First Priority Trustee definition

First Priority Trustee means the trustee under the First Priority Indenture.
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First Priority Trustee shall have the meaning provided in the recitals to this Agreement.
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First Priority Trustee means the U.S. Bank National Association, as trustee under the First Priority Indenture.
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Examples of First Priority Trustee in a sentence

  • Every right and remedy given by this Article V or by law to the First Priority Trustee or to the First Priority Holders may be exercised from time to time, and as often as may be deemed expedient, by the First Priority Indenture Trustee or by the First Priority Holders, as the case may be.

  • No delay or omission by the First Priority Trustee or by any First Priority Holder of any First Priority Security to exercise any right or remedy arising upon any Event of Default shall impair the exercise of any such right or remedy or constitute a waiver of any such Event of Default.

  • Ganey Title: Seniox Xxxx Xxxxxxxxt UNITED STATES TRUST COMPANY OF NEW YORK, not in its individual capacity but solely as First Priority Trustee, by /s/ Gerard F.

  • If the aggregate principal amount of First Priority Notes tendered pursuant to an Event of Loss Offer exceeds the Excess Loss Proceeds, the First Priority Trustee shall select the First Priority Notes to be purchased on a pro rata basis based on the principal amount of First Priority Notes tendered.

  • Thus, each Certificate other than the Class R, Class A-IO, Class B-IO, Strip Amount and Class P Certificates shall be treated as representing ownership of not only REMIC V Regular Interests, but also ownership of an interest in an interest rate cap contract.

  • The First Priority Collateral Agent and the First Priority Trustee shall not be deemed to owe any fiduciary duty to the Second Priority Collateral Agent or any other Second Priority Secured Party, and the Second Priority Collateral Agent and the Second Priority Trustee shall not be deemed to owe any fiduciary duty to the First Priority Collateral Agent or any other First Priority Secured Party.

  • The Administrative Agent and the Borrower shall give prompt written notice to the First Priority Trustee at its address for notices in the Security Agreement of any proposed amendment or waiver to this Agreement or the Notes pursuant to this Section 11.08.

  • Nothing in this Agreement or in the other Loan Documents, expressed or implied, is intended to confer upon any party other than the parties hereto and thereto any rights, remedies, obligations or liabilities under or by reason of this Agreement or the other Loan Documents except that the holders of First Priority Notes and the First Priority Trustee are expressly made third party beneficiaries of any provision herein which provides rights in favor of such parties.

  • In furtherance of the foregoing, the First Priority Trustee, the First Priority Administrative Agent, the Second Priority Trustee and each other Authorized Representative, in each case, on behalf of itself in its capacity as an Authorized Representative of a Class of Secured Obligations and on behalf of the holders of such Class of Secured Obligations, hereby agrees to be bound by the provisions of Annex 1 to this Security Agreement.

  • In case an Event of Default specified in Section 7.01(7) or (8) with respect to the Borrower occurs, such principal, premium, if any, and interest with respect to all of the Loans and the First Priority Notes shall be due and payable immediately without any declaration or other act on the part of the Administrative Agent, the First Priority Trustee or the holders of the Loans or First Priority Notes.


More Definitions of First Priority Trustee

First Priority Trustee means United States Trust Company of New York, as trustee under the First Priority Indenture.
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First Priority Trustee means The Bank of New York Trust Company, NA, in its capacity as trustee under the First Priority Indenture, together with its successors and assigns in such capacity.
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First Priority Trustee means United States Trust Company of New York, not in its individual capacity but solely as trustee under the First Priority Indenture, and any successor trustee appointed thereunder.
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First Priority Trustee has the meaning set forth in the preamble hereto.
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First Priority Trustee. “Second Priority Secured Parties”, “Second Priority Trustee”, “Required Secured Parties”, or any similar terms shall, unless the context clearly otherwise indicates, apply to the Collateral Agent in its individual capacity. The Collateral Agent and its affiliates may accept deposits from, lend money to, and generally engage in any kind of banking, investment banking, trust or other business with any Grantor or any Affiliate or Subsidiary of any Grantor as if it were not performing the duties specified herein or in the other Secured Debt Documents, and may accept fees and other consideration from the Grantors for services in connection with the First Priority Indenture, the First Priority Term Loan Facility, the Second Priority Indenture and the other Secured Debt Documents and otherwise without having to account for the same to the Secured Parties.
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Related to First Priority Trustee

  • Security Trustee shall have the meaning ascribed thereto in the preamble;

  • Security Trust Deed means the Security Trust Deed executed by, inter alia, the Borrower, the Guarantor, the Collateral Agent, the Facility Agent, the Original Secured Creditors (as defined therein) and the Delegate Collateral Agent and shall be substantially in the form of Exhibit P or otherwise reasonably acceptable to the Facility Agent.

  • Security Trust Agreement means that certain security trust agreement dated on or about the Merger Closing Date made between the Security Trustee and the Lenders and relating to the appointment of the Security Trustee as trustee of the Security.

  • Mortgage Security Trust Fund As to any Mortgage Security, the trust fund in which such Mortgage Security evidences a fractional undivided interest. New York Presenting Agent: State Street Bank and Trust Company, N.A., with its offices at 00 Xxxxxxxx, Xxx Xxxx, Xxx Xxxx or such other office within the Borough of Manhattan, City of New York, State of New York, as Xxxxxx Mae may appoint by notice to the Trustee.

  • First Priority Secured Parties means, with respect to each Type of Common Collateral, the First Priority Representative and the holders of the First Priority Obligations.

  • Collateral Trustee has the meaning set forth in the preamble.

  • charity trustee means a charity trustee of the CIO.

  • Second Priority Secured Parties means the Second Priority Representative, the Second Priority Creditors and any other holders of the Second Priority Obligations.

  • First Priority Lien means any Lien created by the First Priority Security Documents.

  • Secured Parties means, collectively, the Administrative Agent, the Collateral Agent, the Lenders, the Hedge Banks, the Cash Management Banks, the Supplemental Administrative Agent and each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.01(c).

  • Majority Trustee Vote means the vote of a majority of the Trustees;

  • Priority Lien Secured Parties means the holders of Priority Lien Obligations and any Priority Debt Representatives.

  • Intercreditor Agent has the meaning given to such term in the Intercreditor Agreement.

  • Secured Creditors shall have the meaning assigned that term in the respective Security Documents.

  • First Priority Liens means all Liens that secure the First Priority Lien Obligations.

  • Collateral Agent as defined in the preamble hereto.

  • Advance Facility Trustee As defined in Section 3.22.

  • Second Priority Lien means the Liens on the Second Priority Collateral in favor of Second Priority Debt Parties under Second Priority Collateral Documents.

  • First Priority Security Documents means each agreement or document granting or purporting to xxxxx x Xxxx on any Common Collateral to secure First Priority Obligations.

  • First Priority Lien Obligations means (i) all Secured Bank Indebtedness, (ii) all other Obligations (not constituting Indebtedness) of the Issuer and its Restricted Subsidiaries under the agreements governing Secured Bank Indebtedness and (iii) all other Obligations of the Issuer or any of its Restricted Subsidiaries in respect of Hedging Obligations or Obligations in respect of cash management services in each case owing to a Person that is a holder of Indebtedness described in clause (i) or Obligations described in clause (ii) or an Affiliate or Representative of such holder at the time of entry into such Hedging Obligations;

  • First Priority Documents means the First Priority Agreement, each First Priority Security Document and each First Priority Guarantee.

  • First Lien Agent has the meaning given to such term in the Intercreditor Agreement.

  • Second Lien Agent has the meaning set forth in the Intercreditor Agreement.

  • Second Priority Liens means all Liens on the Second Lien Collateral to secure the Second Lien Obligations, whether created under the Second Lien Security Documents or acquired by possession, statute, operation of law, subrogation or otherwise.

  • First Priority means, with respect to any Lien purported to be created in any Collateral pursuant to any Collateral Document, that such Lien is the only Lien to which such Collateral is subject, other than any Permitted Lien.

  • DIP Agent means the administrative agent for the DIP Lenders as defined in the DIP Credit Agreement.