Second Lien Financing Documents definition
Examples of Second Lien Financing Documents in a sentence
The foregoing provisions are intended as an inducement to the lenders under the First Lien Financing Documents, Second Lien Financing Documents and any documentation governing other parity lien or junior lien Indebtedness permitted to be incurred hereunder to extend credit to the Loan Parties and such lenders are intended third party beneficiaries of such provisions.
The foregoing provisions are intended as an inducement to the lenders under the ABL Financing Documents, Second Lien Financing Documents and any documentation governing other parity lien or junior lien Indebtedness permitted to be incurred hereunder to extend credit to the Loan Parties and such lenders are intended third party beneficiaries of such provisions.
Each of the First Lien Collateral Agent and the Second Lien Collateral Agent and its respective Affiliates may lend money to, and generally engage in any kind of business with, the Obligors or any of their Affiliates as if such person were not appointed to act in such capacity under the terms of the First Lien Financing Documents or Second Lien Financing Documents, as the case may be and without any duty to account therefor to any other Claimholder.
The agreements in this Section 8.1 shall survive the repayment of the Second Lien Obligations and all other amounts payable hereunder, under the Second Lien Note Documents and under the Additional Second Lien Financing Documents and the removal or resignation of the Second Lien Collateral Agent pursuant to the applicable provisions of this Agreement.
Except as otherwise provided herein, the Second Lien Secured Parties and the Third Lien Secured Parties will be entitled to manage and supervise their respective loans and extensions of credit under the Second Lien Financing Documents and the Third Lien Financing Documents, as applicable, in accordance with law and as they may otherwise, in their sole discretion, deem appropriate.
In the event of any conflict between the provisions of this Agreement and the provisions of the First Lien Financing Documents, the Second Lien Financing Documents or the Third Lien Financing Documents, the provisions of this Agreement shall govern and control.
Notwithstanding the foregoing, nothing in this Agreement will be construed to allow the Authority or any other Grantor to incur additional Indebtedness unless otherwise permitted by the terms of all applicable First Lien Financing Documents, Second Lien Financing Documents and Third Lien Financing Documents.
Each First Lien Claimholder and each Second Lien Claimholder, by its acceptance of the benefits of the First Lien Documents and Second Lien Financing Documents, as the case may be, agrees to be bound by the agreements made herein, including, for the avoidance of doubt, agreements made by any Collateral Agent on its behalf.
To the extent Contractor provides – either itself or through a subcontractor, consultant, or someone else acting, either directly or indirectly, on Contractor’s behalf – any design services in connection with the Project, Contractor assumes full responsibility for all designs, which shall be performed to the Tribe’s satisfaction and through licensed professionals (if and to the extent professional licenses are required).
Except as otherwise provided herein, the First Lien Secured Parties and the Second Lien Secured Parties will be entitled to manage and supervise their respective loans and extensions of credit under their respective First Lien Financing Documents and the Second Lien Financing Documents, as applicable, in accordance with law and as they may otherwise, in their sole discretion, deem appropriate.