Examples of First Lien Indenture in a sentence
The Prepetition Agents and Prepetition First Lien Indenture Trustees shall not be required to attach any instruments, agreements, or other documents evidencing the obligations owing by each of the Debtors to the Prepetition Secured Parties, as applicable, which instruments, agreements, or other documents will be provided upon written request to counsel to the Prepetition Agents or Prepetition First Lien Indenture Trustees, as applicable.
The First Lien Indenture Trustee shall hold or direct such distributions for the benefit of the holders of Allowed First Lien Notes Claims, as applicable.
If the First Lien Indenture Trustee is unable to make, or consents to the Plan Administrator making such distributions, the Plan Administrator, with the First Lien Indenture Trustee’s cooperation, shall make such distributions to the extent practicable to do so (provided that until such distributions are made, the First Lien Indenture Trustee’s charging lien shall attach to the property to be distributed in the same manner as if such distributions were made through the First Lien Indenture Trustee).
The First Lien Indenture Trustee shall have no duties or responsibility relating to any form of distribution that is not DTC eligible and the Debtors or the Plan Administrator, as applicable, shall seek the cooperation of DTC so that any distribution on account of a First Lien Notes Claim that is held in the name of, or by a nominee of, DTC, shall be made through the facilities of DTC on the Effective Date or as soon as practicable thereafter.
The Authority covenants to employ an independent auditor to perform such duties as are imposed on the independent auditor by the First Lien Indenture, including preparation of an audit report for the preceding fiscal year.