Third Lien Agent definition
Examples of Third Lien Agent in a sentence
The parties hereto hereby agree that the Third Lien Agent shall be entitled to all of the rights, protections, privileges, indemnities and immunities afforded to it and the Trustee under the Indenture in connection with its execution of this Agreement and performance of its obligations hereunder.
From and after the Assignment Date, (a) the New Agent shall be deemed for all purposes to replace the Senior Agent, the Second Lien Agent, the Third Lien Agent and the Collateral Agent under the Existing Loan Documents and (b) the New Agent shall be deemed for all purposes to have assumed all obligations of Senior Agent, the Second Lien Agent, the Third Lien Agent and the Collateral Agent under the Existing Loan Documents.
Upon receipt of the Purchase Price, the Senior Agent, Second Lien Agent or the Third Lien Agent (as applicable) will promptly pay to each Existing Lender such Existing Lender’s pro rata share of the Purchase Price.
Nothing in this Agreement or any other Security Document shall affect any right that the Trustee, the Third Lien Agent or any Third Lien Secured Party may otherwise have to bring any action or proceeding relating to this Agreement or any other Security Document against any Grantor or its properties in the courts of any jurisdiction.
Without limiting the generality of the foregoing, each of the ABL Agent, Term Loan Agent, and Third Lien Agent are express third party beneficiaries of this Agreement.