Second Lien Standstill Period definition

Second Lien Standstill Period has the meaning assigned to such term in Section 3.02(a)(i).

Second Lien Standstill Period has the meaning given to that term in Clause 8.12 (Permitted Enforcement: Second Lien Creditors).

Second Lien Standstill Period shall have the meaning set forth in Section 3.1(a).

Examples of Second Lien Standstill Period in a sentence

• The Permitted Second Lien Financing Creditors may take Enforcement Action under Clause 5.8 (Permitted Second Lien enforcement) in relation to a Relevant Second Lien Default even if, at the end of any relevant Second Lien Standstill Period or at any later time, a further Second Lien Standstill Period has begun as a result of any other Permitted Second Lien Financing Event of Default.

• The Second Lien Secured Creditors may take Enforcement Action under Clause 5.8 (Permitted Second Lien enforcement) in relation to a Relevant Second Lien Default even if, at the end of any relevant Second Lien Standstill Period or at any later time, a further Second Lien Standstill Period has begun as a result of any other Second Lien Event of Default.

• The Second Lien Creditors may take Enforcement Action under Clause 7.13 (Permitted Second Lien Enforcement) in relation to a Relevant Second Lien Default even if, at the end of any relevant Second Lien Standstill Period or at any later time, a further Second Lien Standstill Period has begun as a result of any other Second Lien Event of Default.

• The Second Priority Agent, on behalf of the Second Priority Secured Creditors, confirms that as of the date hereof, the Second Priority Agent has not delivered a written notice of the acceleration of the Indebtedness outstanding under the Second Priority Debt Documents to the First Priority Agent and that the Second Lien Standstill Period has not commenced.

More Definitions of Second Lien Standstill Period

Second Lien Standstill Period has the meaning set forth in Section 2.5(a).

Second Lien Standstill Period means the period commencing on the date of a Second Lien Default and ending upon the date which is the earliest of (a) acceleration of the First Lien Obligations, (b) commencement of an Insolvency Proceeding, (c) 150 days after the First Lien Agent has received a Second Lien Default Notice with respect to such Second Lien Default and (d) the date on which the First Lien Obligations have been Paid in Full.

Second Lien Standstill Period as defined in Section 3.1(a). "Subordinated Adequate Protection Payments" as defined in Section 6.3.

Second Lien Standstill Period has the meaning given to that term in Clause 7.14 (Second Lien Standstill Period);

Second Lien Standstill Period has the meaning given to it in paragraph (a)(ii)(A) of Clause 6.10 (Permitted Second Lien Enforcement).