Examples of Second Lien Term Facility in a sentence
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 full amount of the Second Lien Term Facility must be drawn in a single drawing on the Closing Date.
Any Declined Proceeds shall be offered to the lenders under the Second Lien Term Facility on a pro rata basis in accordance with the amounts of the Second Lien Term Loans of such lender (and each lender under the Second Lien Term Facility shall have the right to decline any prepayment with Declined Proceeds at the time and in the manner specified by the Administrative Agent).
It is agreed that each of the First Lien Arrangement Fee and the Second Lien Arrangement Fee shall be paid to each Commitment Party (after giving effect to this Joinder Agreement) for its own account in a ratable amount based on the aggregate principal amount of commitments with respect to the Senior First Lien Facilities and Senior Second Lien Term Facility on the date hereof, as the case may be, held by the Initial Lender affiliated with such Commitment Party.