Common use of Nature of First Lien Obligations Clause in Contracts

Nature of First Lien Obligations. The Second Lien Administrative Agent, for itself and on behalf of the other Second Lien Claimholders, acknowledges that (a) a portion of the First Lien Obligations are revolving in nature, (b) subject to succeeding clause (d), the amount of such revolving First Lien Obligations that may be outstanding at any time or from time to time may be increased or reduced and subsequently reborrowed, (c) the terms of the First Lien Obligations may be modified, extended or amended from time to time, and (d), subject to the limitations on the aggregate principal amount of First Lien Obligations set forth in the definition of “First Lien Obligations” and Section 5.3, the aggregate amount of the First Lien Obligations may be increased or Refinanced, in either event, without notice to or consent by the Second Lien Claimholders and without affecting the provisions hereof. Subject to the limitations on the aggregate principal amount of First Lien Obligations set forth in the definition of “First Lien Obligations” and Section 5.3. the lien priorities provided in Sections 2.1 and 2.2 shall not be altered or otherwise affected by any such amendment, modification, supplement, extension, repayment, reborrowing, increase, replacement, renewal, restatement or Refinancing of either the First Lien Obligations or the Second Lien Obligations, or any portion thereof. CHARl\1175377v2

Nature of First Lien Obligations. The Second Lien Administrative Agent, for itself and on behalf of the other Second Lien ClaimholdersSecured Parties, acknowledges that that, subject to the limitations on the aggregate principal amount of First Lien Obligations set forth in the definition of “First Lien Obligations” and Section 5.3, (a) a portion of the First Lien Obligations are revolving in nature, (b) subject to succeeding clause (d), the amount of such revolving First Lien Obligations that may be outstanding at any time or from time to time may be increased or reduced and subsequently reborrowed, (c) the terms of the First Lien Obligations may be modified, extended or amended from time to time, time and (d), subject to the limitations on the aggregate principal amount of First Lien Obligations set forth in the definition of “First Lien Obligations” and Section 5.3, ) the aggregate amount of the First Lien Obligations may be increased or RefinancedRefinanced (in accordance with the terms hereof and the First Lien Loan Documents), in either event, without notice to or consent by the Second Lien Claimholders Secured Parties and without affecting the provisions hereof. Subject to the limitations on the aggregate principal amount of First Lien Obligations set forth in the definition of “First Lien Obligations” and Section 5.3. , the lien priorities provided in Sections 2.1 and 2.2 shall not be altered or otherwise affected by any such amendment, modification, supplement, extension, repayment, reborrowing, increase, replacement, renewal, restatement or Refinancing of either the First Lien Obligations or the Second Lien Obligations, or any portion thereof. CHARl\1175377v2.

Nature of First Lien Obligations. The Each Second Lien Administrative AgentAuthorized Representative, for itself and on behalf of the other itself and its Second Lien ClaimholdersSecured Parties, acknowledges that (a) a portion of the First Lien Obligations are is revolving in nature, (b) subject to succeeding clause (d), nature and that the amount of such revolving First Lien Obligations thereof that may be outstanding at any time or from time to time may be increased or reduced and subsequently reborrowed, (cb) the terms of the First Lien Documents and the First Lien Obligations may be amended, supplemented or otherwise modified, extended and the First Lien Obligations, or amended a portion thereof, may be Refinanced from time to time, time and (d), subject to the limitations on the aggregate principal amount of First Lien Obligations set forth in the definition of “First Lien Obligations” and Section 5.3, c) the aggregate amount of the First Lien Obligations may be increased or Refinancedincreased, in either eventeach case, without notice to or consent by the any Second Lien Claimholders Authorized Representative or Second Lien Secured Party and without affecting the provisions hereof. Subject to the limitations on the aggregate principal amount of First The Lien Obligations set forth in the definition of “First Lien Obligations” and Section 5.3. the lien priorities provided for in Sections 2.1 and 2.2 Section 2.01 shall not be altered or otherwise affected by any such amendment, supplement or other modification, supplementor any Refinancing, extension, repayment, reborrowing, increase, replacement, renewal, restatement or Refinancing of either the First Lien Obligations or the Second Lien Obligations, or any portion thereof. CHARl\1175377v2As between the Parent, the Borrower and the other Grantors and the Second Lien Secured Parties, the foregoing provisions will not limit or otherwise affect the obligations of the Parent, the Borrower and the other Grantors contained in any Second Lien Document with respect to the incurrence of additional First Lien Obligations.

Nature of First Lien Obligations. The Second Lien Administrative Collateral Agent, for itself and on behalf of the other itself and each Second Lien ClaimholdersSecured Party, acknowledges that (a) a portion of the First Lien Obligations are is revolving in nature, (b) subject to succeeding clause (d), nature and that the amount of such revolving First Lien Obligations thereof that may be outstanding at any time or from time to time may be increased or reduced and subsequently reborrowed, (cb) the terms of the First Lien Documents and the First Lien Obligations may be amended, supplemented or otherwise modified, extended and the First Lien Obligations, or amended a portion thereof, may be Refinanced from time to time, time and (d), subject to the limitations on the aggregate principal amount of First Lien Obligations set forth in the definition of “First Lien Obligations” and Section 5.3, c) the aggregate amount of the First Lien Obligations may be increased or Refinancedincreased, in either eventeach case, without notice to or consent by the Second Lien Claimholders Collateral Agent or the Second Lien Secured Parties and without affecting the provisions hereof. Subject to the limitations on the aggregate principal amount of First The Lien Obligations set forth in the definition of “First Lien Obligations” and Section 5.3. the lien priorities provided for in Sections Section 2.1 and 2.2 shall not be altered or otherwise affected by any such amendment, supplement or other modification, supplementor any Refinancing, extension, repayment, reborrowing, increase, replacement, renewal, restatement or Refinancing of either the First Lien Obligations or the Second Lien Obligations, or any portion thereof. CHARl\1175377v2As between the Borrower and the other Grantors and the Second Lien Secured Parties, the foregoing provisions will not limit or otherwise affect the obligations of the Borrower and the Grantors contained in any Second Lien Document with respect to the incurrence of additional First Lien Obligations