Examples of Second Lien Lender in a sentence
No obligations shall be imposed on the Second Lien Administrative Agent, any First Lien Lender or Second Lien Lender by reason of this Section 5.02, and none of the First Lien Administrative Agent, Second Lien Administrative Agent, First Lien Lender or Second Lien Lender shall have a fiduciary relationship in respect of any other party.
We further refer to clause 22.3 (Change of Senior Lender, Pari Passu Creditors, Second Lien Lender and Noteholders) of the Intercreditor Agreement.
Cyrus has raised this argument to justify its behavior as an objecting creditor at multiple stages during these chapter 11 cases.15 This attempt to use Section 16 as a means to avoid the express prohibitions of the Intercreditor Agreement misreads the provision.Section 16, which governs the relationship among the Secured Parties as unsecured creditors, explicitly incorporates section 11's prohibitions on Second Lien Lender action in the chapter 11 cases.
DCA where Depository Bank allows two Lender Lien Holders on Governmental Receivables Parties to DCA are Depository Bank, Operator, AR Lender (First Lien), FHA Mortgagee (Second Lien) OR DCA may be broken into multiple agreements, one for First Lien Lender (AR Lender), and one for Second Lien Lender (FHA Mortgagee).
Aretex (i) as a First Lien Lender, holds a claim as of June 17, 2005 in the approximate face amount of $193,503,839.26, plus interest, (reduced by any payments made after the date hereof) representing not less than 39.989% of the amount due to all First Lien Lenders; and (ii) as a Second Lien Lender, holds an allowed claim in the approximate face amount of $84,500,000, plus interest, and representing not less than 51.212% of the amount due to all Second Lien Lenders.