Non-Controlling Authorized Representative means, at any time with respect to any Shared Collateral, any Authorized Representative that is not the Applicable Authorized Representative at such time with respect to such Shared Collateral.
Non-Controlling Authorized Representative means, at any time with respect to any Common Collateral, any Authorized Representative that is not the Applicable Authorized Representative at such time with respect to such Common Collateral.
Non-Controlling Authorized Representative means any Authorized Representative that is not the Applicable Authorized Representative at such time.
Examples of Non-Controlling Authorized Representative in a sentence
No Non-Controlling Authorized Representative or Non-Controlling Secured Party will contest, protest or object to any foreclosure proceeding or action brought by the Au- thorized Collateral Agent or the Controlling Secured Party or any other exercise by the Author- ized Collateral Agent or the Controlling Secured Party of any rights and remedies relating to the Common Collateral, or to cause the Collateral Agent to do so.
More Definitions of Non-Controlling Authorized Representative
Non-Controlling Authorized Representative means any Authorized Representative that is not the Applicable Authorized Representative.
Non-Controlling Authorized Representative means at any time with respect to any First Lien Shared Collateral, any Authorized Representative that is not the Applicable Authorized Representative at such time with respect to such First Lien Shared Collateral.
Non-Controlling Authorized Representative means any Authorized Representative that is not the Applicable Authorized Representative at such time. “Non-U.S. Person” means a Person who is not a U.S. Person.
Non-Controlling Authorized Representative means each Authorized Representative other than the Applicable Authorized Representative.
Non-Controlling Authorized Representative means, at any time with respect to any Collateral, any Authorized Representative that is not the Applicable Authorized Representative at such time with respect to such Collateral. Notwithstanding the foregoing, from and after the Permitted Reorganization Effective Date and the effectiveness of the Uniti Approved Intercreditor Agreement, the term “Non-Controlling Authorized Representative” shall have the meaning ascribed to such term in the Uniti Approved Intercreditor Agreement.
Non-Controlling Authorized Representative means, at any time with respect to any Common
Non-Controlling Authorized Representative means, at any time with respect to any Shared Collateral, any Authorized Representative that is not the Applicable Authorized Representative at such time with respect to such Shared Collateral. PROHIBITION ON CONTESTING LIENS: Each of the First Lien Secured Parties will not contest, or support any other person in contesting, the priority, validity, enforceability, perfection or protection of a lien on Shared Collateral held by or on behalf of any of the First Lien Secured Parties. TURNOVER OF PROCEEDS: If any First Lien Secured Party obtains possession of any Shared Collateral or realizes any proceeds or payment in respect of any such Shared Collateral other than pursuant to the terms of the First Lien Intercreditor Agreement, at any time prior to the discharge of each of the First Lien Obligations, then it will hold such Shared Collateral, proceeds or payment in trust for the other First Lien Secured Parties and promptly transfer such Shared Collateral, proceeds or payment, as the case may be, to the Controlling Collateral Agent, to be distributed in accordance with the “Priority of Claims” provision above. LIEN AND GUARANTEE RELEASES: If at any time the Controlling Collateral Agent forecloses upon or otherwise exercises remedies against any Shared Collateral in accordance with the terms of the First Lien Intercreditor Agreement resulting in a sale or disposition thereof, then the Liens in favor of any other collateral agent for the benefit of each series of First Lien Secured Parties upon such Shared Collateral will automatically be released and discharged as and when, but only to the extent, such Liens of the Controlling Collateral Agent on such Shared Collateral are released and discharged; provided that any proceeds of any Shared Collateral realized therefrom will be applied in accordance with the “Priority of Claims” provision above. If in connection with any such foreclosure or other exercise of remedies the Controlling Collateral Agent releases any guarantor from its obligations under a guarantee of the First Lien Obligations for which it serves as agent, then such guarantor will also be released from its guarantee of all other First Lien Obligations. Each Collateral Agent and Authorized Representative will (at the Borrower’s sole expense) execute and deliver such documents as the Controlling Collateral Agent (or the Borrower) may reasonably request to evidence and confirm any release of Liens on Shared Collateral in connection with the foregoing. ...