Existing Collateral Agent definition

Existing Collateral Agent has the meaning specified in the recitals to this Agreement.

Existing Collateral Agent means U.S. Bank National Association, in its capacity as trustee and collateral agent under the Existing Senior Secured Notes Indenture, and its permitted successors.

Existing Collateral Agent has the meaning assigned to such term in the introductory paragraph hereof, and shall include any successor Collateral Agent pursuant to the Indenture and the Security Agreement.

Examples of Existing Collateral Agent in a sentence

• The Obligors acknowledge that the Existing Agreement and the documents entered into in connection therewith granted a security interest in favor of the Existing Collateral Agent which secured the Obligations under this Agreement.

• Each Credit Party hereby consents to all actions taken or to be taken by the Existing Collateral Agent and the New Collateral Agent pursuant to the immediately preceding sentence.

• The Existing Collateral Agent hereby ASSIGNS, TRANSFERS, and CONVEYS to the New Collateral Agent for the Secured Parties’ benefit, and the New Collateral Agent hereby accepts such assignment, transfer, and conveyance from the Existing Collateral Agent of, all rights and obligations under the Parallel Debts (as defined in the Intercreditor Agreement).

• Each of the parties hereto agrees and acknowledges that the terms hereof shall, to the extent that the security interests assigned hereby are perfected, constitute an assignment of a perfected security interest, with respect to the First Lien Collateral, from the Existing Collateral Agent to the New Collateral Agent for purposes of Section 9-310(c) of the Uniform Commercial Code (or any equivalent) of the applicable jurisdiction.

• Notwithstanding any term herein to the contrary, it is hereby expressly agreed and acknowledged that the agreements set forth herein by the Existing Collateral Agent are made solely in its capacity as Trustee and as Collateral Agent under the Indenture and as Collateral Agent under the Security Agreement pursuant to the provisions of the Indenture and the direction of the Grantors and the holders of the Notes (as defined in the Indenture) therein contained, and not in its individual capacity.

More Definitions of Existing Collateral Agent

Existing Collateral Agent means the Collateral Agent and the Custodian, as defined in the Existing LC Facility.

Existing Collateral Agent means Bank of America, N.A., in its capacity as collateral agent under the Existing Credit Agreement, and its successors and assigns.

Existing Collateral Agent is defined in the preamble.

Existing Collateral Agent means TPG Specialty Lending, Inc., in its capacity as collateral agent to the Existing Agents and the Existing Lenders.

Existing Collateral Agent means Wilmington Trust, National Association, in its capacity as collateral agent pursuant to the Existing Credit Agreement.

Existing Collateral Agent shall have the meaning ascribed to such term in the preamble hereto.

Existing Collateral Agent means the Collateral Agent and the Custodian, as defined in the Existing LC Facility. “Existing LC Facility” means that certain Four-Year Secured Letter of Credit Facility Agreement dated as of March 9, 2012 among the Company, Validus Re, Validus Re Americas, Ltd., the other Designated Subsidiary Account Parties identified therein, the lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, as amended, restated, supplemented or otherwise modified prior to the Effective Date. “Existing LC Issuer” means JPMorgan Chase Bank, N.A. “Existing Lender” means a “Lender” under and as defined in the Existing LC Facility. “Existing Secured Fronted Letters of Credit” has the meaning provided in Section 2.17. “Existing Secured Several Letters of Credit” has the meaning provided in Section 2.18. “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreement entered into pursuant to Section 1471(b)(1) of the Code. “Federal Funds Effective Rate” means, for any day, the rate calculated by the FRBNY based on such day’s federal funds transactions by depository institutions (as determined in such manner as the FRBNY shall set forth on its public website from time to time) and published on the next succeeding Business Day by the FRBNY as the federal funds effective rate. “Financial Officer” means the chief financial officer, principal accounting officer, treasurer or controller of the Company. “Five-Year Unsecured Revolving Credit and Letter of Credit Facility” means the $85,000,000 unsecured revolving credit and letter of credit facility among the Company, Validus Re, various Designated Subsidiary Account Parties, JPMorgan Chase Bank, N.A., as administrative agent, and one or more lenders entered into on December 9, 2015, including the related collateral and security documents and other instruments and agreements executed in connection therewith, and amendments, renewals, replacements, refinancings and restatements to any of the foregoing (provided that the principal amount thereof shall not exceed $85,000,000 or, if increased in accordance with its terms, $150,000,000, plus reasonable refinancing costs, fees and expenses). “Foreign Currencies” means Agreed Currencies other than Dollars. “Foreign Currency Letter of Credit” means...