Applicable First Lien Agent definition

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

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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” under and as defined in the First Lien Intercreditor Agreement at such time. On the date hereof, Wilmington Trust, National Association, as trustee under the Indenture, is the Applicable First Lien Agent hereunder.

Examples of Applicable First Lien Agent in a sentence

Upon the Discharge of ABL Obligations, the ABL Agent shall deliver to the Applicable First Lien Agent any ABL Priority Collateral and Proceeds of ABL Priority Collateral received or delivered to it pursuant to the preceding sentence, in the same form as received, with any necessary endorsements, to be applied by the First Lien Agents to the First Lien Obligations in such order as specified in the First Lien Security Documents or as a court of competent jurisdiction may otherwise direct.
Upon delivery of such notice by the ABL Agent to the Applicable First Lien Agent, the parties shall confer in good faith to coordinate with respect to the ABL Agent’s exercise of such access rights.
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.
If the First-Priority Lien Obligations Termination Date has occurred, a reference in this Agreement to the Applicable First Lien Agent shall, unless the context requires otherwise, be construed as a reference to the Agent and this Agreement shall be interpreted accordingly.
Upon the Discharge of First Lien Obligations, the Applicable First Lien Agent shall deliver to the ABL Agent any Notes Priority Collateral and Proceeds of Notes Priority Collateral received or delivered to it pursuant to the preceding sentence, in the same form as received, with any necessary endorsements to be applied by the ABL Agent to the ABL Obligations in such order as specified in the ABL Security Documents or as a court of competent jurisdiction may otherwise direct.

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 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 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 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 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, (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 and (iii) for so long as the Additional Priority Lien Intercreditor Agreement is in effect, the Applicable First Lien Agent hereunder shall also be the “Applicable First Lien Agent” under the Additional Priority Lien Intercreditor Agreement.

Applicable First Lien Agent means (i) the First Lien Collateral Agent until such time as there are Other First Lien Obligations and (ii) at any time when clause (i) does not apply, the First Lien Controlling Collateral Agent at such time; it being understood that the First Lien Collateral Agent shall have notified in writing the Applicable Second Lien Agent, the Second Lien Collateral Agent (if not acting as the Applicable Second Lien Agent) and the other First Lien Agents of any First Lien Controlling Collateral Agent when clause (ii) applies. As of the date hereof, GE in its capacity as the First Lien Collateral 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 Term 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, 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.