SCP Agent definition

SCP Agent has the meaning set forth in the Intercreditor Agreement.
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SCP Agent means Salus Capital Partners, LLC, as agent under the SCP Credit Agreement.
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Examples of SCP Agent in a sentence

  • Each of the Credit Parties agrees that in the event of any discrepancy or dispute between the SCP Agent (or any SCP Lender) and the Credit Parties as to the amount of the SCP Inventory Sale Reserve, Agent and the other Secured Parties shall be entitled to rely solely on the calculation of SCP Inventory Sale Reserve, as determined by the SCP Agent and shall have no liability to any Credit Party or any other Person for doing so.

  • Each of the Credit Parties agrees that neither Agent nor any Secured Party shall have any liability for relying on the calculation of the SCP Inventory Sale Reserve, as set forth in a SCP Inventory Sale Reserve Correction Notice, or on the NOLV Factor under the Revolving Borrowing Base, as set forth in or a SCP Appraisal, in each case as delivered by SCP Agent to Agent.

  • The Residual Account Deposit Account shall be under the control of the SCP Agent and shall be separate from all other deposit accounts of the Credit Parties, and amounts on deposit therein shall be segregated from all other Cash and Cash Equivalents of the Credit Parties and their Subsidiaries.

  • No such withdrawals by the Borrower from the Residual Account Deposit Account shall be permitted at any time that a Default or Event of Default shall have occurred and be continuing, and each Residual Account Blocked Account Agreement shall require, after the occurrence and during the continuance of an Event of Default and notice from the SCP Agent, the ACH or wire transfer to SCP Agent on each Business Day of any amounts on deposit in the Residual Account Deposit Account.

  • No later than March 31, 2014 (or such later date agreed to by SCP Agent in writing), the Borrower shall complete any remediation recommended in the property condition assessments delivered in accordance with subsection 2.1(j), in each case to the extent relating to non-cosmetic remediation identified to the Borrower by SCP Agent on or prior to the date of this Agreement.

  • This procedure effectively assigns to the SSP Agents that an SCP Agent trusts the most all the supply they want, giving priority to the most trusted Agents first, until all the supply is used up.

  • Unless 65% of the Stock thereof has been pledged to SCP Agent in accordance with Section 4.20, the Credit Parties shall not permit Worldwide Electronics, S.A. de C.V. to (a) own or acquire any assets, (b) incur any Indebtedness or Liens or (c) conduct any business other than in connection with the dissolution of such Foreign Subsidiary.

  • This effectively ameliorates the risk for the SSP Agent that any particular SCP Agent will refuse it supply.

  • In full satisfaction of the Allowed SCP Secured Claims, the SCP Agent, on behalf of SCP Secured Parties, shall receive, as soon as practicable after the date of the Dispute Resolution, the Encumbered Cash to the extent authorized by the Dispute Resolution.

  • Solely to the extent of any diminution in value of such interests pursuant to sections 361 and 363(e) of the Bankruptcy Code, the Debtors shall grant to the SCP Agent, for itself and for the benefit of the SCP Lenders, valid and perfected replacement security interests in, and liens on (the “SCP AdequateProtection Liens”), the DIP Collateral.

Related to SCP Agent

  • DIP Agent means the administrative agent for the DIP Lenders as defined in the DIP Credit Agreement.

  • Funding Agent or "agents" means an investment firm, trust bank, or other financial

  • Administrative Agent means Bank of America in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent.

  • Global Agent has the meaning specified in the preamble, and any duly qualified and appointed successor or successors of U.S. Bank thereto.

  • Administrative Agent-Related Persons means Administrative Agent, its Affiliates, and the officers, directors, employees, agents and attorneys-in-fact of the Administrative Agent and its Affiliates.

  • Managing Agent means a person authorized by the landlord to act on behalf of the landlord under

  • Issuing Agent means Pareto Securities AB, or another party replacing it, as Issuing Agent, in accordance with these Terms and Conditions.

  • the Agent means the estate agency described at paragraph 5 of the Schedule;

  • Lead Agent has the meaning given to it above;

  • Managing Agents as defined in the preamble hereto.

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

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • Purchaser Agent means each Person acting as agent on behalf of a Purchaser Group and designated as a Purchaser Agent for such Purchaser Group on the signature pages to the Agreement or any other Person who becomes a party to this Agreement as a Purchaser Agent pursuant to an Assumption Agreement or a Transfer Supplement.

  • Program Agent means Citicorp North America, Inc., as Program Agent under the Purchase Agreement, and its successors and assigns in such capacity.

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

  • Sub-Agent means Citibank International plc.

  • Revolving Administrative Agent has the meaning assigned to such term in the preamble of this Agreement.

  • Agent means any Registrar or Paying Agent.

  • ABL Administrative Agent means Bank of America in its capacity as administrative agent and collateral agent under the ABL Facilities Documentation, or any successor administrative agent and collateral agent under the ABL Facilities Documentation.

  • Collection Agent means at any time the Person then authorized pursuant to Section 6.01 to service, administer and collect Transferred Receivables.

  • Term Administrative Agent shall have the meaning set forth in the recitals hereto.

  • Applicable Agent means (a) with respect to a Loan or Borrowing denominated in US Dollars or any Letter of Credit, and with respect to any payment hereunder that does not relate to a particular Loan or Borrowing, the Administrative Agent and (b) with respect to a Loan or Borrowing denominated in any Alternative Currency, the London Agent.

  • Co-Agent has the meaning set forth in the preamble to this Agreement.

  • Revolving Agent means the collateral agent (or the administrative agent acting as collateral agent) under any Revolving Credit Agreement, and its successors and assigns in such capacity and, from and after the execution of a Revolving Credit Substitute Facility, one or more other agents, collateral agents, trustees or similar contractual representatives for one or more holders of indebtedness or other Obligations evidenced thereunder or governed thereby and its successors and assigns in such capacity, but in no event shall any Obligor or Affiliate thereof be, or appoint, the Revolving Agent.

  • Administrative Agent’s Letter shall have the meaning specified in Section 10.9 [Administrative Agent’s Fee].

  • Agent’s Group has the meaning specified in Section 8.02(b).