Designated First Lien Representative definition

Designated First Lien Representative means (i) if at any time there is only one Series of First Lien Obligations with respect to which the Discharge of First Lien Obligations has not occurred, the First Lien Representative for the First Lien Claimholders in such Series and (ii) at any time when clause (i) does not apply, the “Applicable Representative” (as defined in the First Lien Pari Passu Intercreditor Agreement) at such time.

Designated First Lien Representative means the “Designated First Lien Representative” as defined in the Closing Date Intercreditor Agreement.

Designated First Lien Representative means (i) if at any time there is only one Series of First Lien Obligations with respect to which the Discharge of First Lien Obligations has not occurred, the First Lien Representative for the First Lien Secured Parties in such Series and (ii) at any time when clause (i) does not apply, the “Applicable Representative” (or similar term, in each case as defined in the First Lien Pari Passu Intercreditor Agreement) at such time. As of the date hereof, the Initial First Lien Representative is the Designated First Lien Representative and the Designated Second Lien Representative may treat the Initial First Lien Representative as Designated First Lien Representative until such time as it receives a written notice from any subsequent Designated First Lien Representative that the Initial First Lien Representative was replaced as Designated First Lien Representative.

Examples of Designated First Lien Representative in a sentence

• If the Designated First Lien Representative or any other Secured Party receives a distribution in the form of Non-Cash Consideration in respect of any of the Liabilities (other than any distribution of Non-Cash Recoveries), the Liabilities will not be reduced by that distribution until and except to the extent that the realisation proceeds are actually applied towards the Liabilities.

• Unless and until the Discharge of First Lien Obligations has occurred, the Designated First Lien Representative and the First Lien Secured Parties shall have the sole and exclusive right, subject to the rights of the Obligors under the First Lien Debt Documents, (a) to adjust settlement for any insurance policy covering the Collateral in the event of any loss thereunder, and (b) to approve any award granted in any condemnation or similar proceeding affecting the Collateral.

• If e-filing your public comment through COOL is not practicable, the Clerk may grant you permission to file your public comment by another means.

• The Designated First Lien Representative is hereby authorized to make any such endorsements as agent for the Second Lien Secured Parties and this authorization is coupled with an interest and is irrevocable until the Discharge of the First Lien Obligations (other than Excess First Lien Obligations).

• Promptly upon becoming aware of an event of default under the Unsecured Debt Documents, such Unsecured Creditors (or Unsecured Creditor Representative on behalf of the Unsecured Creditors on behalf of which it represents) shall by notice in writing notify the Designated First Lien Representative and Designated Second Lien Representative of the existence of such event of default under the Unsecured Debt Documents (and promptly deliver a copy of such notice to the Parent).

More Definitions of Designated First Lien Representative

Designated First Lien Representative means Controlling Collateral Agent designated as such under the Intercreditor Agreement.

Designated First Lien Representative means (i) the First Lien Credit Agreement Administrative Agent, until such time as the Discharge of First Lien Credit Agreement Obligations has occurred, and (ii) thereafter, the First Lien Representative with respect to the then existing First Lien Debt Facility (if only one First Lien Debt Facility is then in effect), otherwise, the First Lien Representative serving as the “Applicable Authorized Representative” (as defined in the First Lien Parity Intercreditor Agreement) or any similar term used in the First Lien Parity Intercreditor Agreement. When any Representative other than the First Lien Credit Agreement Administrative Agent becomes the Applicable Authorized Representative thereunder it (or the Parent Borrower on its behalf) shall send a written notice thereof to the Designated Second Lien Representative and the Grantors.

Designated First Lien Representative means (i) the First Lien Agent, until such time as the Discharge of First Lien Credit Agreement Obligations has occurred, and (ii) thereafter, the First Lien Representative serving as the “Applicable Authorized Representative” (as defined in the First Lien Parity Intercreditor Agreement). When any First Lien Representative other than the First Lien Agent becomes the Applicable Authorized Representative thereunder, it shall send a written notice thereof to each Second Lien Representative and the Grantors. For purposes of this definition, the First Lien Credit Agreement shall not be deemed to be Discharged if it is Refinanced with a Replacement First Lien Credit Agreement.

Designated First Lien Representative means (i) if at any time there is only one Series of First Lien Obligations with respect to which the Discharge of First Lien Obligations has not occurred, the First Lien Representative for the First Lien Secured Parties in such Series and (ii) at any time when clause (i) does not apply, the “Applicable Representative” (as defined in the First Lien Pari Passu Intercreditor Agreement) at such time, as notified in writing to the Second Lien Representative, Second Lien Collateral Agent, Third Lien Representative and Third Lien Collateral Agent.

Designated First Lien Representative means (i) if at any time there is only one First Lien Representative for a First Lien Document with respect to which the Discharge of First Lien Debt Obligations has not occurred, such First Lien Representative and (ii) at any time when clause (i) does not apply, the "Authorized First Lien Representative" determined in accordance with (and defined under) the First Lien Intercreditor Agreement.

Designated First Lien Representative means (i) the First Lien Credit Agreement Administrative Agent, until such time as the Discharge of First Lien Credit Agreement Obligations has occurred, and (ii) thereafter, the First Lien Representative serving as the “Applicable Authorized Representative” (as defined in the First Lien Parity Intercreditor Agreement). When any First Lien Representative other than the First Lien Credit Agreement Administrative Agent becomes the Applicable Authorized Representative thereunder, it shall send a written notice thereof to each Second Lien Representative and the Grantors. For purposes of this definition, the First Lien Credit Agreement shall not be deemed to be Discharged if it is Refinanced with a Replacement First Lien Credit Agreement.

Designated First Lien Representative has the meaning assigned to such term in the First Lien/Second Lien Intercreditor Agreement.