Parity Lien Collateral Agent definition

Parity Lien Collateral Agent has the meaning set forth in the recitals.

Parity Lien Collateral Agent means (i) in the case of any Initial Parity Lien Obligations or the Initial Parity Lien Claimholders, the Initial Parity Lien Collateral Agent and (ii) in the case of any Additional Parity Lien Obligations and the Additional Parity Lien Claimholders in respect thereof, the Person serving as collateral agent (or the equivalent) for such Additional Parity Lien Obligations and that is named as the Parity Lien Collateral Agent in respect of such Additional Parity Lien Obligations in the applicable Joinder Agreement (each, in the case of this clause (ii) together with its successors and assigns in such capacity, an “Additional Parity Lien Collateral Agent”).

Parity Lien Collateral Agent means any collateral agent under Parity Lien Documents, and any successor thereto.

Examples of Parity Lien Collateral Agent in a sentence

• Unless and until the Discharge of the Senior Lender Claims has occurred, if the Trustee, any other agent, trustee or representative for Parity Lien Debt, the Parity Lien Collateral Agent or any Noteholder shall, at any time, receive any proceeds of any such insurance policy or any such award in contravention of this Agreement, it shall pay such proceeds over to the First-Lien Agent in accordance with the terms of Section 4.02.

• The Parity Lien Collateral Agent, for itself and on behalf of the Trustee, any other agent, trustee or representative for Parity Lien Debt and the Noteholders, hereby agrees not to assert or enforce any rights of subrogation it may acquire as a result of any payment hereunder until the Discharge of Senior Lender Claims has occurred.

• Upon the Discharge of Senior Lender Claims, the Parity Lien Collateral Agent, for itself and on behalf of the Trustee, any other agent, trustee or representative for Parity Lien Debt and the Noteholders, will not be required to release their claims on any Common Collateral that has not been sold or otherwise disposed of in connection with the Discharge of Senior Lender Claims.

• The Parity Lien Collateral Agent, for itself and on behalf of the Trustee, any other agent, trustee or representative for Parity Lien Debt and the Noteholders, agrees that the Senior Lenders and the First-Lien Agent shall not have by reason of the Parity Lien Collateral Documents or this Agreement or any other document, a fiduciary relationship in respect of the Trustee, any other agent, trustee or representative of Parity Lien Debt, the Parity Lien Collateral Agent or any Noteholder.

• All notices to the Noteholders and the Senior Lenders permitted or required under this Agreement may be sent to the Parity Lien Collateral Agent and the First-Lien Agent, respectively.

More Definitions of Parity Lien Collateral Agent

Parity Lien Collateral Agent means the collateral agent under the Third Lien Exchangeable Notes and the Third Lien Notes.

Parity Lien Collateral Agent means, each of (i) the Senior Tranche Administrative Agent (or other Person designated by the Senior Tranche Administrative Agent or other successor thereto in such capacity in accordance with the Letter of Credit Facility) or the Junior Tranche Administrative Agent (to the extent the Junior Tranche Administrative Agent is the controlling agent under the Letter of Credit Facility), (ii) the Collateral Agent and (iii) each collateral agent or other representative of lenders or holders of Parity Lien Obligations designated pursuant to the terms of the Parity Lien Documents and the Pari Passu Intercreditor Agreement from time to time.

Parity Lien Collateral Agent means the 10.875% Parity Lien Collateral Agent and any successor or assign in such capacity.

Parity Lien Collateral Agent means Wilmington Trust Company, not in its individual capacity but solely in its capacity as collateral agent under the Parity Lien Security Documents, together with its successors in such capacity.

Parity Lien Collateral Agent means the collateral agent under the Third Lien Notes and the Third Lien Exchangeable Notes.

Parity Lien Collateral Agent means the collateral agent under the Second Lien Notes and the Second Lien Exchangeable Notes.

Parity Lien Collateral Agent means the Trustee, in its capacity as collateral agent under certain of the Parity Lien Security Documents, for the benefit of the Trustee and the holders of notes or other Parity Lien Obligations, together with its successors in such capacity.