Existing Second Lien Lenders definition

Existing Second Lien Lenders means the lenders party to the Existing Second Lien Credit Facility.
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Existing Second Lien Lenders and, together with the Existing Second Lien Agent and any other party to which Existing Second Lien Obligations (as defined below) are owed, the “Existing Second Lien Secured Parties”), the Existing Second Lien Secured Parties agreed to extend loans and provide other financial accommodations to the Borrower (as defined in the Existing Second Lien Credit Agreement) pursuant to the Existing Second Lien Loan Documents. All obligations of the Debtors arising under the Existing Second Lien Credit Agreement or the other Existing Second Lien Loan Documents shall collectively be referred to herein as the “Existing Second Lien Obligations.”
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Existing Second Lien Lenders means the lenders from time to time holding Existing Second Lien Indebtedness.
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Examples of Existing Second Lien Lenders in a sentence

  • The Agents shall have received a fully executed copy of a forbearance agreement, dated as of the Effective Date (the “Second Lien Forbearance Agreement”), by and among the Loan Parties thereto, the Existing Second Lien Collateral Agent, GLAS USA LLC, as administrative agent, and the Existing Second Lien Lenders, in form and substance satisfactory to the Agents.

  • The subordinationprovisions of the Intercreditor Agreement are and will be enforceable against the Existing Second Lien Lenders by the Secured Parties which have not effectively waived the benefits thereof.

  • Following the consummation of the Globalex Transaction between the Debtors and the Sponsor, the Debtors gave notice of the transaction to the Existing First Lien Lenders and the Existing Second Lien Lenders.

  • Subsequently, the Existing First Lien Lenders and Existing Second Lien Lenders asserted certain defaults as a result of the steps taken to effectuate the Globalex Transaction, which the Debtors disputed.

  • In early-February, the Debtors began engaging with their Existing First Lien Lenders and Existing Second Lien Lenders regarding a potential projected covenant default under the terms of the Existing First Lien Credit Agreement, with the goal of negotiating a comprehensive and consensual amendment to the Existing First Lien Credit Facility and Existing Second Lien Credit Facility.

  • Approve the Debtors’ Use of Cash Collateral or the DIP Facility Upon commencing the Chapter 11 Cases, the Debtors will ask the Bankruptcy Court to authorize the Debtors to enter into postpetition financing arrangements and use cash collateral to fund the Chapter 11 Cases and to provide customary adequate protection to the Existing First Lien Lenders and the Existing Second Lien Lenders under the applicable prepetition debt documents.

  • Proceeds of the Globalex Transaction provided additional time for ongoing discussions to progress between the Debtors, the Existing First Lien Lenders, the Existing Second Lien Lenders, and the Sponsor regarding a comprehensive amendment and were used to pay interest on the Existing First Lien Loans and Existing Second Lien Loans.

  • Additionally, after closing of the Globalex Transaction, the Sponsor offered the Existing First Lien Lenders and Existing Second Lien Lenders the opportunity to participate in the Globalex Transaction on the same economic terms that Sponsor received, but the Existing First Lien Lenders and Existing Second Lien Lenders declined to participate.


More Definitions of Existing Second Lien Lenders

Existing Second Lien Lenders shall have the meaning given to such term in the Introductory Statement hereof.
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Existing Second Lien Lenders means the Holders of Existing Second Lien Claims.
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Existing Second Lien Lenders have entered into a Credit Agreement dated as of August 26, 2005 (such agreement as in effect on the date hereof, and as further defined in Section 1, below, the “Existing Second Lien Credit Agreement”). The repayment of the Obligations (as that term is defined in the Existing Second Lien Credit Agreement) is secured by security interests in and liens on substantially all of the assets of the Borrowers and the Guarantors pursuant to certain collateral documents in favor of the Existing Second Lien Agent, (such documents, and as further defined in Section 1, below, the “Existing Second Lien Loan Documents”).
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Existing Second Lien Lenders means the Existing Second Lien Lenders as defined in the Recitals.
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Existing Second Lien Lenders has the meaning assigned to such term in the definition of Existing Second Lien Credit Agreement.
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Related to Existing Second Lien Lenders

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • Performing Second Lien Bank Loans means Second Lien Bank Loans which are Performing.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Non-Performing Second Lien Bank Loans means Second Lien Bank Loans other than Performing Second Lien Bank Loans.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Closing Dates thereof among the Borrower, the other Credit Parties from time to time party thereto, the Second Lien Lenders and the Second Lien Administrative Agent, as the same may be amended, restated and/or modified from time to time subject to the terms thereof.

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

  • Existing Lenders has the meaning specified in the recitals hereto.

  • Second Lien Term Loans means the “Term Loans” under and as defined in the Second Lien Credit Agreement.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Existing Revolving Credit Agreement means that certain Revolving Credit Agreement, dated as of August 29, 2018, among the Borrower, the other borrowers party thereto, the lenders and letter of credit issuers from time to time party thereto and Xxxxx Fargo Bank, National Association, as administrative agent (as amended, restated, supplemented or otherwise modified from time to time).

  • Prepetition Lenders means those lenders party to the Prepetition Credit Agreement from time to time.

  • Second Lien Noteholders means the holders of Second Lien Notes.

  • Second Lien Loan Documents means the “Loan Documents” as defined in the Second Lien Credit Agreement.

  • Second Lien Facility means the second lien term loan facility under the Second Lien Credit Agreement.

  • Existing Credit Agreement as defined in the recitals hereto.

  • Existing Credit Agreements has the meaning set forth in the recitals hereto.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Existing Security Documents shall have the meaning assigned to such term in the recitals hereto.

  • Subsidiary Loan Agreement means the agreement to be entered into between the Borrower and ECTEL pursuant to Section 3.01(b) of this Agreement, as the same may be amended from time to time; and such term includes all schedules to the Subsidiary Loan Agreement;

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

  • Second Lien Loans means “Loans” under and as defined in the Second Lien Credit Agreement.

  • Existing Revolving Credit Facility means the $600,000,000 (subject to increase in accordance with its terms) revolving credit facility evidenced by that certain Amended and Restated Revolving Credit Agreement dated as of June 14, 2022 by and among the Borrower, the Parent, the lenders from time to time party thereto as “Lenders”, and JPMorgan Chase Bank, N.A., as Agent.

  • Subsidiary Loan Agreements means the agreements to be entered into pursuant to Section 3.01 (b) of this Agreement, as the same may be amended from time to time, and such term includes all schedules to the Subsidiary Loan Agreements;

  • Bridge Credit Agreement means that certain Credit Agreement, dated as of December 24, 2018, by and among Parent Borrower, as Borrower, Citibank, N.A., as Agent and the other parties thereto.

  • First Lien Credit Agreement has the meaning set forth in the recitals hereto.

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.