Common use of Cash Flow Collateral Representative Clause in Contracts

Cash Flow Collateral Representative. Each Senior Priority Agent, on behalf of itself and the Senior Priority Creditors represented thereby, and each Junior Priority Agent, on behalf of itself and the Junior Priority Creditors represented thereby, agrees that the Senior Priority Representative shall act as Cash Flow Collateral Representative under the Base Intercreditor Agreement at all times prior to the date upon which the Discharge of the Senior Priority Obligations shall have occurred. Each Junior Priority Agent, on behalf of itself and the Junior Priority Creditors represented thereby, agrees that prior to the date upon which the Discharge of the Senior Priority Obligations shall have occurred, such Junior Priority Agent shall be ineligible to act as the “Cash Flow Collateral Representative” under the Base Intercreditor Agreement and shall not act in such capacity.