Second Lien Obligations definition
Second Lien Obligations means the “Obligations” as defined in the Second Lien Credit Agreement.
Second Lien Obligations means, collectively, the Indenture Obligations and the Additional Second Lien Obligations.
Second Lien Obligations means all Obligations outstanding under the Second Lien Credit Agreement and the other Second Lien Loan Documents. “Second Lien Obligations” shall include all interest accrued or accruing (or which would, absent commencement of an Insolvency or Liquidation Proceeding, accrue) after commencement of an Insolvency or Liquidation Proceeding in accordance with the rate specified in the relevant Second Lien Loan Document whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding.
Examples of Second Lien Obligations in a sentence
In addition, if the Company or any Guarantor, directly or indirectly, creates, incurs or assumes any Lien securing the ABL Credit Agreement or any other First Lien Obligations or Second Lien Obligations (in each case, a “Predecessor Lien”), the Company or such Guarantor shall, within 30 days of the creation, incurrence or assumption of the Predecessor Lien, grant at least a second-priority Lien, upon such property or asset as security for the Securities and the Guarantees pursuant to this Indenture.
In addition, if the Company or any Guarantor, directly or indirectly, creates, incurs or assumes any Lien securing the ABL Credit Agreement or any other First Lien Obligations or Second Lien Obligations (in each case, a “Predecessor Lien”), the Company or such Guarantor shall, within 30 days of the creation, incurrence or assumption of the Predecessor Lien, grant at least a second-priority Lien, upon such property or asset as security for the Notes and the Guarantees pursuant to this Indenture.
More Definitions of Second Lien Obligations
Second Lien Obligations means Second Lien Debt and all other Obligations in respect thereof.
Second Lien Obligations shall include all interest accrued or accruing (or which would, absent commencement of an Insolvency or Liquidation Proceeding, accrue) after commencement of an Insolvency or Liquidation Proceeding in accordance with the rate specified in the relevant Second Lien Loan Document whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding.
Second Lien Obligations shall have the meaning set forth in the Intercreditor Agreement.
Second Lien Obligations means the “Secured Obligations” as defined in the Second Lien Security Agreement.
Second Lien Obligations shall in any event include: (a) all interest accrued or accruing (or which would, absent commencement of an Insolvency or Liquidation Proceeding (and the effect of provisions such as Section 502(b)(2) of the Bankruptcy Code), accrue) on or after commencement of an Insolvency or Liquidation Proceeding in accordance with the rate specified in the relevant Second-Lien Notes Document whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding, (b) any and all fees and expenses (including attorneys’ and/or financial consultants’ fees and expenses) incurred by the Second-Lien Collateral Agent and the Second-Lien Creditors on or after the commencement of an Insolvency or Liquidation Proceeding, whether or not the claim for fees and expenses is allowed under Section 506(b) of the Bankruptcy Code or any other provision of the Bankruptcy Code or Bankruptcy Law as a claim in such Insolvency or Liquidation Proceeding, and (c) all obligations and liabilities of each Grantor under each Second-Lien Notes Document to which it is a party which, but for the automatic stay under Section 362(a) of the Bankruptcy Code, would become due.
Second Lien Obligations means all Obligations outstanding under the Second-Lien Notes Indenture and the other Second-Lien Notes Documents. “Second-Lien Obligations” shall in any event include: (a) all interest accrued or accruing (or which would, absent commencement of an Insolvency or Liquidation Proceeding (and the effect of provisions such as Section 502(b)(2) of the Bankruptcy Code), accrue) on or after commencement of an Insolvency or Liquidation Proceeding in accordance with the rate specified in the relevant Second-Lien Notes Document whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding, (b) any and all fees and expenses (including attorneys’ and/or financial consultants’ fees and expenses) incurred by the Second-Lien Collateral Agent and the Second-Lien Creditors on or after the commencement of an Insolvency or Liquidation Proceeding, whether or not the claim for fees and expenses is allowed under Section 506(b) of the Bankruptcy Code or any other provision of the Bankruptcy Code or Bankruptcy Law as a claim in such Insolvency or Liquidation Proceeding, and (c) all obligations and liabilities of each Grantor under each Second-Lien Notes Document to which it is a party which, but for the automatic stay under Section 362(a) of the Bankruptcy Code, would become due.
Second Lien Obligations means any principal (including reimbursement obligations with respect to letters of credit whether or not drawn), interest (including all interest accrued thereon after the commencement of any Insolvency or Liquidation Proceeding at the rate, including any applicable post-default rate, specified in the Second Lien Documents, even if such interest is not enforceable, allowable or allowed as a claim in such proceeding), premium (if any), fees, indemnifications, reimbursements, expenses, damages and other liabilities payable under the documentation governing any Second Lien Debt.