Designated Senior Representative definition

Designated Senior Representative means (i) if at any time there is only one Senior Representative for a Senior Facility with respect to which the Discharge of Senior Obligations has not occurred, such Senior Representative and (ii) at any time when clause (i) does not apply, the Controlling Collateral Agent (as defined in the First Lien Intercreditor Agreement) at such time.

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Designated Senior Representative means (i) if at any time there is only one Senior Representative for a Senior Facility with respect to which the Discharge of Senior Obligations has not occurred, such Senior Representative and (ii) at any time when clause (i) does not apply, the Applicable Authorized Representative (as defined in the First Lien Intercreditor Agreement) at such time.

Designated Senior Representative means (i) the First Lien Administrative Agent, so long as the Senior Priority Debt Facility under the First Lien Term Credit Agreement is the only Senior Priority Debt Facility under this Agreement and (ii) at any time when clause (i) does not apply, the “Applicable Collateral Agent” (as defined in the Pari Passu Lien Intercreditor Agreement) at such time.

Examples of Designated Senior Representative in a sentence

• The Designated Senior Representative is hereby authorized to make any such endorsements as agent for each of the Second Priority Representatives or any such Second Priority Secured Party.

• If any Second Priority Representative or any Second Priority Secured Party shall, at any time, receive any proceeds of any such insurance policy or any such award in contravention of this Agreement, it shall pay such proceeds over to the Designated Senior Representative (or after the Discharge of Senior Obligations, the Designated Second Priority Representative) to receive such amounts in accordance with the terms of Section 4.02.

• Unless and until the Discharge of Senior Obligations has occurred, subject in each case to the rights of the Grantors under the Senior Priority Debt Documents, the Designated Senior Representative and the Senior Priority Secured Parties shall have the sole and exclusive right (a) to adjust settlement for any insurance policy covering the Shared Collateral in the event of any loss thereunder and (b) to approve any award granted in any condemnation or similar proceeding affecting the Shared Collateral.

• If the Purchase Right is exercised with respect to the Senior Obligations upon any Purchase Event in accordance with the provisions hereof, the parties shall endeavor to close such purchase of Senior Obligations not later than the tenth (10th) Business Day after delivery of the applicable Purchase Notice to the Designated Senior Representative.

• The Borrower agrees to deliver to the Designated Senior Representative copies of (i) any amendments, supplements or other modifications to the Second Priority Collateral Documents, and (ii) any new Second Priority Collateral Documents promptly (and, in any event, within 3 Business Days) after effectiveness thereof; provided that the failure to deliver such copies shall not affect the effectiveness or validity thereof.

More Definitions of Designated Senior Representative

Designated Senior Representative means the Controlling Collateral Agent (as defined in the First Lien Intercreditor Agreement) at such time.

Designated Senior Representative means any duly authorized representative of any holders of Senior Obligations, which representative is named as such in the First Lien/Second Lien Intercreditor Agreement (or such other intercreditor agreement having substantially similar terms as the First Lien/Second Lien Intercreditor Agreement, taken as a whole) or any joinder thereto.

Designated Senior Representative means (i) if at any time there is only one Senior Representative for a Senior Facility with respect to which the Discharge of Senior Obligations has not occurred, such Senior Representative and (ii) at any time when clause (i) does not apply, the agent designated as the controlling agent under the First Lien Intercreditor Agreement at such time; it being understood that as of the date of this Agreement, the Designated Senior Representative shall be the First Lien Collateral Agent. When any Designated Senior Representative other than the First Lien Collateral Agent becomes the Designated Senior Representative it shall send a written notice thereof to the Designated Junior Priority Representative and the Lead Borrower.

Designated Senior Representative means (i) initially, the Administrative Agent until the earlier to occur of (x) the Discharge of all Initial Credit Agreement Obligations and (y) the Non-Controlling Senior Representative Enforcement Date, and (ii) from and after the earlier to occur of (x) the Discharge of all Initial Credit Agreement Obligations, and (y) the Non-Controlling Senior Representative Enforcement Date, the Major Non-Controlling Senior Representative; provided, in each case, that if there shall occur one or more Non-Controlling Senior Representative Enforcement Dates, the Designated Senior Representative shall be the Senior Representative that is the Major Non-Controlling Senior Representative in respect of the most recent Non-Controlling Senior Representative Enforcement Date.

Designated Senior Representative means the Senior Credit Agreement Agent.

Designated Senior Representative means (i) with respect to the ABL Priority Collateral, the ABL Representative and (ii) with respect to the Term Priority Collateral, the Designated Term Priority Representative.

Designated Senior Representative means (i) if at any time there is only one Senior Representative for a Senior Facility with respect to which the Discharge of Senior Obligations has not occurred, such Senior Representative and (ii) at any time when clause (i) does not apply, the Controlling Collateral Agent (as defined in the First Lien Intercreditor Agreement) at such time. As of the date hereof, the First Lien Administrative Agent is the Designated Senior Representative and the Designated Second Priority Representative may treat the First Lien Administrative Agent as Designated Senior Representative until such time as it receives a written notice from any subsequent Designated Senior Representative that the First Lien Administrative Agent was replaced as Designated Senior Representative.