Second Lien Credit Party definition
Second Lien Credit Party means each Second Lien Lender, the Second Lien Collateral Agent and each Indemnitee in respect of Second Lien Loans and their respective successors and assigns, and “Second Lien Credit Parties” means any two or more of them, collectively.
Second Lien Credit Party and collectively the “Second Lien Credit Parties”). To induce the Second Lien Credit Parties to enter into the Second Lien Credit Agreement and the other Loan Documents referred to therein (collectively with the Second Lien Credit Agreement, the “Second Lien Loan Documents”), and as a condition precedent to the obligations of the Second Lien Lenders under the Second Lien Credit Agreement, certain Subsidiaries of Holdings (each, a “Second Lien Subsidiary Guarantor” and collectively the “Second Lien Subsidiary Guarantors” and, together with the Borrower, the “Second Lien Guarantors”, and the Second Lien Guarantors and each other person (other than an Agent or a Lender) that becomes a guarantor of or in respect of the Second Lien Obligations and the respective successors and permitted assigns of each of the foregoing, together with Holdings, each a “Second Lien Loan Party” and collectively the “Second Lien Loan Parties” and, together with the First Lien Loan Parties, each a “Loan Party” and, collectively, the “Loan Parties”) have agreed, jointly and severally, to provide a guaranty of all obligations of Holdings and the other Second Lien Loan Parties under or in respect of the Second Lien Loan Documents. As a further condition precedent to (i), the obligations of the First Lien Lenders under the First Lien Credit Agreement, each First, Lien Loan Party has agreed or will agree to grant a continuing first priority security interest (subject to Permitted Liens, as defined in the First Lien Loan Documents and the Second Lien Loan Documents, as applicable) in favor of the First Lien Collateral Agent (or the Control Agent acting on its behalf) in and to the Collateral to secure the First Lien Obligations, and (ii) the obligations of the Second Lien Lenders under the Second Lien Credit Agreement, each Second Lien Loan Party has agreed or will agree to grant a continuing second priority security interest (subject to Permitted Liens, as defined in the First Lien Loan Documents and the Second Lien Loan Documents, as applicable) in favor of the Second Lien Collateral Agent (or the Control Agent acting on its behalf) in and to the Collateral to secure the Second Lien Obligations. The First Lien Loan Documents and the Second Lien Loan Documents provide, among other things, that the parties thereto shall set forth in this Agreement their respective rights and remedies with respect to the Collateral. In order to induce the First Lien Collateral Agent and the First Lien Fina...