Designated Term Loan Agent definition

Designated Term Loan Agent as defined in the ABL Intercreditor Agreement.
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Designated Term Loan Agent means the Senior Lien Term Loan Agent, or if the Senior Lien Pari Passu Intercreditor Agreement is then in effect, the “Applicable Authorized Representative” as defined therein; provided that if there are no Senior Lien Term Loan Claims outstanding, the Junior Lien Term Loan Agent shall be the Designated Term Loan Agent, or if the Junior Lien Pari Passu Intercreditor Agreement is then in effect, the “Applicable Authorized Representative” as defined therein.
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Designated Term Loan Agent means the Initial Term Loan Agent, or if any Senior Lien Pari Passu Intercreditor Agreement is then in effect, the “Applicable Authorized Representative” as defined therein; provided that if there are no Initial Term Loan Obligations or Senior Lien Term Loan Debt outstanding, the following Term Loan Agent shall be the Designated Term Loan Agent (a) if there is only one Term Loan Agent representing holders of Junior Lien Term Loan Debt, such Term Loan Agent, and (b) if there is more than one Term Loan Agent representing holders of Junior Lien Term Loan Debt, the Term Loan Agent representing the holders of the class of Junior Lien Term Loan Debt that constitutes the largest outstanding principal amount of any then outstanding Junior Lien Term Loan Debt (or such other Term Loan Agent as is consented to in writing by all Term Loan Agents).
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Examples of Designated Term Loan Agent in a sentence

  • The Designated Term Loan Agent is hereby authorized to make any such endorsements as agent for the ABL Agent or any such ABL Lender.

  • Unless and until the Discharge of Term Loan Claims has occurred, all proceeds of any such policy and any such award in respect of the Term Loan Priority Collateral shall be paid in accordance with the terms of Section 4.3. If the ABL Agent or any ABL Lender 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 Designated Term Loan Agent in accordance with the terms of Section 4.4.

  • The ABL Agent, on behalf of the ABL Lenders represented by it, agrees not to Exercise Any Secured Creditor Remedies until an ABL Enforcement Notice has been given to the Designated Term Loan Agent.

  • The Administrative Agent, on behalf of all Secured Parties, agrees that any action taken by Designated Term Loan Agent in accordance with the provisions of the ABL/Term Intercreditor Agreement, and the exercise by Designated Term Loan Agent of any of the powers set forth therein, together with such other powers as are reasonably incidental thereto, is fully authorized by, and shall be completely binding upon, the Administrative Agent and all other Secured Parties.

  • As provided in Section 9.3 hereof, the new ABL Agent shall agree in a writing addressed to the Designated Term Loan Agent and the Term Loan Lenders to be bound by the terms of this Agreement.

  • The Designated Term Loan Agent is hereby authorized to make any such endorsements as agent for each ABL Agent or any such ABL Lender.

  • The Designated Term Loan Agent shall give written notice of such amendment, waiver or consent to the ABL Agent; provided that the failure to give such notice shall not affect the effectiveness of such amendment, waiver or consent with respect to the provisions of any ABL Collateral Document as set forth in this Section 5.3(e).

  • Given this background, the Staff is recommending that both the level of the rate caps and the structure of rates be revised.

  • The union bargains with the league on behalf of every player from every team.

  • The ABL Agent has no obligation to follow instructions from the Designated Term Loan Agent in contravention of this Agreement.


More Definitions of Designated Term Loan Agent

Designated Term Loan Agent means (i) if at any time there is only one Term Loan Agent party hereto, such Term Loan Agent or (ii) at any time when clause (i) does not apply, the Term Loan Agent designated as such pursuant to the Term Loan Pari Passu Intercreditor Agreement.
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Designated Term Loan Agent has the meaning ascribed to that term (or such corresponding term) as defined in the ABL/Term Loan Intercreditor Agreement.
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Designated Term Loan Agent means (x) the Initial Term Loan Agent, or (y) if the Term Loan Intercreditor Agreement is then in effect, the “Applicable Collateral Agent” as defined therein (or such similar designation).
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Designated Term Loan Agent means the Initial Term Loan Agent, or if any Senior Lien Pari Passu Intercreditor Agreement is then in effect, the “Applicable Authorized Representative” as
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Related to Designated Term Loan Agent

  • Required Term Loan Lenders means, at any date, Non-Defaulting Lenders having or holding a majority of the sum of (i) the Adjusted Total Term Loan Commitment at such date and (ii) the aggregate outstanding principal amount of the Term Loans (excluding Term Loans held by Defaulting Lenders) at such date.

  • Requisite Term Loan Lenders shall in no event mean less than two Term Loan Lenders.

  • New Term Loan Lender shall have the meaning provided in Section 2.14(c).

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

  • Required Term Lenders means, as of any date of determination, Term Lenders holding more than 50% of the Term Facility on such date; provided that the portion of the Term Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term Lenders.

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Required Term A Lenders means, as of any date of determination, Term A Lenders holding more than 50% of the Term A Facility on such date; provided that the portion of the Term A Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term A Lenders.

  • Term Loan Agent means “Term Loan Agent” as defined in the Intercreditor Agreement.

  • Tranche B Term Lender means a Lender with a Tranche B Term Commitment or an outstanding Tranche B Term Loan.

  • New Term Lender a Lender that has a New Term Loan.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Tranche A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

  • Incremental Term Loan Lender shall have the meaning provided in Section 2.15(b).

  • Second Lien Term Loans means the “Term Loans” under and as defined in the Second Lien Credit Agreement.

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Tranche B Term Loan as defined in Section 2.1.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • First Lien Term Loans means the “Term Loans” as defined in the First Lien Credit Agreement.

  • New Term Loans as defined in Section 2.24.

  • New Term Facility has the meaning specified in Section 2.14(a).

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).