First Priority Trustee definition

First Priority Trustee means the trustee under the First Priority Indenture.
Sample 1Sample 2Sample 3
First Priority Trustee means the U.S. Bank National Association, as trustee under the First Priority Indenture.
Sample 1
First Priority Trustee has the meaning set forth in the recitals to this Agreement.
Sample 1

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.

  • Copies of each such document or instrument shall be delivered to each of the Company, the First Priority Trustee, the First Priority Administrative Agent and the Second Priority Trustee.

  • Additionally, the First Priority Administrative Agent and the First Priority Trustee shall provide notice to one another of any action proposed to be taken by such Person that the First Priority Administrative Agent and the Trustee are required to act together in taking pursuant to the terms of the First Priority Term Loan Facility and the First Priority Indenture.

  • The Majority First Priority Secured Parties may direct the time, method and place of conducting any proceeding for any remedy available to the Administrative Agent and the First Priority Trustee, or, subject to the terms of the Intercreditor Agreement, the Collateral Agent or exercising any trust or power conferred on the Administrative Agent by this Agreement or the Security Documents or the First Priority Trustee by the First Priority Indenture or the Security Documents.

  • First Priority Trustee and Second Priority Trustee each hereby appoints Collateral Agent as its contractual representative solely for purposes of perfecting the Liens on the Collateral securing the Secured Obligations which is of a type such that perfection of a Lien thereon may be accomplished only by possession thereof by such Secured Parties.

  • Each of First Priority Trustee (on its behalf and on behalf of the Holders of First Priority Notes), and Second Priority Trustee (on its behalf and on behalf of the Holders of Second Priority Notes) hereby irrevocably waives any defense based on the adequacy of a remedy at law that might be asserted as a bar to such remedy of specific performance.

  • Each party hereto hereby acknowledges and agrees that each of the First Priority Collateral Agent, the Second Priority Collateral Agent, the First Priority Trustee and the Second Priority Trustee is entering into this Agreement solely in its capacity as such under the First Priority Documents and the Second Priority Documents, as the case may be, and not in its individual capacity.

  • The Representative shall agree to cooperate in any such enforcement action brought by the First Priority Trustee with respect to the Collateral.

  • 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.


More Definitions of First Priority Trustee

First Priority Trustee has the meaning set forth in the preamble hereto.
Sample 1
First Priority Trustee means United States Trust Company of New York, as trustee under the First Priority Indenture.
Sample 1
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.
Sample 1
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.
Sample 1
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.
Sample 1

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.

  • First Priority Secured Parties means the First Priority Representative, the First Priority Creditors and any other 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 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 of such holder at the time of entry into such Hedging Obligations or Obligations in respect of cash management services.

  • 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 means the administrative agent under the Second Lien Credit 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.

  • First Lien Secured Parties means (i) the Credit Agreement Secured Parties and (ii) the Additional First-Lien Secured Parties with respect to each Series of Additional First-Lien Obligations.

  • Secured Creditor means the Trustee, the Margin Loan Provider and the holders of the ETP Securities.