Second Lien Loan Parties definition

Second Lien Loan Parties shall have the meaning assigned to that term in the recitals to this Agreement.

Second Lien Loan Parties has the meaning assigned to the term “Loan Parties” in the Second Lien Credit Agreement.

Second Lien Loan Parties have granted a security interest and lien in certain of their assets (including, without limitation, credit card accounts receivables, pharmacy receivables, inventory and other assets related thereto) to secure the respective obligations of each of the Second Lien Loan Parties under the Second Lien Documents.

Examples of Second Lien Loan Parties in a sentence

• Notwithstanding any term herein to the contrary, it is hereby expressly agreed and acknowledged that the agreements set forth herein by the Second Lien Agent are made solely in its capacity as collateral agent under the Indenture and related Second Lien Documents pursuant to the provisions of the Indenture and the directions of the Second Lien Loan Parties and Noteholders as stated therein, and not in its individual capacity.

• The Existing First Lien Indebtedness and the Existing Second Lien Indebtedness are unconditionally owing, due and payable by Debtors to Existing First Lien Loan Parties and Existing Second Lien Loan Parties, respectively, without offset, defense or counterclaim of any kind, nature and description whatsoever.

• Furthermore, as of the Petition Date, the Existing Second Lien Indebtedness is oversecured on a going-concern basis pursuant to the Existing Second Lien Loan Documents by perfected, valid, binding and non-avoidable liens and security interests, junior to such liens and security interests granted by Debtors to or for the benefit of Existing First Lien Loan Parties, granted by Debtors to or for the benefit of Existing Second Lien Loan Parties upon all of the Existing Collateral.

• Notwithstanding any term herein to the contrary, it is hereby expressly agreed and acknowledged that the agreements set forth herein by the Second Lien Agent are made solely in its capacity as collateral agent under the Indenture and the Second Lien Security Agreement and related Second Lien Documents pursuant to the provisions of the Second Lien Documents and the directions of the Second Lien Loan Parties and the Second Lien Secured Parties, as stated therein, and not in its individual capacity.

• The Existing Collateral also secures the Existing Second Lien Indebtedness, but the rights of Existing Second Lien Loan Parties in the Existing Collateral are junior and subordinate to the rights therein of Existing First Lien Loan Parties pursuant to and in accordance with an Intercreditor Agreement dated as of March 8, 2007 (the “IntercreditorAgreement”).

More Definitions of Second Lien Loan Parties

Second Lien Loan Parties means the Second Lien Notes Parties and the Second Lien Credit Agreement Loan Parties.

Second Lien Loan Parties has the meaning assigned to the term “Loan Parties” in the Second Lien Credit Agreement. “Second Lien Obligations” has the meaning assigned to the term “Obligations” in the Second Lien Credit Agreement. “Second Lien Term Facility” means the term loan facility under the Second Lien Credit Agreement or any amendment, supplement, modification, substitution, replacement, restatement or refinancing thereof, in whole or in part, pursuant to a Permitted Refinancing from time to time, in each case as and to the extent permitted by this Agreement and the Term Loan Intercreditor Agreement. “Second Lien Term Loans” has the meaning assigned to the term “Loans” in the Second Lien Credit Agreement. “Secured Cash Management Agreement” means any Cash Management Agreement that is entered into by and between any Group Party and any Cash Management Bank, except for any such Cash Management Agreement designated by the Borrower in writing to the Administrative Agent and the relevant Cash Management Bank or Hedge Bank, as applicable, as an “unsecured cash management agreement” as of the Closing Date or, if later, on or about the time of entering into such Cash Management Agreement. “Secured Hedge Agreement” means any Swap Contract permitted under Article VII that is entered into by and between any Group Party and any Hedge Bank, except for any such Swap Contract designated by the Borrower and the applicable Hedge Bank in writing to the Administrative Agent as an “unsecured hedge agreement” as of the Closing Date or, if later, as of the time of entering into such Swap Contract. “Secured Obligations” has the meaning specified in the Security Agreement. “Secured Parties” means, collectively, the Administrative Agent, the Collateral Agent, the Lenders, the Hedge Banks to the extent they are party to one or more Secured Hedge Agreements, the Cash Management Banks to the extent they are party to one or more Secured Cash Management Agreements and each co-agent or subagent appointed by the Administrative Agent or the Collateral Agent from time to time pursuant to Article IX. “Securities Act” means the U.S. Securities Act of 1933, as amended, and the rules and regulations of the SEC promulgated thereunder. “Security Agreement” means, the Security Agreement, dated as of the date hereof, executed by the Collateral Agent and the Loan Parties party thereto, substantially in the form of Exhibit F, together with each other security agreement and security agreement supplement executed and deli...

Second Lien Loan Parties means "Loan Parties", as defined in the Second Lien Credit Agreement.