Designated Administrative Agent definition
Designated Administrative Agent means, (i) until all Multi-Currency Payment Obligations arising under the Multi-Currency Credit Agreement have been Fully Satisfied (as defined in the Multi-Currency Credit Agreement), the Multi-Currency Administrative Agent and (ii) at any time thereafter, the Administrative Agent.
Designated Administrative Agent means the Administrative Agent and any other Representative of any holder(s) of Designated Senior Debt.
Examples of Designated Administrative Agent in a sentence
So long as there shall remain outstanding any Designated Senior Debt, a Blockage Notice may be given by a holder of Designated Senior Debt or by a Designated Administrative Agent.
In no event, however, shall the Lenders have any rights or claims against any Designated Administrative Agent or any holder of the Designated Senior Debt for any alleged impairment of the subrogation rights granted hereunder.