Second Lien Transactions f c \l “2” \* MERGEFORMAT AUTONF D3_TC. On the Seventh Amendment Effective Date the Borrowers have received the proceeds (net of fees and expenses) of the Second Lien Notes in an aggregate principal amount of not less than $500,000,000 in accordance with Section 4.01(g), and have paid in full the 5.625% senior secured second lien notes due 2026 in the aggregate principal amount of $315,000,000 issued by the Borrowers on the Effective Date. All representations and warranties of any Loan Party contained in any Second Lien Document are true and correct in all material respects when made. As of the Seventh Amendment Effective Date, all Second Lien Documents (including without limitation all additional Second Lien Documents and all amendments and other modifications to be executed as of the Effective Date) are described on Schedule 3.25. As of the Seventh Amendment Effective Date, there are no other material documents, agreements or instruments evidencing the Second Lien Obligations or otherwise entered into in connection with the Second Lien Obligations other than as described on Schedule 3.25. Complete and accurate copies of all documents, agreements or instruments described on Schedule 3.25 have been delivered to the Administrative Agent on or prior to the Seventh Amendment Effective Date. There is no event of default or event or condition which could become an event of default with notice or lapse of time or both, under any Second Lien Document and the Second Lien Documents are in full force and effect. The execution, delivery and performance by the Loan Parties of the Loan Documents, the borrowing of Loans and other credit extensions hereunder and the use of the proceeds thereof will not violate or result in a default under any Second Lien Document or give rise to a right thereunder to require any payment to be made by any Loan Party under any Second Lien Document.
Second Lien Transactions is defined in the recitals hereto. “Subsidiary Guarantor” is defined in the preamble hereto. SECTION 2. EXCHANGE OF EXISTING TERM LOANS, AGREEMENT TO MAKE 2018 REFINANCING TERM LOANS AND 2018 UPSIZE TERM LOANS.
Second Lien Transactions. “Secured Parties”; “Second Lien Secured Parties”; “Security Documents”; “Subsidiary” ; “Term C Lender” and “Term C Loans”.
Examples of Second Lien Transactions in a sentence
For the avoidance of doubt, the Permitted Payments basket described above in the Second Lien Transactions Overview will not apply to the New Senior Unsecured Notes.
For this reason, the Committee is commencing anadversary proceeding to avoid the Second Lien Transactions as actual fraudulent transfers.
More Definitions of Second Lien Transactions
Second Lien Transactions is defined in the recitals hereto.
Second Lien Transactions means all transactions, other than the Original Transactions, contemplated by this Agreement.