Secured Party Representative definition

Secured Party Representative has the meaning assigned to such term in Section 12.09.

Secured Party Representative as defined in the Intercreditor Agreement.

Secured Party Representative means the Secured Party until such time as the Secured Party Representative notifies the Securities Intermediary that the Secured Party Representative shall mean any Additional Secured Party as identified in writing by the Secured Party Representative.

Examples of Secured Party Representative in a sentence

• Materials should be directly relevant to the tasks being performed by each department, which might necessitate developing more than one set of information, each tailored to a different type of task.• The City should develop urban runoff management plans for the corporation yard, animal shelter, and fire stations.The City manages several facilities that have the potential to adversely affect stormwater quality.

• The provisions of this Section 9.09(b) shall not apply to any Borrower Information that is a matter of general public knowledge or that has heretofore been made available to the public by any Person other than any Secured Party or any Secured Party Representative or that is required to be disclosed by applicable law or regulation or is requested by any Authority with jurisdiction over any Secured Party or Secured Party Representative or any of its Affiliates.

• The provisions of this Section 9.09(b) shall not apply to any Borrower Information that is a matter of general public knowledge or that has heretofore been made available to the public by any Person other than such Secured Party Representative or that is required to be disclosed by Applicable Law or is requested by any Authority with jurisdiction over any Secured Party or Secured Party Representative or any of their respective Affiliates or as may be necessary to enforce the Program Documents.

• In the event of foreclosure on the Collateral, if the Collateral is not purchased by a third party at a trustees sale or otherwise as provided under the UCC, the Secured Party Representative shall cause title to vest in the names of each Secured Party, as tenants in common, with undivided interests in the Collateral in accordance with its Participating Interest.

• With respect to its Loans made or renewed by it, each Secured Party Representative shall have the same rights and powers under this Agreement and the other Loan Documents as any Lender and may exercise the same as though it were not a Secured Party Representative, and the terms “Lender” and “Lenders” shall include each Secured Party Representative in its individual capacity.

More Definitions of Secured Party Representative

Secured Party Representative means the Secured Party Agent designated by the Secured Party Agents to act on behalf of the Secured Party Agents hereunder, acting in such capacity. The Secured Party Representative shall be the 2009 Credit Agent.

Secured Party Representative has the meaning assigned to such term in Section 12.09. “Securities Act” means the Securities Act of 1933 and the rules and regulations promulgated thereunder, all as from time to time in effect.

Secured Party Representative means, (i) in the case of the holders of the Indenture Notes under the First Indenture, The Bank of New York (or its successor), as Trustee under the First Indenture, (ii) in the case of the holders of the Indenture Notes under the Second Indenture, The Bank of New York (or its successor), as Trustee under the Second Indenture, (iii) in the case of the Lenders under the Credit Agreement, JPMorgan Chase Bank, N.A. (or its successor), as Administrative Agent under the Credit Agreement, and (iv) in the case of any Additional Obligations, the Person identified as the relevant Secured Party Representative in the Grantor Order delivered under Section 22 with respect thereto.

Secured Party Representative has the meaning set forth in Section 10.14.

Secured Party Representative means each of the ABL Collateral Agent and the SOA Collateral Agent and (ii) all times at and after Owner shall have received the ABL Satisfaction Notice, such term shall mean the SOA Collateral Agent. At all times covered by clause (i) of this Section C.4., in the event of any conflict between the requests or instructions given to Owner by the ABL Collateral Agent in accordance with this Agreement and the requests or instructions given to Owner by the SOA Collateral Agent in accordance with this agreement, Owner shall comply with the requests and instructions of the ABL Collateral Agent.

Secured Party Representative means (x) in the case of any ABL Priority Collateral, the ABL Agent and (y) in the case of any Non-ABL Priority Collateral, (a) prior to the Discharge of 2025 Notes Obligations, the 2025 Notes Agent and (b) at any time thereafter, the Additional Agent with respect to the Additional Obligations that constitute the largest outstanding principal amount of any then outstanding series or class of Additional Obligations as designated in writing to the ABL Agent as the Secured Party Representative in respect of Non-ABL Priority Collateral and acknowledged by all Additional Agents then party hereto.

Secured Party Representative has the meaning assigned to such term in Section 12.09. “Securities Act” means the Securities Act of 1933 and the rules and regulations promulgated thereunder, all as from time to time in effect. “Securities Intermediary” means a Person satisfying Section 8-102(a)(14) of the UCC with respect to the Covered Accounts. Initially, the Securities Intermediary shall be U.S. Bank National Association. “Security Entitlement” has the meaning specified in Section 8-102(a)(17) of the UCC. “Senior Net Leverage Ratio” means, with respect to any Collateral Loan and the related Obligor, either (a) the meaning of “Senior Net Leverage Ratio” or comparable term set forth in the Related Documents for such Collateral Loan, or (b) in the case of any Collateral Loan with respect to which the Related Documents do not include a definition of “Senior Net Leverage Ratio” or comparable term, the ratio obtained by dividing (i) the indebtedness (including the full drawn but not the undrawn amount of any revolving and delayed draw indebtedness) of the related Obligor (other than indebtedness of such Obligor that is junior in terms of payment or lien subordination to indebtedness of such Obligor held by the Borrower) as of such date, minus the Unrestricted Cash of such Obligor as of such date by (ii) EBITDA of such Obligor for any period, as calculated by the Collateral Manager in accordance with the Collateral Management Standard. “Separateness Provisions” means the provisions contained in Section 2.9 of the Borrower LLC Agreement of the Borrower. “Seventh Amendment Effective Date” means the effective date of Amendment No. 7 to this Agreement, such date being July 3, 2024. “SOFR” means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator. “SOFR Administrator” means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate). “Solvent” as to any Person means that such Person is not “insolvent” within the meaning of Section 101(32) of the Bankruptcy Code or Section 271 of the New York Debtor and Creditor Law. “Structured Finance Obligation” means any debt obligation owing by a special purpose finance vehicle that is secured directly and primarily by, primarily referenced to, and/or primarily representing ownership of, a pool of receivables or a pool of other assets, including collateralized debt obligations, residential mortgage-backed securities, commercial mortgage-backed securities, other asset-b...