Second Lien Term Lenders definition

Second Lien Term Lenders means the lenders from time to time party to the Second Lien Term Loan Facility.
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Second Lien Term Lenders means any Person or Entity party to the Second Lien Credit Agreement as “Lender” thereunder.
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Second Lien Term Lenders means the lenders from time to time party to
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Examples of Second Lien Term Lenders in a sentence

  • What is more, because of the Conveying Subsidiaries’ grants of liens to First and Second Lien Term Lenders, they were left with no unencumbered assets with which to procure capital independent of TOUSA.

  • To the extent the Second Lien Term Loan Claims are not fully satisfied thereby, the Second Lien Term Lenders shall have Deficiency Claims in the amount of $100 million, which represents the outstanding balance of their Second Lien Term Loan Claims as of the Petition Date.

  • Any Second Lien Term Loan Claims or Deficiency Claims of the Second Lien Term Lenders are subordinate to the First Lien Term Loan Claims and the Deficiency Claims of the First Lien Term Lender Parties.

  • Reimburse the ENGINEER monthly for required services according to negotiated and agreed contract, not to exceed the following percentages based on the state of the project.

  • Exit Term Facility: On the Effective Date, the Reorganized Debtors shall enter into a new $60 million term loan facility (the “Exit Term Facility”) to be provided by the Consenting Second Lien Term Lenders, or a subset thereof (collectively, the “Exit Term Lenders”), and Cortland Capital Market Services LLC, as administrative agent and collateral agent (the “Exit Term Agent”).

  • On the Effective Date, the operating agreement for the Reorganized Borrower shall be amended to reflect the foregoing (and shall be in form and substance satisfactory to the Consenting Second Lien Term Lenders).

  • On the Effective Date, all right, title and interest in, to and under the Residual Assets shall vest in the Term Lender Liquidating LLC, and the Term Lender Liquidating LLC, which Residual Assets shall remain subject to the Lien of the First Lien Agent for the benefit of the First Lien Term Lender Parties and the Term Lender Liquidating LLC shall be deemed the Liquidating Trust Beneficiary for the First Lien Term Lender Parties and the Second Lien Term Lenders.

  • On the Effective Date, each of the Second Lien Term Lenders shall (i) be admitted as a Class B Member (as defined in the Liquidating LLC Agreement) of the Term Lender Liquidating LLC, (ii) become bound by the Liquidating LLC Agreement, and (iii) receive a Class B Interest (as defined in the Liquidating LLC Agreement) conferring membership in the Term Lender Liquidating LLC and representing the rights conferred on such holder under the Plan.

  • The Company shall promptly respond to questions from the Second Lien Term Agent (acting at the direction of Required Consenting Second Lien Term Lenders) regarding any oral communications addressing such matters.

  • The conditions precedent to the confirmation of the Plan and the Effective Date set forth in Section 9.1 of the Plan may be waived in writing by the Debtors, the Requisite First Lien Term Lenders, the Requisite Second Lien Term Lenders, and the Requisite Sponsor Second Lien Term Lenders without leave of or order of the Bankruptcy Court.QQ.


More Definitions of Second Lien Term Lenders

Second Lien Term Lenders. “Second-Lien Term Loans,” “Second-Lien Termination Date,” “Specified MLP Assets,” “Subject Acquisition Closing Date,” “Three Year Strip Price,” “Total Debt” and “Total Secured Debt” in appropriate alphabetical order:
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Second Lien Term Lenders has the meaning given to the term “Lenders” (or comparable term) in the Second-Lien Credit Agreement.
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Second Lien Term Lenders and “Second-Lien Termination Date” in appropriate alphabetical order:
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Second Lien Term Lenders means a lender having a commitment or credit exposure under the Second Lien Term Loan Credit Agreement.
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Second Lien Term Lenders shall have the meaning assigned to such term in the second WHEREAS paragraph hereof.
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Related to Second Lien Term Lenders

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

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

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

  • Required Term Loan Lenders means, at any date, Non-Defaulting Lenders having or holding a majority of the sum of (i) the Adjusted Total Term Loan Commitment at such date and (ii) the aggregate outstanding principal amount of the Term Loans (excluding Term Loans held by Defaulting Lenders) at such date.

  • Requisite Term Loan Lenders shall in no event mean less than two Term Loan Lenders.

  • Required Term Lenders means, as of any date of determination, Term Lenders holding more than 50% of the Term Facility on such date; provided that the portion of the Term Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term Lenders.

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

  • 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.

  • Term Lenders means those Lenders having Term Loan Commitments.

  • Term Loan Lenders means the “Lenders” under and as defined in the Term Loan Credit Agreement.

  • Refinancing Term Lender has the meaning specified in Section 2.15(c).

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • New Term Loan Lender shall have the meaning provided in Section 2.14(c).

  • Majority Term Lenders at any time, (a) if only one Term Lender holds the Term Loan, such Term Lender; and (b) if more than one Term Lender holds the Term Loan, at least two Term Lenders who hold more than 50% of the principal sum of all Term Loans outstanding; provided that the portion of the Term Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Term Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

  • Tranche B Term Lender means a Lender with a Tranche B Term Commitment or an outstanding Tranche B Term Loan.

  • Incremental Term Lenders (a) on any Increased Facility Activation Date relating to Incremental Term Loans, the Lenders signatory to the relevant Increased Facility Activation Notice and (b) thereafter, each Lender that is a holder of an Incremental Term Loan.

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Tranche A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

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

  • Incremental Lenders has the meaning set forth in Section 2.14(c).

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • New Term Lender a Lender that has a New Term Loan.

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).

  • Term Loan Lender means a Lender with a Term Loan Commitment or an outstanding Term Loan.

  • Term Lender means, at any time, any Lender that has a Term Commitment or a Term Loan at such time.