Second Lien Holders definition
Examples of Second Lien Holders in a sentence
Pursuant to section 510 of the Bankruptcy Code, Reorganized MACH Gen reserves the right to re-classify, with the consent of the Majority Second Lien Holders, any Allowed Claim or Interest in accordance with any contractual, legal, or equitable subordination relating thereto.
All final requests for payment of Professional Fees incurred prior to the Effective Date must be filed with the Bankruptcy Court and served on Reorganized MACH Gen no later than forty-five (45) days after the Effective Date, unless Reorganized MACH Gen, with the consent of the Majority Second Lien Holders, agrees otherwise in writing.
Of course, many of the problems encountered by the present Government stemmed from the civil war and its aftermath and would be resolved in time.
Second Lien Agent acknowledges that Second Lien Holders have, independently and without reliance on First Lien Agent or any First Lien Claimholder, and based on documents and information deemed by them appropriate, made their own credit analysis and decision to enter into each of the Second Lien Debt Documents and be bound by the terms of this Agreement and they will continue to make their own credit decision in taking or not taking any action under the Second Lien Debt Documents or this Agreement.
The Trustee shall have no duties (fiduciary or otherwise) to or responsibility for the Cash Pay Second Lien Holders.