Third Lien Claimholders definition

Third Lien Claimholders means the “Third Lien Secured Parties” as defined in the Third Lien Loan Documents.
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Third Lien Claimholders means, at any relevant time, the holders of the Third Lien Obligations at that time, including the Third Lien Lenders and the agents under the Secured Note Facility Documents, provided that, with respect to any vote, consent or other action by the Third Lien Claimholders, “Third Lien Claimholders” shall mean the Third Lien Claimholders acting with such percentage vote as may be required by the Secured Note Facility Documents.
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Third Lien Claimholders means, as of any date of determination, the holders of Extended Prepetition Debt in their capacity as such and the Third Lien Agent.
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Examples of Third Lien Claimholders in a sentence

  • Senior Lien Agent (and, with respect to proceeds of ABL Priority Collateral, the Revolving Agent) is hereby authorized to make any such endorsements as agent for the Third Lien Claimholders and this authorization is coupled with an interest and is irrevocable until the Discharge of Senior Lien Obligations.

  • The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Senior Representatives, the Senior Collateral Agents, the other Senior Claimholders, the Third Lien Representative, the Third Lien Collateral Agent and the other Third Lien Claimholders.

  • Third Lien Agent agrees that it shall not, and nor shall any of the Third Lien Claimholders, absent the prior written consent of Senior Lien Agent, directly or indirectly, provide, offer to provide, or support any DIP Financing unless the Discharge of Senior Lien Obligations occurs upon the closing of such DIP Financing.

  • Except for the arrangements contemplated by Section 6.5, none of the Senior Representatives, the Senior Collateral Agents or the Senior Claimholders shall be responsible for perfecting and maintaining the perfection of Liens with respect to the Collateral for the benefit of the Third Lien Representative, the Third Lien Collateral Agent or the Third Lien Claimholders.

  • Except as otherwise provided herein, the Third Lien Claimholders will be entitled to manage and supervise their respective loans and extensions of credit under the Third Lien Loan Documents in accordance with law and as they may otherwise, in their sole discretion, deem appropriate.

  • The Third Lien Representative and the Third Lien Collateral Agent, for itself or on behalf of any Third Lien Claimholders represented by it, promptly shall execute and deliver to the Senior Representatives, the Senior Collateral Agents or such Guarantor Subsidiary such termination statements, releases and other documents as the any Senior Representative, any Senior Collateral Agent or such Grantor may request to effectively confirm the foregoing releases.

  • The Third Lien Representative and the Third Lien Collateral Agent, on behalf of itself and the Third Lien Claimholders, and the Third Lien Claimholders, hereby waives any right it may have under applicable law to revoke this Agreement or any of the provisions of this Agreement.

  • This Agreement, the Senior Loan Documents and the Third Lien Loan Documents represent the entire agreement of the Grantors, the Senior Claimholders and the Third 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.

  • This Agreement shall be binding upon the Senior Representatives, the Senior Collateral Agents, the other Senior Claimholders, the Third Lien Representative, the Third Lien Collateral Agent, the other Third Lien Claimholders, the Company and the other Grantors, and their respective successors and assigns from time to time.

  • In addition, if Senior Lien Agent objects to any use of Cash Collateral or DIP Financing, then Third Lien Agent, for itself and on behalf of the Third Lien Claimholders in their capacity as holders of secured claims, shall join such objection by Senior Lien Agent, provided such objection is not in contravention of the express terms of this Agreement and except in the event the DIP Financing has been proposed by the Third Lien Agent or any of the Third Lien Claimholders consistent with this Agreement.


More Definitions of Third Lien Claimholders

Third Lien Claimholders means, at any relevant time, the holders of Third Lien Obligations at that time, including the Third Lien Holders, the Third Lien Trustee and the other agents under the Third Lien Notes Documents.
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Related to Third Lien Claimholders

  • Second Lien Claimholders means, at any relevant time, the holders of Second Lien Obligations at that time, including the Second Lien Lenders and the agents under the Second Lien Loan Documents.

  • First Lien Claimholders means, at any relevant time, the holders of First Lien Obligations at that time, including the First Lien Lenders and the agents under the First Lien Loan Documents.

  • Claimholders means the First Lien Claimholders and/or the Second Lien Claimholders, as the context may require.

  • First Lien Claims means, collectively, Claims against the Debtors arising under the Prepetition Term Loan Agreement.

  • Second Lien Agent means the administrative agent under the Second Lien Credit Agreement.

  • ABL Agent means Bank of America, N.A., acting in its capacity as collateral agent under the ABL Facility, or any successor thereto in such capacity.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Original Closing Date, among Holdings, the Borrower, as borrower, the lenders party thereto and Credit Suisse AG, Cayman Islands Branch, as administrative agent, as such document may be amended, renewed, restated, supplemented or otherwise modified from time to time.

  • First Lien Agent has the meaning given to such term in the Intercreditor Agreement.

  • Senior Creditors means creditors of the Issuer: (a) who are unsubordinated creditors of the Issuer; (b) whose claims are, or are expressed to be, subordinated to the claims of unsubordinated creditors of the Issuer but not further or otherwise; or (c) whose claims are, or are expressed to be, junior to the claims of other creditors of the Issuer, whether subordinated or unsubordinated, other than those whose claims rank, or are expressed to rank, pari passu with, or junior to, the claims of the Holders in a winding-up in respect of the Securities (and, for the avoidance of doubt, Senior Creditors shall include holders of Tier 2 Capital instruments);

  • Subordinated Creditors means all creditors the indebtedness of which is subordinated, in the event of the Winding-Up of DSB, in right of payment to the claims of depositors and other unsubordinated creditors of DSB other than those whose claims rank or is expressed to rank by operation of law or contract pari passu with, or junior to, the claims of the Noteholders. For this purpose indebtedness shall include all liabilities, whether actual or contingent;

  • Senior Lenders means each of the lenders from time to time under the Senior Credit Agreement.

  • First Lien Credit Agreement has the meaning set forth in the recitals hereto.

  • Junior Representative means, with respect to any series of Permitted Junior Debt, the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Permitted Junior Debt is issued, incurred or otherwise obtained and each of their successors in such capacities.

  • Priority Lien Secured Parties means the holders of Priority Lien Obligations and any Priority Debt Representatives.

  • Priority Lien Cap means $10.0 million.

  • Second Priority Representative means (i) in the case of the Initial Second Priority Debt Facility covered hereby, the Initial Second Priority Representative and (ii) in the case of any Second Priority Debt Facility and the Second Priority Debt Parties thereunder the trustee, administrative agent, collateral agent, security agent or similar agent under such Second Priority Debt Facility that is named as the Representative in respect of such Second Priority Debt Facility in the applicable Joinder Agreement.

  • ABL Secured Parties means “Secured Parties” as defined in the ABL Credit Agreement.

  • Junior Creditor means any Defaulting Bank which has not (x) fully cured each and every default on its part under the Loan Documents and (y) unconditionally tendered to the Administrative Agent such Defaulting Bank’s Pro Rata Share of all costs, expenses and disbursements required to be paid or reimbursed pursuant to the terms of the Loan Documents.

  • Secured Creditors shall have the meaning assigned that term in the respective Security Documents.

  • Second Lien Secured Parties means the holders of Second Lien Obligations and any Second Lien Debt Representatives.

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • First Lien Credit Documents means the “Credit Documents” as defined in the First Lien Credit Agreement.

  • ABL Lenders means the “Lenders” under and as defined in the ABL Credit Agreement.

  • Second Lien Collateral Agent means the “Collateral Agent” as defined in the Second Lien Credit Agreement.

  • Senior Creditor means a holder or holders of Senior Indebtedness and includes any representative or representatives, agent or agents or trustee or trustees of any such holder or holders;

  • Senior Lender means each holder of a Senior Note.