Third Lien Note Holders definition
Examples of Third Lien Note Holders in a sentence
As a condition to any Person becoming a successor Third Lien Collateral Agent, the Third Lien Note Holders shall cause such successor Third Lien Collateral Agent to promptly execute a counterpart to this Agreement.
As a condition to any Person becoming a Third Lien Note Holder, each Third Lien Note Holder shall cause its respective successors or assigns that become Third Lien Note Holders subsequent to the date hereof to promptly execute a counterpart to this Agreement.
In the event any Spinco Assets Net Proceeds are received by Parent or any of its subsidiaries, Parent or such subsidiary shall immediately transfer such proceeds, in the form received and free and clear of Liens (other than Liens in favor of the Third Lien Collateral Agent to secure the Spinco Third Lien Obligations), to the Spinco Dispositions Proceeds Account on behalf of the Spinco Third Lien Note Holders.
All of the Third Lien Note Holders hereby appoint the Third Lien Collateral Agent, and any officer or agent of the Third Lien Collateral Agent, with full power of substitution, the attorney-in-fact of each Third Lien Note Holder for the purpose of carrying out the provisions of this Section 4.02 and taking any action and executing any instrument necessary or advisable to accomplish the purposes of this Section 4.02, which appointment is irrevocable and coupled with an interest.