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

• CMSS may engage the services of a Quality Control Agent & Quality Control Testing Laboratories for the purpose of Inspection & Quality Control.

• Neither the Borrower nor any Guarantor holds or controls, or will hold or control during the Forbearance Period, cash or cash equivalents that is unencumbered and the Borrower and the Guarantors have granted to the Control Agent and the other Lenders enforceable first-priority security interests on all of the Borrower’s and the Guarantors’ cash and cash equivalents.

• Notwithstanding anything to the contrary in this Agreement, notices, documents, certificates and other deliverables to the Lenders by any Obligor may be made solely to the Control Agent and the Control Agent shall promptly deliver such notices, documents, certificates and other deliverables to the other Lenders.

• This Amendment shall be binding on and shall inure to the benefit of the Credit Parties, the Control Agent and the other Lenders and their respective successors and assigns, except as otherwise provided herein (none of which include WCAS, who is not a party or a third-party beneficiary of this Amendment).

• The Control Agent and the other Lenders shall have received reimbursement for all expenses for which invoices have been presented (including reasonable fees, disbursements and other charges of counsel to the Control Agent and the other Lenders) in accordance with Section 12.03(a) of the Credit Agreement.

More Definitions of Control Agent

Control Agent means the Lender acting as “Control Agent” under the Security Agreement.

Control Agent means First Lien Agent until the first Resignation Effective Time hereunder effected by First Lien Agent pursuant to the terms of the following sentence, at which time “Control Agent” shall mean 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 the Control Agent as defined in the Notes Intercreditor Agreement.

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 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 or similar designation hereunder and enter into an agreement with such Lender to have it so identified for purposes of this Loan Agreement. Any such designation shall be effective upon written notice by Agent or Oaktree to the Borrower of any such designation. Any Lender that is so designated as a Co-Agent, Syndication Agent, Documentation Agent, Control Agent or such similar designation by Oaktree shall have no right, power, obligation, liability, responsibility or duty under this Loan Agreement or any of the other Loan Documents other than those applicable to all Lenders as such. Without limiting the foregoing, the Lenders so identified shall not have or be deemed to have any fiduciary relationship with any Lender and no Lender shall be deemed to have relied, nor shall any Lender rely, on a Lender so identified as a Co-Agent, Syndication Agent, Documentation Agent, Control Agent or such similar designation in deciding to enter into this Loan Agreement or in taking or not taking action hereunder. Section 10.15.