Second Priority Collateral Agent definition

Second Priority Collateral Agent means such agent or trustee as is designated “Second-Priority Collateral Agent” by Second-Priority Secured Parties holding a majority in principal amount of the Second-Priority Obligations then outstanding; it being understood that as of the date of this Agreement, the Initial Second-Priority Collateral Agent shall be so designated Second-Priority Collateral Agent.

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Second Priority Collateral Agent shall have the meaning ascribed thereto in the Preamble.

Second Priority Collateral Agent means Wilmington Trust, National Association, in its capacity as collateral agent under the Second Priority Senior Secured Notes Indenture and the Noteholder Collateral Documents and its successors in such capacity.

Examples of Second Priority Collateral Agent in a sentence

This Agreement has been entered into to record the accession of the New Representative[s] as Other Second-Priority Representative[s] under the Junior Lien Intercreditor Agreement [and to record the accession of the New Collateral Agent as an Other Second-Priority Collateral Agent under the Junior Lien Intercreditor Agreement].
The Second-Priority Collateral Agent shall not have duties or obligations under or pursuant to this Agreement other than such duties expressly set forth in this Agreement as duties on its part to be performed or observed.
The Second-Priority Collateral Agent is executing and delivering this Agreement solely in its capacity as such and pursuant to directions set forth in the Second Lien [Indenture][Credit Agreement]; and in so doing, the Second-Priority Collateral Agent shall not be responsible for the terms or sufficiency of this Agreement for any purpose.
All notices to the First-Priority Secured Parties and the Second-Priority Secured Parties permitted or required under this Agreement may be sent to the First-Priority Collateral Agent, the Second-Priority Collateral Agent, or any other First-Priority Representative or Second-Priority Representative as provided in the First Lien Credit Agreement, the Second Lien [Indenture][Credit Agreement], the relevant First-Priority Document or the relevant Second-Priority Document, as applicable.
The Second-Priority Collateral Agent has no obligation to follow instructions from the successor Second-Priority Collateral Agent in contravention of this Agreement.

More Definitions of Second Priority Collateral Agent

Second Priority Collateral Agent authenticating agent (“Authenticating Agent”), registrar (“Registrar”) and paying agent (“Paying Agent”).

Second Priority Collateral Agent means Computershare Trust Company of Canada, in its capacity as collateral agent under the Second Priority Senior Secured Notes Indenture and the Second Priority Collateral Documents, and its successors in such capacity.

Second Priority Collateral Agent means U.S. Bank National Association, in its capacity as the “Second Priority Collateral Agent” under this Indenture and the Notes Collateral Documents, and any successor thereto in such capacity.

Second Priority Collateral Agent has the meaning set forth in the Preamble of this Agreement.

Second Priority Collateral Agent means such agent or trustee as is designated as such by the Second Priority Lien Secured Parties pursuant to the terms of any applicable intercreditor agreement among the Second Priority Lien Secured Parties (if then in effect) or by the Second Priority Lien Secured Parties holding a majority in principal amount of the Second Priority Lien Obligations then outstanding (if no such intercreditor agreement is then in effect). As of the Issue Date, the Second Priority Collateral Agent will be the Collateral Trustee.

Second Priority Collateral Agent means (i) in the case of the Existing Second Lien Notes Obligations and any Additional Pari Passu Indebtedness (as defined in the applicable Existing Second Lien Notes Document) pursuant to which the administrative agent, trustee or any other similar agent named for such Series becomes an Additional Pari Passu Agent (as defined in the applicable Existing Second Lien Notes Document) pursuant to an Additional Pari Passu Joinder Agreement (as defined in the applicable Existing Second Lien Notes Document), The Bank of New York Mellon, in its capacity as collateral agent, and (ii) in the case of any Series of Future Second Priority Obligations or Future Second Lien Indebtedness Secured Parties that become subject to the First Priority/Second Priority Intercreditor and Subordination Agreement after the Issue Date, the collateral agent, administrative agent, trustee or any other similar agent named for such Series in the applicable joinder to the First Priority/Second Priority Intercreditor and Subordination Agreement.

Second Priority Collateral Agent means each of the Exit Agreement Collateral Agent, Secured Notes Indenture Collateral Agent, and Convertible Notes Indenture Collateral Agent.