Second Lien Sample Clauses

Second Lien amend the Finance Documents to permit UPC Broadband to incur and secure Financial Indebtedness on a second lien ranking basis provided that (other than in the case of a refinancing of other secured Financial Indebtedness in the same or a lesser principal amount) the Total Debt to Annualised EBITDA ratio on a pro forma basis would not be greater than 5.50:1.00 and provided that such Financial Indebtedness is subject to an intercreditor agreement on terms satisfactory to the Facility Agent and the Security Agent (in each case, acting reasonably) and, where the rights of the holders of such Financial Indebtedness will be contractually subordinated to the rights of the Lenders, on terms comparable to the intercreditor agreement that relates to the Liberty Global Reference Agreement referenced under paragraph (iii) of the definition of “Liberty Global Reference Agreements” with such adjustments and amendments agreed between UPC Broadband, the Security Agent and the Facility Agent (acting reasonably in each case).
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Second Lien. Notwithstanding anything to the contrary contained herein, the liens granted by Debtors to Secured Party are secondary and inferior to those certain liens granted by Debtors to the Agent under the Senior Credit Facility. [THE REMAINDER OF THIS PAGE IS INTENTIONALLY BLANK]
Second Lien. As a continuing security for the payment and performance of the Second Lien Secured Obligations, the Chargor as legal and beneficial owner hereby charges to the Second Lien Security Trustee (as trustee for the Second Lien Secured Parties), by way of a second fixed charge, all of its right, title and interest in and to the Charged Property; provided always that the security created by this clause 3.2 shall rank immediately behind the security created by clause 3.1 but shall take priority over, and rank ahead of, the security created by clauses 3.3 and 3.4.
Second Lien. Borrower shall provide Lender a lien and security interest on all Crops and Farm Products and all Accounts, Chattel Paper and General Intangibles ansmg out of the same which shall be second only to the first lien of any LOC Lender.
Second Lien. Notwithstanding anything to the contrary contained herein, the liens granted by Pledgors to Secured Party are secondary and inferior to those certain liens granted by Pledgors to the Agent under the Senior Credit Facility.
Second Lien. Notwithstanding anything herein to the contrary, the lien and security interest granted to Administrative Agent pursuant to this Agreement and the exercise of any right or remedy in respect of the Collateral by Administrative Agent hereunder are subject to the provisions of the Intercreditor Agreement, including the rights of the First Lien Debt Agent to exercise control with respect to such Collateral as and to the extent set forth in the Intercreditor Agreement. In the event of any conflict between the terms of the Intercreditor Agreement and the provisions of Section 5 or 6 of this Agreement relating to the Collateral, the terms of the Intercreditor Agreement shall govern.
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Second Lien. Trustor, Beneficiary and Indenture Trustee have entered into the Intercreditor Agreement to establish the relative priorities of the Liens created by the First Deed of Trust and this Hyatt Gaming Deed of Trust, and this Hyatt Gaming Deed of Trust is made subject to all terms and conditions of the Intercreditor Agreement.
Second Lien. Of even date herewith, Grantor is executing a ----------- certain First Leasehold Deed of Trust, Security Agreement, Assignment of Leases and Rents, Fixture Filing and Financing Statement in favor of State Street Bank and Trust Company, as Trustee (the "First Lien Deed of Trust"). The liens and ------------------------ security interests granted in this Deed of Trust shall be inferior and subordinate to the liens and security interests granted in the First Lien Deed of Trust, which shall be first priority.
Second Lien. Except as set forth in Sections 1 and 2, this Amendment and Waiver shall become effective with respect to the Second Lien Purchase Agreement as of the date hereof when this Amendment and Waiver has been duly executed and delivered by Parent, NextWave, PacketVideo, the other guarantors signatory hereto and the Required Holders under the Second Lien Purchase Agreement.
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