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Intercreditor Agreement Among Group Lenders
Intercreditor Agreement Among Group Lenders contract clause examples

. Reference is made to the Intercreditor Agreement Among Group Lenders. Each Lender, on behalf of itself and its Affiliates (as other Secured Parties accepting the benefits of the Security Documents[[Borrower:Organization]], with respect to Group Commitments, Group Loans and Group Secured Obligations hereunder and under the Group Loan Documents # acknowledges that it has received a copy of the Intercreditor Agreement Among Group Lenders, # agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreement Among Group Lenders, # authorizes and instructs the Administrative Agent to enter into the Intercreditor Agreement Among Group Lenders as the Administrative Agent and on behalf of such Lender and its Affiliates (as other Secured Parties accepting the benefits of the Security Documents[[Borrower:Organization]] and # agrees that it will not effect any assignment or participation under [Section 10.06] or otherwise unless such assignment or participation is expressly subject to the Intercreditor Agreement Among Group Lenders.

. Reference is made to the Intercreditor Agreement Among Group Lenders. Each Lender, on behalf of itself and its Affiliates (as other Secured Parties accepting the benefits of the Security Documents[[Borrower:Organization]], with respect to Group Commitments, Group Loans and Group Secured Obligations hereunder and under the Group Loan Documents # acknowledges that it has received a copy of the Intercreditor Agreement Among Group Lenders, # agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreement Among Group Lenders, # authorizes and instructs the Administrative Agent to enter into the Intercreditor Agreement Among Group Lenders as the Administrative Agent and on behalf of such Lender and its Affiliates (as other Secured Parties accepting the benefits of the Security Documents[[Borrower:Organization]] and # agrees that it will not effect any assignment or participation under [Section 10.06] or otherwise unless such assignment or participation is expressly subject to the Intercreditor Agreement Among Group Lenders.

Intercreditor Arrangements Reference is made to the Intercreditor Agreement Among Group Lenders. Each Lender, on behalf of itself and its Affiliates (as other Secured Parties accepting the benefits of the Security Documents[[Borrower:Organization]], with respect to Group Commitments, Group Loans and Group Secured Obligations hereunder and under the Group Loan Documents # acknowledges that it has received a copy of the Intercreditor Agreement Among Group Lenders, # agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreement Among Group Lenders, # authorizes and instructs the Administrative Agent to enter into the Intercreditor Agreement Among Group Lenders as the Administrative Agent and on behalf of such Lender and its Affiliates (as other Secured Parties accepting the benefits of the Security Documents[[Borrower:Organization]] and # agrees that it will not effect any assignment or participation under [Section 10.06] or otherwise unless such assignment or participation is expressly subject to the Intercreditor Agreement Among Group Lenders.

Intercreditor Arrangements. Reference is made to the Intercreditor Agreement Among Group Lenders. Each Lender, on behalf of itself and its Affiliates (as other Secured Parties accepting the benefits of the Security Documents[[Borrower:Organization]], with respect to Group Commitments, Group Loans and Group Secured Obligations hereunder and under the Group Loan Documents # acknowledges that it has received a copy of the Intercreditor Agreement Among Group Lenders, # agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreement Among Group Lenders, # authorizes and instructs the Administrative Agent to enter into the Intercreditor Agreement Among Group Lenders as the Administrative Agent and on behalf of such Lender and its Affiliates (as other Secured Parties accepting the benefits of the Security Documents[[Borrower:Organization]] and # agrees that it will not effect any assignment or participation under Section 10.06 or otherwise unless such assignment or participation is expressly subject to the Intercreditor Agreement Among Group Lenders.

Intercreditor Arrangements. Reference is made to the Intercreditor Agreement Among Group Lenders. Each Lender, on behalf of itself and its Affiliates (as other Secured Parties accepting the benefits of the Security Documents[[Borrower:Organization]], with respect to Group Commitments, Group Loans and Group Secured Obligations hereunder and under the Group Loan Documents # acknowledges that it has received a copy of the Intercreditor Agreement Among Group Lenders, # agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreement Among Group Lenders, # authorizes and instructs the Administrative Agent to enter into the Intercreditor Agreement Among Group Lenders as the Administrative Agent and on behalf of such Lender and its Affiliates (as other Secured Parties accepting the benefits of the Security Documents[[Borrower:Organization]] and # agrees that it will not effect any assignment or participation under [Section 10.06] or otherwise unless such assignment or participation is expressly subject to the Intercreditor Agreement Among Group Lenders.

Intercreditor Arrangements Reference is made to the Intercreditor Agreement Among Group Lenders. Each Lender, on behalf of itself and its Affiliates (as other Secured Parties accepting the benefits of the Security Documents[[WXXA Borrower:Organization]], with respect to Group Commitments, Group Loans and Group Secured Obligations hereunder and under the Group Loan Documents # acknowledges that it has received a copy of the Intercreditor Agreement Among Group Lenders, # agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreement Among Group Lenders, # authorizes and instructs the Administrative Agent to enter into the Intercreditor Agreement Among Group Lenders as the Administrative Agent and on behalf of such Lender and its Affiliates (as other Secured Parties accepting the benefits of the Security Documents[[WXXA Borrower:Organization]] and # agrees that it will not effect any assignment or participation under [Section 10.06] or otherwise unless such assignment or participation is expressly subject to the Intercreditor Agreement Among Group Lenders.

SECTION # Intercreditor Agreement. Each of the Lenders and the Issuing Bank and, by accepting the benefits of the Security Documents, each Secured Party that is not a party hereto, hereby agrees that the Administrative Agent and/or Collateral Agent may enter into any intercreditor agreement and/or subordination agreement pursuant to, or contemplated by, the terms of this Agreement (including with respect to Indebtedness permitted pursuant to Section 6.01 and defined terms referenced therein) on its behalf and agrees to be bound by the terms thereof and, in each case, consents and agrees to the appointment of the Administrative Agent (or its affiliated designee, representative or agent) on its behalf as collateral agent, respectively, thereunder.

SECTION #17Intercreditor Agreement. Each of the Lenders and each Issuing Bank and, by accepting the benefits of the Security Documents, each Secured Party that is not a party hereto, hereby agrees that the Administrative Agent and/or Collateral Agent may enter into any intercreditor agreement and/or subordination agreement pursuant to, or contemplated by, the terms of this Agreement (including with respect to Indebtedness permitted pursuant to [Section 6.01] and defined terms referenced therein) on its behalf and agrees to be bound by the terms thereof and, in each case, consents and agrees to the appointment of the Administrative Agent (or its affiliated designee, representative or agent) on its behalf as collateral agent, respectively, thereunder.

“Reference is made to the Intercreditor Agreement dated as of May 7, 2019, (as amended, restated, supplemented or otherwise modified from time to time, the “Intercreditor Agreement”), among [[ABL Agent:Organization]], as ABL Agent, [[CLMG:Organization]], as Term Loan Agent (as defined therein) and each other party from time to time party thereto. Each Secured Party hereunder (a) acknowledges that it has received a copy of the Intercreditor Agreement, (b) consents to the subordination of Liens provided for in the Intercreditor Agreement, (c) agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreement and (d) authorizes and instructs the [Administrative Agent] to enter into the Intercreditor Agreement as Agent and on behalf of such Secured Party. The foregoing provisions are intended as an inducement to the secured parties under the [First Lien]​ Credit Agreement to permit the incurrence of Indebtedness under this Agreement and to extend credit to the Borrower and such Secured Parties are intended third party beneficiaries of such provisions.”

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