Examples of Additional First Lien Debt in a sentence
Bernanke, Macroeconomics, Pearson Education, Inc., 7th edition, 2011 J.B Hall and R.E.Taylor.
Without limiting the generality of the foregoing, the issuance of any Additional First Lien Debt shall not be construed as a waiver of any Default, regardless of whether the Notes Collateral Agent or any Secured Party may have had notice or knowledge of such Default at the time.
Each Collateral Agent, on behalf of itself and each First Lien Secured Party under the applicable Credit Agreement, Indenture or Additional First Lien Debt Facility, agrees that it will take such further action and shall execute and deliver such additional documents and instruments (in recordable form, if requested) as the other parties hereto may reasonably request to effectuate the terms of, and the Lien priorities contemplated by, this Agreement.
Similarly, the Ad Hoc Group of Second Lien Noteholders has agreed that, in the Debtors' sole discretion, in partial satisfaction of their Claims, the Second Lien Noteholders may receive $450 million in cash, $450 million of first lien debt on the same terms as the Exit Facility (the "Additional First Lien Debt") or $450 million of new second lien notes (the "New Second Lien Notes") on the material terms and conditions set forth on Exhibit I.A.140.
Each Secured Party agrees that Article 11 of the Initial First Lien Indenture (and any Equivalent Provision in any Additional First Lien Debt Agreement) and Article 11 of the Initial Second Lien Indenture (and any Equivalent Provision in any Additional Second Lien Debt Agreement) shall each apply mutatis mutandis, as though set out in full herein and such references therein to the “Collateral Agent” shall mean the International Security Agent.