Examples of First Lien Guarantors in a sentence
Pursuant to the Original First Lien Credit Agreement, the Original First Lien Guarantors have agreed to guarantee the payment and performance of the Original First Lien Borrower’s obligations under the Original First Lien Documents.
The Borrower, the Issuer, the First Lien Guarantors and the Second Lien Guarantors are hereinafter referred to collectively as the “Loan Parties”.
For the avoidance of doubt, the Issuer and the Second Lien Guarantors will also be required to be First Lien Guarantors.
The indebtedness of each domestic First Lien Borrower is unconditionally guaranteed by each other domestic First Lien Borrower and by the First Lien Guarantors which are domestic subsidiaries.
On April 18, 2016, the Board and Special Committee determined that HERO should enter into the Forbearance Agreement and First Amendment to the First Lien Credit Agreement (the “Original Forbearance Agreement”), with the First Lien Guarantors, the First Lien Agent, and certain First Lien Lenders.142 139 See Keller Dep.