Examples of Second Lien Trustee in a sentence
The Committee requested that the Second Lien Trustee agree to the same extension but such request was denied.
The Prepetition Second Lien Notes currently are in default, but the Prepetition Second Lien Trustee has not sought to accelerate.
Pursuant to that certain Intercreditor Agreement, dated as of May 11, 2011 (as amended, restated, supplemented or otherwise modified from time to time, the “ IntercreditorAgreement”) by and among Wells Fargo Bank, N.A., (as predecessor to the Prepetition First Lien Agent) and Wells Fargo Bank, N.A. (as predecessor to the Prepetition Second Lien Trustee), the Prepetition Second Liens are junior and subordinate to the Prepetition Senior Liens.
MidFirst Bank also is party to an intercreditor agreement with the Second Lien Trustee, as described further below.
In the case of any distribution or payment by the Debtors under a chapter 11 plan or otherwise in a reorganization or other insolvency proceeding, theSubordinated PIK Note Indenture provides that such payment or distribution be made or turned over to the Second Lien Trustee unless and until the Second Lien Indebtedness has been indefeasibly paid in full.