Second Lien Credit Party definition

Second Lien Credit Party means each Second Lien Lender, the Second Lien Collateral Agent and each Indemnitee in respect of Second Lien Loans and their respective successors and assigns, and “Second Lien Credit Parties” means any two or more of them, collectively.
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Second Lien Credit Party and collectively the “Second Lien Credit Parties”). To induce the Second Lien Credit Parties to enter into the Second Lien Credit Agreement and the other Loan Documents referred to therein (collectively with the Second Lien Credit Agreement, the “Second Lien Loan Documents”), and as a condition precedent to the obligations of the Second Lien Lenders under the Second Lien Credit Agreement, certain Subsidiaries of Holdings (each, a “Second Lien Subsidiary Guarantor” and collectively the “Second Lien Subsidiary Guarantors” and, together with the Borrower, the “Second Lien Guarantors”, and the Second Lien Guarantors and each other person (other than an Agent or a Lender) that becomes a guarantor of or in respect of the Second Lien Obligations and the respective successors and permitted assigns of each of the foregoing, together with Holdings, each a “Second Lien Loan Party” and collectively the “Second Lien Loan Parties” and, together with the First Lien Loan Parties, each a “Loan Party” and, collectively, the “Loan Parties”) have agreed, jointly and severally, to provide a guaranty of all obligations of Holdings and the other Second Lien Loan Parties under or in respect of the Second Lien Loan Documents. As a further condition precedent to (i), the obligations of the First Lien Lenders under the First Lien Credit Agreement, each First, Lien Loan Party has agreed or will agree to grant a continuing first priority security interest (subject to Permitted Liens, as defined in the First Lien Loan Documents and the Second Lien Loan Documents, as applicable) in favor of the First Lien Collateral Agent (or the Control Agent acting on its behalf) in and to the Collateral to secure the First Lien Obligations, and (ii) the obligations of the Second Lien Lenders under the Second Lien Credit Agreement, each Second Lien Loan Party has agreed or will agree to grant a continuing second priority security interest (subject to Permitted Liens, as defined in the First Lien Loan Documents and the Second Lien Loan Documents, as applicable) in favor of the Second Lien Collateral Agent (or the Control Agent acting on its behalf) in and to the Collateral to secure the Second Lien Obligations. The First Lien Loan Documents and the Second Lien Loan Documents provide, among other things, that the parties thereto shall set forth in this Agreement their respective rights and remedies with respect to the Collateral. In order to induce the First Lien Collateral Agent and the First Lien Fina...
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Examples of Second Lien Credit Party in a sentence

  • According to the strategic human resources development strategy and planning, the Group implemented a programme of global talent recruitment.

  • And even if ESL’s insider status somehow were at play in the Rule 3012 Motion, it is clearly not relevant to the treatment of Cyrus – a non-insider, third party minority Prepetition Second Lien Credit Party – or any other third-party Prepetition Second Lien Credit Party.

Related to Second Lien Credit Party

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Effective Date, among Holdings, the Borrowers, the lenders party thereto and Deutsche Bank AG New York Branch, as administrative agent and collateral agent.

  • First Lien Credit Agreement has the meaning set forth in the Recitals to this Agreement.

  • First Lien Credit Documents means the “Credit Documents” as defined in the First Lien Credit Agreement.

  • Canadian Credit Party means the Canadian Borrower and each Canadian Subsidiary Guarantor.

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • Second Lien Agent means the “Agent” under and as defined in the Second Lien Credit Agreement.

  • Second Lien Administrative Agent means the “Administrative Agent” as defined in the Second Lien Credit Agreement.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Non-Credit Party means any Restricted Subsidiary that is not a Credit Party.

  • U.S. Credit Party means the U.S. Borrower and each U.S. Subsidiary Guarantor.

  • Domestic Credit Party means any Credit Party that is organized under the laws of any State of the United States or the District of Columbia.

  • ABL Agent means Bank of America, N.A., in its capacity as administrative agent and collateral agent under the ABL Facility Documentation, or any successor agent or under the ABL Facility Documentation.

  • Credit Parties means the Borrower and the Guarantors.

  • Credit Party Obligations means, without duplication, (a) all of the obligations of the Credit Parties to the Lenders (including the Issuing Lender) and the Administrative Agent, whenever arising, under this Credit Agreement, the Notes, or any of the other Credit Documents to which any Credit Party is a party and (b) all liabilities and obligations owing from such Credit Party to any Lender, or any Affiliate of a Lender, arising under Hedging Agreements.

  • DIP Lender means a lender under the DIP Facility.

  • Second Lien Claimholders means, at any relevant time, the holders of Second Lien Obligations at that time, including the Second Lien Lenders and the agents under the Second Lien Loan Documents.

  • Second Lien Collateral Agent means the “Collateral Agent” as defined in the Second Lien Credit Agreement.

  • Foreign Credit Party means a Credit Party which is not a Domestic Credit Party.

  • First Lien Administrative Agent means the “Administrative Agent” as defined in the First Lien Credit Agreement.

  • Second Lien Secured Parties means the Indenture Second Lien Secured Parties and the Additional Second Lien Secured Parties.

  • ABL Credit Agreement as defined in the recitals hereto.

  • Loan Parties means, collectively, the Borrower and each Guarantor.

  • Additional Credit Party means each Person that becomes a Guarantor by execution of a Joinder Agreement in accordance with Section 5.10.

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

  • Second Lien Loan Documents means the Second Lien Credit Agreement and the other “Loan Documents” as defined in the Second Lien Credit Agreement.

  • Credit Party means the Administrative Agent, the Issuing Bank, the Swingline Lender or any other Lender.