Priority Lien Agent definition

Priority Lien Agent means the Original Priority Lien Agent, and, from and after the date of execution and delivery of a Priority Substitute Credit Facility, the agent, collateral agent, trustee or other representative of the lenders or holders of the indebtedness and other Obligations evidenced thereunder or governed thereby, in each case, together with its successors in such capacity.

Priority Lien Agent means the administrative agent under the Priority Lien Credit Agreement, and, from and after the date of execution and delivery of a Priority Lien Substitute Facility, the agent, collateral agent, trustee or other representative of the lenders or holders of the Indebtedness and other Obligations evidenced thereunder or governed thereby, in each case, together with its successors in such capacity.

Priority Lien Agent has the meaning assigned to such term in the Second Lien Intercreditor Agreement.

Examples of Priority Lien Agent in a sentence

• Unless and until the Discharge of Priority Lien Obligations has occurred, and subject to the rights of the Grantors under the Priority Lien Documents, all proceeds of any such policy and any such award (or any payments with respect to a deed in lieu of condemnation) in respect of the Collateral shall be paid to the Priority Lien Agent pursuant to the terms of the Priority Lien Documents (including for purposes of cash collateralization of commitments, letters of credit and Hedging Obligations).

• Such purchase price and cash collateral shall be remitted by wire transfer in federal funds to such bank account of the Priority Lien Agent as the Priority Lien Agent may designate in writing to the Second Lien Collateral Trustee for such purpose.

• Each of the Priority Lien Agent, the Second Lien Collateral Trustee and the Third Lien Collateral Trustee shall give the other Secured Debt Representatives prompt written notice of the Disposition by it of, and release by it of the Lien on, any Collateral.

• Each of the Priority Lien Agent and the Second Lien Collateral Agent shall give the other Secured Debt Representatives prompt written notice of the Disposition by it of, and Release by it of the Lien on, any Collateral.

• By accepting the benefits of this Agreement and the other Priority Lien Security Documents, each Priority Lien Secured Party authorizes the Priority Lien Agent to enter into this Agreement and to act on its behalf as collateral agent hereunder and in connection Active.18117613.5 herewith.

More Definitions of Priority Lien Agent

Priority Lien Agent means the administrative agent under the Priority Lien Credit Agreement (or other Person designated by the administrative agent under the Priority Lien Credit Agreement), or if the Priority Lien Credit Agreement ceases to exist, the collateral agent or other representative of lenders or holders of Priority Lien Obligations designated pursuant to the terms of the Priority Lien Documents and the Intercreditor Agreement.

Priority Lien Agent means an administrative agent (including any successors thereto), collateral agent, or other representatives of lenders or holders of Priority Lien Obligations designated pursuant to the terms of Priority Lien Documents and the Intercreditor Agreement.

Priority Lien Agent the collateral agent under any Future ABL Facility, and its successors and permitted assigns thereunder.

Priority Lien Agent has the meaning set forth in the Intercreditor Agreement.

Priority Lien Agent means (1) the collateral agent under the Credit Agreement or (2) in the case of any Refinancing Credit Facility, the trustee, agent or representative of the holders of such Priority Lien Debt who maintains or has unrestricted access to the transfer register for such Priority Lien Debt and is appointed as a representative of such Priority Lien Debt (for purposes related to the administration of the security documents related to such Priority Lien Debt) pursuant to the Priority Lien Document governing such Priority Lien Debt.

Priority Lien Agent means the Original Priority Lien Agent, and any other agent, collateral agent, trustee or other representative to which Priority Liens have been granted in favor of all Priority Lien Secured Parties or which otherwise has been designated to act as Priority Lien Agent on behalf of all Priority Lien Secured Parties (written notice of which has been provided to the Second Lien Collateral Agent and Third Lien Collateral Agent), in each case, together with its successors or assigns in such capacity.

Priority Lien Agent has the meaning assigned to such term in the Junior Intercreditor Agreement.]