Second Lien Loans definition
Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.
Second Lien Loans shall have the meaning provided to the term “Loans” in the Second Lien Credit Agreement and any modification, replacement, refinancing, refunding, renewal, or extension thereof.
Second Lien Loans. With respect to each Second Lien Loan:
(i) No Negative Amortization of Related First Lien Loan. The related first lien loan does not permit negative amortization;
Examples of Second Lien Loans in a sentence
Tier 2 Definitions: (Tier 2 only includes First Lien Loans, First Out Loans, Second Lien Loans, Second Lien Qualifying Covenant-Lite Loans and Last Out Loans) “Adjusted Tier 2 Purchased Loan Balance” For any Eligible Loan, its Tier 2 Purchased Loan Balance minus the applicable Allocated Excess Concentration Loan Amount.
More Definitions of Second Lien Loans
Second Lien Loans. With respect to each Second Lien Loan:
Second Lien Loans means floating rate corporate loans with a secured interest in the assets of the borrower that is second in priority to Senior Loans.
Second Lien Loans means the loans issued under the Second Lien Credit Agreement.
Second Lien Loans the loans outstanding under the Second Lien Credit Agreement.
Second Lien Loans the loans or advances outstanding under the Second Lien Documents.
Second Lien Loans shall have the meaning assigned to the term “Term Loans” in the Second Lien Credit Agreement (as in effect on the date hereof and as amended or modified).
Second Lien Loans means the senior secured second lien term loan facility under the Second Lien Agreement.