Examples of Second Lien Term Loan Agreement in a sentence
For the avoidance of doubt, to the extent that the Borrower Representative exercises the Equity Cure Right, no Loan Party or Subsidiary thereof shall be permitted to make cash payments in respect of the Second Lien Term Loan Agreement or to incur any new Indebtedness, and/or to make any Restricted Payments pursuant to Sections 5.10(e) or (f) or Investments pursuant to Section 5.4(i) for the subsequent twelve (12) calendar months.
No Borrower shall, and no Borrower shall suffer or permit any of its Subsidiaries to, amend or modify (a) any Subordinated Indebtedness Documents except as may otherwise be permitted under the applicable Subordination Agreement, (b) the Emmis Subordinated Note, (c) the Second Lien Term Loan Agreement except as may otherwise be permitted under the Intercreditor Agreement, or (d) the Preferred Stock Articles, in each case, without the prior written consent of the Term Agent.