Applicable Secured Representative definition
Applicable Secured Representative means, with respect to any Pledged Collateral, (i) until the earlier of (x) the Discharge of Credit Agreement Obligations and (y) the Non-Applicable Secured Representative Enforcement Date, the Administrative Agent and (ii) from and after the earlier of (x) the Discharge of Credit Agreement Obligations and (y) the Non-Applicable Secured Representative Enforcement Date, the Major Non-Applicable Secured Representative.
Applicable Secured Representative as of any date is: until the earlier of (x) the Discharge of the Senior Secured Credit Facility Obligations and (y) the Non-Applicable Secured Representative Enforcement Date, the Collateral Agent and (ii) from and after the earlier of (x) the Discharge of the Senior Secured Credit Facility Obligations and (y) the Non-Applicable Secured Representative Enforcement Date, the Major Non-Applicable Secured Representative.
Applicable Secured Representative means, with respect to any Pledged Collateral, (i) until the earlier of (x) the Discharge of
Examples of Applicable Secured Representative in a sentence
No Non-Applicable Secured Representative or Non-Controlling Secured Party will contest, protest or object to any foreclosure proceeding or action brought by the Applicable Secured Representative, Collateral Agent or Controlling Secured Party or any other exercise by the Applicable Secured Representative, Collateral Agent or Controlling Secured Party of any rights and remedies relating to the Pledged Collateral.
Notwithstanding the equal priority of the Liens, the Applicable Secured Representative and Collateral Agent may deal with the Pledged Collateral as if such Applicable Secured Representative and Collateral Agent had a senior Lien on such Collateral.
Declaration of Trust ........................................6 SECTION 1.07.