Second Lien Loans definition

Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

Second Lien Loans. With respect to each Second Lien Loan: (i) No Negative Amortization of Related First Lien Loan. The related first lien loan does not permit negative amortization;

Second Lien Loans shall have the meaning provided to the term “Loans” in the Second Lien Credit Agreement and any modification, replacement, refinancing, refunding, renewal, or extension thereof permitted by the Credit Documents.

Examples of Second Lien Loans in a sentence

• Furthermore, the holders of Senior Obligations, Second Lien Loans and Mezzanine Obligations are more diverse than ever before, including not only banks and specialist finance providers but also alternative collateral managers, specialist debt and distressed debt investors and other financial institutions.

• There is limited historical data available as to the levels of defaults and/or recoveries that may be experienced on Senior Obligations, Second Lien Loans and Mezzanine Obligations and no assurance can be given as to the levels of default and/or recoveries that may apply to any Senior Obligations, Second Lien Loans and Mezzanine Obligations purchased by the Issuer.

• Its: Managing Member /s/ Xxx Xxxx Name: Xxx Xxxx Title: Managing Director Principal Amount of Term Loans: $ Principal Amount of Revolving Loans: $ Principal Amount of Second Lien Loans: $ Notice Address: 000 X.

• As referred to above, although any particular Senior Obligations, Second Lien Loans and Mezzanine Obligations often will share many similar features with other loans and obligations of its type, the actual terms of any particular Senior Obligations, Second Lien Loans and Mezzanine Obligations will have been a matter of negotiation and will thus be unique.

• Xxxxxxxx Title: Managing Director Principal Amount of Senior Notes: $ Principal Amount of Term Loans: $ Principal Amount of Revolving Loans: $ Principal Amount of Second Lien Loans: $ By: /s/ Xxxxx X.

More Definitions of Second Lien Loans

Second Lien Loans. With respect to each Second Lien Loan:

Second Lien Loans means floating rate corporate loans with a secured interest in the assets of the borrower that is second in priority to Senior Loans.

Second Lien Loans means the loans issued under the Second Lien Credit Agreement.

Second Lien Loans the loans outstanding under the Second Lien Credit Agreement.

Second Lien Loans means the senior secured second lien loans under the Second Lien Credit Agreement.

Second Lien Loans the loans or advances outstanding under the Second Lien Documents.

Second Lien Loans shall have the meaning assigned to the term “Term Loans” in the Second Lien Credit Agreement (as in effect on the date hereof and as amended or modified).