Senior Secured Notes Agent definition
Examples of Senior Secured Notes Agent in a sentence
Subject to the other terms of this Agreement, all payments received by (a) the ABL Agent or the ABL Claimholders may be applied, reversed and reapplied, in whole or in part, to the ABL Obligations to the extent provided for in the ABL Loan Documents and (b) the Senior Secured Notes Agent or the Senior Secured Notes Claimholders may be applied, reversed and reapplied, in whole or in part, to the Senior Secured Notes Obligations to the extent provided for in the Senior Secured Notes Documents.
The Senior Secured Notes Claimholders have expressly authorized and instructed the Senior Secured Notes Agent to execute and deliver this Agreement.
The Senior Secured Notes Agent hereby represents that it is authorized to, and by its signature hereon does, bind the other Senior Secured Notes Claimholders to the terms of this Agreement.
Each of the ABL Agent and the Senior Secured Notes Agent may demand specific performance of this Agreement.
The Senior Secured Notes Agent, on behalf of itself and the Senior Secured Note Claimholders, agrees that no such Person shall provide to such Grantor any DIP Financing to the extent that the Senior Secured Notes Agent or any Senior Secured Note Claimholder would, in connection with such financing, be granted a Lien on the ABL Priority Collateral senior to or pari passu with the Liens of the ABL Facility Collateral Agent.
The Senior Secured Notes Agent hereby represents that it is authorized to, and by its signature hereon does, bind the Holders of the Notes, and the other Senior Secured Note Claimholders who duly authorize and appoint the Senior Secured Notes Agent, to the terms of this Agreement.
Upon the Discharge of ABL Obligations, the ABL Agent shall deliver the remaining Pledged Collateral (if any) in its possession together with any necessary endorsements to the Authorized Senior Secured Notes Agent to the extent the Discharge of Senior Secured Notes Obligations has not occurred.
If the ABL Agent or any ABL Claimholders shall, at any time, receive any Proceeds of any such insurance policy or any such award or payment with respect to Senior Secured Notes Priority Collateral in contravention of this Agreement, it shall segregate and hold in trust and forthwith pay such amount over to the Senior Secured Notes Agent in accordance with the terms of Section 4.2.
The ABL Agent, the ABL Claimholders, the Senior Secured Notes Agent and the Senior Secured Notes Claimholders hereby appoint the Junior Secured Notes Agent as their collateral agent for the purposes of perfecting their security interest in all Pledged Collateral in which the Junior Secured Notes Agent has a perfected security interest under the UCC.
Each of the Senior Secured Notes Agent, the ABL Agent and the Junior Secured Notes Agent agrees that if it sends any Enforcement Notice to another Agent, it shall be sent all of the Agents.