Examples of First Lien Credit Agreements in a sentence
On September 15, 2016, Wells Fargo filed its Master Proof of Claim of (i) Wells Fargo Bank, National Association, Individually and as Administrative Agent under the First Lien Credit Agreements, and (ii) the Other First Lien Secured Parties in the bankruptcy cases of Linn Energy LLC, [Case No. 16-60040, Claim No. 5295], LinnCo, LLC [Case No. 16-60042, Claim No. 5433], Linn Energy Finance Corp.
The Lenders acknowledge that the obligations of the Borrower under the First Lien Credit Agreements, the Second Lien Notes and Refinancing Indebtedness in respect thereof are and shall be secured by Liens on assets of the Borrower and the other Loan Parties that constitute Collateral under the Security Instruments and that the relative Lien priorities and other creditor rights of the Lenders hereunder and the secured parties thereunder will be set forth in the Intercreditor Agreements.
The Debtors reserve their right, whether of their own accord or upon the request of the Requisite Lenders under both Prepetition First Lien Credit Agreements, to delete this Class in accordance with Article II.F.
For instance, the First Prepetition LINN Lender Paydown served as consideration for an amendment to the LINN Debtors’ First Lien Credit Agreements after a technical default by the LINN Debtors in March 2016 and afforded the LINN Debtors time to negotiate a comprehensive restructuring transaction prior to the Petition Date (i.e., the Bank RSA).
Subject to the joint agreement of the Requisite Lenders under both Prepetition First Lien Credit Agreements, each of the conditions set forth in Article VIII.A and VIII.B of the Plan may be waived in whole or in part by the Debtors.
Modifications and Amendments Notwithstanding anything to the contrary herein, any waiver or modification of any provision of this Plan requires the prior written consent of the Requisite Lenders under both Prepetition First Lien Credit Agreements.
Subject to the prior written consent of the Requisite Lenders under both Prepetition First Lien Credit Agreements, the Debtors may alter, amend or modify the Plan or any Exhibits thereto under Bankruptcy Code section 1127(a) at any time prior to the Confirmation Date.
Each Administrative Agent represents and warrants to the other parties hereto that it has been authorized by the Lenders under and as defined in the First Lien Credit Agreements or the Second Lien Credit Agreement, as applicable, to enter into this Agreement.
Subject to the prior written consent of the Requisite Lenders under both Prepetition First Lien Credit Agreements, the Debtors reserve the right to alter, amend, modify, revoke, or withdraw the Plan or any Plan Exhibit or schedule, including to amend or modify the Plan or such Exhibits or schedules to satisfy the requirements of Bankruptcy Code section 1129(b), if necessary.
The First Lien Collateral Agent agrees, on behalf of each First Lien Consenting Lender, that such First Lien Consenting Lender will not consent to, and will exercise its voting and other consensual rights under the First Lien Credit Agreements and the other First Lien Loan Documents in opposition to, any action that would be inconsistent with any acknowledgement, agreement, consent or waiver made by the First Lien Collateral Agent in this Agreement.