Second Lien Loans definition

Second Lien Loans means “Loans” under and as defined in the Second Lien Credit Agreement.

Second Lien Loans. With respect to each Second Lien Loan:

Second Lien Loans means floating rate corporate loans with a secured interest in the assets of the borrower that is second in priority to Senior Loans.

Examples of Second Lien Loans in a sentence

• The Mortgage (other than Mortgages related to Second Lien Loans) obligates the Mortgagor thereunder to maintain all such insurance policies at the Mortgagor’s cost and expense, and on the Mortgagor’s failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Xxxxxxxxx’s cost and expense, and to seek reimbursement therefor from the Mortgagor.

• The Note and Mortgage (exclusive of any riders), except with respect to Second Lien Loans, are on forms similar to those used by or acceptable to the applicable Agency, FHA, VA or HUD, as applicable, and Seller has not made any representations to a Mortgagor that are inconsistent with the mortgage instruments used.

• All individual insurance policies (other than individual insurance policies relating to Second Lien Loans) contain a standard mortgagee clause naming Xxxxxx and its successors and assigns as mortgagee, and all premiums due and owing thereon have been paid.

• All individual insurance policies (other than individual insurance policies relating to Second Lien Loans) contain a standard mortgagee clause naming the Seller and its successors and assigns as mortgagee, and all premiums due and owing thereon have been paid.

• On the Closing Date (after giving effect to the Transactions, including the making of the Second Lien Loans) immediately following the making of the Loans and after giving effect to the application of the proceeds of such Loans, the Borrower and the Restricted Subsidiaries on a consolidated basis will be Solvent.

More Definitions of Second Lien Loans

Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement.

Second Lien Loans shall have the meaning provided to the term “Loans” in the Second Lien Credit Agreement and any modification, replacement, refinancing, refunding, renewal, or extension thereof.

Second Lien Loans means the loans issued under the Second Lien Credit Agreement.

Second Lien Loans the loans outstanding under the Second Lien Credit Agreement.

Second Lien Loans the loans or advances outstanding under the Second Lien Documents.

Second Lien Loans means, collectively, all loans made pursuant to the Second Lien Credit Agreement.