Examples of Second Lien Agents in a sentence
Nothing in this Agreement shall impair, as between the Company and the First Lien Agents and the First Lien Claimholders, or as between the Company and the Second Lien Agents and the Second Lien Claimholders, the obligations of the Company to pay principal, interest, fees and other amounts as provided in the First Lien Loan Documents and the Second Lien Loan Documents, respectively.
Befesa is authorised to issue certificates of completion under Basel Convention regulations.
The following guidance is part of a suite of documents that should be read and implemented in conjunction with the British Gymnastics Health & Safety Management System & Guidance.
Upon the Discharge of First Lien Obligations, the First Lien Collateral Agent shall deliver to the Second Lien Collateral Agent any Shared Collateral and Proceeds of Shared Collateral held by it in the same form as received, with any necessary endorsements to be applied by the Second Lien Agents to the Second Lien Obligations in such order as specified in the Second Lien Loan Documents or as a court of competent jurisdiction may otherwise direct.
The Second Lien Agent agrees not to vote for any plan of reorganization that does not provide for the prior payment in full of the First Lien Obligations or otherwise vote its claims or interests in any Insolvency Proceeding (including voting for, or supporting, confirmation of any plans of reorganization) in a manner that would be inconsistent with the Second Lien Agent's covenants and agreements contained herein.
From and after the Effective Date, the Second Lien Agents will have no duties or obligations under the Second Lien Loan Documents other than to make Distributions.4.7. Post-Effective Date Officers and Directors of Reorganized Ahern.4.7.1. On the Effective Date, the initial board of directors of Reorganized Ahern shall include the five (5) individuals serving on Debtor’s Board of Directors on the Confirmation Date.
The Second Lien Agents, on behalf of themselves and the Second Lien Claimholders, hereby waive any right they may have under applicable law to revoke this Agreement or any of the provisions of this Agreement.
The Second Lien Agents, on behalf of themselves and the Second Lien Claimholders, assent to any extension or postponement of the time of payment, subject to Section 5.3(a)(3), of the First Lien Obligations or any part thereof and to any other indulgence with respect thereto, to any substitution, exchange or release of any security which may at any time secure any part of the First Lien Obligations and to the addition or release of any other Person primarily or secondarily liable therefor.
It would be improper to disgorge the fees paid by TOUSA, Inc., because the Second Lien Agent's and Lenders' liens are valid as to that entity and it is the only source ofadequate protection payments under the Cash Collateral Order.
This Agreement shall be binding upon the First Lien Agents, the First Lien Claimholders, the Second Lien Agents, the Second Lien Claimholders and their respective successors and assigns.