Second Lien Note definition

Second Lien Note means the notes due February 28, 2006 to be issued by the Company on the Issue Date in favor of the lenders thereunder, in an initial aggregate principal amount equal to $40,850,825, and any other agreement entered into in the future by the Company or any Restricted Subsidiary and all documents, instruments and agreements ancillary thereto, including security agreements and financing statements, as any of the same, in whole or in part, may be amended, renewed, extended, increased (but only so long as such increase is permitted under the terms of this Indenture), substituted, refinanced, restructured or replaced (including, without limitation, any successive renewals, extensions, increases, substitutions, refinancings, restructurings, replacements, supplements or other modifications of the foregoing).

Second Lien Note means any one of the 6.500% second lien senior secured notes due 2021, issued by the Borrowers in favor of the Second Lien Noteholders pursuant to the Second Lien Note Indenture, as such Second Lien Notes may be amended, modified or supplemented from time to time in accordance with the limitations set forth herein, and “Second Lien Notes” means any two or more of them, collectively.

Second Lien Note means any “Note” as defined in the Second Lien Note Purchase Agreement.

Examples of Second Lien Note in a sentence

• This Article VII of the Plan shall not apply to the DIP Claims, TCEH First Lien Claims, TCEH Second Lien Note Claims, or TCEH Unsecured Note Claims, which Claims shall be Allowed in full and shall not be subject to any avoidance, reductions, set off, offset, recharacterization, subordination (whether equitable, contractual, or otherwise), counterclaims, cross-claims, defenses, disallowance, impairment, objection, or any other challenges under any applicable law or regulation by any person or entity.

• Notwithstanding anything to the contrary herein, the TCEH First Lien Agent and the Holders of Allowed TCEH First Lien Claims shall be deemed to have waived any rights under the TCEH Second Lien Intercreditor Agreement to extent such rights would, in any way, impair or diminish the recoveries of the Holders of Allowed TCEH Second Lien Note Claims under this Plan or related documents.

• Except as specifically provided as Allowed Claims pursuant to Article III.B of the Plan or otherwise objected to by the Debtors in the Chapter 11 Cases, the Plan shall serve as the Debtors’ objection to all other EFIH First Lien Note Claims, EFIH Second Lien Note Claims, EFIH Unsecured Note Claims, EFH LBO Note Claims, and EFH Legacy Note Claims under the respective indentures.

• Holders of such Claims are entitled to vote to accept or reject the Plan, and the votes of such holders will be solicited with respect to such Allowed Second Lien Note Claims.

• Notwithstanding the foregoing and for the avoidance of doubt, the Plan shall effect, and the holders of Second Lien Note Claims shall not waive, the benefits of any and all subordination and “pay over” provisions set forth in the Senior Subordinated Indenture.

More Definitions of Second Lien Note

Second Lien Note means a second lien secured promissory note in an amount equal to $5 million to be entered into after the date hereof between Kentucky River and Buyer.

Second Lien Note is defined in the first recital.

Second Lien Note. Holders shall have the meaning assigned to such term in the preliminary statement of this Agreement.

Second Lien Note means that certain Second Lien Delayed Draw Promissory Note dated as of October 15, 2020, by the Borrower and the Guarantors in favor of Ascribe, as amended, restated, amended and restated, supplemented or otherwise modified as permitted by this Agreement.

Second Lien Note means a note with the principal terms and conditions provided under Exhibit K.

Second Lien Note means a promissory note, substantially in the form of Exhibit B-3 hereto, evidencing the obligation of the Borrower to repay outstanding Second Lien Loans, as such note may be amended, modified or supplemented from time to time.

Second Lien Note. The promissory note to be delivered in connection with the closing of the Second Lien Facilities (the “Note”).