Controlling Party definition

Controlling Party. Has the meaning specified in the Intercreditor Agreement.
Controlling Party means an executive officer or senior manager or any other individual who regularly performs similar functions.

Examples of Controlling Party in a sentence

  • The Lender shall not transfer or assign the Loan Note (or any interest therein) and, other than as permitted hereunder, each of the Agent, the Borrower and the Lender shall not transfer or assign any of its rights or obligations hereunder or under any other Loan Document, in each case, without the prior written consent of the Controlling Party.

  • Anything contained herein to the contrary notwithstanding, none of the Lender, the Agent or the Guarantor shall have any right individually to realize upon any of the Collateral hereunder, it being understood and agreed that all powers, rights and remedies hereunder with respect to the Collateral shall be exercised solely by the Agent for the benefit of the Secured Parties at the direction of the Controlling Party.

  • The Agent agrees to provide to the Lender and the Controlling Party the right during normal business hours upon two days’ prior notice in writing to inspect its books and records insofar as the books and records relate to the functions and duties of the Agent pursuant to this Loan Agreement.

  • No right or remedy herein conferred upon or reserved to the Agent or to the Controlling Party is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise.

  • The Borrower agrees that the Agent, in its name or (to the extent required by law) in the name of the Borrower, may (but is not, unless so directed by the Controlling Party and indemnified pursuant to Section 7.15 hereof, required to) enforce all rights of the Borrower under the Management Agreement and the Servicing Agreement for and on behalf of the Secured Parties whether or not a Default has occurred and has not been waived.


More Definitions of Controlling Party

Controlling Party means the party controlling the defense of any Third Party Action.
Controlling Party means the Person entitled to act as such pursuant to the terms of Section 2.6.
Controlling Party means the Insurer, so long as no Insurer Default shall have occurred and be continuing, and the Indenture Trustee, for so long as an Insurer Default shall have occurred and be continuing.
Controlling Party has the meaning set forth in Section 9.02(c) of this Agreement.
Controlling Party shall have the meaning assigned thereto in Section 11.5(b).
Controlling Party has the meaning set forth in Section 5.2(c).
Controlling Party means the Trust Collateral Agent, acting on behalf of the Noteholders and solely at the prior written direction of the Majority Noteholders.