Common use of Nature of First Lien Obligations Clause in Contracts

Nature of First Lien Obligations. The Second Lien Agent on behalf of itself and the other Second Lien Secured Parties acknowledges that all or a portion of the First Lien Obligations are revolving in nature and that the amount thereof that may be outstanding at any time or from time to time may be increased or reduced and subsequently reborrowed, and that subject to Section 6.2 the terms of the First Lien Obligations may be modified, extended or amended from time to time, and that the aggregate amount of the First Lien Obligations may be increased, replaced or refinanced, in each event, without notice to or consent by the Second Lien Secured Parties and without affecting the provisions hereof. The Lien priorities provided in Section 2.1 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 part thereof.

Nature of First Lien Obligations. The Second Lien Agent Collateral Agent, for itself and on behalf of itself and each of the other Second Lien Secured Parties Parties, acknowledges that all or (a) a portion of the First Lien Obligations are may be revolving in nature and that nature, (b) the amount thereof that may be outstanding at any time or from time to time may be increased or reduced and subsequently reborrowed, and that (c) subject to Section 6.2 the terms limitations on the maximum aggregate amount of the First Lien Obligations may be modifiedset forth in Section 5.3, extended or amended from time to time, and that the aggregate amount of the First Lien Obligations may be increased, replaced increased or refinancedRefinanced, in each either event, without notice to or consent by of the Second Lien Secured Parties and without affecting the provisions hereof. The Lien lien priorities provided in Section 2.1 shall not be altered or otherwise affected by any such amendment, modification, supplement, extension, repayment, reborrowing, increase, replacement, renewal, restatement or refinancing Refinancing of either any of the First Lien Obligations or the Second Lien Obligations, or any part portion thereof.

Nature of First Lien Obligations. The Second Lien Collateral Agent (for itself and on behalf of itself and the other Second Lien Secured Parties Claimholders) acknowledges that all or a portion of (a) the First Lien Obligations are revolving in nature and that nature, (b) the amount thereof that may be outstanding at any time or from time to time may be increased or reduced and subsequently reborrowed, reborrowed and that subject to Section 6.2 (c) the terms of the First Lien Obligations may be modified, extended or amended from time to time, time and that the aggregate amount of the First Lien Obligations may be increased, replaced increased or refinancedRefinanced, in each either event, without notice to or consent by the Second Lien Secured Parties Claimholders and without affecting the provisions hereof. The Lien lien priorities provided in Section 2.1 Sections 2.01 and 2.02 shall not be altered or otherwise affected by any such amendment, modification, supplement, extension, repayment, reborrowing, increase, replacement, renewal, restatement or refinancing Refinancing of either the First Lien Obligations or the Second Lien Obligations, or any part portion thereof.

Nature of First Lien Obligations. The Second Lien Agent Trustee on behalf of itself and the other Second Lien Secured Parties Creditors acknowledges that all or a portion of the First Lien Obligations are revolving in nature and that the amount thereof that may be outstanding at any time or from time to time may be increased or reduced and subsequently reborrowed, and that subject to Section 6.2 the terms of the First Lien Obligations may be modified, extended or amended from time to time, and that the aggregate amount of the First Lien Obligations may be increased, replaced or refinanced, in each event, without notice to or consent (except as provided in Section 6.1 hereof) by the Second Lien Secured Parties Creditors and without affecting the provisions hereof. The Lien priorities provided in Section 2.1 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 part thereof.