Lien Guarantees definition
Examples of Lien Guarantees in a sentence
Pursuant to the [ ]i [First/Second]ii Lien Guarantees, the [ ]i [First/Second]ii Lien Guarantors have agreed to guarantee the payment and performance of the [ ]iii Borrower’s obligations under the [ ]i [First/Second]ii Lien Documents.
The Second Priority Adjustable Senior Secured Notes of the same series under the Second Lien Indenture as the Initial Second Lien Notes and the Second Lien Guarantees thereof, to be issued to Holders in exchange for Transfer Restricted Second Lien Securities pursuant to this Agreement.
Voting rights of participants shall be limited to matters in respect of (a) increases in commitments of such participant, (b) reductions of principal, interest or fees payable to such participant, (c) extensions of final maturity of the loans or commitments in which such participant participates and (d) releases of all or substantially all of the value of the Second Lien Guarantees, or all or substantially all of the Collateral.
The obligations of the Loan Parties in respect of the Second Lien Facility and the Second Lien Guarantees will be secured jointly and severally by a second priority security interest all Collateral, other than the ABL Priority Collateral (defined below) (the “Term Loan Priority Collateral”).