Second Lien Term Secured Parties definition

Second Lien Term Secured Parties shall have the meaning assigned to that term in the introduction to this Agreement and all other Persons holdings Second Lien Term Obligations.

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Second Lien Term Secured Parties has the meaning assigned to such term in the Intercreditor Agreement.

Second Lien Term Secured Parties and, together with the First Lien Term Secured Parties, collectively, the “Term Secured Parties”), and acknowledged and agreed to by the Initial Borrower, the Borrower, Holdings and the other ABL Guarantors (as such terms are defined below).

Examples of Second Lien Term Secured Parties in a sentence

• The Intercreditor Agreement governs the relative rights and priorities of the Secured Parties, the Second Lien Term Secured Parties (as defined below) and the ABL Secured Parties (as defined below) in respect of the Term Priority Collateral (as defined below) and the ABL Priority Collateral (as defined below) and with respect to certain other matters as described therein.

• Nothing in this Agreement shall be deemed to modify the rights, remedies and obligations as between the First Lien Term Agent and the First Lien Secured Parties, on the one hand, and the Second Lien Term Agent and the Second Lien Term Secured Parties, on the other hand, as set forth in the Term Loan Intercreditor Agreement.

• Nothing in this Agreement shall be deemed to modify the rights, remedies and obligations as between the First Lien Term Agent and the First Lien Secured Parties, on the one hand, and any Second Lien Term Agent and any Second Lien Term Secured Parties, on the other hand, as set forth in the Term Loan Intercreditor Agreement.

• By: Name: Title: Acknowledged by: By: Name: Title: CREDIT SUISSE AG, as Representative for the Initial First Lien Term Secured Parties, By: Name: Title: By: Name: Title: CREDIT SUISSE AG, as Representative for the Initial Second Lien Term Secured Parties By: Name: Title: By: Name: Title: [FORM OF] REPRESENTATIVE SUPPLEMENT NO.

• The Initial Second Lien Term Agent represents and warrants that this Agreement is binding upon the Initial Second Lien Term Secured Parties.

• The Borrower and each Guarantor hereby acknowledges that it has received a copy of this Amendment as in effect on the date hereof and consents thereto, agrees to recognize all rights granted thereby to the ABL Agent, the ABL Secured Parties, the First Lien Term Agent, the First Lien Term Secured Parties, the Second Lien Term Agent and the Second Lien Term Secured Parties.

• Until such time as the Second Lien Term Agent may become the Term Agent under the Intercreditor Agreement as provided in the preceding sentence, the Second Lien Term Agent and the other Second Lien Term Secured Parties shall only have the rights and obligations of Term Secured Parties under the Intercreditor Agreement and not the rights or the obligations of the Term Agent.

More Definitions of Second Lien Term Secured Parties

Second Lien Term Secured Parties means each Second Lien Term Agent and all Second Lien Term Lenders.

Second Lien Term Secured Parties means, collectively, (i) the Second Lien Term Administrative Agent, (ii) the Second Lien Term Collateral Agent, (iii) each other agent under the Second Lien Term Credit Agreement and (iv) each Person that is a lender under the Second Lien Term Credit Agreement.