Second Lien Creditor Representative definition
Examples of Second Lien Creditor Representative in a sentence
No person shall become a Senior Facility Agent, a Senior Creditor Representative, a Second Lien Creditor Representative or a Senior Parent Creditor Representative, as the case may be, under any of the Debt Documents unless at the same time, it accedes to this Agreement as a Senior Facility Agent, a Senior Creditor Representative, a Second Lien Creditor Representative or a Senior Parent Creditor Representative, as the case may be, pursuant to Clause 19.7 (Creditor/Agent Accession Undertaking).
Subject to paragraph (b) above, this shall not affect the right of the Senior Agents and/or the Permitted Second Lien Creditor Representative to issue a Senior Parent Payment Stop Notice in respect of any other event or set of circumstances.
Any such amendment shall not require the consent of any Creditor and shall be effective and binding on all Parties upon the execution thereof by the Debtors, Third Party Security Providers, each Senior Unsecured Security Provider, each Second Lien Creditor Representative, each Senior Unsecured Representative, each Senior Secured Notes Trustee, each Senior Agent and the Security Agent.
Clausethe Security Agent shall yield a cure to welcome Second Lien Creditor Representative requesting that you notify the Security Agent of, the perceived inherent risk and major duration rather the derivative transaction.
In connection with the foregoing, the Security Agent is authorised to and shall make such changes to the terms of this Agreement relating to the rights and duties of such Permitted Second Lien Creditor Representative and any other Party as are jointly required by such Permitted Second Lien Creditor Representative and the Parent without the consent of any other Party, in each case provided that such changes would not be materially prejudicial to the interests of the other Parties.