Examples of Junior Lien Administrative Agent in a sentence
The consent by the Senior Lien Lenders to the execution and delivery of the Junior Lien Loan Documents and to the grant to the Junior Lien Administrative Agent of a Junior Lien on the Collateral and all Loans and other extensions of credit made or deemed made on and after the date hereof by the Senior Lien Lenders to any Loan Party are given, made or deemed made in reliance upon this Agreement.
This Agreement and the rights and benefits hereof shall inure to the benefit of each Administrative Agent, each Lender and each of their respective successors and (if permitted) assigns and, to the extent applicable, the Loan Parties, the Junior Lien Administrative Agent and each Junior Lien Lender and their respective successors and (if permitted) assigns.
The Junior Lien Administrative Agent and each Junior Secured Party agrees that it shall take such further action and shall execute and deliver to the Senior Lien Administrative Agent and the Senior Secured Party such additional documents and instruments (in recordable form, if requested) as the Senior Lien Administrative Agent may reasonably request to effectuate the terms of and the Lien priorities contemplated by, this Agreement.
The parties hereto agree that any limitations, restrictions or prohibitions imposed on the Junior Lien Administrative Agent and the Junior Lien Lender in connection with this Agreement shall not govern the Junior Lien Administrative Agent’s rights or the Junior Lien Lender’s in respect of Other Investments.
Without the prior written consent of the Junior Lien Administrative Agent, the Senior Lien Credit Agreement may not be amended, supplemented or otherwise modified (and no replacement Senior Lien Credit Agreement may be entered into in connection with a Refinancing), in each case if the effect of such amendment, supplement, modification or replacement materially affects the rights and obligations of the Junior Secured Party to contravene any provision of this Agreement.
The Junior Lien Administrative Agent waives and agrees not to exercise all rights it holds solely for the benefit of any Junior Secured Party hereunder to the same extent such Junior Secured Party has waived or agreed not to exercise such rights under this Agreement or under any Loan Document.
No amendment, modification or waiver of any provision of this Agreement shall be deemed to be made unless the same shall be in writing signed by each of the Senior Lien Administrative Agent, the Junior Lien Administrative Agent and, in the absence of any continuing Event of Default and, with respect to modifications to, or waivers with respect to, Section 7 (Release of Collateral) or any other modification or waiver materially affecting any right, obligation or duty of any Loan Party, the Company.
All notices to any Senior Secured Party or any Junior Secured Party permitted or required under this Agreement may be sent to the Senior Lien Administrative Agent and the Junior Lien Administrative Agent, respectively.