Examples of Second Lien Secured Parties in a sentence
The Adequate Protection Liens and the Cash Collateral Adequate Protection Liens of the Prepetition Second Lien Secured Parties shall be senior to any Prepetition Second Liens and shall be junior and subordinated to the Adequate Protection Liens and the Cash Collateral Adequate Protection Liens of the Prepetition First Lien Secured Parties, the Prepetition First Liens, the DIP Liens and any Senior Third Party Liens.
Pursuant to the Intercreditor Agreement, the Second Lien Agent, on behalf of itself and other Second Lien Secured Parties, agreed that it will raise no objection to, will not contest, or is deemed to have consented to the Debtors’ use of Cash Collateral.
Notwithstanding the foregoing, no more than $50,000 of the Prepetition Collateral, Collateral, Cash Collateral, or the Carve Out, in the aggregate, may be used by the Committee to investigate, prior to the Challenge Deadline, the claims and liens of the First Lien Secured Parties and the Second Lien Secured Parties on the Prepetition Collateral.
To the extent the Plan is not confirmed, the Debtors, the First Lien Secured Parties, and the Second Lien Secured Parties reserve all rights with respect to the Plan and the treatment, classification, distributions, releases, and other benefits provided thereunder.
For all purposes throughout these Cases, the Second Lien Secured Parties shall be deemed to have requested relief from the automatic stay and adequate protection as of the Petition Date.