The Second Lien Agent Sample Clauses
The Second Lien Agent clause defines the role and responsibilities of the agent appointed to represent the interests of second lien lenders in a financing arrangement. This agent acts as the intermediary between the second lien lenders and other parties, such as the borrower and the first lien agent, handling communications, enforcing rights, and managing collateral on behalf of the second lien group. For example, the Second Lien Agent may coordinate the distribution of payments or oversee the exercise of remedies in the event of a default. The core function of this clause is to centralize authority and streamline decision-making for second lien lenders, ensuring their interests are collectively managed and protected within the broader financing structure.
The Second Lien Agent. Each party hereto hereby acknowledges and agrees that the Second Lien Agent is entering into this Agreement solely in its capacity as Second Lien Agent under the Noteholder Documents and not in its individual capacity. The Second Lien Agent shall not be deemed to owe any fiduciary duty to the First Lien Agent or the other First Lien Lenders. The Second Lien Agent undertakes to perform and observe only such covenants and obligations as are specifically set forth herein, and no implied covenants or obligations shall be read into this Agreement against the Second Lien Agent.
The Second Lien Agent. S.A.C. CAPITAL ASSOCIATES, LLC, as Administrative Agent and Collateral Agent
The Second Lien Agent. Each party hereto hereby acknowledges and agrees that the Second Lien Agent is entering into this Agreement solely in its capacity as collateral agent under the Indenture and not in its individual capacity. The Second Lien Agent shall not be deemed to owe any fiduciary duty to the First Lien Agent or the other First Lien Lenders. The Second Lien Agent undertakes to perform and observe only such covenants and obligations as are specifically set forth herein, and no implied covenants or obligations shall be read into this Agreement against the Second Lien Agent. The entering into and performance of this Agreement by the Second Lien Agent shall not reduce, limit or otherwise modify any of the Second Lien Agent’s rights, immunities, exculpations or indemnities provided under the Indenture and the other Noteholder Documents.
The Second Lien Agent