Examples of Second Lien Term Loan Facility in a sentence
In accordance with section 1141 of the Bankruptcy Code, all Secured Creditor Trust Assets shall automatically vest in the Secured Creditor Trust free and clear of all Claims and Liens, other than Permitted Claims and Liens under the Second Lien Term Loan Facility and the Claims and Liens of the Second Lien Agent, Holders of Class III Claims and Bank of America, N.A..
The Second Lien Term Loan Facility bears interest at a rate of 12.5 percent per annum and matures in October 2020.
As part of the exchange, each exchanging holder of the Second Lien Term Loan Facility was deemed to consent to certain amendments to the Second Lien Credit Agreement that eliminated substantially all of the restrictive covenants and events of default.
The Company’s obligations under the Second Lien Term Loan Facility are secured by junior second priority liens upon and security interests in the same collateral securing the obligations under the First Lien Term Loan Facility.
TOE stores records of important events as stated in PRA Messaging Protocol Document [5] and transmits to PRA-IS in PRA Messaging Protocol format in a secure way.