New Second Lien Obligations definition

New Second Lien Obligations shall have the meaning set forth in Section 4.5(b).
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New Second Lien Obligations shall have the meaning assigned to such term in Section 7.02.
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New Second Lien Obligations means all obligations of any of the Trustors from time to time arising under or in respect of the due and punctual payment of (i) the principal of and premium, if any, and interest (including any Post-Petition Interest) on the indebtedness for borrowed money outstanding under each New Second Lien Facility, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, and (ii) all other monetary obligations, including fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any Bankruptcy Proceeding with respect to any Trustor, regardless of whether allowed or allowable in such proceeding), of the Trustors under the New Second Lien Documents owing to the New Second Lien Secured Parties (in their capacity as such). For the avoidance of doubt, as of the date hereof, there are no New Second Lien Obligations outstanding.
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Examples of New Second Lien Obligations in a sentence

  • In furtherance of Section 2.03, if the New Second Lien Obligations are secured by assets of the Grantors that do not also secure the Third Lien Obligations, the applicable Grantors shall promptly grant a Third Priority Lien on such assets to secure the Third Lien Obligations, respectively.

  • This Joinder Agreement shall not be effective until (a) each of the Series A Collateral Agent and the Series B Collateral Agent shall have received all documents and instruments in respect of the New Second Lien Obligations reasonably requested by them; and (b) this Joinder Agreement shall have been duly executed and delivered by the New Authorized Representative and acknowledged by CIT and each other Obligor.

  • The address of the New Authorized Representative in respect of the New Second Lien Obligations for purposes of all notices and other communications hereunder and under the Intercreditor Agreement and the Senior Lien Intercreditor Agreement is , , Attention of (Facsimile No. , E-mail address: ).

  • This Joinder Agreement shall not be effective until (a) the First Lien Agent shall have received all documents and instruments in respect of the New Second Lien Obligations reasonably requested by the First Lien Agent; and (b) this Joinder Agreement shall have been duly executed and delivered by the New Authorized Representative and acknowledged by CIT and each other Obligor.

  • If Parent or any Guarantor Subsidiary should incur any New Second Lien Obligations, Parent shall, as promptly as possible after the closing of the relevant New Second Lien Credit Facility, deliver a certificate in the form of Exhibit B to the Second Lien Collateral Trustee, notifying it of such incurrence.

  • Following and in accordance with the outcome of the applicable vote under its Second Lien Note Documents or New Second Lien Documents, as applicable, the Indenture Trustee and the New Second Lien Representative with respect to each Series of New Second Lien Obligations will cast all of its votes as a block in respect of any vote under this Agreement.