Controlling Collateral Agent definition

Controlling Collateral Agent means (i) until the earlier of (x) the Discharge of Credit Agreement Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date, the Credit Agreement Collateral Agent and (ii) from and after the earlier of (x) the Discharge of Credit Agreement Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date, the Additional Collateral Agent (acting on the instructions of the Applicable Authorized Representative).
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Controlling Collateral Agent means, with respect to any Shared Collateral, (i) until the earlier of (x) the Discharge of Credit Agreement Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date with respect to such Shared Collateral, the Credit Agreement Collateral Agent; and (ii) from and after the earlier of (x) the Discharge of Credit Agreement Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date with respect to such Shared Collateral, the Collateral Agent for the Controlling Secured Parties (acting on the instructions of the Applicable Authorized Representative).
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Controlling Collateral Agent means, with respect to any Shared Collateral, (i) from and after the incurrence of the Working Capital Facility Obligations until the Discharge of Working Capital Facility Obligations, the Working Capital Facility Collateral Agent, and (ii) until the Discharge of Interim Notes Obligations, provided that no Working Capital Facility Obligations are outstanding, the Primary Notes Collateral Agent.
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Examples of Controlling Collateral Agent in a sentence

  • No Non- Controlling Collateral Agent or Non-Controlling Secured Party will contest, protest or object to any foreclosure proceeding or action brought by the Controlling Collateral Agent or any Controlling Secured Party or any other exercise by the Controlling Collateral Agent or any Controlling Secured Party of any rights and remedies relating to the Shared Collateral.

  • So long as the Equal Priority Intercreditor Agreement is outstanding, the requirement of this Agreement to deliver any Collateral to the Collateral Agent shall be deemed satisfied 23 by the delivery of such Collateral to the Controlling Collateral Agent, as gratuitous bailee for the Secured Parties (as defined in the Equal Priority Intercreditor Agreement).

  • Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Grantors or any Subsidiary or other Affiliate thereof as if such Person were not the Controlling Collateral Agent hereunder and without any duty to account therefor to any other Secured Party.

  • Notwithstanding any other provision of this Agreement, the Controlling Collateral Agent shall not accept any Shared Collateral in full or partial satisfaction of any Equal Priority Obligations pursuant to Section 9-620 of the Uniform Commercial Code of any jurisdiction, without the consent of each Collateral Agent representing holders of Equal Priority Obligations for whom such Collateral constitutes Shared Collateral.

  • All such certificates representing Pledged Equity shall be delivered in suitable form for transfer by delivery or shall be accompanied by duly executed instruments of transfer or assignment in blank, substantially in the form provided in Exhibit 4(a)(ii) hereto or such other form as may be reasonably acceptable to the Controlling Collateral Agent.


More Definitions of Controlling Collateral Agent

Controlling Collateral Agent means (i) with respect to Collateral that is also subject to Liens granted under any First Lien Document: at all times prior to the First Pledge Lien Termination Date, the Administrative Agent and, thereafter, the Note Collateral Agent; and (ii) with respect to Collateral that is not subject to any Lien granted under any First Lien Document: at all times, the Note Collateral Agent.
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Controlling Collateral Agent has the meaning given to such term in the First Lien Intercreditor Agreement.
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Controlling Collateral Agent means the “Applicable Authorized Representative” as defined in the Pari Passu Intercreditor Agreement.
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Controlling Collateral Agent means, with respect to any Shared Collateral, (1) until the earlier of (a) the Discharge of Cash Flow Pari Passu Priority Obligations that are Term Loan Obligations and (b) the Non-Controlling Collateral Agent Enforcement Date, the Term Loan Collateral Agent and (2) from and after the earlier of (a) the Discharge of Cash Flow Pari Passu Priority Obligations that are Term Loan Obligations and (b) the Non-Controlling Collateral Agent Enforcement Date, the Major Non-Controlling Collateral Agent.
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Controlling Collateral Agent has the meaning set forth in the Equal Priority Intercreditor Agreement.
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Controlling Collateral Agent means, with respect to any Shared Collateral, (1) until the Controlling Collateral Agent Change Date, the Senior Credit Facilities Collateral Agent and (2) from and after the Controlling Collateral Agent Change Date, the Major Non-Controlling Collateral Agent.
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Controlling Collateral Agent means, with respect to any Shared Collateral, the Collateral Agent for the Series of First Lien Obligations that constitutes the largest outstanding aggregate principal amount of any then outstanding Series of First Lien Obligations with respect to such Shared Collateral (acting on the written instructions of the requisite holders of the applicable Series of First Lien Obligations). As of the date hereof, the Controlling Collateral Agent shall be the Notes Collateral Agent.
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