First Priority Agent definition

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First Priority Agent means the Administrative Agent and any successor designated as such by the holders of First Priority Claims.

First Priority Agent shall have the meaning assigned to such term in the preamble to this Agreement.

Examples of First Priority Agent in a sentence

Each First Priority Agent may demand specific performance of this Agreement.
Without limiting the foregoing, the First Priority Agent shall have no obligation or responsibility to ensure that any Pledged or Controlled Collateral is genuine or owned by any of the Grantors.
The Second Priority Agent, on behalf of itself and each applicable Second Priority Lender, acknowledges that it and the applicable Second Priority Lenders are not entitled to rely on any credit decision or other decisions made by the First Priority Agent or any First Priority Lender in taking or not taking any action under the applicable Second Priority Document or this Agreement.
The First Priority Agent acting pursuant to this Article V shall not, by reason of this Agreement, any other Security Document or any other document, have a fiduciary relationship in respect of any other First Priority Secured Party, the Second Priority Agent or any other Second Priority Secured Party.
Each Second Priority Agent, on behalf of itself and each applicable Second Priority Lender, hereby irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific performance in any action that may be brought by the First Priority Agent.

First Priority Agent has the meaning assigned to that term in the Recitals to this Agreement.

First Priority Agent has the meaning given to the term “Controlling Collateral Agent” in the First Lien Priority Intercreditor Agreement.

First Priority Agent has the meaning assigned to such term in the Intercreditor Agreement.

First Priority Agent means JPMorgan Chase Bank, N.A., in its capacity as Administrative Agent under the First Priority Credit Agreement, and any successor First Priority Agent appointed thereunder.

First Priority Agent has the meaning set forth in the preamble.