First Lien Loan Documents Clause Samples
The 'First Lien Loan Documents' clause defines and identifies the set of legal agreements and instruments that govern a lender's first-priority security interest in a borrower's assets. This clause typically specifies which documents are included, such as the credit agreement, security agreement, and any related collateral documents, and clarifies that these documents collectively establish the terms and conditions of the first lien. Its core practical function is to ensure clarity regarding which documents control the first lien position, thereby reducing ambiguity and potential disputes over priority among creditors.
First Lien Loan Documents. (a) As of the Closing Date, the Borrower has delivered to the Administrative Agent a complete and correct copy of the First Lien Loan Documents (including all schedules, exhibits, amendments, supplements, modifications, assignments and all other documents delivered pursuant thereto or in connection therewith).
First Lien Loan Documents. (i) The Administrative Agent shall have received executed copies of the First Lien Loan Documents, which shall be reasonably satisfactory to the Administrative Agent and shall be subject to the Intercreditor Agreement.
(ii) The Administrative Agent shall have received evidence, in form and substance satisfactory to the Administrative Agent that, substantially simultaneously with the initial Credit Extension hereunder, the First Lien Credit Agreement shall have been executed and delivered.
First Lien Loan Documents the First Lien Credit Agreement, each note, guarantee, security agreement, mortgage, deed of trust, and each certificate, agreement, instrument, waiver, consent or document executed by a Loan Party and delivered to the First Lien Lender or any financial institution party thereto as a lender in connection with or pursuant to any of the foregoing, in each case, as the same may be amended, supplemented, replaced or otherwise modified from time to time as permitted by this Agreement and the Intercreditor Agreement.
First Lien Loan Documents. The Agent (for delivery to the Holders) shall have received certified copies of the First Lien Credit Agreement and, to the extent requested by the Requisite Holders, any other First Lien Loan Documents, in each case including all amendments thereto, fully executed by all parties thereto, each of which shall be in form and substance reasonably satisfactory to the Requisite Holders.
First Lien Loan Documents. Notwithstanding anything herein to the contrary, the Borrower and the other Loan Parties shall execute and deliver to the Administrative Agent, for the benefit of the Secured Parties, mortgages, charges, deeds of trust, deposit account control agreements, collateral access agreements and other security documents to the extent provided to the First Lien Administrative Agent or executed in respect of the First Lien Obligations (as defined in the Intercreditor Agreement).
First Lien Loan Documents. Agent shall have received a fully executed copy of each of the First Lien Loan Documents, certified to be true, correct and complete as of the Closing Date by a Responsible Officer of Borrower, and such First Lien Loan Documents shall be in form and substance satisfactory to Agent and the Lenders and shall be in full force and effect.
First Lien Loan Documents. (a) [Reserved]
(b) Unless otherwise permitted pursuant to the Intercreditor Agreement, amend, modify or change in any manner adverse to the interests of the Lenders any term or condition of any First Lien Loan Documents without the consent of the Administrative Agent.
First Lien Loan Documents. As of the Closing Date, (a) Borrowers have delivered to Agent true and correct copies of any First Lien Loan Documents, each of which is in full force and effect, and (b) Borrowers have received the proceeds of the First Lien Loan Indebtedness. The execution, delivery and performance of the First Lien Loan Documents do not and will not require any registration with, consent or approval of, or notice to, or other action with or by, any Governmental Authority, other than consents or approvals that have been obtained and that are still in full force and effect.
First Lien Loan Documents. Notwithstanding anything to the contrary herein, the Borrower will not enter into, modify, amend, refinance, supplement, increase, restate or waive any right (including consenting to any assignment) or obligation under, the First Lien Credit Agreement, or any other First Lien Loan Document (each, an “First Lien Modification”), without the prior written consent of the Administrative Agent if such First Lien Modification would contravene the provisions of the Intercreditor Agreement.
First Lien Loan Documents. Each of the First Lien Loan Documents constitutes the valid and binding obligation of the applicable Credit Parties, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, and moratorium laws and other laws affecting creditors’ rights generally and by general principles of equity regardless of whether considered in a proceeding in equity or at law. The Credit Parties have no knowledge that any of the representations and warranties contained in any of the First Lien Loan Documents were not true and correct in all material respects on and as of the date given or, except as consented to by the Lender in writing or otherwise disclosed in writing to the Lender prior to the Loan B Closing Date, that any of the material terms thereof have been modified, amended or waived other than as permitted under Section 7.18.