Applicable Junior Lien Agent definition

Applicable Junior Lien Agent has the meaning assigned to the term “Applicable Second Lien Agent” in the Senior Lien Intercreditor Agreement.
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Applicable Junior Lien Agent means such agent or trustee as is designated “Applicable Junior Lien Agent” by Junior Lien Obligations Secured Parties holding a majority in aggregate principal amount of the Junior Lien Obligations then outstanding. As of the date hereof, the Notes Collateral Agent, in its capacity as the Junior Lien Notes Collateral Agent, shall act as the Applicable Junior Lien Agent. When any Junior Lien Obligations Representative other than the Junior Lien Notes Collateral Agent becomes the Applicable Junior Lien Agent, it shall send a written notice thereof to the Applicable First Lien Agent and the Pledgors.
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Examples of Applicable Junior Lien Agent in a sentence

  • The Applicable First Lien Agent (or the relevant First Lien Obligations Representative) and the Applicable Junior Lien Agent (or the relevant Junior Lien Obligations Representative) will be named as additional insureds and/or loss payees, as applicable, under the insurance policies maintained by any Pledgor as required pursuant to the applicable First Lien Obligations Documents and applicable Junior Lien Obligations Documents, respectively.

  • Subject to Section 5.5 hereof, none of the Applicable First Lien Agent, or any First Lien Obligations Representative, or any other First Lien Obligations Secured Party shall be responsible for perfecting or maintaining the perfection of Liens with respect to the Common Collateral for the benefit of the Applicable Junior Lien Agent, any Junior Lien Obligations Representative or any other Junior Lien Obligations Secured Party.

  • If the Applicable Junior Lien Agent, any Junior Lien Obligations Representative or any other Junior Lien Obligations Secured Party shall, at any time, receive any proceeds of any such insurance policy or any such award in contravention of this Agreement, it shall pay such proceeds over to the Applicable First Lien Agent in accordance with the terms of this Section 5.2 and Section 4.3.

  • The Applicable Junior Lien Agent, each Junior Lien Obligations Representative and each Other Junior Lien Obligations Secured Parties hereby waive and release the Applicable First Lien Agent and each First Lien Obligations Representative from all claims and liabilities arising pursuant to the Applicable First Lien Agent’s role or any First Lien Obligations Representative’s role, as agent and gratuitous bailee and/or gratuitous agent with respect to any Common Collateral, under this Section 5.5.

  • This CONSENT AND ACKNOWLEDGMENT (this “Consent”) dated as of [mm] [dd], [yyyy], is executed by [ ], as an Other First Lien Obligations Agent (the “New Agent”), and acknowledged by [DEUTSCHE BANK AG NEW YORK BRANCH], as the Applicable First Lien Agent, [U.S. BANK NATIONAL ASSOCIATION], as the Applicable Junior Lien Agent, and ALERIS INTERNATIONAL, INC., as the Company (on behalf of itself and the other Pledgors as defined in the First Lien/Junior Lien Intercreditor Agreement defined below).

  • The Applicable Junior Lien Agent and the relevant Junior Lien Obligations Representatives may exercise rights and remedies as an unsecured creditor against the Company or any other Pledgor that has guaranteed the Junior Lien Obligations in accordance with the terms of the applicable Junior Lien Obligations Documents and applicable law (including the Bankruptcy Laws of any applicable jurisdiction), in each case to the extent not inconsistent with or prohibited by the provisions of this Agreement.

  • The Applicable First Lien Agent and each First Lien Obligations Representative (if not the Applicable First Lien Agent) are each hereby individually authorized to make any such endorsements as agent for the Applicable Junior Lien Agent, any Junior Lien Obligations Representative or any Other Junior Lien Obligations Secured Parties.

  • If the Junior-Priority Lien Obligations Termination Date has occurred, a reference in this Agreement to the Applicable Junior Lien Agent shall, unless the context requires otherwise, be construed as a reference to the Applicable First Lien Agent and this Agreement shall be interpreted accordingly.

  • This is a continuing agreement of lien subordination and the First Lien Obligations Secured Parties may continue, at any time and without notice to the Applicable Junior Lien Agent, any Junior Lien Obligations Representative (if different from the Applicable Junior Lien Agent) or any other Junior Lien Obligations Secured Party, to extend credit and other financial accommodations and lend monies to or for the benefit of the Company or any other Pledgor constituting First Lien Obligations in reliance hereon.