Term Agent definition

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”, “Administrative Agent”, “Collateral Agent”, “Trustee”, “Collateral Trustee” or similar term under any Term Credit Agreement.

Term Agent has the meaning assigned to such term in the Base Intercreditor Agreement or the Cash Flow Intercreditor Agreement, as applicable.

Term Agent means JPMorgan Chase Bank, N.A., in its capacity as administrative agent and collateral agent under the Term Documents, or any successor administrative agent or collateral agent under the Term Documents.

Examples of Term Agent in a sentence

• The Term Agent shall deliver to the Borrower Representative, at the reasonable request of the Borrower Representative, a loan statement setting forth such record for the period so requested.

• Notwithstanding anything to the contrary contained in this Agreement, the Term Agent may require the Term Lenders to make advances (a “Protective Overadvance”) so long as the Term Agent determines, in its sole discretion, such Protective Overadvance is necessary or desirable to preserve or protect any Collateral, or to enhance the collectability or repayment of Obligations, or to pay any other amounts chargeable to Borrowers under any Loan Documents, including costs, fees and expenses.

• Once provided, any notice of a prepayment of the Term Loan shall be revocable by the Borrower Representative to the extent repayment is contingent upon receipt of proceeds from a financing, and the Term Agent will promptly notify each applicable Term Lender thereof and of such Term Lender’s Pro Rata Percentage of such prepayment.

• The Indebtedness under any Subordinated Indebtedness Documents shall, and Borrowers shall take all necessary action to ensure that the Indebtedness thereunder shall, at all times, be subordinated in right of payment to the Obligations, subject to any terms and conditions that the Term Agent may agree to in its sole discretion in any Subordination Agreement.

• Any Protective Overadvances made under this clause (d) shall be made by the Term Agent as determined by the Term Agent in its sole discretion.

More Definitions of Term Agent

Term Agent means the Term Administrative Agent or the Term Collateral Agent and any successor and assigned in such capacity, and “Term Agents” means any two or more of them.

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

Term Agent means Bank of America, N.A., in its capacity as administrative agent under the Term Facility, and any successor thereto.

Term Agent means Barclays Bank PLC, and any successor and assign thereto, in each case in its capacity as administrative agent and/or collateral agent under the Term Credit Agreement.

Term Agent means Wilmington Savings Fund Society, FSB in its capacity as successor administrative agent under the Term Loan Agreement.

Term Agent shall have the meaning assigned that term in the Intercreditor Agreement .

Term Agent means Pathlight Capital LP, as Agent and Collateral Agent for the lenders under the Term Loan Agreement, and any successor agent thereunder.