Excess Second Lien Obligations means the aggregate principal amount of the Second Lien Obligations outstanding under the Second Lien Documents that is in excess of the Maximum Second Lien Principal Amount, and any accrued interest and recurring commitment and other similar fees to the extent, but only to the extent, attributable to such excess.
Excess Second Lien Obligations means any Obligations that would constitute Second Lien Obligations if not for the Second Lien Cap Amount.
Excess Second Lien Obligations means the sum of (a) the portion of the principal amount of the Notes outstanding under the Second Lien Documents in excess of the Second Lien Cap, plus (b) the portion of interest and fees on account of such portion of the Notes described in clause (a) of this definition.
Examples of Excess Second Lien Obligations in a sentence
In the event any Excess Second Lien Obligations remain unpaid after full payment of the First Lien Obligations (including all Excess First Lien Obligations), any remaining proceeds of Common Collateral shall be delivered to the Second Lien Agent for application to such Excess Second Lien Obligations in accordance with the terms of the Second Lien Documents.
In the event any Excess First Lien Obligations remain unpaid after full payment of the Second Lien Obligations (other than any Excess Second Lien Obligations), any remaining proceeds of Common Collateral shall be delivered to the First Lien Representative for application to such Excess First Lien Obligations in accordance with the terms of the First Lien Documents and the First Lien Intercreditor Agreement.
More Definitions of Excess Second Lien Obligations
Excess Second Lien Obligations means Second Lien Obligations constituting the aggregate outstanding principal amount of loans made pursuant to the Second Lien Loan Documents in excess of the Maximum Second Lien Facility Amount and any interest, fees or reimbursement obligations accrued on or with respect to such excess amounts.
Excess Second Lien Obligations means any Obligations that would constitute Second Lien Obligations if not for the Cap Amount applicable thereto.
Excess Second Lien Obligations means any Indebtedness and other obligations that would constitute Second Lien Priority Obligations but for the exclusion therefrom pursuant to the proviso in the definition of “Second Lien Obligations”.
Excess Second Lien Obligations means the sum of (a) the portion of the principal amount outstanding under the Second Lien Debt Documents in excess of the Second Lien Cap, plus (b) the portion of interest and fees on account of such portion of the loans described in clause (a) of this definition, plus (c) any default interest (but not any other interest) or loan fees, each arising from or related to a default and accruing or becoming due under the terms of the Second Lien Debt Documents on or after the commencement of any Insolvency Proceeding relating to any Grantor or any other Person to the extent that a claim for such default interest or loan fees is not allowable or allowed in such Insolvency Proceeding.
Excess Second Lien Obligations means the sum of (a) the portion of the principal amount of the notes in excess of the Second Lien Cap, plus (b) the portion of interest and fees on account of such portion of the loans described in clause (a) of this definition.
Excess Second Lien Obligations means Second Lien Obligations constituting (a) the aggregate outstanding principal amount of loans made
Excess Second Lien Obligations means the sum of (a) the aggregate outstanding principal amount of Second Lien Notes issued and outstanding pursuant to the Second Lien Documents (including capitalized interest) in excess of the Second Lien Cap Amount or any interest or fees accrued on or with respect to such excess principal amount, (b) any make-whole, prepayment or early termination fee payable pursuant to the Second Lien Documents, other than those provided for (and in the amounts set forth) in the Second Lien Documents on the date hereof, and (c) the aggregate amount of interest and fees, in each case, solely in respect of such Second Lien Notes constituting at the time of the accrual thereof Excess Second Lien Obligations. This Agreement does not constitute the consent by the First Lien Collateral Agent and/or any First Lien Claimholder to the incurrence or existence of any Excess Second Lien Obligations, or to the provision of collateral security for any Excess Second Lien Obligations, that would constitute a “Default” or “Event of Default” under the First Priority Credit Agreement, nor does this Agreement constitute a waiver by the First Lien Collateral Agent and/or any First Lien Claimholder of any such “Default” or “Event of Default”, and nothing in this Agreement shall be interpreted to effect such a consent or waiver.