Common use of Consent by the Second Lien Lenders Clause in Contracts

Consent by the Second Lien Lenders. Prospect Hospital Advisory Services, Inc., a Prospect subsidiary, presently owns a minority interest in ▇▇▇▇▇▇▇ Medical Center, Inc. (“▇▇▇▇▇▇▇”). In connection with ▇▇▇▇▇▇▇’▇ exit from current bankruptcy proceedings and as part of a plan of reorganization for ▇▇▇▇▇▇▇, the Borrowers placed certain amounts with the U.S. Bankruptcy Court for the Central District of California, Los Angeles Division, in an attempt to purchase additional equity in ▇▇▇▇▇▇▇. Should the Borrowers prevail, the Borrowers’ resulting ownership interest could approach 70% or more.