Second Lien Closing Date definition

Second Lien Closing Date means the "Closing Date" as defined under the Second Lien Credit Agreement."

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Second Lien Closing Date is hereby inserted in Annex A of the Credit Agreement in proper alphabetical order:

Second Lien Closing Date means May 5, 2006.

Examples of Second Lien Closing Date in a sentence

Section 1.1 of the Credit Agreement is hereby amended by deleting "$275,000,000" therein and inserting "$287,000,000 minus the original principal amount of the Second Lien Term Loan as of the Second Lien Closing Date" in lieu thereof.
All Term Loan Commitments shall automatically terminate on the Second Lien Closing Date.
As of the Second Lien Closing Date, such insurance is in full force and effect and all premiums are current.
From and after the Second Lien Closing Date, ▇▇▇▇▇ ▇ ▇▇▇▇ on any property to secure the Second Lien Debt without first (a) giving fifteen (15) days' prior written notice to the Administrative Agent thereof and (b) granting to the Administrative Agent to secure the Obligations a first-priority security interest in the same property pursuant to Security Documents in form and substance reasonably satisfactory to the Administrative Agent.
For the avoidance of doubt, all such information, reports, financial statements, exhibits and schedules shall be deemed re-delivered on the Second Lien Closing Date for purposes of this Section 3.15.
Furnish to the Administrative Agent a copy of any material agreement entered into after the Second Lien Closing Date.
Subject to the terms and conditions hereof and relying upon the representations and warranties set forth herein, each Lender agrees, severally and not jointly, to make a Term Loan to the Borrower on the Second Lien Closing Date in a principal amount requested by the Borrower in a duly completed Borrowing Request delivered in accordance with Section 2.03, which principal amount shall not exceed the Term Loan Commitment of such Lender.
As of the Second Lien Closing Date, there are no Liens of any nature whatsoever on any of the properties or assets of the Borrower or any of the Subsidiaries (other than, in the case of Equity Interests in the Borrower and the Subsidiaries, the Liens in respect of the this Agreement and non-consensual Permitted Liens and, in the case of all properties or assets other than Equity Interests in the Borrower and the Subsidiaries, Permitted Liens).
The Borrower shall cause TEC to, measured from and after the Original Second Lien Closing Date, expend at least $125,000,000 in funding exploration, acquisitions, developments, drilling, production, transportation, processing, operations and related activities in or related to the Horseshoe Canyon area, including without limitation expenditures on plants, facilities, systems and other tangibles related to same (wherever situated) within 30 months of the Original Second Lien Closing Date.
With respect to any material agreement entered into after the Second Lien Closing Date, use commercially reasonable efforts to include in each such material agreement a provision allowing for the collateral assignment of the agreement to the Administrative Agent.

More Definitions of Second Lien Closing Date

Second Lien Closing Date means the first date on which all of the following conditions precedent are satisfied or waived in accordance with Section 10.01: (a) the Borrower shall have received $75,000,000 of gross cash proceeds from the issuance of the Second Lien Debt; (b) the Borrower shall have delivered to the Administrative Agent true, correct and complete copies (certified to be such by the Borrower) of each Second Lien Loan Document and each other agreement, instrument, or document executed by the Borrower, any of its Subsidiaries or any of their respective Responsible Officers at any time in connection with the Second Lien Debt on or before the Second Lien Closing Date, in each case, the terms and conditions of which shall be reasonably satisfactory to the Administrative Agent and the Required Lenders; (c) the Administrative Agent (or its counsel) shall have received counterparts of the Intercreditor Agreement duly executed and delivered by a duly authorized officer of the Borrower, each Subsidiary Guarantor and the Second Lien Agent or the holders of the Second Lien Debt; (d) the Borrower shall have concurrently prepaid the Outstanding Amount of all Term Loans with the Net Cash Proceeds from the issuance of the Second Lien Debt; (e) the Borrower shall have concurrently prepaid in full all outstanding obligations under the Summit Credit Agreement and the other Loan Documents referred to therein, with the Net Cash Proceeds from the issuance of the Second Lien Debt, and such Credit Agreement and other Loan Documents and commitments to extend credit thereunder shall have terminated (and the Administrative Agent shall have received evidence reasonably satisfactory to it of such prepayment and termination); and (f) in the event any excess Net Cash Proceeds from the issuance of the Second Lien Debt remain after making the prepayments described in clauses (d) and (e) above, the Borrower shall have concurrently prepaid or Cash Collateralized (in the case of the L/C Obligations) the Revolving Credit Loans, Swing Line Loans or the L/C Obligations, or any combination of the foregoing, with such excess Net Cash Proceeds.