Examples of Second Lien Administrative Agent in a sentence
The Second Lien Administrative Agent shall not be required to give any bond, surety or other security for the performance of its duties with respect to its administration of any distributions.
Reference is made to the Intercreditor Agreement dated as of even date herewith (as amended, restated, supplemented or otherwise modified from time to time, the “Intercreditor Agreement”), among the Borrower, Xxxxx Fargo Bank, N.A., as First Lien Administrative Agent (as defined therein), and Xxxxx Fargo Energy Capital, Inc., as Second Lien Administrative Agent (as defined therein).
Accordingly, the Borrowers have requested that, in the event that any Borrower (or any Subsidiary or Subsidiaries thereof) acquires a majority interest in Xxxxxxx prior to the Extension Deadline, the Second Lien Administrative Agent and the Second Lien Lenders exclude Xxxxxxx as a “Subsidiary” under the Second Lien Credit Agreement until the expiration of the Extension Deadline.
Each of the Guarantors, by their acknowledgment hereto, agree and consent to this Agreement, to all prior Loan Documents, and to the documents and agreements referred to herein and therein, and to all future modifications and amendments thereto, and any termination thereof, and to any and all other present and future documents and agreements between or among the Borrowers, the Second Lien Administrative Agent.
The Second Lien Administrative Agent, for itself and on behalf of the other Second Lien Secured Parties, hereby waives any and all rights the Second Lien Secured Parties may now or hereafter have under applicable law to revoke this Agreement or any of the provisions of this Agreement.