Additional Pari Passu Collateral Agent definition

Additional Pari Passu Collateral Agent means the Person that serves as the collateral agent, collateral trustee or a similar representative for the holders of a series of Additional Pari Passu Lien Obligations.
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Additional Pari Passu Collateral Agent the agent or other representative with respect to any Additional Secured Obligations in favor of which any Additional Pari Passu Liens are granted.
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Additional Pari Passu Collateral Agent has the meaning assigned to such term in the introductory paragraph of this Agreement.
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Examples of Additional Pari Passu Collateral Agent in a sentence

  • The execution and delivery of such instrument shall not require the consent of any other party hereunder, and will be acknowledged by the Additional Pari Passu Collateral Agent and the Credit Agreement Collateral Agent.

  • I declare that I have not contracted another person to do the work for me or allowed another person to edit and substantially change my work.

  • As between the Pari Passu Secured Parties, the Applicable Collateral Agent, (and in the case of the Additional Pari Passu Collateral Agent, acting at the direction of the Applicable Authorized Representative), shall have the right to adjust or settle any insurance policy or claim covering or constituting Shared Collateral in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding affecting the Shared Collateral.

  • The primary purpose of the system will be to provide emergency power for the traffic control system and associated equipment in the event of a utility power failure or when the utility power is outside of the programmable voltage and frequency range of the UPS system.

  • All communications and notices hereunder to the Additional Pari Passu Collateral Agent shall be given to it at the address set forth under its signature hereto, which information supplements Section 6.01 of the Pari Passu Intercreditor Agreement.

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  • Except as expressly set forth herein, none of the Administrative Agent, the Credit Agreement Collateral Agent, the Additional Pari Passu Collateral Agent or the Initial Additional Pari Passu Authorized Representative shall 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 Secured Credit Documents.

  • Except as expressly set forth herein, none of the Admin­istrative Agent, the Credit Agreement Collateral Agent, the Additional Pari Passu Collateral Agent or the Initial Additional Pari Passu Authorized Representative shall 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 Secured Credit Docu­ments.

  • Xxxxxx Title: Executive Director WILMINGTON TRUST, NATIONAL ASSOCIATION, as Additional Pari Passu Collateral Agent By: /s/ Xxxxx X.

  • As between the Pari Passu Secured Parties, the Applicable Collateral Agent, (and in the case of the Additional Pari Passu Collateral Agent, act­ing at the direction of the Applicable Authorized Representative), shall have the right to adjust or settle any insurance policy or claim covering or constituting Shared Collateral in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding affecting the Shared Collateral.


More Definitions of Additional Pari Passu Collateral Agent

Additional Pari Passu Collateral Agent means (x) the Initial Other Collateral Agent and (y) with respect to each other Series of Additional Pari Passu Obligations incurred following the date hereof, the person serving as collateral agent (or the equivalent) for such Series of Additional Pari Passu Obligations and named as such in the applicable Joinder Agreement delivered pursuant to Section 5.13 hereof, together with its successors in such capacity.
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Additional Pari Passu Collateral Agent has the meaning assigned to such term in Section 3(b).
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Related to Additional Pari Passu Collateral Agent

  • ABL Collateral Agent means the “Collateral Agent” as defined in the ABL Credit Agreement.

  • Term Loan Collateral Agent means Credit Suisse, Cayman Islands Branch, as collateral agent for the lenders under the Term Loan Credit Agreement, together with its respective successors and permitted assigns under the Term Loan Credit Agreement exercising substantially the same rights and powers, or such other agent as may from time to time be appointed thereunder.

  • Notes Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Permitted Pari Passu Intercreditor Agreement means, with respect to any Liens on Collateral that are intended to be pari passu with the Liens securing the Term B Loans (and other Loan Obligations that are pari passu with the Term B Loans), either (as the Borrower shall elect) (x) the First Lien/First Lien Intercreditor Agreement, (y) another intercreditor agreement not materially less favorable to the Lenders vis-à-vis such pari passu Liens than the First Lien/First Lien Intercreditor Agreement (as determined by the Borrower in good faith) or (z) another intercreditor agreement the terms of which are consistent with market terms governing security arrangements for the sharing of liens on a pari passu basis at the time such intercreditor agreement is proposed to be established in light of the type of Indebtedness to be secured by such liens, as determined by the Administrative Agent and the Borrower in the exercise of reasonable judgment.