Examples of Third Lien Representative in a sentence
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.
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.
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.
Each of the Third Lien Representative and the Third Lien Collateral Agent, for itself and on behalf of each other Third Lien Claimholder represented by it, hereby irrevocably waives any defense based on the adequacy of a remedy at law and any other defense which might be asserted to bar the remedy of specific performance in any action which may be brought by any Senior Representative, any Senior Collateral Agent, or any other Senior Claimholder.
If any of the Senior Representatives, the Senior Collateral Agents, the Third Lien Representative or the Third Lien Collateral Agent resigns or is replaced pursuant to the Senior Loan Documents or the Third Lien Loan Documents, as applicable, its successor 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.