Controlling Agent definition

Controlling Agent means (i) until the earlier of (x) the Discharge of Credit Agreement Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date, the Bank Agent and (ii) from and after the earlier of (x) the Discharge of Credit Agreement Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date, the collateral agent for that series of First Lien Indebtedness which is represented by the Major Non-Controlling Authorized Representative.

Controlling Agent means the “Controlling Agent” as defined in the Intercreditor Agreement.

Controlling Agent means (i) prior to the Springing Control Date, the RUS Trustee, and (ii) after the Springing Control Date, the DIP Collateral Agent.

Examples of Controlling Agent in a sentence

• The liens on the Shared Collateral held by the Non- Controlling Agent shall be released automatically upon any sale, liquidation or foreclosure of any Shared Collateral, if such sale, liquidation or foreclosure is effected as a result of the exercise of remedies against all or a portion of the Shared Collateral by the Controlling Agent.

• At any time, the Controlling Agent shall be entitled to control all decisions related to the exercise of remedies with respect to all or any portion of the Shared Collateral and the Non-Controlling Agent shall not exercise and enforce any rights or remedies with respect to all or any portion of the Shared Collateral, provided that the Controlling Agent shall be required to consult in good faith with, and with reasonable notice to, the Non-Controlling Agent with respect to any such exercise or enforcement.

• Controlling Agent: The institution, agency or entity having legal control of human remains, funerary objects, sacred objects, or objects of cultural patrimony.

• Subject to the required application of proceeds as described below, the Controlling Agent may deal with the Shared Collateral as if it had a lien on the Shared Collateral that is senior to the lien of the Non-Controlling Agent.

• The authorities are co-ordinated by a single agent (Authority Controlling Agent) that conducts housekeeping tasks such as routing messages to different authorities.Since negotiation is by virtue an iterate process, at least two message interactions has to take place before the communication can said to be a negotiation process.

More Definitions of Controlling Agent

Controlling Agent means, with respect to any Common Collateral consisting of ABL Collateral or Non-ABL Collateral, the Agent with respect to the Prior Secured Parties secured by such Common Collateral and in respect of which Common Collateral all Other Secured Parties are Junior Secured Parties. The parties hereto acknowledge that (a) prior to the Discharge of the Term Loan Credit Obligations, the Term Loan Credit Agent is the Controlling Agent with respect to the Non-ABL Collateral, (b) prior to the Discharge of the Revolving Credit Obligations, the Revolving Credit Agent is the Controlling Agent with respect to the ABL Collateral, (c) after the Discharge of the Term Loan Credit Obligation and prior to the Discharge of the Permitted Notes Obligations, the Designated Permitted Notes Agent will be the Controlling Agent with respect to the Non-ABL Collateral and (d) after the Discharge of the Revolving Credit Obligation and prior to the Discharge of the Term Loan Credit Obligations, the Term Loan Credit Agent will be the Controlling Agent with respect to the ABL Collateral.

Controlling Agent means (a) until the Discharge of ABL Priority Obligations, the ABL Agent and (b) from the Discharge of ABL Priority Obligations, the Agent.

Controlling Agent means the Bank Collateral Agent until such time as the Escrow Agent has received written notice from the Bank Collateral Agent stating in substance that henceforth the Notes Collateral Agent will be Controlling Agent (a “Change Notice”), at which time the Notes Collateral Agent will replace the Bank Collateral Agent as Controlling Agent.

Controlling Agent means the peace officer who is the main point of contact with the confidential informant for the controlled buy, controlled sale, or in-person surreptitious recording.

Controlling Agent has the meaning specified in the Intercreditor Agreement.

Controlling Agent means First Lien Agent until such time as Bank has received written notice from First Lien Agent stating in substance that henceforth Second Lien Agent will be Controlling Agent (a “Change Notice”), at which time Second Lien Agent will replace First Lien Agent as Controlling Agent.

Controlling Agent means, with respect to any Shared Collateral, (i) until the Senior Loan Obligations Payment Date, the Bank Collateral Agent and (ii) from and after the Senior Loan Obligations Payment Date, the Major Additional Senior Representative.