Examples of Senior Secured Lender in a sentence
The Senior Secured Lender shall have released any and all liens and Claims on the assets of Lighthouse and the Debtors other than those rights provided pursuant to this Plan, the Restructuring Support Agreement, and the Reclamation Trust Entity Agreement.
Neither the BAI Agent, the BIPCO Agent, any Senior Secured Lender nor any of their respective directors, officers, employees or agents shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of any Loan Party, the Trustee or any other Person or to take any other action whatsoever with regard to the Collateral or any part thereof.
The Administrative Agent under the Senior Secured Credit Agreement shall be the Disbursing Agent for the holders of Senior Secured Lender Claims.
The Senior Secured Lenders shall have the right to rely upon this Article IX, and no amendment or modification of the provisions contained herein (or in the definition of any defined term used in any of the provisions of this Article IX) shall diminish the rights of the Senior Secured Lender unless the Senior Secured Lenders shall have agreed in writing thereto.
In March 2023, the Company entered into an amendment to the Credit Agreement by which the Senior Secured Lender waived and deferred enforcement of certain covenants which require the company to maintain a specific minimum debt service coverage ratio beginning with the quarter ending on June 30, 2023.