Class B Agent definition

Class B Agent as defined in Section 8.1.

Class B Agent means the Transferor.

Class B Agent shall have the meaning specified in the preamble of the Class B Certificate Purchase Agreement.

Examples of Class B Agent in a sentence

• In performing its functions and duties hereunder, the Class B Agent shall act solely as an agent of the Class B Revolving Lenders and does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for any Class A Revolving Lender, Holdings or any of its Subsidiaries.

• Company shall provide to the Class B Agent, which shall promptly forward to each Class B Revolving Lender, (a) substantially contemporaneously with its provision to the Administrative Agent any written information required to be provided to the Administrative Agent under any Credit Document, and (b) prompt written notice of (i) any Event of Default under this Agreement and (ii) any written waiver or consent provided under, or any amendment of, any Credit Document.

• Upon any such appointment of a Class B Agent, any delivery, notice or similar requirement to be sent to or received from the Class B Revolving Lenders hereunder or in any other Credit Document shall instead be sent to or received from the Class B Agent, on behalf of the Class B Revolving Lenders.

• The Class B Agent, acting for this purpose as an agent of the Company, shall maintain at its Principal Office a register for the recordation of the names and addresses of the Class B Revolving Lenders and the Class B Revolving Commitments and Class B Revolving Loans of each Class B Revolving Lender from time to time (the “Class B Register”).

• On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account and pay to the Class B Agent, to the extent of Total Finance Charge Collections for such Business Day (after giving effect to the withdrawals pursuant to subsections 4.6(c)(i) through (xiii) of the Agreement), an amount equal to the sum of all unpaid Class B Supplemental Payments.

More Definitions of Class B Agent

Class B Agent has the meaning specified in Section 4.7.

Class B Agent means PNC Bank, National Association, or any successor at the time designated as the Agent for the Class B Certificateholders under the Class B Certificate Purchase Agreement.

Class B Agent means each person designated as such under the Class B Note ------------- Purchase Agreement.

Class B Agent means Credit Suisse First Boston, New York Branch, or any successor at the time designated as the Agent for the Class B Certificateholders under the Class B Certificate Purchase Agreement.

Class B Agent as defined in the preamble hereto.

Class B Agent means The First National Bank of Chicago, and any successor agent appointed pursuant to the Class B Note Purchase Agreement.

Class B Agent as defined in the preamble hereto. “Class B Applicable Margin” means [***] “Class B Base Margin” means [***] “Class B Borrowing Base” means, as of any day, an amount equal to the lesser of: (a) (i) the Applicable Class B Advance Rate, multiplied by the Aggregate Adjusted EPOB pertaining to Eligible Loan Assets at such time plus (ii) the aggregate amount of Collections in the Waterfall Account after giving effect to the application of available funds in accordance with Section 0 on the next following Distribution Date, minus (iii) the Total Utilization of Class A Revolving Maximum Amount; and (b) the total Class B Revolving Commitments on such day.