Additional Secured Party definition

Additional Secured Party means the holders of any Additional Obligations and any Authorized Representative with respect thereto, and shall include the Initial Additional Secured Parties.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Additional Secured Party means (a) with respect to any obligation referred to in clause (c) of the definition of the term “Borrower Obligations”, any Affiliate of a Lender or any Affiliate of the Administrative Agent, in each case that is a party to a Swap Agreement with a Loan Party or a Subsidiary and to which any such obligation is owed, (b) with respect to any obligation referred to in clause (d) of the definition of the term “Borrower Obligations”, any person to which any such obligation (to the extent that such obligation may be guaranteed and/or secured hereunder) is owed, or (c) with respect to any obligation referred to in clause (e) of the definition of the term “Borrower Obligations”, any person to which such obligation (to the extent such obligation may be guaranteed and/or secured hereunder) is owed.

Additional Secured Party means either of (i) the Junior Priority Representative (as defined in the Intercreditor Agreement) or (ii) any trustee appointed pursuant to Section 8.01(d) of the Credit Agreement with respect to the Aircraft Security Agreement, in each case, upon entry by such party of an Additional Secured Party Joinder.

Examples of Additional Secured Party in a sentence

Effective upon such notice, each Additional Secured Party shall have the same rights and obligations as the other Secured Parties hereunder and the term “Secured Parties” as used herein shall be deemed to include each such Additional Secured Party.
Pursuant to the terms of [Section 3.03(b)] / [Section 9.09(b)] of the Collateral Agency Agreement, the undersigned hereby agrees to be bound by the Collateral Agency Agreement as an [“Interest Rate Hedge Bank”] / [Additional Secured Party] thereunder.
Capitalized terms in this Additional Secured Party Consent but not otherwise defined herein have the meanings set forth in the Collateral Agreement.
The Additional Secured Party hereby becomes a Secured Party as [Administrative Agent/Collateral Agent] [Secured Debt Representative] [a holder of Additional Obligations] [a Secured Commodity Hedge Counterparty].
It being further understood that the Collateral Agent shall serve in such role only if it has countersigned an Additional Secured Party Consent and in such case solely with respect to the New Secured Obligation under and as defined in such Additional Secured Party Consent.

More Definitions of Additional Secured Party

Additional Secured Party means either of (i) the Junior Priority Representative (as defined in the Intercreditor Agreement) or (ii) any trustee appointed pursuant to Section 8.01(d) of the Credit Agreement with respect to the Aircraft Security Agreement or Spare Engine Security Agreement or a supplement to either, in each case, upon entry by such party of an Additional Secured Party Joinder.

Additional Secured Party means a Holder or an Other Secured Lender executing a Joinder.

Additional Secured Party means, after the Issue Date, any Person becoming a Currency Hedge Counterparty, an Interest Rate Hedging Counterparty, a Credit Default Swap Counterparty, a Senior Funding Noteholder and any other Person who may become a party to the Trust Deed as a Secured Party.

Additional Secured Party means any Affiliate of a Lender, any Affiliate of the Administrative Agent or any other financial institution reasonably acceptable to the Administrative Agent, in each case that is a provider of Cash Management Services or the Overdraft Line and to which any obligation referred to in clause (c) or (d) of the definition of the term “Obligations” is owed.

Additional Secured Party means each holder (other than the Trustee) of additional Obligations of the Charter School identified as an Additional Secured Party in any supplement to this Agreement entered into for the purpose of identifying the indebtedness or payment obligations evidenced thereby as additional Obligations of the Charter School.

Additional Secured Party shall have the meaning assigned to such term in Section 5.16.

Additional Secured Party means, after the Issue Date, any Person becoming a Revolving Credit Facility Provider, a Liquidity Facility Provider, a Currency Hedge Counterparty, an Interest Rate