First Lien Term Agent definition

First Lien Term Agent shall have the meaning assigned to that term in the introduction to this Agreement.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

First Lien Term Agent means Bank of America, in its capacity as administrative agent and collateral agent under the First Lien Term Documents, and any successor administrative agent or collateral agent under the First Lien Term Loan Credit Agreement.

First Lien Term Agent means UBS AG Stamford Branch, in its capacity as administrative agent and collateral agent under the First Lien Term Facility Documents, or any successor administrative agent or collateral agent or other agent appointed under the First Lien Term Facility Documents in accordance with the provisions thereof.

Examples of First Lien Term Agent in a sentence

Nothing in this Agreement shall be deemed to modify the rights, remedies and obligations as between the First Lien Term Agent and the First Lien Secured Parties, on the one hand, and the Second Lien Term Agent and the Second Lien Term Secured Parties, on the other hand, as set forth in the Term Loan Intercreditor Agreement.
Each Credit Party shall be the sole account holder of each Deposit Account and shall not allow any other Person (other than the Administrative Agent, the First Lien Term Agent, the Second Lien Term Agent and any agent under any First Lien Incremental Equivalent/Refinancing Debt and Second Lien Incremental Equivalent/Refinancing Debt, and the applicable depositary bank) to have control over a Deposit Account or any deposits therein.
Such notice from the Purchasing Incremental Term Loan Secured Parties to the First Lien Term Agent and the Revolving Loan Agent shall be irrevocable.
The ABL Agent and the First Lien Term Agent are parties to that certain ABL Intercreditor Agreement, dated as of August 4, 2017 (as amended, restated, amended and restated, supplemented or otherwise modified from to time through the date hereof, the “Original ABL Intercreditor Agreement”), acknowledged and agreed to by the US Borrower, Holdings and the other ABL Credit Parties (as such terms are defined below).
Nothing in this Agreement shall be deemed to modify the rights, remedies and obligations as between the First Lien Term Agent and the First Lien Secured Parties, on the one hand, and any Second Lien Term Agent and any Second Lien Term Secured Parties, on the other hand, as set forth in the Term Loan Intercreditor Agreement.
Except as expressly set forth herein, the ABL Agent, the First Lien Term Agent and the First Lien Notes Agent shall not have any duties or obligations in respect of any of the Collateral, all of such duties and obligations, if any, being subject to and governed by the applicable ABL Documents, First Lien Term Documents or First Lien Notes Documents, as the case may be.
The First Lien Term Agent, the First Lien Notes Agent, and the ABL Agent hereby agree that no party shall have any duty to advise any other party of information known to it regarding such condition or any such circumstances.
The duties or responsibilities of the ABL Agent and each Term Loan/Notes Agent under this Section 3.2 are and shall be limited solely to holding or maintaining control of the Control Collateral and the Cash Collateral as agent for the other Party for purposes of perfecting the Lien held by the First Lien Term Agent, the First Lien Notes Agent, or the ABL Agent, as applicable.
Each of the ABL Agent (on behalf of the ABL Secured Parties) and the First Lien Term Agent (on behalf of the First Lien Term Secured Parties represented by such First Lien Term Agent) and, by their acknowledgment hereof, the ABL Credit Parties and the Term Credit Parties, desire to agree to the relative priority of Liens on the Collateral and certain other rights, priorities and interests as provided herein.
BANK OF AMERICA, N.A., in its capacity as the ABL Agent By: /s/ R▇▇▇▇ ▇▇▇▇▇▇ Name: R▇▇▇▇ ▇▇▇▇▇▇ Title: Senior Vice President JPMORGAN CHASE BANK, N.A., in its capacity as the First Lien Term Agent By: /s/ J▇▇▇▇ ▇.

More Definitions of First Lien Term Agent

First Lien Term Agent means Citicorp North America, Inc., in its capacity as administrative agent, or any successor agent, under the First Lien Term Credit Agreement.

First Lien Term Agent shall have the meaning set forth in the Preamble hereto.

First Lien Term Agent means the administrative agent under the First Lien Credit Agreement.

First Lien Term Agent means Goldman Sachs Bank USA, in its capacity as administrative agent and collateral agent under the First Lien Term Facility Documents, or any successor administrative agent or collateral agent or other agent appointed under the First Lien Term Facility Documents in accordance with the provisions thereof.

First Lien Term Agent shall have the meaning assigned to that term in the introduction to this Agreement and shall include any successor thereto as well as any Person designated as the “Agent” or “Administrative Agent” under any First Lien Term Credit Agreement.