CSL Capital definition
Examples of CSL Capital in a sentence
Reference is made to the Security Agreement dated as of April 24, 2015 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Security Agreement”), among the Communications Sales & Leasing, Inc., and CSL Capital, LLC (each, a “Borrower” and together, the “Borrowers”), as Grantors, the other Grantors party thereto and the Collateral Agent.
All references herein to Parent, CSL Capital or any other Grantor shall apply to any trustee for such Person and such Person as debtor in possession.
This Agreement shall be binding upon the Designated First-Priority Representative, the other First-Priority Representatives, the First-Priority Secured Parties, the Second-Priority Representatives, the Second-Priority Secured Parties, Parent, CSL Capital and each other Grantor party hereto and their respective permitted successors and assigns.
The relative rights as to the Common Collateral and proceeds thereof shall continue after the filing thereof on the same basis as prior to the date of the petition, subject to any court order approving the financing of, or use of cash collateral by, Parent, CSL Capital or any other Grantor.
The consent by the First-Priority Secured Parties to the execution and delivery of the Second-Priority Documents to which the First-Priority Secured Parties have consented and all loans and other extensions of credit made or deemed made on and after the date hereof by the First-Priority Secured Parties to Parent, CSL Capital or any other Grantor or any of their respective subsidiaries shall be deemed to have been given and made in reliance upon this Agreement.
All Liens on the Common Collateral securing any First-Priority Obligations shall be and remain senior in all respects and prior to all Liens on the Common Collateral securing any Second-Priority Obligations for all purposes, whether or not such Liens securing any First-Priority Obligations are subordinated to any Lien securing any other obligation of Parent, CSL Capital, any other Grantor or any other Person.
All references to Parent, CSL Capital or any other Grantor shall include Parent, CSL Capital or any other Grantor as debtor and debtor-in-possession and any receiver or trustee for Parent, CSL Capital or any other Grantor (as the case may be) in any Insolvency or Liquidation Proceeding.
This is a continuing agreement of lien subordination and the First-Priority Secured Parties may continue, at any time and without notice to each Second-Priority Representative or any Second-Priority Secured Party, to extend credit and other financial accommodations and lend monies to or for the benefit of Parent, CSL Capital or any other Grantor constituting First-Priority Obligations in reliance hereon.
Notwithstanding anything to the contrary in this Agreement, the Second-Priority Representatives and the Second-Priority Secured Parties may exercise rights and remedies as an unsecured creditor against Parent, CSL Capital, any other Grantor or any of their respective subsidiaries that has guaranteed the Second-Priority Obligations in accordance with the terms of the applicable Second-Priority Documents and applicable law.
The Issuers issued the Notes under an Indenture, dated as of May 17, 2024 (the “Indenture”), among Uniti Group LP, Uniti Group Finance 2019 Inc., Uniti Fiber Holdings Inc., CSL Capital, LLC, the Guarantors named therein and the Trustee.