New Agent definition

New Agent has the meaning assigned to that term in Section 5.5.

New Agent means an agent who has not completed one full year of sales and service.

New Agent shall have the meaning set forth in Section 5.6.

Examples of New Agent in a sentence

• The New Agent shall agree in a writing addressed to the Second Lien Collateral Agent and the Second Lien Claimholders to be bound by the terms of this Agreement.

• Reference is made to [describe new Indebtedness] with respect to which the New Agent is acting as [trustee/collateral agent/authorized representative].

• The New Agent shall agree in a writing addressed to the other Collateral Agents for the benefit of the Revolving Credit Claimholders or the Fixed Asset Claimholders, as the case may be, to be bound by the terms of this Agreement.

• The New Agent hereby (a) agrees to be bound by the terms of the Intercreditor Agreement as an Other Second-Priority Lien Obligations Agent as if it were an Other Second-Priority Lien Obligations Agent as of the date of the Intercreditor Agreement and (b) represents that it is acting in the capacity of Other Second-Priority Lien Obligations Agent solely for the Secured Parties under [ ].

• The Brand New Agent plan is a 75%-25% split with 25% going to VRG.

More Definitions of New Agent

New Agent means a village, city or county that has applied for and has been granted agent status for the first time, or a village, city or county that has reapplied for and has been granted agent status after termination of the original agent agreement.

New Agent has the meaning set forth in Section 5.7 hereof.

New Agent means an agent that has entered into its first contract with the department or an agent that has applied to re-enter into a contract with the department after termination of a previous contract.

New Agent means the entity approved as administrative agent under the New Secured Debt Documents.

New Agent means Madison Pacific Trust Limited as agent of the New Finance Parties as defined in the New Senior Secured Facility.

New Agent is defined in section 4.4.

New Agent means a person licensed by the State to sell and service eligible crop insurance contracts who has not completed one full year of sales and service.