Second Lien Term Facility definition

Second Lien Term Facility means the second lien term loan facility under the Second Lien Credit Agreement.

Second Lien Term Facility means the term loan agreement, dated as of April 24, 2012, by and among Holdings, as borrower, the lenders party thereto in their capacities as lenders thereunder and Wilmington Savings Fund Society, FSB, as administrative agent and collateral agent, including any guarantees, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications or restatements thereof.

Second Lien Term Facility means the collective reference to the Second Lien Term Agreement, any Loan Documents (as defined therein), any notes and letters of credit issued pursuant thereto and any guarantee and collateral agreement, patent and trademark security agreement, mortgages, letter of credit applications and other guarantees, pledge agreements, security agreements and collateral documents, and other instruments and documents, executed and delivered pursuant to or in connection with any of the foregoing, in each case as the same may be amended, supplemented, waived or otherwise modified from time to time, or refunded, refinanced, restructured, replaced, renewed, repaid, increased or extended from time to time (whether in whole or in part, whether with the original agent, lenders and other financial institutions or other agents, lenders and other financial institutions or otherwise, and whether provided under the original Second Lien Term Agreement or one or more other credit agreements, indentures (including this Indenture) or financing agreements or otherwise). Without limiting the generality of the foregoing, the term “Second Lien Term Facility” shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

Examples of Second Lien Term Facility in a sentence

• The full amount of the Second Lien Term Facility must be drawn in a single drawing on the Closing Date.

• Notwithstanding anything to the contrary in any Loan Document, the Borrower may make regularly scheduled payments of interest and fees on the Second Lien Term Facility or any Junior Financing, and may make any payments required by the terms of such Indebtedness in order to avoid the application of Section 163(e)(5) of the Code to such Indebtedness.

• Amounts borrowed under the Second Lien Term Facility that are repaid or prepaid may not be reborrowed.

• The Lenders will be permitted to assign loans under the Second Lien Term Facility without the consent of (but with notice to) the Borrower.

• No later than the 90th day after the Closing Date, the Borrower shall enter into Swap Contracts with terms and conditions and with a counterparty reasonably acceptable to the Administrative Agent covering such amount of Indebtedness of the Borrower or any Subsidiary such that at least 40% of the aggregate principal amount outstanding under the First Lien Term Facility and Second Lien Term Facility is subject to interest rate Swap Contracts or bears interest at fixed rates.

More Definitions of Second Lien Term Facility

Second Lien Term Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

Second Lien Term Facility means the term loan facility under the Second Lien Credit Agreement or any amendment, supplement, modification, substitution, replacement, restatement or refinancing thereof, in whole or in part, pursuant to a Permitted Refinancing from time to time, in each case as and to the extent permitted by this Agreement and the Term Loan Intercreditor Agreement.

Second Lien Term Facility the term loan facility incurred pursuant to the Second Lien Loan Documents.

Second Lien Term Facility. A senior secured second lien term loan facility (the “Second Lien Facility” and the loans thereunder the “Second Lien Loans”) in an aggregate principal amount of $190 million. Repayments and prepayments of the Second Lien Loans may not be re-borrowed.

Second Lien Term Facility has the meaning assigned to such term in the fifth recital hereto.

Second Lien Term Facility means the seven-and-a-half-year second lien term loan facility in aggregate principal amount of $430,000,000 under the Second Lien Credit Agreement.

Second Lien Term Facility has the meaning set forth in the recitals hereto.