Examples of First Lien Lender in a sentence
No obligations shall be imposed on the Second Lien Administrative Agent, any First Lien Lender or Second Lien Lender by reason of this Section 5.02, and none of the First Lien Administrative Agent, Second Lien Administrative Agent, First Lien Lender or Second Lien Lender shall have a fiduciary relationship in respect of any other party.
With respect to any prepayment of the Term Facility and the Incremental First Lien Term Loans pursuant to Section 2.03(b) (other than prepayments pursuant to Section 2.03(b)(iii)), any Term Lender or Incremental First Lien Lender, at its option, may elect not to accept such prepayment; provided, for the avoidance of doubt, that no such Term Lender or Incremental First Lien Lender may elect to accept a partial prepayment.
Notwithstanding anything to the contrary herein, certain accounts (e.g., cash collateral accounts for the benefit of issuing banks) maintained pursuant to the credit documents for the benefit of the First Lien Lender Parties shall solely be for the benefit of the applicable First Lien Lender Parties (“Excluded Collateral”).
DCA where Depository Bank allows two Lender Lien Holders on Governmental Receivables Parties to DCA are Depository Bank, Operator, AR Lender (First Lien), FHA Mortgagee (Second Lien) OR DCA may be broken into multiple agreements, one for First Lien Lender (AR Lender), and one for Second Lien Lender (FHA Mortgagee).
Any Allowed First Lien Lender Adequate Protection Claim shall be waived as of and on the Effective Date.