Common use of Second Lien Standstill Period Clause in Contracts

Second Lien Standstill Period. In relation to a Relevant Second Lien Default, a Second Lien Standstill Period shall mean the period beginning on the date (the "Second Lien Standstill Start Date") the relevant Second Lien Creditor Representative serves a Second Lien Enforcement Notice on each of the Senior Agents in respect of such Relevant Second Lien Default and ending on the earliest to occur of:

Appears in 2 contracts

Samples: Intercreditor Agreement (Paysafe LTD), Intercreditor Agreement (Paysafe LTD)

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Second Lien Standstill Period. In relation to a Relevant Second Lien Default, a Second Lien Standstill Period shall mean the period beginning on the date (the "Second Lien Standstill Start Date") the relevant Permitted Second Lien Creditor Representative serves a Second Lien Enforcement Notice on each of the Senior Agents in respect of such Relevant Second Lien Default and ending on the earliest to occur of:

Appears in 1 contract

Samples: Project Albion Intercreditor Agreement

Second Lien Standstill Period. In relation to a Relevant Second Lien Default, a Second Lien Standstill Period shall mean the period beginning on the date (the "Second Lien Standstill Start Date") the relevant Second Lien Creditor Representative Agent serves a Second Lien Enforcement Notice on each of the Senior Agents and the Security Agent in respect of such Relevant Second Lien Default and ending on the earliest to occur of:

Appears in 1 contract

Samples: Intercreditor Agreement

Second Lien Standstill Period. In relation to a Relevant Second Lien Default, a Second Lien Standstill Period shall mean the period beginning on the date (the "Second Lien Standstill Start Date") the relevant Second Lien Creditor Representative Agent serves a Second Lien Enforcement Notice on each of the Senior Agents in respect of such Relevant Second Lien Default and ending on the earliest to occur of:

Appears in 1 contract

Samples: Intercreditor Agreement (Paysafe LTD)

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Second Lien Standstill Period. In relation to a Relevant Second Lien Default, a Second Lien Standstill Period shall mean the period beginning on the date (the "Second Lien Standstill Start Date") the relevant Second Lien Creditor Representative Agent serves a Second Lien Enforcement Notice on each of the Revolving Agent and the Senior Agents in respect of such Relevant Second Lien Default and ending on the earliest to occur of:

Appears in 1 contract

Samples: Intercreditor Agreement

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