Second Priority Term Loan Agreement definition
Examples of Second Priority Term Loan Agreement in a sentence
Unless otherwise defined herein, terms defined in the Second Priority Term Loan Agreement and used herein shall have the meanings given to them in the Second Priority Term Loan Agreement.
Second Priority Term Loan Agreement, Revolving Loan Agreement and First Priority Term Loan Documents .........
In addition, this Assignment Agreement constitutes notice to the Administrative Agent, pursuant to Section 12.06 of the Second Priority Term Loan Agreement, of the assignment and delegation to the Assignee of the Assigned Portion of the Second Priority Term Loans of the Assignor outstanding under the Second Priority Term Loan Agreement as of the Effective Date, subject to its written consents.
Upon the occurrence of any Event of Default, all principal and all accrued interest then remaining unpaid on this Second Priority Term Loan Note shall become, or may be declared to be, immediately due and payable, all as provided in, and subject to, the Second Priority Term Loan Agreement.
The Borrower further agrees to pay interest in like money at the Principal Office on the unpaid principal amount hereof from time to time outstanding at the rates and on the dates specified in Section 2.05 of the Second Priority Term Loan Agreement.
The Borrower hereby gives you notice in accordance with Section 2.01 of the Second Priority Term Loan Agreement that the Borrower irrevocably requests that a Second Priority Term Loan be made on March 23, 2004 (which date is a Business Day), which shall be a LIBOR Rate Loan in an aggregate principal amount of $100,000,000 with an initial Interest Period ending March 31, 2004.
The Assignee confirms and agrees that in becoming a Lender and in making its Second Priority Term Loans under the Second Priority Term Loan Agreement, such actions have and will be made without recourse to, or representation or warranty by, the Administrative Agent, except for the representations expressly set forth below.
The Borrower hereby gives you notice, irrevocably, pursuant to Section 2.06 of the Second Priority Term Loan Agreement, that the Borrower hereby requests a [CONTINUATION] [CONVERSION] of Second Priority Term Loans under the Second Priority Term Loan Agreement and, in connection therewith, sets forth below the information relating to such [CONTINUATION] [CONVERSION] (the "Proposed [CONTINUATION] [CONVERSION]") as required by Section 2.06 of the Second Priority Term Loan Agreement.
This Second Priority Term Loan Note is subject to the limitations on recourse set forth in Section 12.22 of the Second Priority Term Loan Agreement.
Following the execution of this Assignment Agreement, it will be delivered to the Administrative Agent for recording by the Administrative Agent pursuant to Section 12.06 of the Second Priority Term Loan Agreement, effective as of the Effective Date.