Senior Lien Loan Documents definition
Examples of Senior Lien Loan Documents in a sentence
Upon receipt of the New Senior Lien Loan Documents, the Junior Lien Agent shall promptly enter into such documents and agreements (including amendments or supplements to this Agreement) as are reasonably necessary to provide to the New Senior Lien Agent the rights and powers expressly contemplated hereby, in each case consistent in all material respects with the terms of this Agreement.
This Agreement, the Senior Lien Loan Documents and the Junior Lien Loan Documents represent the entire agreement of the Grantors, the Senior Lien Claimholders and the Junior Lien Claimholders with respect to the subject matter hereof and thereof, and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof and thereof.
All payments received by the Senior Lien Collateral Agent or the Senior Lien Claimholders may be applied, reversed and reapplied, in whole or in part, to such part of the Senior Lien Obligations provided for in the Senior Lien Loan Documents.
Unless and until the Discharge of Senior Lien Obligations has occurred, the Senior Lien Collateral Agent and the other Senior Lien Claimholders shall have the sole and exclusive right, subject to the rights of the Grantors under the Senior Lien Loan Documents, to adjust settlement for any insurance policy covering the Collateral in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding (or any deed in lieu of condemnation) affecting the Collateral.
In the event of any conflict between the provisions of this Agreement and the provisions of the Senior Lien Loan Documents or the Junior Lien Loan Documents, the provisions of this Agreement shall govern and control.
The Junior Lien Collateral Agent, on behalf of itself and each other Junior Lien Claimholder, acknowledges and agrees that none of the Senior Lien Collateral Agent or any other Senior Lien Claimholder has made any express or implied representation or warranty, including with respect to the execution, validity, legality, completeness, collectability or enforceability of any of the Senior Lien Loan Documents, the ownership of any Collateral or the perfection or priority of any Liens thereon.
If any of the First Lien Collateral Agent, the Second Lien Collateral Agent or the Junior Lien Collateral Agent resigns or is replaced pursuant to the Senior Lien Loan Documents or the Junior Lien Loan Documents, as applicable, its successor and/or assign shall be deemed to be a party to this Agreement and shall have all the rights of, and be subject to all the obligations of, this Agreement.
Each Senior Lien Claimholder will retain all rights to indemnification provided in the relevant Senior Lien Loan Documents for all claims and other amounts relating to periods prior to the purchase of the Senior Lien Obligations pursuant to this Section 5.7.
FS shall not unreasonably withhold consent provided the Buyer has fully performed all of its obligations under the Agreement through the date of transfer or assignment.
Upon receipt of the New Senior Lien Loan Documents, the Junior Lien Agents shall promptly enter into such documents and agreements (including amendments or supplements to this Agreement) as are reasonably necessary to provide to the New Senior Lien Agent the rights and powers expressly contemplated hereby, in each case consistent in all material respects with the terms of this Agreement.