Second Lien Debt Agreement definition
Examples of Second Lien Debt Agreement in a sentence
Upon the Refinancing of the First Lien Credit Agreement or Second Lien Notes Indenture with a Replacement First Lien Credit Agreement or a Replacement Second Lien Debt Agreement, as applicable, the Discharge of the applicable Secured Obligations shall be deemed not to have occurred.
Гарантії щодо якості та документації, які надаються за цими Стандартними Умовами Договору, є чинними протягом 2 (двох) років від дати, в яку акт прийняття послуг або робіт (у випадку робіт або послуг) або документ, який підтверджує приймання та передачу товарів (у випадку постачання товарів, далі разом для товарів, послуг та робіт – «Акт Приймання»), підписаний сторонами, якщо триваліший строк не встановлений законодавством, що застосовується.
Any Grantor may Refinance the First Lien Credit Agreement with a Replacement First Lien Credit Agreement or the Second Lien Notes Indenture with a Replacement Second Lien Debt Agreement, as applicable, by satisfying conditions (i), (ii) and (iii), as applicable, of the immediately succeeding paragraph.
First Lien Agent and Second Lien Agent each represents and warrants to the other that it has been authorized by First Lien Lenders or Second Lien Holders, as applicable, under the First Lien Debt Agreement or the Second Lien Debt Agreement, as applicable, to enter into this Agreement and that each of the agreements, covenants, waivers, and other provisions hereof is valid, binding, and enforceable against the First Lien Lenders or Second Lien Holders, as applicable, as fully as if they were parties hereto.
No Obligated Party shall (i) enter into or permit to exist any Credit Facilities (as defined in the Second Lien Debt Agreement) other than this Agreement or (ii) issue or permit to exist any Parity Lien Debt (as defined in the Second Lien Debt Agreement) other than Second Lien Debt or designate, in an officer’s certificate or otherwise, any Debt as Parity Lien Debt for purposes of the Second Lien Debt Agreement.
The Initial Second Collateral Agent represents and warrants that this Agreement is binding upon the Second Lien Claimholders under the Initial Second Lien Debt Agreement.
Each Secured Party agrees that Article 11 of the Initial First Lien Indenture (and any Equivalent Provision in any Additional First Lien Debt Agreement) and Article 11 of the Initial Second Lien Indenture (and any Equivalent Provision in any Additional Second Lien Debt Agreement) shall each apply mutatis mutandis, as though set out in full herein and such references therein to the “Collateral Agent” shall mean the International Security Agent.
Lien Agent each represents and warrants to the other that it has been authorized by First Lien Lenders or Second Lien Holders, as applicable, under the First Lien Debt Agreement or the Second Lien Debt Agreement, as applicable, to enter into this Agreement and that each of the agreements, covenants, waivers, and other provisions hereof is valid, binding, and enforceable against the First Lien Lenders or Second Lien Holders, as applicable, as fully as if they were parties hereto.
Replacement First Lien Credit Agreement or Replacement Second Lien Debt Agreement 30 ARTICLE 9 Miscellaneous Section 9.01.
Each Obligated Party shall comply at all times and in all material respects with the terms and provisions of the Second Lien Debt Agreement.