Applicable First Lien Agent definition

Applicable First Lien Agent has the meaning assigned to such term in the Priority Lien Intercreditor Agreement.

Applicable First Lien Agent means at any time with respect to any Collateral, the First Lien Agent of the Series of First Lien Obligations that constitutes the then largest outstanding principal amount of any outstanding Series of First Lien Obligations with respect to such Collateral.

Applicable First Lien Agent means, at any time, the Authorized Representative that is the “Applicable Authorized Representative” (or equivalent term) under and as defined in any first-lien intercreditor agreement or other applicable First-Priority Lien Obligations Documents that may be entered into after the date hereof with respect to different Series of First-Priority Lien Obligations; provided that, until such time as any such person is appointed, the Applicable First Lien Agent shall be the Collateral Agent.

Examples of Applicable First Lien Agent in a sentence

• Upon the Discharge of ABL Obligations, the ABL Agent shall deliver to the Applicable First Lien Agent any ABL Priority Collateral and Proceeds of ABL Priority Collateral received or delivered to it pursuant to the preceding sentence, in the same form as received, with any necessary endorsements, to be applied by the First Lien Agents to the First Lien Obligations in such order as specified in the First Lien Security Documents or as a court of competent jurisdiction may otherwise direct.

• Demonstration of a manufacturing approach that allows for installation of the DAF in close proximity of upward flanges is part of this work package.If successful, the topic manager would like to invite the applicant to demonstrate this technology on parts of the demonstrator.

• In addition, unless and until the Discharge of ABL Obligations occurs, subject to Section 4.2, each First Lien Agent and the First Lien Claimholders each hereby consents to the application, prior to the receipt by the ABL Agent of an Enforcement Notice issued by the Applicable First Lien Agent, of cash or other Proceeds of Collateral, deposited under Account Agreements to the repayment of ABL Obligations pursuant to the ABL Loan Documents.

• Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the permitted successors and assigns of such party; and all covenants, promises and agreements by or on behalf of any Pledgor, the Applicable First Lien Agent or the Collateral Agent that are contained in this Agreement shall bind and inure to the benefit of their respective permitted successors and assigns.

• In addition, unless and until the Discharge of ABL Obligations occurs, subject to Section 4.02, each First Lien Agent and the First Lien Claimholders each hereby consents to the application, prior to the receipt by the ABL Agent of an Enforcement Notice issued by the Applicable First Lien Agent, of cash or other Proceeds of Collateral, deposited under Account Agreements to the repayment of ABL Obligations pursuant to the ABL Loan Documents.

More Definitions of Applicable First Lien Agent

Applicable First Lien Agent means the RBL Facility Agent until it shall have notified in writing the Applicable Second Lien Agent, the Term Facility Agent (if not acting as the Applicable Second Lien Agent), the Senior Secured Notes Collateral Agent, the Senior Secured Notes Trustee and any Other Second-Priority Lien Obligations Agent that another Representative has become the Applicable First Lien Agent for the First-Priority Lien Obligations Secured Parties, as appointed pursuant to a Pari Passu First-Priority Intercreditor Agreement or other First-Priority Lien Obligations Documents.

Applicable First Lien Agent means the First Lien Facility Agent until it shall have notified in writing the Applicable Second Lien Agent, the Second Lien Facility Agent (if not acting as the Applicable Second Lien Agent) and any Other First Lien Obligations Representative that another Representative has become the Applicable First Lien Agent for the First Lien Obligations Secured Parties pursuant to a Permitted Pari Passu Intercreditor Agreement or other First Lien Obligations Documents. As of the date hereof, CS, in its capacity as the First Lien Facility Agent, shall act as the Applicable First Lien Agent.

Applicable First Lien Agent has the meaning given to such term in the First Lien/Second Lien Intercreditor Agreement. On the Issue Date, the Applicable First Lien Agent will be U.S. Bank National Association, as the Pari Passu Collateral Agent under and as defined in the First Lien Intercreditor Agreement.

Applicable First Lien Agent means at any time the Major Non-Controlling First Lien Agent, which on the Issue Date shall be the Credit Agreement Agent.

Applicable First Lien Agent means the RBL Facility Agent until it shall have notified in writing the Applicable Second Lien Agent, the Notes Facility Agent (if not acting as the Applicable Second Lien Agent) and any Other Second-Priority Lien Obligations Agent that another Representative has become the Applicable First Lien Agent for the First-Priority Lien Obligations Secured Parties, as appointed pursuant to a Pari Passu First-Priority Intercreditor Agreement or other First-Priority Lien Obligations Documents. For the avoidance of doubt, (i) for so long as the Senior Lien Intercreditor Agreement is in effect, the Applicable First Lien Agent hereunder shall also be the “Applicable First Lien Agent” under the Senior Lien Intercreditor Agreement, (ii) for so long as the Priority Lien Intercreditor Agreement is in effect, the Applicable First Lien Agent hereunder shall also be the “Applicable First Lien Agent” under the Priority Lien Intercreditor Agreement and (iii) for so long as the Additional Priority Lien Intercreditor Agreement is in effect, the Applicable First Lien Agent hereunder shall also be the “Applicable First Lien Agent” under the Additional Priority Lien Intercreditor Agreement.

Applicable First Lien Agent means (i) on the date hereof, the First-Lien Collateral Agent and (ii) after the incurrence of any Other First-Priority Lien Obligations, the “Applicable Authorized Representative” or “Controlling Collateral Agent” (or similar term) under and as defined in the first-lien intercreditor agreement or other applicable First-Priority Lien Obligations Document entered into with respect to different Series of First-Priority Lien Obligations. For purposes of this Agreement, the ABL Facility Collateral Agent may treat the First-Lien Collateral Agent as the Applicable First-Lien Agent until notified in writing by the First-Lien Collateral Agent that another representative has become the Applicable First-Lien Agent.

Applicable First Lien Agent as defined in the First Lien/Second Lien Intercreditor Agreement.