First Lien Administrative Agent definition

First Lien Administrative Agent means the “Administrative Agent” as defined in the First Lien Credit Agreement.

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First Lien Administrative Agent shall have the meaning assigned to such term in the preliminary statement of this Agreement.

First Lien Administrative Agent has the meaning set forth in the recitals hereto.

Examples of First Lien Administrative Agent in a sentence

• Notwithstanding anything to the contrary contained in this Agreement, any Lender may exchange, continue or rollover all or a portion of its Loans in connection with any refinancing, extension, loan modification or similar transaction permitted by the terms of this Agreement, pursuant to a cashless settlement mechanism approved by the Borrower, the First Lien Administrative Agent and such Lender.

• Without limiting the foregoing, the First Lien Administrative Agent shall have no obligation or responsibility to ensure that any Pledged or Controlled Collateral is genuine or owned by any of the Grantors.

• If the First Lien Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower.

• Any amounts received after such time on any date may, in the discretion of the First Lien Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon.

• No Lender shall have any right individually to realize upon any of the Collateral or to enforce any Guarantee of the Secured Obligations, it being understood and agreed that all powers, rights and remedies under the First Lien Loan Documents may be exercised solely by the First Lien Administrative Agent and First Lien Collateral Agent on behalf of the Lenders in accordance with the terms thereof.

More Definitions of First Lien Administrative Agent

First Lien Administrative Agent means JPMorgan Chase Bank, N.A., as “Global Administrative Agent” under the First Lien Credit Agreements.

First Lien Administrative Agent has the meaning assigned to such term in the Intercreditor Agreement.

First Lien Administrative Agent has the meaning set forth in the Recitals to this Agreement.

First Lien Administrative Agent means UBS AG, Stamford Branch, as Administrative Agent for the Lenders as defined in the First Lien Credit Agreement.”

First Lien Administrative Agent has the meaning set forth in the preamble hereto.

First Lien Administrative Agent means Goldman Sachs Credit Partners, L.P., in its capacity as administrative agent, lead arranger and syndication agent.

First Lien Administrative Agent means ▇▇▇▇▇ Fargo Bank, National Association, in its capacity as administrative agent under the First Lien Credit Agreement, and its successors and assigns.