Applicable First Lien Agent definition

Applicable First Lien Agent has the meaning assigned to such term in the Priority Lien Intercreditor Agreement.
Applicable First Lien Agent means at any time with respect to any Collateral, the First Lien Agent of the Series of First Lien Obligations that constitutes the then largest outstanding principal amount of any outstanding Series of First Lien Obligations with respect to such Collateral.
Applicable First Lien Agent means, at any time, the Authorized Representative that is the “Applicable Authorized Representative” (or equivalent term) under and as defined in any first-lien intercreditor agreement or other applicable First-Priority Lien Obligations Documents that may be entered into after the date hereof with respect to different Series of First-Priority Lien Obligations; provided that, until such time as any such person is appointed, the Applicable First Lien Agent shall be the Collateral Agent.

Examples of Applicable First Lien Agent in a sentence

  • Initial referrals to the ACT team consisted of the individual’s name, where he/she was last seen, and perhaps some oldpolice or Mobile Crisis Team paperwork.

  • Upon the execution by any Subsidiary of the Company of a supplement hereto in form and substance satisfactory to the Applicable First Lien Agent and the Applicable Second Lien Agent, such Subsidiary shall be a party to this Agreement and shall be bound by the provisions hereof to the same extent as the Company and each Grantor are so bound.

  • Following written instruction from the Applicable First Lien Agent, the Collateral Agent shall have absolute discretion as to the time of application of any such proceeds, moneys or balances in accordance with this Agreement.

  • In accordance with, and to the extent consistent with, the terms of the Intercreditor Agreements, the Collateral Agent may, following written instruction from the Applicable First Lien Agent, take any action specified in this Section 4.01.

  • In addition, unless and until the Discharge of ABL Obligations occurs, subject to Section 4.02, each First Lien Agent and the First Lien Claimholders each hereby consents to the application, prior to the receipt by the ABL Agent of an Enforcement Notice issued by the Applicable First Lien Agent, of cash or other Proceeds of Collateral, deposited under Account Agreements to the repayment of ABL Obligations pursuant to the ABL Loan Documents.


More Definitions of Applicable First Lien Agent

Applicable First Lien Agent means the RBL Facility Agent until it shall have notified in writing the Applicable Second Lien Agent, the Term Facility Agent (if not acting as the Applicable Second Lien Agent), the Priority Lien Term Facility Agent and any Other Second-Priority Lien Obligations Agent that another Representative has become the Applicable First Lien Agent for the First-Priority Lien Obligations Secured Parties, as appointed pursuant to the Priority Lien Intercreditor Agreement, a Pari Passu First-Priority Intercreditor Agreement or other First-Priority Lien Obligations Documents.
Applicable First Lien Agent means at any time the Major Non-Controlling First Lien Agent, which on the Issue Date shall be the Credit Agreement Agent.
Applicable First Lien Agent has the meaning given to such term in the First Lien/Second Lien Intercreditor Agreement. On the Issue Date, the Applicable First Lien Agent will be U.S. Bank National Association, as the Pari Passu Collateral Agent under and as defined in the First Lien Intercreditor Agreement.
Applicable First Lien Agent means the First Lien Facility Agent until it shall have notified in writing the Applicable Second Lien Agent, the Second Lien Facility Agent (if not acting as the Applicable Second Lien Agent) and any Other First Lien Obligations Representative that another Representative has become the Applicable First Lien Agent for the First Lien Obligations Secured Parties pursuant to a Permitted Pari Passu Intercreditor Agreement or other First Lien Obligations Documents. As of the date hereof, CS, in its capacity as the First Lien Facility Agent, shall act as the Applicable First Lien Agent.
Applicable First Lien Agent means the RBL Facility Agent until it shall have notified in writing the Applicable Second Lien Agent, the Notes Facility Agent (if not acting as the Applicable Second Lien Agent) and any Other Second-Priority Lien Obligations Agent that another Representative has become the Applicable First Lien Agent for the First-Priority Lien Obligations Secured Parties, as appointed pursuant to a Pari Passu First-Priority Intercreditor Agreement or other First-Priority Lien Obligations Documents. For the avoidance of doubt, (i) for so long as the Senior Lien Intercreditor Agreement is in effect, the Applicable First Lien Agent hereunder shall also be the “Applicable First Lien Agent” under the Senior Lien Intercreditor Agreement and (ii) for so long as the Priority Lien Intercreditor Agreement is in effect the Applicable First Lien Agent hereunder shall also be the “Applicable First Lien Agent” under the Priority Lien Intercreditor Agreement.
Applicable First Lien Agent as defined in the First Lien/Second Lien Intercreditor Agreement.
Applicable First Lien Agent means the “Applicable Authorized Representative” under and as defined in the First-Lien Intercreditor Agreement. On the date hereof, JPMorgan Chase Bank, N.A., as Cash Flow Administrative Agent, is the Applicable First-Lien Agent. For purposes of this Agreement, the ABL Facility Collateral Agent may treat JPMorgan Chase Bank, N.A. as the Applicable First-Lien Agent until notified in writing by the First-Lien Collateral Agent that another representative has become the Applicable First-Lien Agent.