Examples of Non-Cash Pay Second Lien Obligations in a sentence
In order to enter Technium Digital@Sony, companies must meet the standard Technium entry criteria (see Appendix 1).
As a result of the agreement that the Liens securing the Cash Pay Second Lien Obligations and the Non-Cash Pay Second Lien Obligations are to be equal in priority, the parties hereto have agreed on a procedure whereby the Non-Cash Pay Second Lien Collateral Agent would undertake Enforcement Actions under the Non-Cash Pay Second Lien Collateral Documents.
If the new Non-Cash Pay Second Lien Obligations under the new Non-Cash Pay Second Lien Note Documents are secured by assets of the Grantors of the type constituting Collateral that do not also secure the Cash Pay Second Lien Obligations, then the Cash Pay Second Lien Obligations shall be secured at such time by a second priority Lien having an equal priority with the Non-Cash Pay Second Lien Obligations on such assets to the same extent provided in the Cash Pay Second Lien Collateral Documents.
Nothing in this Agreement is intended to or shall impair the obligations of the Issuers or any other Grantor, which are absolute and unconditional, to pay the Non-Cash Pay Second Lien Obligations and the Cash Pay Second Lien Obligations as and when the same shall become due and payable in accordance with their terms.
Upon the Discharge of Non-Cash Pay Second Lien Obligations, the Non-Cash Pay Second Lien Collateral Agent shall deliver to the Cash Pay Second Lien Claimholders or their designee the Control Collateral together with any necessary endorsements (or otherwise allow Cash Pay the Second Lien Claimholders to obtain control of such Control Collateral) or as a court of competent jurisdiction may otherwise direct.
We use approved conservative texts that can be found in Evangelical Christian bookstores.
Promptly, and in any event within three business days, after the receipt of written notice by Non-Cash Pay Second Lien Claimholders of Payment in Full of the Non-Cash Pay Second Lien Obligations, the Non-Cash Pay Second Lien Collateral Agent shall provide written notice to the Cash Pay Second Lien Trustee and the Cash Pay Second Lien Collateral Agent that the Discharge of Non-Cash Pay Second Lien Obligations has occurred.
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Except as set forth in Section 6.3, the Cash Pay Second Lien Claimholders assent to any extension or postponement of the time of payment of the Non-Cash Pay Second Lien Obligations or any part thereof and to any other indulgence with respect thereto, to any substitution, exchange or release of any security which may at any time secure any part of the Non-Cash Pay Second Lien Obligations and to the addition or release of any other Person primarily or secondarily liable therefor.
Each Non-Cash Pay Second Lien Claimholder further agrees that any payments or other distributions, whether in cash, securities or other property (other than scheduled interest payments paid in kind), received by or for the benefit of a Non-Cash Pay Second Lien Claimholder in respect of such Claimholder’s Non-Cash Pay Second Lien Obligations (both before and after maturity thereof) in any manner and from any source whatsoever shall be conclusively presumed to constitute Collateral or proceeds of Collateral.