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.

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

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

Examples of Common Collateral Agent in a sentence

• The Administrative Agent and Collateral Agent hereby agree to provide such direction and the Secured Parties agree that the Common Collateral Agent shall in all cases be entitled to rely on any such direction.

• The Notes Collateral Agent (or Common Collateral Agent) shall be deemed to have exercised reasonable care in the custody of the Collateral in its possession if the Collateral is accorded treatment substantially equal to that which it accords its own property and shall not be liable or responsible for any loss or diminution in the value of any of the Collateral, by reason of the act or omission of any carrier, forwarding agency or other agent or bailee selected by the Trustee in good faith.

• The Issuers and the Guarantors, jointly and severally, shall pay to the Trustee, the Agents, the Notes Collateral Agent and the Common Collateral Agent, from time to time such compensation for its acceptance of this Indenture and services hereunder as the parties shall agree in writing from time to time.

• The Issuers and the Guarantors, jointly and severally, shall reimburse the Trustee, the Agents, the Notes Collateral Agent and the Common Collateral Agent promptly upon request for all out-of-pocket disbursements, advances and expenses incurred or made by it in addition to the compensation for its services.

• It is hereby expressly acknowledged and agreed that, in doing so, the Trustee and the Notes Collateral Agent and/or the Common Collateral Agent, as the case may be, are not responsible for the terms or contents of such agreements, or for the validity or enforceability thereof, or the sufficiency thereof for any purpose.

More Definitions of Common Collateral Agent

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.

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 is defined in the Facilities Agreement. -----------------------

Common Collateral Agent has the meaning set forth in the preamble of this Indenture and any successor thereto under the Collateral Documents.

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.

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.