First Lien Loan Parties definition

First Lien Loan Parties has the meaning assigned to the term “Loan Parties” in the First Lien Credit Agreement.
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First Lien Loan Parties shall have the meaning assigned to that term in the recitals to this Agreement.
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First Lien Loan Parties the Borrower, the Cayman Borrower, the Guarantors, the Foreign Subsidiaries who are guarantors thereunder and each other Subsidiary of Holdings that is a party to a Loan Document (as defined in the First Lien Credit Agreement as in effect on the date hereof).
Sample 1

Examples of First Lien Loan Parties in a sentence

  • Each of the Original First Lien Agent (on behalf of the Original First Lien Secured Parties) and the [ ]i [First/Second]ii Lien Agent (on behalf of the [ ]i [First/Second]ii Lien Secured Parties) and, by their acknowledgment hereof, the Original First Lien Loan Parties and the [ ]i [First/Second]ii Lien Loan Parties, desire to agree to the relative priority of Liens on the Collateral and certain other rights, priorities and interests as provided herein.

  • Borrower (or one or more of the First Lien Loan Parties) owns, or is licensed or otherwise has the right to use, all Intellectual Property that is material to the conduct of its business as currently conducted except as would not reasonably be expected to result in a Material Adverse Effect.

  • As of the Closing Date, no Event of Default (as defined in the First Lien Financing Agreement) exists and Borrower and the First Lien Loan Parties are in full compliance with the terms of the First Lien Financing Documents.

  • To the knowledge of Borrower, the use by Borrower (or one or more of the First Lien Loan Parties) of the Intellectual Property that is material to the conduct of its business as currently conducted, does not infringe on the rights of any person, which infringement, individually or in the aggregate, would reasonably be expected to result in a Material Adverse Effect.

  • Lender acknowledges that the Class A Manager, the Class B Manager, Lender and each of their respective affiliates have affirmative obligations in favor of the Borrower and other First Lien Loan Parties pursuant to certain agreements among such parties.

  • Nothing in this Section 7.17 shall be construed to restrict Holdings from receiving capital contributions from persons who are not First Lien Loan Parties, or from applying the proceeds thereof to Investments in the Borrower or any of its other Subsidiaries.

  • Lender acknowledges that ADF and Lender have affirmative obligations in favor of the Borrower and other First Lien Loan Parties pursuant to the Letter of Intent.


More Definitions of First Lien Loan Parties

First Lien Loan Parties means "Loan Parties", as defined in the First Lien Credit Agreement.
Sample 1

Related to First Lien Loan Parties

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

  • Second Lien Loan Documents means the Second Lien Credit Agreement and the other “Loan Documents” under and as defined in the Second Lien Credit Agreement, as each such document may be amended, renewed, restated, supplemented or otherwise modified from time to time.

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

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

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

  • First Lien Secured Parties means (i) the Credit Agreement Secured Parties and (ii) the Additional First-Lien Secured Parties with respect to each Series of Additional First-Lien Obligations.

  • Canadian Loan Parties means the Canadian Borrower and the Canadian Guarantors.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • First Lien Bank Loan means a Bank Loan that is entitled to the benefit of a first lien and first priority perfected security interest on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Second Lien Secured Parties means the Indenture Second Lien Secured Parties and the Additional Second Lien Secured Parties.

  • Domestic Loan Parties means, collectively, the Company and the Guarantors.

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

  • Priority Lien Secured Parties means the holders of Priority Lien Obligations, each Priority Lien Representative and the Collateral Trustee.

  • Second Lien Bank Loan means a Bank Loan that is entitled to the benefit of a second lien and second priority perfected security interest on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Additional First Lien Secured Parties means the holders of any Additional First Lien Obligations and any trustee, authorized representative or agent of such Additional First Lien Obligations.

  • Term Loan Secured Parties means the Term Loan Representative, the Term Loan Creditors and any other holders of the Term Loan Obligations.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Effective Date, among Holdings, the Borrower, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent.

  • First Lien/Second Lien Intercreditor Agreement means an intercreditor agreement substantially in the form of Exhibit H hereto, or such other customary form reasonably acceptable to the Administrative Agent and the Borrower, in each case, as such document may be amended, restated, supplemented or otherwise modified from time to time.

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

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

  • Subsidiary Loan Parties means (a) the Subsidiaries identified on Schedule I and (b) each other Subsidiary that becomes a party to this Agreement as a Subsidiary Loan Party after the Effective Date.

  • U.S. Loan Parties means the U.S. Borrowers and the U.S. Guarantors.

  • DIP Lender means a lender under the DIP Facility.

  • First Lien Last Out Loan means a loan that, prior to an event of default under the applicable Related Contract, is entitled to receive payments pari passu with other senior secured loans of the same Obligor, but following an event of default under the applicable Related Contract, such Collateral Loan becomes fully subordinated to other senior secured loans of the same Obligor and is not entitled to any payments until such other senior secured loans are paid in full.