First Lien Loans definition

First Lien Loans means the loans made under the First Lien Credit Agreement.

First Lien Loans shall have the meaning provided to the term “Loans” in the First Lien Credit Agreement.

First Lien Loans means the Loans as such term is defined in the First Lien Credit Agreement, as such is amended, modified, supplemented or restated from time to time in accordance with the terms thereof and hereof.

Examples of First Lien Loans in a sentence

• Prior to the Petition Date, on October 1, 2020, the Debtors commenced the solicitation of votes on the Prepackaged Plan from the holders of First Lien Loans and Second Lien Loans on the basis of the Disclosure Statement for Joint Prepackaged Chapter 11 Plan of UTEX Industries, Inc.

• For the avoidance of doubt, DIP Loans shall constitute First Lien Loans.

• The First Lien Credit Agreement includes a Prepayment Premium (as defined in the Final DIP Order) that permits Mission Coal to repay the First Lien Loans before the scheduled maturity date.

• First Lien Convertible Preferred Equity with an initial liquidation preference equal to the aggregate principal amount of such Holder’s First Lien Loans less the aggregate original principal amount of Exit Facility Term Loans received by such Holder.

• The risk of loss is therefore greater for lenders of Second Lien Loans (and other subordinated loans) in contrast to First Lien Loans.

More Definitions of First Lien Loans

First Lien Loans means the First Lien Term Loans and the First Lien Revolving Loans.

First Lien Loans means “Loans” as defined in the First Lien Credit Agreement.

First Lien Loans means the loans under the First Lien Facility.

First Lien Loans means loans made to the Borrowers from time to time under the First Lien Loan Agreement.

First Lien Loans means, collectively, the First Lien Term Loan and the First Lien Revolving Loans.

First Lien Loans. With respect to any First Lien Loan, the Mortgaged Property was not, as of the date of origination of the Mortgage Loan, subject to a mortgage, deed of trust, deed to secure debt or other security instrument creating a lien subordinate to the lien of the Mortgage;

First Lien Loans means the loans issued under the First Lien Credit Agreement.