Third Lien Loan definition
Examples of Third Lien Loan in a sentence
Promptly following the occurrence of such event, any amendment, waiver, supplement, or other modification of any Third Lien Loan Document (accompanied by a true, correct and complete copy thereof).
The Assignor irrevocably consents to the service of any and all process in any such suit, action or proceeding arising out of or relating to this Assignment, any other Indenture Document or any other Third Lien Loan Document by the mailing of copies of such process to the Assignor at its address specified in Section 8 hereof.
All of the representations and warranties of the Credit Parties contained in the Third Lien Loan Documents are true and correct in all material respects (except where any such representation or warranty is already subject to a materiality standard, in which case such representation or warranty is true and correct in all respects) as of the Closing Date or, to the extent that any such representation or warranty relates solely to an earlier date, as of such earlier date.
This is a continuing agreement of lien subordination and the Senior Claimholders may continue, at any time and without notice to the Third Lien Representative or any other Third Lien Claimholder subject to the Third Lien Loan Documents, to extend credit and other financial accommodations and lend monies to or for the benefit of the Company or any Grantor constituting Senior Obligations in reliance hereon.
Except as expressly provided herein, each other Representative and Collateral Agent is acting in the capacity of Representative and Collateral Agent, respectively, solely for the Claimholders under the Senior Loan Documents or Third Lien Loan Documents for which it is the named Representative or Collateral Agent, as the case may be, in the applicable Joinder Agreement.
If any of the Senior Representatives, the Senior Collateral Agents, the Third Lien Representative or the Third Lien Collateral Agent resigns or is replaced pursuant to the Senior Loan Documents or the Third Lien Loan Documents, as applicable, its successor shall be deemed to be a party to this Agreement and shall have all the rights of, and be subject to all the obligations of, this Agreement.
Except as otherwise provided herein, the Third Lien Claimholders will be entitled to manage and supervise their respective loans and extensions of credit under the Third Lien Loan Documents in accordance with law and as they may otherwise, in their sole discretion, deem appropriate.
Except as otherwise provided herein, the Third Lien Claimholders will be entitled to manage and supervise their respective extensions of credit under the Third Lien Loan Documents in accordance with law and as they may otherwise, in their sole discretion, deem appropriate.
In any Insolvency or Liquidation Proceeding, the Third Lien Claimholders will not make any assertion to the contrary or object to the assertion that the claims and interests of the Senior Claimholders under the Senior Loan Documents are substantially different from the claims of the Third Lien Claimholders under the Third Lien Loan Documents.
Nothing in this Agreement is intended to or shall impair the obligations of the Company or any other Grantor, which are absolute and unconditional, to pay the Senior Obligations and the Third Lien Loan Documents as and when the same shall become due and payable in accordance with their terms.