Controlling Fixed Asset Collateral Agent definition
Controlling Fixed Asset Collateral Agent shall have the meaning provided in the Intercreditor Agreement.
Controlling Fixed Asset Collateral Agent means (a) until the Discharge of Initial Fixed Asset Obligations has occurred, the Initial Fixed Asset Collateral Agent and (b) from and after the Discharge of Initial Fixed Asset Obligations has occurred, the Controlling Additional Fixed Asset Collateral Agent.
Controlling Fixed Asset Collateral Agent means (i) at any time there is only one Series of Fixed Asset Obligations, the Fixed Asset Collateral Agent for such Series, (ii) at any time there is only one Series of Pari First Lien Fixed Asset Obligations, the Fixed Asset Collateral Agent for such Series, (iii) at any time there is more than one Series of Pari First Lien Fixed Asset Obligations, the “Applicable Authorized Representative” (or any similar term) (as defined in the “Pari Passu Intercreditor Agreement” (as defined in the Initial Fixed Asset Facility Agreement or any equivalent agreement as defined in any Fixed Asset Document governing Pari First Lien Fixed Asset Obligations)), (iv) at any time when the Fixed Asset Obligations consist solely of two or more Series of Pari Second Lien Fixed Asset Obligations, the Controlling Pari Second Lien Fixed Asset Collateral Agent.
Examples of Controlling Fixed Asset Collateral Agent in a sentence
Upon the Discharge of Revolving Credit Obligations, the Revolving Credit Collateral Agent shall deliver to the Controlling Fixed Asset Collateral Agent any Collateral and Proceeds of Collateral held by it as a result of the exercise of remedies in the same form as received, with any necessary endorsements or as a court of competent jurisdiction may otherwise direct to be applied by the Controlling Fixed Asset Collateral Agent to the Fixed Asset Obligations in such order as specified in Section 4.1(b).
More Definitions of Controlling Fixed Asset Collateral Agent
Controlling Fixed Asset Collateral Agent means, (i) for so long as there is only one Series of Fixed Asset Obligations, the collateral agent for such Series, (ii) at any time when there is more than one Series of Fixed Asset Obligations, the “Controlling Collateral Agent”, as such term is defined in the Pari Passu Intercreditor Agreement.
Controlling Fixed Asset Collateral Agent means (i) at any time there is only one Fixed Asset Collateral Agent, such Fixed Asset Collateral Agent and (ii) at any time there is more than one Fixed Asset Collateral Agent, the “Controlling Collateral Agent” (or similar term) as defined in the First Lien Intercreditor Agreement.
Controlling Fixed Asset Collateral Agent shall have the meaning given such term in the Intercreditor Agreement. “Credit Agreement” shall have the meaning set forth in the recitals hereto. “Credit Document Obligations” shall have the meaning set forth in Section 1(i) hereof. “Discharge of Fixed Asset Obligations” shall have the meaning given such term in the Intercreditor Agreement. “Domestic Corporation” shall have the meaning set forth in the definition of “Stock”. “Event of Default” shall mean any Event of Default under, and as defined in, the Credit Agreement. “Financial Asset” shall have the meaning given such term in Section 8-102(a)(9) of the UCC. “Fixed Asset Collateral Agent” shall have the meaning given such term in the Intercreditor Agreement. “Fixed Asset Document” shall have the meaning given such term in the Intercreditor Agreement. NEWYORK 9251668 (2K)