First Lien Facilities definition
Examples of First Lien Facilities in a sentence
References to specific provisions (or defined terms) in the First Lien Facilities Documentation shall be to such provisions (or defined terms) as amended or replaced (to the extent such amendment or replacement is permitted by the Loan Documents), and cross-references shall be deemed amended as necessary to refer to the same provisions that are referenced in the First Lien Facilities Documentation as in effect on the Closing Date.
Credit Support Document: any security document, collateral trust agreement, guaranty or any other collateral security document or arrangement evidencing or granting a lien in the Group Collateral that is entered into by Party B or one of its affiliates in connection with the Group First Lien Facilities.
An institution to be mutually agreed will act as syndication agent for the First Lien Facilities and will perform the duties customarily associated with such role.
Each such prepayment shall be applied first to the First Lien Term Facility (as defined in the First Lien Facilities Credit Agreement) in direct order to the scheduled principal installments due in the next succeeding twelve months and then on a pro rata basis to any remaining principal installments thereof, second to the Facility in accordance with the terms thereof and third to the First Lien Revolving Credit Facility (as defined in the First Lien Facilities Credit Agreement).
Borrowers are refinancing and replacing the Original First Lien Facility with the Refinancing First Lien Facilities.