Second Priority Agent definition

Second Priority Agent means, with respect to (a) any ABL Priority Collateral, the Term Loan Agents and (b) any Term Loan Priority Collateral, the ABL Agent.

Second Priority Agent shall have the meaning assigned to such term in the preamble to this Agreement.

Second Priority Agent has the meaning assigned to that term in the Recitals to this Agreement.

Examples of Second Priority Agent in a sentence

• The First Lien Agents are each hereby individually authorized to make any such endorsements as agent for any Second Priority Agent or any such Second Priority Secured Party.

• If any Second Priority Agent or any Second Priority Secured Party shall, at any time, receive any proceeds of any such insurance policy or any such award in contravention of this Agreement, it shall pay such proceeds over to any First Lien Agent in accordance with the terms of Section 4.2.

• The First Lien Agents hereby agree to promptly notify each Second Priority Agent upon payment in full in cash of all Obligations under the applicable Senior Lender Documents (except for contingent indemnities and cost and reimbursement obligations to the extent no claim therefor has been made).

• Each Second Priority Agent, on behalf of itself and each applicable Second Priority Secured Party, hereby waives any rights of subrogation it may acquire as a result of any payment hereunder until the Discharge of Senior Lender Claims has occurred.

• Each Second Priority Agent, on behalf of itself and each applicable Second Priority Secured Party, acknowledges that it and the applicable Second Priority Secured Parties is not entitled to rely on any credit decision or other decisions made by any First Lien Agent or any Senior Lender in taking or not taking any action under the applicable Second Priority Document or this Agreement.

More Definitions of Second Priority Agent

Second Priority Agent means each of the Trustee and each other Person which acts as trustee, lead agent, administrative agent or collateral agent for any Second Priority Lenders and, if any Second Priority Claims do not have a trustee, lead agent, administrative agent or collateral agent, the representative appointed by the holders of at least a majority of such Second Priority Claims.

Second Priority Agent means, with respect to (a) any ABL Facility First Priority Collateral, the Designated Term Loan Agent and each other Term Loan Agent, and (b) any Term Facility First Priority Collateral, the ABL Agent, as applicable.

Second Priority Agent means has the meaning assigned to such term in the preamble hereto.

Second Priority Agent shall have the meaning as given to “Second Priority Agent” in the Intercreditor Agreement;

Second Priority Agent means Laminar Direct Capital L.P. in its capacity as agent for the holders of the Second Priority Senior Secured Notes.

Second Priority Agent means the Trustee as agent for the Indenture Secured Parties.

Second Priority Agent means Cantor Xxxxxxxxxx, in its capacity as administrative agent and collateral agent for the Second Priority Secured Parties under the Series B Credit Agreement and the other Second Priority Documents entered into pursuant to the Series B Credit Agreement, together with its successors in such capacity.