Second Lien Documents definition
Examples of Second Lien Documents in a sentence
As between the First Lien Agent, the First Lien Claimholders, the Second Lien Agent and the Second Lien Claimholders, in the event of any conflict between the provisions of this Agreement and the provisions of the First Lien Loan Documents or the Second Lien Documents, the provisions of this Agreement shall govern and control.
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.
The First Lien Agent, on behalf of itself and the First Lien Claimholders, acknowledges and agrees that each of the Second Lien Agent and the Second Lien Claimholders have made no express or implied representation or warranty, including with respect to the execution, validity, legality, completeness, collectability or enforceability of any of the Second Lien Documents, the ownership of any Collateral or the perfection or priority of any Liens thereon.
The parties hereto acknowledge that the terms of this Agreement are not intended to negate any specific rights granted to the Borrower or any First Lien Guarantor in the First Lien Loan Documents or to the Borrower or a Second Lien Guarantor in the Second Lien Documents.
The Second Lien Claimholders will be entitled to manage and supervise their respective loans and extensions of credit under the Second Lien Documents in accordance with law and as they may otherwise, in their sole discretion, deem appropriate.