Priority Agent definition

Priority Agent means, with respect to any matter, the agent or representative from time to time under the relevant ABL Intercreditor Agreement and the Senior-Junior Intercreditor Agreement who has authority to act on such matter for the holders of the applicable Obligations.

Priority Agent means, with respect to the ABL Priority Collateral, ABL Agent, and with respect to the Term Loan Priority Collateral, Term Loan Agent.

Priority Agent has the meaning set forth in the ABL Intercreditor Agreement.

Examples of Priority Agent in a sentence

• If requested by any Priority Agent, each Non-Priority Agent shall affirmatively consent or object to such a sale or disposition in accordance with this Section 6.2.

• Without limiting but in addition to the foregoing, each Non-Priority Agent, on behalf of itself and the Claimholders for whom it acts as Agent, agrees that it shall be deemed to object to any such sale or other disposition to which the Priority Agent expressly objects in writing.

• Without limiting, but in addition to the foregoing, each non-priority Agent, on behalf of itself and the Claimholders for whom it acts as Agent, agrees that it shall be deemed to object to a DIP Financing to which the Priority Agent expressly objects in writing.

• Haverstock Title: Vice President U.S. BANK NATIONAL ASSOCIATION as Second Priority Agent By: /s/ RAYMOND S.

• Each Non-Priority Agent, on behalf of itself and the Non-Priority Claimholders for which it acts as Agent, agrees that no Priority Agent or Priority Claimholders shall have any duty to them in respect of the maintenance or preservation of any Priority Agent's Priority Collateral.

More Definitions of Priority Agent

Priority Agent means, with respect to the Working Capital Priority Collateral, the Working Capital Agent, and, with respect to the Term Loan Priority Collateral, the Term Loan Agent, as applicable.

Priority Agent has the meaning assigned to such term in the Intercreditor Agreement.

Priority Agent means, with respect to the CNB Priority Collateral, CNB, and, with respect to the Madryn Priority Collateral, Madryn.

Priority Agent means, with respect to the Working Capital Priority Collateral, the Working Capital Agent, and, with respect to the Term Loan Priority Collateral, the Term Loan Representative. The Term Loan Representative’s constituents (for purposes of Section 5.3, Section 5.4 and Section 6.1) shall be all Claimholders who are Priority Claimholders with respect to the Term Loan Priority Collateral or (after the Discharge of Working Capital Obligations) the Collateral.

Priority Agent means such successor agent effective upon such appointment and approval, and Citibank's rights, powers and duties as Priority Agent shall be terminated, without any other or further act or deed on the part of Citibank or any of the parties to this Agreement or any holders of the Secured Obligations. If no successor agent has accepted appointment as Priority Agent by the date that is 30 days following Citibank's notice of resignation, Citibank's resignation shall nevertheless thereupon become effective and the Priority Lenders shall assume and perform all of the duties of the Priority Agent hereunder until such time, if any, as the Required Priority Lenders appoint a successor agent as provided for above. After any Person's resignation as Priority Agent, the provisions of this Section shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Priority Agent under this Agreement and the other Operative Documents. 9.10

Priority Agent. (as defined in the Junior Lien Intercreditor Agreement) and acknowledging that the administrative agent under the ABL Credit Agreement shall succeed to the rights and duties of the “Intercreditor Agent” (as defined in the Junior Lien Intercreditor Agreement), substantially in the form of Exhibit H hereto.

Priority Agent means, with respect to the ABL Priority Collateral, the ABL Agent, and with respect to the Term Priority Collateral, the Term Agent. “Priority Claimholders” means, with respect to the ABL Priority Collateral, the ABL Claimholders, and with respect to the Term Priority Collateral, the Term Claimholders. “Priority Collateral” means, with respect to the ABL Debt, all ABL Priority Collateral, and with respect to the Term Debt, all Term Priority Collateral. “Priority Debt” means, with respect to the ABL Priority Collateral, the ABL Debt, and with respect to the Term Priority Collateral, the Term Debt. “Real Property” shall mean, collectively, all right, title and interest (including any leasehold estate) in and to any and all parcels of or interests in real property owned, leased or operated by any Person, whether by lease, license or other means, together with, in each case, all improvements, fixtures, easements, hereditaments, permits and appurtenances relating thereto. “Receivables” means all of the following now owned or hereafter arising or acquired assets of any Grantor: (i) all Accounts constituting ABL Priority Collateral pursuant to clause (i) of the definition of ABL Priority Collateral; (ii) all amounts at any time payable to any Grantor in respect of the