Examples of Second Lien Lender in a sentence
Bank shall have no liability in the event Company breaches this covenant to either the First Lien Lender or the Second Lien Lender.
Prior to the Activation Period, Company may operate and transact business through the Blocked Accounts in its normal fashion, including making withdrawals from the Blocked Accounts, but covenants to both First Lien Lender and Second Lien Lender that it will not close the Blocked Accounts.
Second Lien Lender hereby acknowledges that First Xxxx Xxxxxx has a first and prior security interest in and lien upon the Blocked Accounts and the Receipts.
Until Second Lien Lender and Bank receive the First Lien Termination Notice as set forth in Section 11 below, Second Lien Lender hereby agrees that it shall not deliver any directions or instructions (whether written or oral) to Bank with respect to any Blocked Account.
The Agreement shall remain in effect until you are in receipt of notices in the form hereof from both the First Lien Lender and the Second Lien Lender.