Examples of Second Lien Term Loans in a sentence
Second Lien Term Loan Lenders The lenders party to the Second Lien Credit Agreement from time to time that hold Second Lien Term Loans.
The Lenders acknowledge that the Second Lien Term Loans and related obligations are secured by the Collateral (other than the Collateral securing only the German Term Loans), subject to the Intercreditor Agreement.
To request the initial Borrowing of Second Lien Term Loans, the Borrower shall notify the Administrative Agent of such request by telephone (i) in the case of a Eurodollar Borrowing, not later than 2:00 p.m., New York City time, two (2) Business Days before the date of the proposed Borrowing and (ii) in the case of an ABR Borrowing, not later than 10:00 a.m., New York City time, on the date of the proposed Borrowing.
Any partial prepayments of the Second Lien Term Loans pursuant to this Section 2.11 shall be applied at the direction of the Borrower.
Once repaid or prepaid, the Second Lien Term Loans may not be reborrowed.