Examples of Second Lien Trustees in a sentence
The Junior Lien Collateral Agent, the Second Lien Trustees and each Junior Lien Representative represent and warrant that this Agreement is binding upon the Junior Lien Secured Parties.
The parties to this Second Lien Indenture agree that they will provide the Second Lien Trustees and the Collateral Agent with such information as it may request in order for the Second Lien Trustees and the Collateral Agent to satisfy the requirements of the U.S.A. Patriot Act.
Upon any bankruptcy or reorganization proceedings relating to the Company, each of the Second Lien Trustees shall serve as Paying Agent for the applicable New Second Lien Secured Notes.
The Company also shall deliver to the Second Lien Trustees within thirty (30) days after the occurrence thereof, written notice of any event which would constitute a Default, its status and what action the Company is taking or proposes to take in respect thereof.
The Company shall reimburse the each of the Second Lien Trustees, the Collateral Agent and the Conversion Agent promptly upon request for all reasonable disbursements, advances and expenses incurred or made by it in addition to the compensation for its services.
Each of the Second Lien Trustees is subject to TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b).
The parties hereto acknowledge that in accordance with Section 326 of the U.S.A. Patriot Act, each of the Second Lien Trustees and the Collateral Agent, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Second Lien Trustees or the Collateral Agent.
No amendment, modification or waiver of any provision of this Agreement shall be effective unless such amendment, modification or waiver shall be in a writing signed by the Senior Lien Collateral Agent, the Senior Lien Trustee, the Second Lien Collateral Agents and the Second Lien Trustees.
All agreements of each of the Second Lien Trustees and the Collateral Agent in this Second Lien Indenture shall bind its successors.
Each of the Second Lien Trustees or the Collateral Agent may make reasonable rules for action by or at a meeting of Holders.