Examples of Additional Second Lien Debt in a sentence
The Intercreditor Agreement shall be in full force and effect, no party thereto shall be in breach of any of the provisions thereof and the New Notes shall have been designated as and shall in all respects constitute Additional Second Lien Debt subject to the terms of the Intercreditor Agreement as Additional Second Lien Debt.
To the extent, but only to the extent, permitted by the provisions of the First Lien Loan Documents and the Second Lien Debt Documents in effect at the time of such incurrence, any Grantor may incur or issue and sell one or more series or classes of Additional First Lien Debt and one or more series or classes of Additional Second Lien Debt.
This Designation is being executed and delivered in order to designate additional secured Obligations of the Company and the grantors as Additional Second Lien Debt entitled to the benefit of and subject to the terms of the Intercreditor Agreement.
To the extent, but only to the extent, permitted by the provisions of the First Lien Loan Documents and the Second Lien Note Documents, any Grantor may incur or issue and sell one or more series or classes of Additional First Lien Debt and one or more series or classes of Additional Second Lien Debt.
Each Lender hereby authorizes and directs Agent to treat such Debt as Additional Second Lien Debt pursuant to the Intercreditor Agreement on behalf of such Xxxxxx and agrees that Agent, in its capacity thereunder, may take such actions on its behalf as is contemplated by the terms of the Intercreditor Agreement in respect of such Debt.