Common Collateral Agent definition

Common Collateral Agent means Citibank, N.A. or another collateral agent appointed to hold Liens securing the Secured Obligations, in addition to Liens securing other Indebtedness of the Loan Parties (or any of them), including in respect of the ABL Facility and/or the Secured Notes.

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Common Collateral Agent means Mizuho Bank (USA) or any successor to it appointed pursuant to the terms of the Common Accounts Agreement.

Common Collateral Agent means a bank or trust company authorized to exercise corporate trust powers that has been appointed by the Company, and has agreed, to act as collateral agent for the equal and ratable benefit of both the holders of obligations secured by the Second-Priority Liens Securing Note Obligations and the holders of all other obligations secured by Liens Securing Secondary Collateral Obligations, in its capacity as such collateral agent.

Examples of Common Collateral Agent in a sentence

• The Common Collateral Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective related parties.

• Such Person and its affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with any Credit Party or any subsidiary of a Credit Party or other affiliate thereof as if such Person were not the Common Collateral Agent hereunder and without any duty to account therefor to the Secured Parties.

• Notwithstanding any provision of any Notes Documents or ABL Documents to the contrary, the Common Collateral Agent is not obliged to expend or risk its own funds or otherwise incur any financial liability in the performance of its duties, obligations or responsibilities or the exercise of any right, power, authority or discretion if it has grounds for believing the repayment of such funds or adequate indemnity against, or security for, such risk or liability is not reasonably assured to it.

• The exculpatory provisions of this Section 3.11 shall apply to any such sub-agent and to the related parties of the Common Collateral Agent and any such sub-agent, and shall apply to their respective activities in connection with the Foreign Collateral.

• After the retiring Common Collateral Agent’s resignation or removal hereunder and under the other Foreign Security Documents, the provisions of this Section 3.11 shall continue in effect for the benefit of such retiring Common Collateral Agent, its sub-agents and their respective related parties in respect of any actions taken or omitted to be taken by any of them while the retiring Common Collateral Agent was acting as Common Collateral Agent.

More Definitions of Common Collateral Agent

Common Collateral Agent means the ABL Agent with respect to Foreign Collateral as set forth in Section 3.11 and its respective successors or assigns.

Common Collateral Agent is defined in the Facilities Agreement. -----------------------

Common Collateral Agent as defined in the preamble hereto.

Common Collateral Agent means, in relation to the German Security Documents, the Credit Agreement Agent solely in its capacity as collateral agent under the German Security Documents and any successor thereto appointed in accordance herewith.

Common Collateral Agent means the Loan Agent, on behalf of each of the Creditor Classes; provided, that at such time as the Credit -------- Agreement shall no longer be in effect, Common Collateral Agent shall mean, for so long as the 1996 Master Lease is in effect, the 1996 Lease Agent.

Common Collateral Agent means the Loan Agent, provided, that at such time as the Credit Agreement shall no longer be in effect, Common Collateral Agent shall mean the Lease Agent.

Common Collateral Agent means, in relation to the German Security Documents, Citibank, N.A., solely in its capacity as common collateral agent under the German Security Documents and any successor thereto appointed in accordance herewith.