Junior Lien Lenders definition

Junior Lien Lenders has the meaning assigned to that term in the introduction to this Agreement, as well as any Person designated as a “Lender” or “holder” or “investor” or similar term under any Junior Lien Credit Agreement.
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Junior Lien Lenders means the “Lenders” as defined in the Junior Lien Credit Agreement.
Sample 1
Junior Lien Lenders means the New Second Lien Lenders and the Existing Second Lien Lenders.
Sample 1

Examples of Junior Lien Lenders in a sentence

  • If the Junior Lien Obligations take the form of bank debt, upon acceleration of the Senior Lien Obligations, the Junior Lien Lenders will have the option to purchase all, but not less than all, of the Senior Lien Obligations (other than in respect of Swap Obligations and Cash Management Obligations).

  • Subject to the restrictions set forth in this Agreement, in the event of any Insolvency Proceeding involving any Obligor or any property of any Obligor, Junior Lien Agent shall retain the right to vote on behalf of Junior Lien Lenders with respect to the Junior Lien Indebtedness.

  • Junior Lien Agent, on behalf of itself and the Junior Lien Lenders, acknowledges and agrees that none of Senior Lien Agent or any Senior Lien Lender has made any warranties or representations with respect to the legality, validity, enforceability, collectability or perfection of the Senior Lien Indebtedness or any liens or security interests held in connection therewith.

  • Pursuant to that certain Junior Lien Credit Agreement dated as of the date hereof among Holdings, the Borrower, the Junior Lien Lenders, and the Initial Junior Lien Agent (the “Initial Junior Lien Credit Agreement”), the Initial Junior Lien Lenders have agreed to make certain loans to the Borrower.

  • Each Junior Lien Agent represents and warrants that it has the requisite power and authority to enter into, execute, deliver, and carry out the terms of this Agreement on behalf of itself and the Junior Lien Lenders for which it is agent.

  • Junior Lien Agent agrees that neither it nor the Junior Lien Lenders will take any action that would interfere with any Exercise of Secured Creditor Remedies undertaken by Senior Lien Agent under the Senior Lien Loan Documents, including any public or private sale, lease, exchange, transfer, or other disposition of any Collateral, whether by foreclosure or otherwise, in any case so long as Senior Lien Agent does not act in contravention of this Agreement or applicable law.

  • None of First Lien Agent, First Lien Co-Agent or the First Lien Lenders, on the one hand, or any of the Junior Lien Agent or the Junior Lien Lenders, on the other hand, as applicable, shall have any obligation whatsoever to the others to assure that the Control Collateral is genuine or owned by any Obligor or any other Person or to preserve their respective rights or benefits or those of any Person.

  • Senior Lien Agent, for and on behalf of itself and the Senior Lien Lenders, and Junior Lien Agent, for and on behalf of itself and the Junior Lien Lenders, have caused this Agreement to be duly executed and delivered as of the date first above written.

  • Junior Lien Agent, on behalf of itself and the Junior Lien Lenders, hereby agrees that its Liens in the Collateral shall be subordinated to such DIP Financing (and all obligations relating thereto) to the same extent and upon the same terms and conditions specified in this Agreement.

  • Junior Lien Agent, on behalf of itself and the Junior Lien Lenders, agrees that it shall not, directly or indirectly, provide, offer to provide or support any DIP Financing secured by a Lien senior to or pari passu with the Liens securing the Senior Lien Indebtedness.


More Definitions of Junior Lien Lenders

Junior Lien Lenders means the Junior Lien Lenders, together with the lenders under any Junior Lien Credit Agreement or Junior Lien Loan Documents.
Sample 1
Junior Lien Lenders means the Second-Lien Lenders and the Third-Lien Lenders.
Sample 1
Junior Lien Lenders means the financial institutions and other lenders party from time to time to the Junior Lien Credit Agreement (including any such financial institution or lender in its capacity as an issuer of letters of credit thereunder), together with their successors, assigns, transferees and replacements thereof.
Sample 1
Junior Lien Lenders means Special Value Opportunities Fund, LLC and Special Value Expansion Fund, LLC and their respective successors and assigns.
Sample 1

Related to Junior Lien Lenders

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Junior Lien Debt means Indebtedness incurred by a Covenant Entity that is secured by a Lien that is junior to the Lien on the Collateral securing the Obligations.

  • Junior Lien Indebtedness means any Indebtedness of any Credit Party that is secured by Liens on Collateral that rank junior in priority to the Liens that secure the Obligations.

  • ABL Lenders means the “Lenders” under and as defined in the ABL Credit Agreement.

  • Junior Lien Documents means, collectively, any indenture, credit agreement or other agreement or instrument pursuant to which Junior Lien Debt is incurred and the documents pursuant to which Junior Lien Obligations are granted.

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

  • Junior Lien Intercreditor Agreement means the Junior Lien Intercreditor Agreement substantially in the form of Exhibit H or such other form as reasonably agreed between the Borrower and the Administrative Agent.

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

  • Junior Creditor means any Defaulting Bank which has not (x) fully cured each and every default on its part under the Loan Documents and (y) unconditionally tendered to the Administrative Agent such Defaulting Bank’s Pro Rata Share of all costs, expenses and disbursements required to be paid or reimbursed pursuant to the terms of the Loan Documents.

  • Second Lien Agent means the “Agent” under and as defined in the Second Lien Credit Agreement.

  • Junior Lien means a Lien, junior to the Liens on the Collateral securing the Secured Obligations as provided in the Collateral Agency and Intercreditor Agreement, granted by the Company or any Guarantor in favor of holders of Junior Lien Debt (or any Junior Lien Representative in connection therewith), at any time, upon any property of the Company or any Guarantor to secure Junior Lien Obligations; provided such Lien is permitted to be incurred under this Indenture.

  • Senior Lien Obligations means all revenue bonds and other obligations of the RECIPIENT outstanding on the date of execution of this loan agreement (or subsequently issued on a parity therewith, including refunding obligations) or issued after the date of execution of this loan agreement having a claim or lien on the Gross Revenue of the Utility prior and superior to the claim or lien of the loan, subject only to Maintenance and Operation Expense.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Effective Date, among Holdings, the Borrowers, the lenders party thereto and Deutsche Bank AG New York Branch, as administrative agent and collateral agent.

  • Junior Liens means Liens on the Collateral that are junior to the Liens thereon securing the Term B-1 Loans (and other Loan Obligations that are pari passu with the Term B-1 Loans) pursuant to a Permitted Junior Intercreditor Agreement (it being understood that Junior Liens are not required to be pari passu with other Junior Liens, and that Indebtedness secured by Junior Liens may have Liens that are senior in priority to, or pari passu with, or junior in priority to, other Liens constituting Junior Liens).

  • Second Lien Claimholders means, at any relevant time, the holders of Second Lien Obligations at that time, including the Second Lien Lenders and the agents under the Second Lien Loan Documents.

  • Junior Lien Obligations means Junior Lien Debt and all other Obligations in respect thereof.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • ABL Lender means any lender or holder or agent or arranger of Indebtedness under the ABL Credit Agreement.

  • First Lien Claimholders means, at any relevant time, the holders of First Lien Obligations at that time, including the First Lien Lenders and the agents under the First Lien Loan Documents.

  • Prepetition Lenders means the lenders party to the Prepetition Credit Agreement.

  • First Lien Credit Agreement has the meaning set forth in the Recitals to this Agreement.

  • Senior Lien means the Liens on the Senior Collateral in favor of the Senior Secured Parties under the Senior Collateral Documents.

  • Priority Lien Debt means Indebtedness of the Company and the Subsidiary Guarantors under the Priority Lien Credit Agreement (including reimbursement obligations with respect to letters of credit).

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • Junior Representative means, with respect to any series of Permitted Junior Debt, the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Permitted Junior Debt is issued, incurred or otherwise obtained and each of their successors in such capacities.