Term Loan Representative definition

Term Loan Representative has the meaning set forth in the introductory paragraph hereof. In the case of any Replacement Term Loan Agreement, the Term Loan Representative shall be the Person identified as such in such Agreement.

Term Loan Representative as defined in the Intercreditor Agreement.

Term Loan Representative means, with respect to the Term Credit Agreement, Ares Capital Corporation, as administrative agent or collateral agent and with respect to any Permitted Refinancing of the Indebtedness under the Term Credit Agreement that is secured on the same basis as the Indebtedness under the Term Credit Agreement, the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Permitted Refinancing is issued, incurred or otherwise obtained, as the case may be, and each of their successors in such capacities.

Examples of Term Loan Representative in a sentence

• The RCF Representative, on behalf of itself and the other RCF Secured Parties, agrees that each of them shall take such actions as the Term Loan Representative shall reasonably request in connection with the exercise by the Term Loan Secured Parties of their rights set forth herein in respect of the Other Collateral.

• The RCF Representative, for and on behalf of itself and the RCF Secured Parties, agrees that no payment to the Term Loan Representative or any Term Loan Secured Party pursuant to the provisions of this Agreement shall entitle the RCF Representative or any RCF Secured Party to exercise any rights of subrogation in respect thereof until the Term Loan Obligations Payment Date.

• In connection with any transfer described herein to the Term Loan Representative, at the sole cost and expense of the Loan Parties, the RCF Representative agrees to take reasonable actions in its power as shall be reasonably requested by the Term Loan Representative to permit the Term Loan Representative to obtain, for the benefit of the Term Loan Secured Parties, a first priority security interest in the Pledged Collateral.

• The Term Loan Representative, for and on behalf of itself and the Term Loan Secured Parties, agrees that no payment to the RCF Representative or any RCF Secured Party pursuant to the provisions of this Agreement shall entitle the Term Loan Representative or any Term Loan Secured Party to exercise any rights of subrogation in respect thereof until the RCF Obligations Payment Date.

• Until the earlier of the Term Loan Obligations Payment Date and the RCF Representative Enforcement Date, the RCF Representative agrees, on behalf of itself and the other RCF Secured Parties, that none of them will seek relief from the automatic stay or from any other stay in any Insolvency Proceeding or take any action in derogation thereof, in each case in respect of any Other Collateral, without the prior written consent of the Term Loan Representative.

More Definitions of Term Loan Representative

Term Loan Representative means “Term Loan Representative” as defined in the Intercreditor Agreement.

Term Loan Representative means the Term Loan Agent acting at the direction of the Requisite Lenders, unless the principal amount of Additional Obligations under any Additional Credit Facility exceeds the principal amount of Term Loan Obligations under the Term Loan Facility, and in such case, the Additional Agent under such Additional Credit Facility (or, if there is more than one such Additional Credit Facility, the Additional Credit Facility under which the greatest principal amount of Additional Obligations is outstanding at the time) acting at the direction of the Requisite Lenders.

Term Loan Representative means, subject to the Intercreditor Agreements, (a) while the PCA Facility remains in effect, the “Administrative Agent” as defined in the PCA Facility and (b) the agent, trustee or other representative in respect of any other Permitted Term Loans.

Term Loan Representative means the First Lien Term Loan Representative and the Second Lien Term Loan Representative.

Term Loan Representative the administrative agent under the Term Loan Credit Agreement.

Term Loan Representative. (ii) The term “

Term Loan Representative means the Administrative Agent under the Term Loan Credit Agreement or, in the event of the termination of, and satisfaction in full of all of the Term Loan Obligations, any replacement representative as determined by majority vote of the holders of the remaining Term Loan Related Obligations based on such holders' Outstanding Amounts.