Second Lien Term Loan Obligations definition

Second Lien Term Loan Obligations means the Initial Second Lien Term Loan Obligations and the Additional Second Lien Term Loan Obligations.

Second Lien Term Loan Obligations means any and all loans and all other obligations, liabilities and indebtedness of every kind, nature and description, whether now existing or hereafter arising, whether arising before, during or after the commencement of any case with respect to any Second Lien Term Loan Credit Party under the Bankruptcy Code or any other Insolvency Proceeding, owing by each Second Lien Term Loan Credit Party from time to time to the Second Lien Term Loan Agent, the “administrative agent” or “agent” under the Second Lien Term Loan Credit Agreement, the Second Lien Term Loan Credit Agreement Lenders or any of them, including any Second Lien Term Loan Bank Products Affiliates, any Second Lien Term Loan Hedging Affiliates, any Second Lien Term Loan Bank Products Providers or any Second Lien Term Loan Hedging Providers under any Second Lien Term Loan Document, whether for principal, interest (including interest and fees which, but for the filing of a petition in bankruptcy with respect to such Second Lien Term Loan Credit Party, would have accrued on any Second Lien Term Loan Obligation, whether or not a claim is allowed against such Second Lien Term Loan Credit Party for such interest and fees in the related bankruptcy proceeding), reimbursement for amounts drawn under letters of credit, payments for early termination of Hedging Agreements, fees, expenses, indemnification or otherwise, and all other amounts owing or due under the terms of the Second Lien Term Loan Documents, as amended, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from time to time.

Second Lien Term Loan Obligations means the principal amount of all Future Second Lien Term Indebtedness plus any interest, fees, attorneys fees, costs, expenses and indemnities payable on account of such principal amount or otherwise in respect of, or arising under, the Term Facility Debt Documents related to such Future Second Lien Term Indebtedness, including all fees and expenses of the collateral agent for any Future Second Lien Term Indebtedness plus all interest and expenses accrued or accruing (or that would, absent the commencement of an Insolvency or Liquidation Proceeding, accrue) after the commencement of an Insolvency or Liquidation Proceeding in accordance with and at the rate specified in the relevant Term Facility Debt Document to the extent that the claim for such interest or expense is allowed or allowable as a claim in such Insolvency or Liquidation Proceeding.

Examples of Second Lien Term Loan Obligations in a sentence

• This Agreement is a continuing agreement and shall (a) remain in full force and effect until the Discharge of ABL Obligations, the Discharge of First Lien Term Loan Obligations, the Discharge of Second Lien Term Loan Obligations and the Discharge of Additional Term Obligations shall have occurred, (b) be binding upon the Parties and their successors and assigns, and (c) inure to the benefit of and be enforceable by the Parties and their respective successors, transferees and assigns.

• The Debtors and, after the Effective Date, the Reorganized Debtors, shall continue to pay, reimburse and honor Contingent DIP ABL Obligations, Contingent DIP Term Obligations, Contingent Prepetition ABL Obligations, Contingent First Lien Term Loan Obligations, and Contingent Second Lien Term Loan Obligations.

• None of the First Lien Term Loan Agent, the Second Lien Term Loan Agent, the ABL Agent and any Additional Term Agent has any responsibility for keeping any other Party informed of the financial condition of the Credit Parties or of other circumstances bearing upon the risk of nonpayment of the ABL Obligations, the First Lien Term Loan Obligations, the Second Lien Term Loan Obligations or any Additional Term Obligations.

• The Confirmation Order shall be a judicial determination of the discharge of all Claims and Interests subject to the occurrence of the Effective Date, except as otherwise specifically provided in the Plan (including, with respect to the Contingent DIP ABL Obligations, the Contingent DIP Term Obligations, the Contingent Prepetition ABL Obligations, the Contingent First Lien Term Loan Obligations, and the Contingent Second Lien Term Loan Obligations, in each case which are not discharged hereunder).

• Nothing in this Agreement is intended to or shall impair the rights of the Company or any other Credit Party, or the obligations of the Company or any other Credit Party to pay the ABL Obligations, the First Lien Term Loan Obligations, the Second Lien Term Loan Obligations and any Additional Term Obligations as and when the same shall become due and payable in accordance with their terms (such obligations to pay being absolute and unconditional).

More Definitions of Second Lien Term Loan Obligations

Second Lien Term Loan Obligations means all Obligations outstanding under the Second Lien Term Loan Agreement and the other Second Lien Loan Documents. "Second Lien Term Loan Obligations" shall include all interest accrued or accruing (or which would, absent commencement of an Insolvency or Liquidation Proceeding, accrue) after commencement of an Insolvency or Liquidation Proceeding in accordance with the rate specified in the relevant Second Lien Loan Document whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding.

Second Lien Term Loan Obligations the unpaid principal of and interest on (including interest accruing after the maturity of the loan provided under the Second Lien Term Loan Agreement and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to any loan party under the Second Lien Term Loan Agreement whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) the Second Lien Term Loans and all other obligations and liabilities of the loan parties to the arranger thereunder, to any agent thereunder, to any lender thereunder, or to any Indemnitee thereunder, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with the Second Lien Term Loan Agreement, any other loan document referred to therein or any other document made, delivered or given in connection herewith or therewith, whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses (including all fees, charges and disbursements of counsel to such arranger, to any such agent or to any such lender that are required to be paid by any such loan party pursuant the Second Lien Term Loan Agreement or to any other loan document referred to therein) or otherwise.

Second Lien Term Loan Obligations means all Obligations outstanding under the Second Lien Term Loan Agreement and the other Second Lien Term Loan Credit Documents, including Hedge Agreements. Notwithstanding the foregoing, if the aggregate principal amount of Indebtedness (as defined in the Second Lien Term Loan Agreement) constituting principal outstanding under the Second Lien Term Loan Agreement and the other Second Lien Term Loan Credit Documents (other than Hedge Agreements) is in excess of the sum of (A) $115,000,000 plus (B) the aggregate amount of interest capitalized as principal pursuant to the terms of the Second Lien Term Loan Agreement, in the aggregate (the “Second Lien Term Loan Cap Amount”), then only that portion of such Indebtedness (as defined in the Second Lien Term Loan Agreement) equal to the Second Lien Term Loan Cap Amount plus Indebtedness in respect of Hedging Obligations shall be included in Second Lien Term Loan Obligations and interest, fees, expenses and indemnification obligations with respect to such Indebtedness (as defined in the Second Lien Term Loan Agreement) and Hedging Obligations shall only constitute Second Lien Term Loan Obligations to the extent related to Indebtedness (as defined in the Second Lien Term Loan Agreement) and Hedging Obligations included in the Second Lien Term Loan Obligations.

Second Lien Term Loan Obligations means the following:

Second Lien Term Loan Obligations shall include all Post-Petition Interest.

Second Lien Term Loan Obligations shall have the meaning specified for the term “Obligations” in the Second Lien Term Loan Credit Agreement.

Second Lien Term Loan Obligations means all obligations of every nature from time to time owed by Holdings or any of its Subsidiaries to any agent (including any former agent) or any lender or creditor under the Second Lien Term Loan Documents, whether for principal, interest (including interest which, but for the filing of a petition in bankruptcy with respect to the Borrower or any of its Subsidiaries, would have accrued on any such obligations, whether or not a claim is allowed against the Borrowers or any of their Subsidiaries for such interest in the related bankruptcy proceeding), fees, expenses, make whole premiums, prepayment premiums, indemnification or otherwise.