Term Loan Security Agent definition

Term Loan Security Agent as defined in the ABL/Term Loan Intercreditor Agreement.
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Term Loan Security Agent shall have the meaning set forth in the recitals hereto and includes any New Term Loan Agent to the extent set forth in Section 2.4(f).
Sample 1
Term Loan Security Agent has the meaning assigned to such term in the introductory paragraph of this Agreement; provided that the Term Loan Security Agent with respect to any Additional First-Lien Obligations secured by Shared Collateral incurred pursuant to a Refinancing of the Term Loan Credit Agreement Obligations which has been designated in writing by the Term Loan Administrative Agent and the Term Loan Security Agent (in each case, under the Term Loan Credit Agreement so Refinanced) and the Company to each other Authorized Representative shall be the “Term Loan Security Agent” for purposes of this Agreement.
Sample 1

Examples of Term Loan Security Agent in a sentence

  • Except as otherwise set forth in this Agreement, the Term Loan Security Agent and the Term Loan Secured Parties may exercise rights and remedies as unsecured creditors against any Borrower or any other Grantor in accordance with the terms of the Term Loan Documents to which it is a party and applicable law.

  • Nothing in this Agreement impairs or otherwise adversely affects any rights or remedies the Term Loan Security Agent or the other Term Loan Secured Parties may have with respect to the Term Loan First Lien Collateral.

  • The Extending Lenders hereby authorize the Administrative Agent to provide on its behalf any notice to the Term Loan Security Agent and the Term Loan Secured Parties (each as defined in the Intercreditor Agreement) as it may deem necessary or advisable (in its sole discretion) to ensure compliance with Section 2.4(c)(i) of the Intercreditor Agreement.

  • Each of the Term Loan Security Agent and the Revolving Facility Security Agent may demand specific performance of this Agreement.

  • The Term Loan Security Agent is hereby authorized to make any such endorsements as agent for the ABL Agent and any such ABL Secured Parties, as the case may be.

  • The Term Loan Security Agent and Term Loan Secured Parties shall have no duty to advise the ABL Facility Security Agent or any ABL Facility Secured Party of information known to it or them regarding such condition or any such circumstances or otherwise.

  • Until the Discharge of ABL Obligations has occurred, the Term Loan Security Agent, on behalf of itself and the Term Loan Secured Parties, agrees that none of them shall seek (or support any other Person seeking) relief from the automatic stay or any other stay in any Insolvency or Liquidation Proceeding in respect of the ABL Priority Collateral without the prior written consent of the ABL Agent.

  • The Term Loan Security Agent and the Term Loan Secured Parties shall have no duty to the ABL Facility Security Agent or any of the ABL Facility Secured Parties to act or refrain from acting in a manner which allows, or results in, the occurrence or continuance of an event of default or default under any agreements with any Borrower or any other Grantor (including the Term Loan Documents and the ABL Facility Documents), regardless of any knowledge thereof which they may have or be charged with.

  • The Term Loan Security Agent, on behalf of itself and the Term Loan Secured Parties, and the ABL Facility Security Agent, on behalf of itself and the ABL Facility Secured Parties, hereby irrevocably waives any defense based on the adequacy of a remedy at law and any other defense which might be asserted to bar the remedy of specific performance in any action which may be brought by the Term Loan Security Agent or the ABL Facility Security Agent, as the case may be.

  • The Revolving Facility Documents may be Refinanced to the extent the terms and conditions of such Refinancing Indebtedness meet the requirements of each Credit Agreement and the holders of such Refinancing Indebtedness bind themselves in a writing addressed to the Term Loan Security Agent and the Term Lien Secured Parties to the terms of this Agreement.

Related to Term Loan Security Agent

  • Term Loan Security Documents means the “Security Documents” as defined in the Term Loan Credit Agreement.

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

  • Security Agent means the Bond Trustee or any successor Security Agent, acting for and on behalf of the Secured Parties in accordance with any Security Agent Agreement or any other Finance Document.

  • Additional First Lien Secured Parties means the holders of any Additional First Lien Obligations and any trustee, authorized representative or agent of such Additional First Lien Obligations.

  • Credit Agreement Collateral Agent has the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Term Loan Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Credit Agreement Secured Parties means the “Secured Parties” as defined in the Credit Agreement.

  • Credit Facility Agent means that certain agent, in its capacity as arranger and administrative agent under the Credit Agreement or any replacement or successor agent under the Credit Agreement.

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

  • Second Lien Administrative Agent shall have the meaning assigned to the term “Administrative Agent” in the Second Lien Credit Agreement.

  • Collateral Agent Fee Letter means the fee letter between the Collateral Agent and the Borrower setting forth the fees and other amounts payable by the Borrower to the Collateral Agent, the Custodian and the Securities Intermediary under the Facility Documents, in connection with the transactions contemplated by this Agreement.

  • Collateral Agent as defined in the preamble hereto.

  • Note Agent means any Registrar, Paying Agent or Conversion Agent.

  • First Lien Secured Parties means (i) the Credit Agreement Secured Parties and (ii) the Additional First-Lien Secured Parties with respect to each Series of Additional First-Lien Obligations.

  • Term Loan Lender means a Lender with a Term Loan Commitment or a Term Loan.

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Facility Agent has the meaning set forth in the Preamble.