Directing Second Lien Collateral Agent definition

Directing Second Lien Collateral Agent means (a) the Second Lien Credit Agreement Collateral Agent unless (and until) the Discharge of Second Lien Obligations has occurred solely with respect to the Second Lien Obligations under the Second Lien Credit Agreement and the Second Lien Financing Documents relating thereto and (b) thereafter, the Second Lien Collateral Agent designated in writing by the Required Second Lien Claimholders from time to time to act as Directing Second Lien Collateral Agent hereunder. For purposes of this definition, no Discharge of Second Lien Obligations with respect to the Second Lien Obligations under the Second Lien Credit Agreement and the Second Lien Financing Documents relating thereto shall be deemed to have occurred if any Borrower or any other Second Lien Obligor enters into any Refinancing of the Second Lien Credit Agreement, and, in the case of any such Refinancing, the Second Lien Credit Agreement Collateral Agent under such Second Lien Credit Agreement shall continue as the Directing Second Lien Collateral Agent for all purposes hereof.
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Directing Second Lien Collateral Agent means, at any time of determination (a) if there is only one Series of Second Lien Obligations with respect to which the Discharge of such Second Lien Obligations has not occurred, the Second Lien Collateral Agent for such Series and (b) if clause (a) does not apply, the Second Lien Collateral Agent designated as the “Controlling Collateral Agent” (or any similar term) pursuant to the applicable intercreditor arrangements among the Series of Second Lien Obligations at such time.
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Directing Second Lien Collateral Agent means (a) the Initial Second Lien Document Collateral Agent unless (and until) the Initial Second Lien Document Collateral Agent enters into a Second Lien Intercreditor Agreement (as such term is defined in the Initial Second Lien Document) and (b) thereafter, the Applicable Lien Collateral Agent, as such term is defined in the Second Lien Intercreditor Agreement. Each First Lien Collateral Agent shall be entitled to treat the Initial Second Lien Document Collateral Agent as the Directing Second Lien Collateral Agent for all purposes hereof until it receives a notice from the Initial Second Lien Document Collateral Agent that another Second Lien Collateral Agent became the Directing Second Lien Collateral Agent.
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Examples of Directing Second Lien Collateral Agent in a sentence

  • Each of the Directing First Lien Collateral Agent and the Directing Second Lien Collateral Agent shall execute and deliver an amendment or other modification of this Agreement at the other’s request to permit new creditors to become a party hereto as set forth in the proviso to the immediately preceding sentence.

  • Following the Discharge of First Lien Obligations, each First Lien Collateral Agent further agrees to take, at the expense of the Obligors (which expense reimbursement shall be subject to the provisions of the applicable First Lien Document), all other actions reasonably requested by the Directing Second Lien Collateral Agent in connection with the Directing Second Lien Collateral Agent obtaining a first-priority interest in the Pledged Collateral.

  • Notwithstanding the provisions of any other First Lien Document or Second Lien Document, the Directing First Lien Collateral Agent and the Directing Second Lien Collateral Agent may, with the consent of the Top Borrower, make any amendments, restatements, amendment and restatements, supplements or other modifications to this Agreement to correct any ambiguity, defect or inconsistency contained herein without the consent of any other Person.

  • Notwithstanding the provisions of any other First Lien Document or Second Lien Document, the Directing First Lien Collateral Agent and the Directing Second Lien Collateral Agent may, with the consent of the Borrower, make any amendments, restatements, amendment and restatements, supplements or other modifications to this Agreement to correct any ambiguity, defect or inconsistency contained herein without the consent of any other Person.

  • The Directing Second Lien Collateral Agent is hereby authorized to make any such endorsements as agent for the other Second Lien Collateral Agents or any such Second Lien Claimholders.

  • All notices to the Claimholders permitted or required under this Agreement shall also be sent to the related Representative (and, for this purpose, the Directing First Lien Collateral Agent shall be deemed to be an agent for the First Lien Secured Hedging Obligations and the First Lien Banking Services Obligations, and the Directing Second Lien Collateral Agent shall be deemed to be an agent for the Second Lien Secured Hedging Obligations and the Second Lien Banking Services Obligations).

  • Notwithstanding the provisions of any other First Lien Document or Second Lien Financing Document, the Directing First Lien Collateral Agent and the Directing Second Lien Collateral Agent may, with the consent of the Borrower, make any amendments, restatements, amendment and restatements, supplements or other modifications to this Agreement to correct any ambiguity, defect or inconsistency contained herein without the consent of any other Person.

  • Notwithstanding the provisions of any other First Lien Document or Second Lien Document, the Directing First Lien Collateral Agent and the Directing Second Lien Collateral Agent may, with the consent of the Administrative Borrower, make any amendments, restatements, amendment and restatements, supplements or other modifications to this Agreement to correct any ambiguity, defect or inconsistency contained herein without the consent of any other Person.

  • Each of the Directing First Lien Collateral Agent and the Directing Second Lien Collateral Agent shall execute and deliver a supplemental agreement at the other’s request to permit new creditors to become a party hereto as set forth in the proviso to the immediately preceding sentence.

  • The Directing First Lien Collateral Agent is hereby authorized to make any such endorsements as agent for the Directing Second Lien Collateral Agent or any such Second Lien Claimholders.