Examples of Priority Lien Collateral Agent in a sentence
Promptly following the Discharge of Priority Lien Obligations with respect to one or more Series of Priority Lien Debt, each Priority Lien Representative with respect to each applicable Series of Priority Lien Debt that is so discharged will provide written notice of such Discharge to the Priority Lien Collateral Agent, the Collateral Agent and to each other Secured Debt Representative.
Fleetwood and the other Obligors also intend to enter into the Security Documents pursuant to which the Collateral Agent will be granted a junior priority security interest in the Shared Real Estate Collateral, which security interest is subordinate to the security interest of the Priority Lien Collateral Agent.
Concurrently with the execution and delivery of the Intercreditor Agreement, the Intercreditor Agreement dated as of April 26, 2016 among the Priority Lien Collateral Agent, the Legacy Trustee, and the Legacy Collateral Agent, will be terminated in full.
No provision of this Agreement shall constitute or be deemed to constitute a waiver by any Priority Lien Representative or any Priority Lien Collateral Agent on behalf of itself and each other Priority Lien Secured Party represented by it of any right to seek damages from any Person in connection with any breach or alleged breach of this Agreement.
Fleetwood and the other Obligors have also entered into the Priority Lien Security Documents pursuant to which the Priority Lien Collateral Agent has been granted a first priority security interest in the Shared Real Estate Collateral and the Other Priority Lien Collateral.