First Priority Collateral Agent definition

First Priority Collateral Agent means (i) in the case of any First Priority Credit Obligations, the Senior Secured Credit Facilities Collateral Agent, (ii) in the case of the First Lien Notes Obligations, the collateral agent for the Existing First Lien Notes, and (iii) in the case of any series of Future First Lien Obligations or Future First Lien Indebtedness Secured Parties that become subject to the First Priority/Second Priority Intercreditor 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 Agreement.

First Priority Collateral Agent means such agent or trustee as is designated “First-Priority Collateral Agent” by First-Priority Secured Parties pursuant to the terms of the Pari Passu Intercreditor Agreement (if then in effect) and the First-Priority Documents; it being understood that as of the date of this Agreement, the First Lien Collateral Agent shall be so designated First-Priority Collateral Agent.

First Priority Collateral Agent means in the case of any Senior Secured Credit Facility Obligations, the First Lien Notes Obligations and any other Additional First Lien Obligations pursuant to which the administrative agent, trustee or any other similar agent named for such series becomes a party pursuant to the terms thereof, the Collateral Agent named under the Junior Intercreditor Agreement, which as of the Issue Date shall be JPMorgan Chase Bank, N.A.

Examples of First Priority Collateral Agent in a sentence

• In exercising rights and remedies with respect to the First-Priority Collateral, the First-Priority Collateral Agent and the First-Priority Secured Parties may enforce the provisions of the First-Priority Documents and exercise remedies thereunder, all in such order and in such manner as they may determine in the exercise of their sole discretion.

• The First-Priority Collateral Agent may demand specific performance of this Agreement.

• Neither the First-Priority Collateral Agent nor any First-Priority Secured Party shall have any duty to any Second-Priority Representative or any Second-Priority Secured Party to act or refrain from acting in a manner that allows, or results in, the occurrence or continuance of an event of default or default under any agreements with the Company or any Subsidiary thereof (including the Second-Priority Documents), regardless of any knowledge thereof that they may have or be charged with.

• The First-Priority Collateral Agent is hereby authorized to make any such endorsements as agent for any Second-Priority Representative or any such Second-Priority Secured Party.

• Unless and until the Discharge of First-Priority Obligations has occurred, the First-Priority Collateral Agent and the First-Priority Secured Parties shall have the sole and exclusive right, subject to the rights of the Grantors under the First-Priority Documents, to adjust settlement for any insurance policy covering the Common Collateral in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding affecting the Common Collateral.

More Definitions of First Priority Collateral Agent

First Priority Collateral Agent has the meaning assigned to that term in the Preamble to this Agreement.

First Priority Collateral Agent means in the case of any Senior Secured Credit Facility Obligations, the Notes Obligations, the Existing First Lien Notes Obligations and any other Additional First Lien Obligations pursuant to which the administrative agent, trustee or any other similar agent named for such Series becomes a party pursuant to the terms thereof, the Collateral Agent.

First Priority Collateral Agent means any Person acting as collateral agent or in any similar representative capacity for the benefit of any of the holders of First Priority Obligations.

First Priority Collateral Agent means CS AG, in its capacity as collateral agent for the First-Priority Secured Parties, together with its successors and permitted assigns under the First-Priority Documents exercising substantially the same rights and powers (or if there is more than one First-Priority Credit Document, such agent or trustee as is designated “First-Priority Collateral Agent” by First-Priority Secured Parties pursuant to the terms of the First-Priority Documents).

First Priority Collateral Agent means the Royal Bank of Canada, in its capacity as collateral agent for the First-Priority Secured Parties, together with its successors and permitted assigns (or if such Person is no longer the First-Priority Collateral Agent, such agent or trustee as is designated as “First-Priority Collateral Agent” under the First-Priority Obligations Documents).

First Priority Collateral Agent means JPMorgan Chase Bank, N.A. and its successors or assigns in its capacity as collateral agent for the Secured Parties (as defined in the Credit Agreement).

First Priority Collateral Agent as defined in the preamble hereto.