together with all of the Collateral Agent’s right, title and interest in, to and under the Security Documents, and all interests, rights, powers and remedies of the Collateral Agent thereunder or in respect thereof and all cash and non‑cash proceeds thereof (collectively, the “Collateral Estate”). The Collateral Agent and its successors and assigns under this Agreement will hold the Collateral Estate for the benefit solely and exclusively of all current and future Secured Parties as security for the payment of all present and future First Lien Obligations. Notwithstanding the foregoing, if at any time:
First Lien Debt. The Borrower shall receive simultaneously with the initial funding hereunder not more than $343,500,000 in gross cash proceeds from borrowings under the First Lien Credit Agreement. The terms and conditions of the First Lien Documents, shall be reasonably satisfactory in all respects to the Administrative Agent;
First Lien Debt without duplication, all Obligations pursuant to and under the First Lien Credit Agreement and any other Loan Document $ _________.
First Lien Debt. The First Lien Debt is in full force and effect and JV Seller is the legal holder of the First Lien Debt, free and clear of any and all Liens. JV Seller has made available to Purchaser true and correct copies of all of the loan documents relating to the First Lien Debt (the “First Lien Debt Loan Documents”), including all amendments, modifications, extensions and supplements thereto (all of which loan documents are listed on Exhibit C attached hereto). As of the date hereof, the outstanding principal balance of the First Lien Debt is TWELVE MILLION TWO HUNDRED SEVENTY-FIVE THOUSAND TWO HUNDRED NINETY-SIX AND 50/100 DOLLARS ($12,275,296.50) and the accrued and unpaid interest under the First Lien Debt ZERO DOLLARS ($0).
First Lien Debt. Agent has received or will receive on the Closing Date complete copies of the First Lien Loan Documents (including all exhibits, schedules and disclosure letters referred to therein or delivered pursuant thereto, if any) and all amendments thereto, waivers relating thereto and other side letters or agreements affecting the terms thereof. All of the foregoing shall be in form and substance reasonably satisfactory to Agent and none of such documents and agreements shall have been amended or supplemented, nor shall have any of the provisions thereof been waived, except pursuant to a written agreement or instrument which as heretofore been delivered to, and approved in writing by, Agent. The transactions contemplated by the First Lien Loan Documents shall have been consummated in accordance with the terms thereof including and First Lien Agent shall have entered into the Intercreditor Agreement with Agent.
