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

• The Parity Lien Collateral Agent, on behalf of itself, the Trustee, any other agent, trustee or representative for Parity Lien Debt and the Noteholders, hereby irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific performance in any action that may be brought by the First-Lien Agent.

• As it relates to matters between the Parity Lien Collateral Agent, the Trustee, any other agent, trustee or representative for Parity Lien Debt and the Noteholders on the one hand, and the First-Lien Agent and the Senior Lenders on the other hand, in any conflict between the provisions of this Agreement and the Senior Lender Documents or the Parity Lien Documents, this Agreement shall govern.

• 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.

• The Company shall provide prompt written notice to the Parity Lien Collateral Agent of any Discharge of the Senior Lender Claims.

More Definitions of Parity Lien Collateral Agent

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

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 has the meaning set forth in the Preamble to this Agreement.

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.

Parity Lien Collateral Agent means The Bank of New York, in its capacity as collateral agent for the Trustee and the holders of Notes or other Parity Lien Obligations under the Security Documents, together with its successors in such capacity.

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