Control Agent definition
Control Agent has the meaning specified in the Intercreditor Agreement.
Control Agent is defined in the Security Agreement.
Control Agent has the meaning set forth in Section 5.5 hereof.
Examples of Control Agent in a sentence
The Grantors hereby jointly and severally agree to pay, reimburse, indemnify and hold harmless the Control Agent to the same extent and on the same terms that the Grantors are required to do so for the First Lien Collateral Agent in accordance with Section 14.2 of the First Lien Loan Agreement.
After the Discharge of First Lien Obligations, the Designated Second Lien Collateral Agent shall be deemed to have been appointed (and hereby accepts such appointment) as Control Agent for purposes of this Section 5.5 and shall act as Control Agent in accordance with this Section 5.5.
More Definitions of Control Agent
Control Agent means the Lender acting as “Control Agent” under the Security Agreement.
Control Agent means Second Lien Agent until the second Resignation Effective Time hereunder, at which time “Control Agent” shall mean Third Lien Agent until the third Resignation Effective Time hereunder, at which time “Control Agent” shall mean Fourth Lien Agent. For the purposes hereof, the “Resignation Effective Time” shall be the opening of business on the second Business Day next succeeding the Business Day on which a notice purporting to be signed by the applicable Control Agent (the “Resigning Agent”) in substantially the same form as Exhibit A, attached hereto, with a copy of this Agreement attached thereto (a “Resignation Notice”), is actually received by the unit of Depositary (identified on the signature page hereto) to whom the notice is required hereunder to be addressed; provided, however, that if any such notice is so received after 12:00 noon, Eastern time, on any Business Day, the Resignation Effective Time shall be the opening of business on the third Business Day next succeeding the Business Day on which such receipt occurs; and, provided further, that a “Business Day” is any day other than a Saturday, Sunday or other day on which Depositary is or is authorized or required by law to be closed. On and after each Resignation Effective Time, Depositary shall cease honoring instructions from the applicable Resigning Agent and begin honoring the instructions of the new Control Agent pursuant to this Agreement. As of each Resignation Effective Time, the applicable Resigning Agent who triggered such Resignation Effective Time will no longer be an Agent under this Agreement. All references herein to the “UCC” shall mean the Uniform Commercial Code as in effect from time to time in the State of New York.
Control Agent means, at the time of determination, whichever of the Term Loan Agent or Agent has the right under the Term Loan Intercreditor Agreement to take remedial action with respect to the Collateral at issue.
Control Agent has the meaning assigned to such term in Section 5.13.
Control Agent means the “Control Agent” under and as defined in the Intercreditor Agreement.
Control Agent means the Control Agent as defined in the Notes Intercreditor Agreement.
Control Agent means Third Lien Agent until the third Resignation Effective Time hereunder, at which time “Control Agent” shall mean Fourth Lien Agent. For the purposes hereof, the “Resignation Effective Time” shall be the opening of business on the second Business Day next succeeding the Business Day on which a notice purporting to be signed by the applicable Control Agent (the “Resigning Agent”) in substantially the same form as Exhibit A, attached hereto, with a copy of this Agreement attached thereto (a “Resignation Notice”), is actually received by the unit of Depositary (identified on the signature page hereto) to whom the notice is required hereunder to be addressed; provided, however, that if any such notice is so received after 12:00 noon, Eastern time, on any Business Day, the Resignation Effective Time shall be the opening of business on the third Business Day next succeeding the Business Day on which such receipt occurs; and, provided further, that a “Business Day” is any day other than a Saturday, Sunday or other day on which Depositary is or is authorized or required by law to be closed. On and after each Resignation Effective Time, Depositary shall cease honoring instructions from the applicable Resigning Agent and begin honoring the instructions of the new Control Agent pursuant to this Agreement. As of each Resignation Effective Time, the applicable Resigning Agent who triggered such Resignation Effective Time will no longer be an Agent under this Agreement. All references herein to the “UCC” shall mean the Uniform Commercial Code as in effect from time to time in the State of New York.