Prior Agent definition

Prior Agent has the meaning assigned to such term in Section 6.18.

Prior Agent means Corre Credit Fund, LLC, in its capacity as Agent under the Credit Agreement until the Second Amendment Effective Date.

Prior Agent means Capital One, N.A., a national banking association formerly known as Hibernia National Bank, in its capacity as agent under the Prior Credit Documents.

Examples of Prior Agent in a sentence

• It is understood that the Prior Agent shall retain all of the benefits of the indemnity provisions contained in this Agreement during such period.

• SSCC and the other Grantors acknowledge and agree that the value of any payments or distributions in cash, property or other assets received by any Junior Agent or any Junior Secured Party that are paid over to any Prior Agent or any Prior Secured Party pursuant to this Agreement shall not reduce any of the applicable Junior Obligations.

• Upon the Discharge of Prior Obligations, the Controlling Agent shall deliver to the Rising Prior Agent any Common Collateral and Proceeds of Common Collateral held by it in the form in which received, with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct, to be applied by such Rising Prior Agent to its related Class of Obligations in the order, if any, required by Sections 2.01 and 6.07 and otherwise as specified in the relevant Collateral Documents.

• All payments received by any Prior Agent or any Prior Secured Parties may be applied, reversed and reapplied, in whole or in part, to such part of the Prior Obligations as shall be provided in the applicable Prior Credit Documents.

• Until the Discharge of Prior Obligations has occurred, each Junior Agent, on behalf of itself and its Related Secured Parties, agrees that none of them shall seek (or support any other Person seeking) relief from the automatic stay or any other stay in any Insolvency or Liquidation Proceeding in respect of any Common Collateral subject to a Prior Lien without the prior written consent of each Prior Agent.

More Definitions of Prior Agent

Prior Agent means General Electric Credit Corporation, in its capacity as agent under the Prior Credit Documents.

Prior Agent means, with respect to any Collateral and any Junior Secured Party, each Collateral Agent representing Secured Parties whose Liens on such Collateral are Prior Liens.

Prior Agent has the meaning set forth in the Recitals hereto.

Prior Agent means The Galileo Fund, L.P., a Massachusetts limited partnership, in its capacity a agent for the Prior Lenders under the Amended Credit Agreement.

Prior Agent means (i) HPS (as successor to PNC Bank, National Association on and from March 15, 2019), as administrative agent and collateral agent under the Pre-Petition Credit Agreement and (ii) HPS, as notes agent and collateral agent under the Second Lien Note Purchase Agreement, as the case may be.

Prior Agent shall have the meaning provided in the Intercreditor Agreement.

Prior Agent means the Resigning Agent (as defined in the Sixth Amendment).