Examples of Second Lien Facility Agreement in a sentence
The Issuer will apply the net proceeds from the sale of the Securities to repay indebtedness under its Second Lien Facility Agreement, for general corporate purposes and to pay transaction-related fees and expenses.
We further confirm, in our respective capacities as Interim Facility Agent and Arrangers, that the confirmations set out in paragraph 1 above with respect to any conditions precedent referred to therein (the “ Relevant Condition Precedent”) willapply mutatis mutandis to any conditionsprecedent to be set out in the Senior Facilities Agreement and/or the Second Lien Facility Agreement, which is the same as or substantially similar to that Relevant Condition Precedent.
The following table discloses the fair values of the derivative instruments on the Company’s condensed consolidated balance sheets (in thousands): June 30, 2021 December 31, 2020Derivative assets: Compound embedded derivative with the Second Lien Facility Agreement$ The derivative asset recorded for the Compound embedded derivative with the Second Lien Facility Agreement is included in Intangible and other assets, net on the Company's consolidated balance sheets.
All baskets, thresholds and ratios in the Second Lien Facility Agreement to provide for 20% more headroom to those in the Senior Facilities Agreement and 0.25x cushion/increase to Senior Facilities on all ratios (other than FCCR), in each case, for representations, covenants and Events of Default.
Terms defined in the Second Lien Facility Agreement have the same meanings in this Accession Notice.