Examples of Prepetition Second Lien Agent in a sentence
Notwithstanding the foregoing, any materially adverse amendment, modification, or waiver of the rights, duties, benefits, and protections granted to the Prepetition First Lien Agent or Prepetition Second Lien Agent hereunder shall require the prior written consent (which consent shall not be unreasonably withheld or delayed) of the Prepetition First Lien Agent or Prepetition Second Lien Agent, as applicable.
The Debtors or the Reorganized Debtors (as the case may be), the Distribution Agent, the Prepetition First Lien Agent and the Prepetition Second Lien Agent shall have no obligation to recognize any transfer of the Claims occurring on or after the Distribution Record Date.
Without limiting the foregoing, the Reorganized Debtors shall pay in Cash all reasonable and documented fees and expenses (including any agency fees and fees and expenses of counsel) of the Prepetition First Lien Agent and the Prepetition Second Lien Agent incurred after the Effective Date (including in connection with any termination statements, instruments of satisfaction, or releases of Liens) in the ordinary course of business and without application or notice to, or order of, the Bankruptcy Court.
All distributions to Holders of Prepetition First Lien Claims and Prepetition Second Lien Claims shall be deemed completed when made to such Holders as reflected on the applicable Registers, and not to any of the Prepetition First Lien Agent or the Prepetition Second Lien Agent.
Unless otherwise ordered by the Court, the applicable Debtors shall execute and deliver to the DIP Agent and/or the Prepetition First Lien Agent and/or the Prepetition Second Lien Agent, as applicable, all such financing statements, mortgages, notices and other documents as such parties may reasonably request to evidence, confirm, validate or perfect, or to insure the contemplated priority of, the DIP Liens and the Adequate Protection Liens, as applicable, granted pursuant hereto.
The Prepetition Second Lien Agent shall hold or direct such distributions for the benefit of the Holders of Allowed Prepetition Second Lien Credit Agreement Claims, as applicable.
The Prepetition Second Lien Agent shall be deemed to be the Holder of all Prepetition Second Lien Credit Agreement Claims, as applicable, for purposes of distributions to be made hereunder, and all distributions on account of such Prepetition Second Lien Credit Agreement Claims shall be made to or on behalf of the Prepetition Second Lien Agent.
Notwithstanding anything herein to the contrary, the payment of any invoices for the fees and expenses of the Prepetition First Lien Agent and Prepetition Second Lien Agent shall be subject the review and approval of such invoices by the Consenting Creditors.
The Prepetition First Lien Agent and the Prepetition Second Lien Agent shall be authorized to provide the First Lien Register and the Second Lien Register, respectively, to the Reorganized Debtors or the Distribution Agent for purposes of making distributions under the Plan.
The Prepetition First Lien Agent and the Prepetition Second Lien Agent shall not act as Distribution Agent with respect to any distributions of Reorganized First Lien Term Loans, New Common Stock, New Warrants, or except as expressly provided in the Plan or in the Confirmation Order, any other distributions under the Plan and shall have no responsibility or liability for such distributions.