Second Lien Term Lender definition

Second Lien Term Lender means any Holder of a Second Lien Term Loan Claim.
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Second Lien Term Lender shall have the meaning assigned to that term in the introduction to this Agreement, and shall include any Person that is a “Lender” or similar term under any Second Lien Term Credit Agreement.
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Second Lien Term Lender means JPMorgan Chase Bank, N.A. in its capacity as a lender to the Borrower under the Second Lien Credit Agreement.
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Examples of Second Lien Term Lender in a sentence

  • Borrower will not, nor will it permit any Guarantor to, give any party (other than the depository institution holding the Lockbox Account, the Collateral Agent or the Second Lien Term Lender) control over any Lockbox Account.

  • Subject to the terms and conditions set forth herein, each Second Lien Term Lender agrees to make a loan to the Borrower denominated in Dollars (a “Second Lien Term Loan”) on the Closing Date in an aggregate amount not to exceed the amount of its Second Lien Term Commitment.

  • No Person other than the Agents, the Second Lien Term Lender, and the institution at which a lockbox account is held, has control over any lockbox account owned by the Borrower or by any Guarantor.

  • Each Second Lien Term Lender irrevocably agrees that the Administrative Agent is authorized by it to enter on its behalf into amendments or modifications to the Second Lien Security Documents as the Administrative Agent may reasonably require to assure that such additional Indebtedness is secured by the Collateral ratably with the existing Second Lien Term Loans.

  • Notwithstanding the foregoing, each Lender under the Second Priority Credit Facility (each a “Second Lien Term Lender”) shall have the right to reject its pro rata share of any mandatory prepayment described above, in which case the amounts so rejected shall be offered ratably to each non-rejecting Second Lien Term Lender.

  • Xxxxxx Title: Vice President JPMORGAN CHASE BANK, N.A., as a Second Lien Term Lender By: /s/Xxxx X.

  • From and after the Tranche A Second Lien Term Closing Date, each Second Lien Term Lender executing and delivering a signature page to this Incremental Assumption Agreement shall become a party to the Credit Agreement and shall have the rights and obligations of a Tranche A Second Lien Term Lender or Tranche B Second Lien Term Lender, as applicable, thereunder and under the other Loan Documents and shall be bound by the provisions thereof.


More Definitions of Second Lien Term Lender

Second Lien Term Lender each Lender that has a Second Lien Term Commitment or, following the termination of the Second Lien Term Loan Commitments, has a Second Lien Term Loan outstanding.
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Related to Second Lien Term Lender

  • Second Lien Term Loans means the “Term Loans” under and as defined in the Second Lien Credit Agreement.

  • First Lien Term Loans means the “Term Loans” (or any comparable term) as defined in the First Lien Credit Agreement.

  • Refinancing Term Lender has the meaning specified in Section 2.15(c).

  • Tranche B Term Lender each Lender that has a Tranche B Term Commitment or that holds a Tranche B Term Loan.

  • New Term Lender a Lender that has a New Term Loan.

  • New Term Loan Lender shall have the meaning provided in Section 2.14(c).

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Term Lender means, at any time, any Lender that has a Term Commitment or a Term Loan at such time.

  • Tranche B Term Loan Lender means a Lender with a Tranche B Term Loan Commitment or an outstanding Tranche B Term Loan.

  • Tranche A Term Loan Lender means a Lender with a Tranche A Term Loan Commitment or an outstanding Tranche A Term Loan.

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • Initial Term Lender means a Lender with an Initial Term Commitment or an outstanding Initial Term Loan.

  • Incremental Term Loan Lender shall have the meaning provided in Section 2.15(b).

  • Term Loan Lender means a Lender with a Term Loan Commitment or an outstanding Term Loan.

  • Required Term Loan Lenders means, at any date, Non-Defaulting Lenders having or holding a majority of the sum of (i) the Adjusted Total Term Loan Commitment at such date and (ii) the aggregate outstanding principal amount of the Term Loans (excluding Term Loans held by Defaulting Lenders) at such date.

  • Tranche A Term Lender each Lender that has a Tranche A Term Commitment or that holds a Tranche A Term Loan.

  • Requisite Term Loan Lenders shall in no event mean less than two Term Loan Lenders.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Closing Dates thereof among the Borrower, the other Credit Parties from time to time party thereto, the Second Lien Lenders and the Second Lien Administrative Agent, as the same may be amended, restated and/or modified from time to time subject to the terms thereof.

  • Required Term Lenders means, as of any date of determination, Term Lenders holding more than 50% of the Term Facility on such date; provided that the portion of the Term Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term Lenders.

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Incremental Term Lender means a Lender with an Incremental Term Loan Commitment or an outstanding Incremental Term Loan.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Incremental Term Lenders (a) on any Increased Facility Activation Date relating to Incremental Term Loans, the Lenders signatory to the relevant Increased Facility Activation Notice and (b) thereafter, each Lender that is a holder of an Incremental Term Loan.

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).

  • Majority Term Lenders at any time, (a) if only one Term Lender holds the Term Loan, such Term Lender; and (b) if more than one Term Lender holds the Term Loan, at least two Term Lenders who hold more than 50% of the principal sum of all Term Loans outstanding; provided that the portion of the Term Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Term Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

  • Second Lien Bank Loan means a Bank Loan (other than a First Lien Bank Loan and a Last Out Loan) that is entitled to the benefit of a first and/or second lien and first and/or second priority perfected security interest on all or substantially all of the assets of the respective borrower and guarantors obligated in respect thereof.