Second Lien Facilities Agreement definition
Examples of Second Lien Facilities Agreement in a sentence
Subject to Clause 18.3 (Treatment of SFA Cash Cover and Senior Lender Cash Collateral), the Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any rights or powers arising under the Security Documents (other than the Senior Facilities Agreement and/or any Second Lien Facilities Agreement) except through the Security Agent.
The Stockholder was formed for the sole purpose of holding the Shares and it has neither incurred any obligation or liability nor engaged in any business or activity other than in connection with the ownership of such Shares and its contingent obligations under the First Lien Facilities Agreement and the Second Lien Facilities Agreement.
The ▇▇▇▇▇▇▇▇▇ Lender Approval as required by the Second Lien Facilities Agreement will be satisfied by the delivery of or giving effect to the Consent Requests (as defined in the Lender Support Agreement) as contemplated by the Lender Support Agreement.
Newco 3 shall promptly, and in any event within one Business Day of the date hereof, submit the Consent Request to the Agent (as defined in the Second Lien Facilities Agreement) with a 10 Business Day response period (which may be extended with the prior written consent of Parent).
Subject to Clause 18.3 (Treatment of SFA Cash Cover and Senior Lender Cash Collateral), the Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any rights or powers arising under the Security Documents (other than the Senior Facilities Agreement and/or any Second Lien Facilities Agreement) except through the Security Agent.
As soon as practicable after the date hereof, the Sellers shall cause the Group Companies to deliver the required notice to the facilities’ agent under the Senior and Second Lien Facilities Agreement to change (without any waiver fee, consent fee or other administrative fee becoming payable by the Acquired Companies in that respect) the interest period duration under the Senior and Second Lien Facilities Agreement from six months to one month.