Second Lien Maturity Date definition
Examples of Second Lien Maturity Date in a sentence
After the date that is 1.5 years after the Closing Date and on or before the date that is 2.5 years after the Closing Date 110.0 % After the date that is 2.5 years after the Closing Date and on or before the date that is 3.5 years after the Closing Date 105.0 % After the date that is 3.5 years after the Closing Date and on or before the date that is 4.5 years after the Closing Date 102.5 % After the date that is 4.5 years after the Closing Date up to the Second Lien Maturity Date.
If Senior Lien Collateral Agent objects to any motion by a Grantor for use of cash collateral under Section 363 of the Bankruptcy Code or to incur financing under Section 364 of the Bankruptcy Code, then at the written request of Senior Lien Collateral Agent, Second Lien Claimholders shall, if neither the Discharge of Senior Lien Obligations nor the Second Lien Maturity Date has occurred, join the objection by Senior Lien Collateral Agent.
To the extent not previously paid, all Loans shall be due and payable on the Second Lien Maturity Date.
For avoidance of doubt, the occurrence of the Second Lien Maturity Date shall not have any impact on the agreements of the parties hereto set forth in this Section 5.2.
For avoidance of doubt, (i) interest paid in kind on the Second Lien Obligations and interest paid in cash on the Second Lien Obligations as permitted by Section 4.1, shall not be subject to turn over pursuant to this Section and (ii) any amounts received by Second Lien Claimholders on account of the Second Lien Obligations (x) after the Second Lien Maturity Date and (y) before the Discharge of Senior Lien Obligations must be turned over to the Senior Lien Claimholders pursuant to this Agreement.
For avoidance of doubt, the occurrence of the Second Lien Maturity Date shall not have any impact on the agreements of the parties hereto set forth in this Section 6.8.
The Second Lien Loans shall mature on the Second Lien Maturity Date, and any Second Lien Term Loans then outstanding (together with accrued interest thereon) shall be due and payable on such date.
Second Lien Claimholders shall not, directly or through an affiliate and regardless of the occurrence of the Second Lien Maturity Date has occurred, seek to provide DIP Financing secured by Liens equal or senior to the Liens of the Senior Lien Claimholders, without the prior written consent of Senior Lien Collateral Agent.
For avoidance of doubt, the occurrence of the Second Lien Maturity Date shall not have any impact on the agreements of the parties hereto set forth in this Section 1.
For avoidance of doubt, the occurrence of the Second Lien Maturity Date shall not have any impact on the agreements of the parties hereto set forth in this Section 6.6.