Common Collateral Agent definition

Common Collateral Agent means Citibank, N.A. or another collateral agent appointed to hold Liens securing the Secured Obligations, in addition to Liens securing other Indebtedness of the Loan Parties (or any of them), including in respect of the ABL Facility and/or the Secured Notes.

Common Collateral Agent means a bank or trust company authorized to exercise corporate trust powers that has been appointed by the Company, and has agreed, to act as collateral agent hereunder and under the Security Documents for the equal and ratable benefit of both the holders of obligations secured by the Liens securing Note Obligations and the holders of all other obligations secured by Liens securing Other Second-Lien Obligations, in its capacity as such collateral agent.

Common Collateral Agent means Mizuho Bank (USA) or any successor to it appointed pursuant to the terms of the Common Accounts Agreement.

Examples of Common Collateral Agent in a sentence

• The Administrative Agent and Collateral Agent hereby agree to provide such direction and the Secured Parties agree that the Common Collateral Agent shall in all cases be entitled to rely on any such direction.

• The Collateral Agent hereby irrevocably appoints and authorizes the Common Collateral Agent to act as its sub-agent in its capacity as the “Collateral Agent” (including for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Secured Obligations, together with such powers and discretion as are reasonably incidental thereto).

• The Administrative Agent and Collateral Agent hereby agree to provide such directions as are necessary or desirable to effectuate the foregoing agreements, authorizations and directions, and the Secured Parties agree that the ABL Collateral Agent and/or Common Collateral Agent, as applicable, shall in all cases be entitled to rely on any such direction.

• Notwithstanding anything to the contrary herein, for the avoidance of doubt, JPMorgan Chase Bank, N.A. (including any of its Affiliates or branches) (whether in its capacity as Collateral Agent or in any other capacity) shall not be liable to any Secured Party for (i) any security interests (including any related obligations) granted to the Common Collateral Agent or (ii) any actions taken or omitted by the Common Collateral Agent.

• For the avoidance of doubt, such security interests will be held by the Common Collateral Agent upon the terms of the Intercreditor Agreements and the Security Documents.

More Definitions of Common Collateral Agent

Common Collateral Agent means a bank or trust company authorized to exercise corporate trust powers that has been appointed by the Company, and has agreed, to act as collateral agent for the equal and ratable benefit of both the holders of obligations secured by the Second-Priority Liens Securing Note Obligations and the holders of all other obligations secured by Liens Securing Secondary Collateral Obligations, in its capacity as such collateral agent.

Common Collateral Agent means, in relation to the German Security Documents, the Credit Agreement Agent solely in its capacity as collateral agent under the German Security Documents and any successor thereto appointed in accordance herewith.

Common Collateral Agent has the meaning set forth in the preamble of this Indenture and any successor thereto under the Collateral Documents.

Common Collateral Agent means, in relation to the German Security Documents, Citibank, N.A., solely in its capacity as common collateral agent under the German Security Documents and any successor thereto appointed in accordance herewith.

Common Collateral Agent means the Loan Agent, on behalf of each of the Creditor Classes; provided, that at such time as the Credit -------- Agreement shall no longer be in effect, Common Collateral Agent shall mean, for so long as the 1996 Master Lease is in effect, the 1996 Lease Agent.

Common Collateral Agent means the Loan Agent, provided, that at such time as the Credit Agreement shall no longer be in effect, Common Collateral Agent shall mean the Lease Agent.

Common Collateral Agent as defined in the preamble hereto.