Junior Lien Agent definition

Junior Lien Agent means the agent, collateral agent, trustee, collateral trustee or other representative of lenders or holders of the Initial Junior Lien Debt, together with its successors in such capacity appointed in accordance with the terms of a collateral trust agreement to be entered into among the Company, the Subsidiary Guarantors, the Junior Lien Agent and the representative of each other Series of Junior Lien Debt.
Junior Lien Agent has the meaning assigned to the termApplicable Second Lien Agent” in the Senior Lien Intercreditor Agreement.
Junior Lien Agent means (a) the Initial Junior Lien Agent and any successor thereto and (b) any Junior Pari Passu Agent designated as such pursuant to any Junior Lien Pari Passu Intercreditor Agreement, as applicable.

Examples of Junior Lien Agent in a sentence

  • The Junior Lien Agent, for itself and on behalf of the other Junior Lien Secured Parties, hereby waives any and all rights the Junior Lien Secured Parties may now or hereafter have under applicable law to revoke this Agreement or any of the provisions of this Agreement.

  • The foregoing shall not be construed to prohibit the Junior Lien Agent from enforcing the provisions of this Agreement or any claims it, or any other Junior Lien Secured Party, may have against the Senior Lien Agent or any other Senior Lien Secured Party that are not the subject matter of this Agreement.

  • Each of the Senior Lien Agent and the Junior Lien Agent hereby assumes responsibility for keeping itself informed of the financial condition of the Credit Parties and all other circumstances bearing upon the risk of nonpayment of the Senior Lien Obligations or the Junior Lien Obligations.

  • The duties or responsibilities of the Senior Lien Agent under this Section 3.2 are and shall be limited solely to holding or maintaining control of the Control Collateral as gratuitous bailee and/or agent for the Junior Lien Agent for purposes of perfecting the Lien held by the Junior Lien Agent.

  • The Senior Lien Agent shall have the sole and exclusive right, as against the Junior Lien Agent, to adjust settlement of insurance claims in the event of any covered loss, theft or destruction of Collateral and to approve any award granted in any condemnation or similar proceeding, or any deed in lieu of condemnation, in respect of Collateral.


More Definitions of Junior Lien Agent

Junior Lien Agent means the collateral agent or other representative of lenders or holders of Junior Lien Debt designated pursuant to the Junior Lien Intercreditor Agreement and the terms of the documents governing the Junior Lien Debt.
Junior Lien Agent has the meaning assigned to the termThird Lien Collateral Agent” in the Intercreditor Agreement.
Junior Lien Agent means Ankura (as successor by assignment to Credit Suisse AG), in its capacity as administrative agent and collateral agent under the Junior Lien Facility.
Junior Lien Agent means the collateral agent for the holders of Junior Lien Loans.
Junior Lien Agent used throughout this Agreement shall mean, and shall include, for all purposes, such Required Lenders under such Junior Lien Credit Agreement). A Junior Lien Agent under any Junior Lien Credit Agreement that replaces or refinances the Junior Lien Credit Agreements in effect on the date hereof shall not be entitled to any of the benefits of this Agreement unless and until such Junior Lien Agent acknowledges its agreement to be bound by the terms hereof, but shall be subject to the burdens and obligations, including, without limitation, the lien subordination, provided for herein.
Junior Lien Agent shall have the meaning assigned thereto in the Preamble hereto and shall include any successor thereto in such capacity, as well as any Person designated as the “Agent” or “Collateral Agent” under the [ ](1) Junior Lien Credit Agreement.
Junior Lien Agent means Ankura (as successor by assignment to Credit