Second Lien Secured Party definition

Second Lien Secured Party means the Holders of the Notes, the Trustee and the Collateral Agent.

Second Lien Secured Party means the Persons holding any Second Lien Obligations.

Second Lien Secured Party or “Second Lien Secured Parties” or (as applicable) “Term Loan Secured Party”, “Term Loan Secured Parties”, “Other Second Lien Secured Party” or “Other Second Lien Secured Parties” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Second Lien Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Company or any Subsidiary or other Affiliate thereof as if such Person were not the Second Lien Agent hereunder and without any duty to account therefor to any other Second Lien Secured Party.

Examples of Second Lien Secured Party in a sentence

• In exercising rights and remedies with respect to the Collateral, the Priority Lien Agent and the other Priority Lien Secured Parties may enforce the provisions of the Priority Lien Documents and exercise remedies thereunder, all in such order and in such manner as they may determine in their sole discretion and regardless of whether such exercise and enforcement is adverse to the interest of any Second Lien Secured Party or Third Lien Secured Party.

• By accepting the benefits of this Agreement and the other Second Lien Security Documents, each Second Lien Secured Party authorizes the Second Lien Collateral Trustee to enter into this Agreement and to act on its behalf as collateral agent hereunder and in connection herewith.

• The Priority Lien Agent is hereby authorized to make any such endorsements as agent for the Second Lien Collateral Trustee, any other Second Lien Secured Party, the Third Lien Collateral Trustee or any other Third Lien Secured Party, as applicable.

• Until the Discharge of First Lien Obligations has occurred, if the Second Lien Collateral Agent or any other Second Lien Secured Party shall, at any time, receive any proceeds of any such insurance policy or any such award or payment, it shall transfer and pay over such proceeds to the First Lien Collateral Agent in accordance with Section 4.02.

• Nothing contained in this Agreement is intended to subordinate any debt claim by a Second Lien Secured Party to a debt claim by a First Lien Secured Party.

More Definitions of Second Lien Secured Party

Second Lien Secured Party means any of or, in the plural form, all of the Second Lien Security Trustee, the Lender and the FRBNY as assignee of AIG Funding under the Parent Credit Agreement, the Pledge Agreement, the AIG Funding Pledge Supplement and related agreements.

Second Lien Secured Party means the Second Lien Agent, the Second Lien Lenders (or their affiliates), and any other holders of Second Lien Obligations, including replacement Second Lien Lenders, and Collateral Agent, acting in its capacity as collateral agent for the benefit of Second Lien Secured Parties under any Shared Security Document.

Second Lien Secured Party means each Second Lien Finance Party from time to time party to this Agreement and any Receiver or Delegate.

Second Lien Secured Party means "Secured Party", as defined in the Second Lien Credit Agreement.

Second Lien Secured Party means TCO in its capacities as a party under the Second Lien Commodities Purchase Facilities Documents, together with any successors or assigns in such capacity.

Second Lien Secured Party means the holders of Second Lien Obligations, the Collateral Agent, the trustee and any agent, trustee and/or similar representative of any Pari Passu Secured Debt.

Second Lien Secured Party as defined in section 4(e) of this Agreement.