Second Lien Agent definition
Examples of Second Lien Agent in a sentence
FIRST LIEN AGENT: BANK OF AMERICA, N.A., as the First Lien Agent By: /s/ ▇▇▇ ▇▇▇▇▇ Name: ▇▇▇ ▇▇▇▇▇ Title: AVP SECOND LIEN AGENT: THE BANK OF NEW YORK MELLON, as the Second Lien Agent By: /s/ ▇▇▇▇▇ ▇.
Each of the First Lien Agent and the Second Lien Agent may demand specific performance of this Agreement.
The Control Agent shall be named as additional insured and as loss payee (on behalf of the First Lien Agent, the other First Lien Claimholders, the Second Lien Agent and the other Second Lien Claimholders) under any insurance policies maintained from time to time by any Grantor.
If the Second Lien Agent or any Second Lien Claimholder shall, at any time, receive any proceeds of any such insurance policy or any such award in contravention of this Agreement, it shall pay such proceeds over to the First Lien Agent in accordance with the terms of Section 4.2.
Except as otherwise expressly set forth in Section 2.4, Section 3.1 or Section 6, the Second Lien Agent and the Second Lien Claimholders may exercise rights and remedies as unsecured creditors against any Grantor in accordance with the terms of the Second Lien Documents and applicable law.