Prior Collateral Agent definition

Prior Collateral Agent has the meaning assigned to such term in Section 5.20.
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Prior Collateral Agent shall have the meaning set forth in the recitals hereto.
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Prior Collateral Agent has the meaning specified in Section 8.1 of this Agreement.
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Examples of Prior Collateral Agent in a sentence

  • Concrete used in agricultural applications are susceptible to attack by silage effluents mainly containing acetic and lactic acid.

  • The Company hereby acknowledges that the Prior Collateral Agent assigned all of its rights under the Prior Security Agreement to the Collateral Trustee.

  • The Prior Collateral Agent agrees to deliver all possessory collateral to the Successor Collateral Agent on or promptly following the Dropdown Effective Date.

  • Notwithstanding anything implied to the contrary in this Agreement, the Collateral Agent shall not succeed to, nor shall the Prior Collateral Agent be released from, any liabilities arising as a result of facts existing or acts or omissions of the Prior Collateral Agent occurring prior to the effectiveness of this Agreement.

  • Subject to Section 6.8 of this Agreement, this Agreement may not be modified, amended, supplemented, canceled or discharged, except by written instrument executed by the Issuer and Prior Collateral Agent.

  • The parties hereto hereby acknowledge and agree that, as of (and contingent upon) the Dropdown Effective Date, the Prior Collateral Agent shall have no further obligations, responsibilities or duties as “collateral agent” for the Secured Parties under the Credit Agreement and the other Loan Documents, except to the extent of any obligation expressly stated in the Credit Agreement or other Loan Documents as surviving any such resignation.

  • No waiver of any breach of any provision by Prior Collateral Agent shall be deemed to be a waiver of any preceding or succeeding breach of the same or any other provision, nor shall any waiver be implied from any course of dealing between the parties.

  • The Collateral Agent hereby succeeds to and becomes vested with all the rights, powers, privileges and duties of the Prior Collateral Agent, and except as provided in Section 2(b) hereof, the Prior Collateral Agent is hereby discharged and released from its duties and obligations under the Security Documents as of the date of this Agreement.


More Definitions of Prior Collateral Agent

Prior Collateral Agent means First Union National Bank, as Collateral Agent under the Prior Intercreditor Agreement.
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Prior Collateral Agent shall have the meaning set forth in the recitals hereto. “Qualified Financier” shall mean (a) a commercial bank organized under the laws of the United States, or any state thereof, and having total assets in excess of $500,000,000, (b) a commercial bank organized under the laws of any other country which is a member of the Organization for Economic Cooperation and Development or a political subdivision of any such country and which has total assets in excess of $500,000,000; provided that such bank is acting through a branch or agency located in the United States, and (c) a commercial finance company, insurance company or other financial institution that is engaged in making, purchasing or otherwise investing in commercial loans in the ordinary course of its business and having total assets in excess of $500,000,000. “Secured Parties” shall mean, collectively, the ABL Secured Parties and the Noteholder Secured Parties. “Standstill Period” shall have the meaning set forth in Section 3.1(a)(i)1(a)(i). “Uniform Commercial Code” or “UCC” means the Uniform Commercial Code as from time to time in effect in the State of New York.
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Prior Collateral Agent shall have the meaning provided in the preamble to this Agreement.
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Prior Collateral Agent has the meaning assigned to such term in Section 5.20. “Proceeds” means all proceeds of, and all other profits, products, rents or receipts, in whatever form, arising from the collection, sale, lease, exchange, assignment, licensing or other disposition of, or other realization upon, any Collateral, including all claims of the relevant Pledgor against third parties for loss of, damage to or destruction of, or for proceeds payable under, or unearned premiums with respect to, policies of insurance in respect of, any Collateral, and any condemnation or requisition payments with respect to any Collateral. “Regulation S-X Excluded Collateral” has the meaning assigned to such term in Section 2.01. “Rule 3-10” has the meaning assigned to such term in Section 2.01. “Rule 3-16” has the meaning assigned to such term in Section 2.01. “SEC” has the meaning assigned to such term in Section 2.01. “Second Lien Credit Agreement” means any second lien credit agreement, made by and between the Loan Parties, an administrative agent, and the lenders from time to time party thereto (as amended, restated, supplemented, modified, replaced or refinanced from time to time in accordance with the terms of a Permitted Junior Intercreditor Agreement). 6
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Prior Collateral Agent means the Collateral Agent as defined in the Prior Pledge Agreement.
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Related to Prior Collateral Agent

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • ABL Collateral Agent means JPMorgan Chase Bank, N.A., in its capacity as collateral agent for the ABL Facility Secured Parties, together with its successors and permitted assigns under the ABL Facility Agreement and the ABL Facility Collateral Documents.

  • Credit Agreement Collateral Agent has the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Second Lien Collateral Agent means the “Collateral Agent” as defined in the Second Lien Credit Agreement.

  • Controlling Collateral Agent means (i) until the earlier of (x) the Discharge of Credit Agreement Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date, the Credit Agreement Collateral Agent and (ii) from and after the earlier of (x) the Discharge of Credit Agreement Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date, the Additional Collateral Agent (acting on the instructions of the Applicable Authorized Representative).

  • First Lien Collateral Agent means the “Collateral Agent” as defined in the First Lien Credit Agreement.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Collateral has the meaning specified in the Granting Clause of this Indenture.

  • Applicable Collateral Agent means (i) until the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Credit Agreement Collateral Agent and (ii) from and after the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Collateral Agent for the Series of First Lien Obligations represented by the Major Non-Controlling Representative.

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Company or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • Trust Collateral Agent means such successor Person.

  • Term Loan Collateral Agent means Credit Suisse, Cayman Islands Branch, as collateral agent for the lenders under the Term Loan Credit Agreement, together with its respective successors and permitted assigns under the Term Loan Credit Agreement exercising substantially the same rights and powers, or such other agent as may from time to time be appointed thereunder.

  • Notes Collateral Agent means such successor collateral agent, and the retiring Notes Collateral Agent’s appointment, powers and duties as the Notes Collateral Agent shall be terminated. After the retiring Notes Collateral Agent’s resignation hereunder, the provisions of this Section 12.08 (and Section 7.07) shall continue to inure to its benefit and the retiring Notes Collateral Agent shall not by reason of such resignation be deemed to be released from liability as to any actions taken or omitted to be taken by it while it was the Notes Collateral Agent under this Indenture.

  • Collateral Agent as defined in the preamble hereto.

  • Second Priority Collateral means any “Collateral” as defined in any Second Priority Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority Debt Obligation.

  • Supplemental Collateral Agent has the meaning assigned to that term in subsection 9.1B.

  • U.S. Collateral means any and all property owned, leased or operated by a Person covered by the U.S. Collateral Documents and any and all other property of any U.S. Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Secured Obligations.

  • Senior Collateral Documents means the Security Agreement and the other “Collateral Documents” as defined in the Credit Agreement, the First Lien Intercreditor Agreement (upon and after the initial execution and delivery thereof by the initial parties thereto) and each of the collateral agreements, security agreements and other instruments and documents executed and delivered by the Borrower or any other Grantor for purposes of providing collateral security for any Senior Obligation.

  • Borrower Collateral means all of Borrower's now owned or hereafter acquired right, title, and interest in and to each of the following:

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • Term Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • UCC Collateral is defined in Section 3.03.

  • Basic Collateral Agency Agreement means the Amended and Restated Basic Collateral Agency Agreement, dated as of March 1, 2009, among Daimler Trust, the Administrative Agent, Daimler Title Co., as collateral agent, and MBFS USA, as lender and as servicer.

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.