Junior Administrative Agent definition

Junior Administrative Agent means (a) in respect of the Term Loan First Lien Collateral, the ABL Administrative Agent, and (b) in respect of the ABL First Lien Collateral, the Term Loan Administrative Agent.
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Junior Administrative Agent means the Junior Administrative Agent referred to in the preamble to this Agreement and also includes, for all purposes, any successors thereof or assigns thereto as permitted by the CNAI Junior Lien Credit Agreement and any other Person who hereafter is the administrative agent, or who holds an analogous position in respect of any Junior Secured Obligations, however titled or held, under any Junior Credit Agreement and who is designated as the "Junior Administrative Agent" for purposes of this Agreement in any such future Junior Credit Agreement.
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Junior Administrative Agent means Chase solely in its capacity as administrative agent for the Junior Lenders under the Junior Credit Agreement and the other Junior Loan Documents to which Chase (and its successors and permitted assigns) is a party in its capacity as administrative agent for the Junior Lenders.
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Examples of Junior Administrative Agent in a sentence

  • The Collateral Agent will give prompt notice to the Senior Administrative Agent and the Junior Administrative Agent of any such joinder in respect of any such new or additional Senior Credit Debt hereunder constituting First Tier Indebtedness hereunder.

  • Neither the Collateral Agent, the Senior Administrative Agent nor any of the Senior Creditors shall have any liability or duty, of any kind, nature or origin, to the Junior Administrative Agent or any Junior Creditor, express or implied, except as set forth in this Agreement.

  • It is understood and agreed, however, that this Agreement shall in no way limit or affect the rights of the Junior Creditors or the Junior Administrative Agent with respect to an exercise of rights and remedies against Satellite and its Subsidiaries or with respect to collateral pledged by Satellite and its Subsidiaries to secure the loans and obligations owing under the Junior Credit Agreement.

  • Following the payment in full of the Senior Secured Obligations, at such time and to the extent required by the Junior Credit Agreement, all proceeds of Collateral received by the Agents shall be applied by the Junior Administrative Agent in payment of the Junior Secured Obligations in accordance with the order of application set forth in of the Junior Credit Agreement.

  • Following the payment in full of the Senior Secured Obligations, at such time and to the extent required by Section 2.9 (Payments and Computations) of the Junior Credit Agreement, all proceeds of Collateral received by the Agents shall be applied by the Junior Administrative Agent in payment of the Junior Secured Obligations in accordance with the order of application set forth in Section 2.9(f) of the Junior Credit Agreement.

  • Form and Substance Satisfactory to Junior Administrative Agent This Agreement may be executed in one or more counterparts, each of which shall be an original and all of which shall together constitute one and the same document.

  • By its execution hereof, the Junior Administrative Agent confirms that this Agreement is in form and substance satisfactory to the Junior Administrative Agent and is executed by such agent in accordance with Section 5.10 of the CNAI Junior Lien Credit Agreement.

  • Xxxxxxx Title: Vice President CITICORP USA, INC., as Senior Administrative Agent and Junior Administrative Agent By: /s/ Dxxx X.

  • The Pledgor, the Junior Administrative Agent and the Junior Creditors each hereby waives any right to require marshalling of assets by the Collateral Agent, the Senior Administrative Agent or the Senior Creditors and any similar rights.

  • It is understood and agreed, however, that this Agreement shall in no way limit or affect the rights of the Junior Creditors or the Junior Administrative Agent with respect to an exercise of rights and remedies against SpaceCom and its Subsidiaries or with respect to collateral pledged by SpaceCom and its Subsidiaries to secure the loans and obligations owing under the Junior Credit Agreement.


More Definitions of Junior Administrative Agent

Junior Administrative Agent shall include, in addition to the Junior Administrative Agent referred to in the recitals hereto, any successors of and assigns to the Junior Administrative Agent permitted pursuant to Section 7.6 of the Junior Credit Agreement.
Sample 1
Junior Administrative Agent means Nuveen EIC Administration LLC, a Delaware limited liability company, and its successors and assigns, as administrative agent for the Junior Lenders under the Junior Credit Agreement. “Junior Credit Agreement” means the Second Lien Credit Agreement dated as of June 28, 2024, among the Borrower, the other Loan Parties party thereto, the Junior Lenders and the Junior Administrative Agent, as amended, supplemented, restated, or otherwise modified from time to time in compliance with the Intercreditor Agreement. “Junior Lenders” means the lenders party from time to time as lenders to the Junior Credit Agreement. “Junior Loan Documents” means the Junior Credit Agreement and the other “Loan Documents” as defined in the Junior Credit Agreement. (c) Section 6.02 of the Credit Agreement is hereby amended to delete the word “and” at the end of clause (d), to replace the period at the end of clause (e) with “; and” and to insert immediately after clause (e) the following new clause (f): (f) to the extent not otherwise required to be delivered to the Administrative Agent and the Lenders, copies of all notices, reports, certificates, or other written information provided by the Loan Parties to the Junior Lenders or the Junior Administrative Agent pursuant to the Junior Loan Documents. (d) Section 6.10 of the Credit Agreement is hereby amended to add the following paragraphs (c) and (d) immediately after paragraph (b) of Section 6.10: (c) The Borrower agrees that it will not, and will not permit any Guarantor to, xxxxx x Xxxx on any Property to secure any Indebtedness under the Junior Credit Agreement without contemporaneously granting to the Administrative Agent, as security for the Obligations, a first priority, perfected Lien on the same Property pursuant to Collateral Documents in form and substance reasonably satisfactory to the Administrative Agent. (d) The Borrower will cause any Subsidiary guaranteeing any Indebtedness under the Junior Credit Agreement that is not guaranteeing the Obligations to contemporaneously become a Guarantor hereunder by executing and delivering a Xxxxxxx
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Related to Junior Administrative Agent

  • Canadian Administrative Agent means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as Canadian administrative agent for the Lenders hereunder.

  • Administrative Agent as defined in the preamble hereto.

  • Supplemental Administrative Agent has the meaning specified in Section 9.13(a) and “Supplemental Administrative Agents” shall have the corresponding meaning.

  • Administrative Agent’s Account means, for each Currency, an account in respect of such Currency designated by the Administrative Agent in a notice to the Borrower and the Lenders.

  • Administrative Agent’s Office means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.02, or such other address or account as the Administrative Agent may from time to time notify to the Borrower and the Lenders.

  • Facility Agent has the meaning set forth in the Preamble.

  • Administrative Agents the collective reference to the General Administrative Agent and the Canadian Administrative Agent.