Second Lien Group definition

Second Lien Group means those entities disclosed in the Amended Verified Statement Pursuant to Rule 2019 of Federal Rules of Bankruptcy Procedure (ECF No. 399) filed on August 16, 2016, in their capacity as holders of Secured Notes, as may be amended or supplemented.
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Second Lien Group means that certain Second Lien Committee (as that term is defined in the Final DIP Orders), as constituted from time to time.
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Second Lien Group means an ad hoc group of certain unaffiliated investors who are holders of Second Lien Notes, as identified in Exhibit 1.2.148 of this Plan.
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Examples of Second Lien Group in a sentence

  • Id.On January 19, 2016, Nyuon filed a motion to vacate, set aside, or correct his sentence under 28 U.S.C. § 2255.

  • No later than each Friday, starting on the first Friday immediately following entry of this Order, the Debtors shall provide the U.S. Trustee, counsel to the DIP Agent, counsel to the Ad Hoc Second Lien Group and counsel to any official committee appointed in these Cases a list of the Post-Petition Hedging Agreements that the Debtors entered into during the immediately preceding week.

  • The Debtors shall cooperate on a reasonable basis with the Ad Hoc First Lien Group and the Ad Hoc Second Lien Group in connection with proposals by the Ad Hoc First Lien Group and/or the Ad Hoc Second Lien Group.

  • On or before the CMC Acquisition Election Date, the Debtors (with the consent of the Ad Hoc First Lien Group and the Ad Hoc Second Lien Group) shall elect whether or not to consummate the CMC Acquisition.

  • If the CMC Acquisition occurs, such acquisition would be accomplished either by a straight transfer of the common stock of Reorganized CMC to or by a merger of CMC with an indirect subsidiary of the acquiring group, as determined by the Debtors with consent of the Ad Hoc First Lien Group and Ad Hoc Second Lien Group.

  • That the Second Lien Group obtained an option for its benefit that might increase the value of its distribution at the expense of Equity does not mean that the Debtors proposed their Plan in bad faith.Accordingly, the Court concludes that the Debtors proposed the Plan in good faith and not by any means forbidden by law.

  • The Debtors shall consult with the Ad Hoc First Lien Group and the Ad Hoc Second Lien Group regarding any such objection.

  • The Equity Committee argued that the Expansion Plan represents the real business plan and Business Plan 4.3 was designed to “low ball” the ostensible value of LegacyCo for the benefit of the Second Lien Group and the Debtors’ management under the MIP discussed below.

  • The parties to a backstop or equity commitment agreement agree to subscribe for any equity interests that are not purchased through the rights offering.majority of the equity of the reorganized Debtors, a new first lien exit facility provided by the First Lien Group, reinstated or new second lien debt distributed to the Second Lien Group and a minority equity interest in the reorganized Debtors distributed to unsecured creditors (including Bondholders) outside of the rights offering.

  • Schrock, P.C., Stephen Karotkin Telephone: (212) 310-8000Telecopier: (212) 310-8007E-mail: ray.schrock@weil.com, stephen.karotkin@weil.comIf to the Second Lien Group, to:Kirkland & Ellis LLP 601 Lexington Avenue New York, NY 10022Attn: Christopher Marcus, P.C. Telephone: (212) 446-4800Telecopier: (212) 446-4900E-mail: christopher.marcus@kirkland.comKirkland & Ellis LLP 300 North LaSalleChicago, IL 60654Attention: Steven N.


More Definitions of Second Lien Group

Second Lien Group means, collectively, the Holders of, or investment advisors, sub-advisors, or managers of Holders of, First Lien Claims, Second Lien Claims, Third Lien Claims, and/or Unsecured Notes Claims represented by Gibson, Dunn & Crutcher LLP and Evercore Group L.L.C.
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Related to Second Lien Group

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • Second Lien Documents means, collectively, the indenture, credit agreement or other agreement or instrument evidencing or governing or securing each Series of Second Lien Debt and the Second Lien Security Documents.

  • Second Lien Agent means has the meaning assigned to the term “Administrative Agent” in the Second Lien Credit Agreement.

  • Second Lien Debt means the Indebtedness and guarantees thereof now or hereafter incurred pursuant to the Second Lien Loan Documents.

  • Second Lien Indebtedness means the Indebtedness of the Loan Parties owing to the Second Lien Agent and the Second Lien Lenders under the Second Lien Credit Agreement, which Indebtedness is on terms and conditions reasonably acceptable to the Collateral Agent.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Closing Dates thereof among the Borrower, the other Credit Parties from time to time party thereto, the Second Lien Lenders and the Second Lien Administrative Agent, as the same may be amended, restated and/or modified from time to time subject to the terms thereof.

  • First Lien/Second Lien Intercreditor Agreement means an intercreditor agreement substantially in the form of Exhibit H hereto, or such other customary form reasonably acceptable to the Administrative Agent and the Borrower, in each case, as such document may be amended, restated, supplemented or otherwise modified from time to time.

  • Second Lien Notes has the meaning set forth in the recitals hereto.

  • Second Lien Noteholders means the holders of Second Lien Notes.

  • Performing Second Lien Bank Loans means Second Lien Bank Loans which are Performing.

  • Second Lien Obligations means the “Obligations” as defined in the Second Lien Credit Agreement.

  • Second Lien Term Loans means the “Term Loans” under and as defined in the Second Lien Credit Agreement.

  • Second Lien Claimholders means, at any relevant time, the holders of Second Lien Obligations at that time, including the Second Lien Lenders and the agents under the Second Lien Loan Documents.

  • Additional Second Lien Obligations means, with respect to any Grantor, any obligations of such Grantor owed to any Additional Second Lien Secured Party (or any of its Affiliates) in respect of the Additional Second Lien Documents.

  • First Lien Claims means, collectively, Claims against the Debtors arising under the Prepetition Term Loan Agreement.

  • Second Lien Collateral Documents means the “Security Documents” or “Collateral Documents” (as defined in the applicable Second Lien Documents) and any other agreement, document or instrument pursuant to which a Lien is granted securing any Second Lien Obligations or pursuant to which any such Lien is perfected.

  • Second Lien Indenture means that certain indenture, dated as of October 20, 2016, among the Company, the guarantors from time to time party thereto and U.S. Bank National Association, as trustee and notes collateral agent, relating to the 9.5% Senior Secured Second Lien Notes due 2022 of the Company, as amended, supplemented, restated, converted, exchanged, replaced or modified from time to time;

  • Second Lien Bank Loan means a Bank Loan (other than a First Lien Bank Loan and a Last Out Loan) that is entitled to the benefit of a first and/or second lien and first and/or second priority perfected security interest on all or substantially all of the assets of the respective borrower and guarantors obligated in respect thereof.

  • First Lien Indebtedness means the Indebtedness under the First Lien Indebtedness Documents.

  • Second Lien Secured Parties means the Indenture Second Lien Secured Parties and the Additional Second Lien Secured Parties.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Second Lien Notes Trustee “Second Lien Noteholder”, “High Yield Agent”, “HY Borrower”, “High Yield Creditor”, “High Yield Lender”, “Unsecured Agent”, “Unsecured Borrower”, “Unsecured Creditor”, “Unsecured Lender”, “Security Agent”, “Security Grantor”, “Senior Agent”, “Senior Arranger”, “Senior Borrower”, “Senior Creditor”, “Senior Guarantor”, “Senior Lender”, “Senior Secured Notes Guarantor”, “Senior Secured Notes Issuer”, “Senior Secured Notes Trustee”, “Senior Secured Noteholder”, “Subordinated Creditor”, “Permitted Affiliate Parent” or the “Company” shall be construed to be a reference to it in its capacity as such and not in any other capacity;

  • Second Lien Loans means “Loans” under and as defined in the Second Lien Credit Agreement.

  • Second Lien Intercreditor Agreement means the Second Lien Intercreditor Agreement substantially in the form of Exhibit H among the Administrative Agent and one or more Senior Representatives for holders of Permitted Second Priority Refinancing Debt, with such modifications thereto as the Administrative Agent may reasonably agree.

  • First Lien Credit Agreement has the meaning set forth in the recitals hereto.

  • Second Lien Loan Documents means the “Loan Documents” as defined in the Second Lien Credit Agreement.