Applicable Collateral Representative definition

Applicable Collateral Representative means the Representative or Collateral Agent to whom any Lien on Collateral has been legally granted, giving such Person the right to enforce such Lien against other parties.
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Applicable Collateral Representative has the meaning given to such term in the Intercreditor Agreement.
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Examples of Applicable Collateral Representative in a sentence

  • Each Collateral Agent and each Applicable Collateral Representative hereby accepts such appointment and shall have all of the rights and obligations of the Collateral Agent or Applicable Collateral Representative hereunder and under the Secured Debt Documents to which it is a party or third-party beneficiary.

  • In the event that any Collateral is granted to an Applicable Collateral Representative other than one of the Collateral Agents, such Applicable Collateral Representative shall be deemed to have all of the rights, privileges and obligations of a Collateral Agent hereunder.

  • The Collateral is vested in and held by the applicable Collateral Agent or Applicable Collateral Representative (if applicable) for the benefit of the Secured Parties and only the Collateral Agents (or Applicable Collateral Representative), acting pursuant to an Act of Controlling Creditors, has the right to take actions (and exercise rights, remedies and options) with respect to the Collateral.

  • Each Lien granted in favor of a Collateral Agent or Applicable Collateral Representative under any Collateral Document (other than with respect to Non-Shared Collateral) shall be for the benefit of all Secured Parties and shall be subject in all respect to the terms of this Agreement.

  • Each Lien granted in favor of a Collateral Agent or Applicable Collateral Representative under any Collateral Document shall be for the benefit of all Secured Parties and shall be subject in all respect to the terms of this Agreement.

  • The Collateral is vested in and held by the applicable Collateral Agent or Applicable Collateral Representative (if applicable) (for the benefit of the Secured Parties) and only the Collateral Agents (or Applicable Collateral Representative), acting pursuant to an Act of Controlling Creditors, has the right to take actions (and exercise rights, remedies and options) with respect to the Collateral.