Examples of Second Lien Term Loan Facility in a sentence
On the Effective Date, Reorganized Quoizel and/or its designated affiliate and the Exit Second Lien Term Loan Facility Lender Parties shall consummate the Exit Second Lien Term Loan Facility on the terms, and subject to the conditions, set forth herein and otherwise acceptable to Reorganized Quoizel and the Exit Second Lien Term Loan Facility Lender Parties.
As part of the exchange, each exchanging holder of the Second Lien Term Loan Facility was deemed to consent to certain amendments to the Second Lien Credit Agreement that eliminated substantially all of the restrictive covenants and events of default.
The 1.5 Lien Notes are secured by liens that are junior in priority to the liens securing the RBL Facility and senior in priority to the liens securing the1.75 Lien Term Loan Facility and the Second Lien Term Loan Facility on substantially all of the Debtors’ assets.
This agreement required the consent of certain lenders under the Second Lien Term Loan Facility that could not be obtained.
The 1.75 Lien Term Loan Facility is secured by liens that are junior in priority to the liens securing the RBL Facility and the 1.5 Lien Notes and senior in priority to the liens securing the Second Lien Term Loan Facility on substantially all of the Debtors’ assets.