Second Priority Secured Creditors definition
Examples of Second Priority Secured Creditors in a sentence
This Agreement is solely for the purpose of defining the relative rights and priorities of the parties hereto and that of the First Priority Secured Creditors and the Second Priority Secured Creditors and their respective successors and assigns with respect to the Collateral, and no other person, firm, entity or corporation shall have any right, benefit, priority or interest under, or because of the existence of, this Agreement.
No. ▇▇▇.▇▇▇.▇▇▇▇ BANK OF AMERICA, N.A., as Existing Second Priority Representative for and on behalf of the Existing Second Priority Secured Creditors By: Name: Title: Address for Notices: Attention of Account Officer – Hayward Industries Address: ▇▇▇ ▇.
The Second Priority Agent, on behalf of the Second Priority Secured Creditors, confirms that as of the date hereof, the Second Priority Agent has not delivered a written notice of the acceleration of the Indebtedness outstanding under the Second Priority Debt Documents to the First Priority Agent and that the Second Lien Standstill Period has not commenced.
This Agreement shall be binding upon, and inure to the benefit of, the First Priority Secured Creditors and the Second Priority Secured Creditors and their respective successors and assigns regardless of whether such successors or assigns are signatories hereto.
No. 3▇▇.▇▇▇.▇▇▇▇ BANK OF AMERICA, N.A., as Existing Second Priority Representative for and on behalf of the Existing Second Priority Secured Creditors By: Name: Title: Address for Notices: Attention of Account Officer - Hayward Industries Address: 1▇▇ ▇.
All distributions made by the Applicable Collateral Agent pursuant to Section 3.01 shall be (subject to any decree of any court of competent jurisdiction) final (absent manifest error), and the Applicable Collateral Agent shall have no duty to inquire as to the application by the Administrative Agent of any amounts distributed to it for distribution to any First Priority Secured Obligations or to the Trustee of any amounts distributed to it for distribution to any Second Priority Secured Creditors.
Except as otherwise expressly specified in this Agreement, any such directions given by the First Priority Instructing Group or the Second Priority Instructing Group shall be binding on the First Priority Secured Creditors and the Second Priority Secured Creditors, respectively, for all purposes as described in this Section 7.