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.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

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.

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.

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.
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.
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.
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.
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.
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.
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.
The Company, 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 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.

More Definitions of Junior Administrative Agent

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.

Junior Administrative Agent is defined in the recitals hereto. AMERICAS 131302117

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. “Landlord Waiver” means a landlord or warehouse waiver substantially in the form of Exhibit O. “Laws” means, collectively, all international, foreign, federal, state and local statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of law. “L/C Advance” means, with respect to each Revolving Lender, such Revolving Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Revolving Percentage. All L/C Advances shall be denominated in Dollars. “L/C Borrowing” means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Borrowing. All L/C Borrowings shall be denominated in Dollars. “L/C Commitment” means, with respect to each L/C Issuer, the commitment of such L/C Issuer to issue Letters of Credit hereunder. The initial amount of each L/C Issuer’s Letter of Credit Commitment is set forth on Schedule 2.03, or if an L/C Issuer has entered into an Assignment and Assumption or has otherwise assumed a Letter of Credit Commitment after the Closing Date, the amount set forth for such L/C Issuer as its Letter of Credit Commitment in the Register maintained by the Administrative Agent. The