Example ContractsClausesIntercreditor Arrangements
Intercreditor Arrangements
Intercreditor Arrangements contract clause examples

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 Agreement. The Intercreditor Agreement shall for any reason be revoked or invalidated, or otherwise cease to be in full force and effect, or any party to such Intercreditor Agreement shall contest in writing, the validity or enforceability thereof or deny that it has any further liability or obligation thereunder, or the Liens securing the Obligations, for any reason shall not have the priority contemplated by the Intercreditor Agreement.

. 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 Agreements. The Administrative Agent is authorized to enter into the Intercreditor Agreement and the Pari Debt Intercreditor Agreement (and any amendments, amendments and restatements, restatements or waivers of or supplements or joinders to or other modifications to, and extensions, restructuring, renewals, replacements of, such agreements[[Cash Collateralize:Organization]] in connection with the incurrence of any Incremental Equivalent Debt, Credit Agreement Refinancing Indebtedness or any other Indebtedness permitted by the terms of this Agreement to be secured by the Collateral on a pari passu or junior priority secured basis, and the parties hereto acknowledge that each of the Intercreditor Agreement and the Pari Debt Intercreditor Agreement is (if entered into[[Cash Collateralize:Organization]] binding upon them. Each Lender # understands, acknowledges and agrees that Liens may be created on the Collateral pursuant to the documentation relating to any Indebtedness incurred as permitted by this Agreement which is (in accordance with the terms hereof[[Cash Collateralize:Organization]] to be secured thereby, on a pari passu, or junior secured basis to the Liens securing the Secured Obligations, which Liens securing any such other Indebtedness shall be subject to the terms and conditions of the Intercreditor Agreement and/or the Pari Debt Intercreditor Agreement executed and delivered as required hereby, # hereby agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreement and/or the Pari Debt Intercreditor Agreement (if entered into[[Cash Collateralize:Organization]], and # hereby authorizes and instructs the

. Each Lender hereby authorizes and directs the Administrative Agent # to enter into the Intercreditor Agreement on its behalf, perform the Intercreditor Agreement on its behalf and take any actions thereunder as determined by the Administrative Agent to be

Intercreditor Agreement. The applicable administrative agent or collateral agent for any lenders or other secured parties claiming a lien on the ABL Priority Collateral (as defined in the form Intercreditor Agreement attached hereto as EXHIBIT G), shall have executed and delivered such intercreditor agreement in the form attached with the MPT Parties (the "Intercreditor Agreement").

The Finance Parties may enter into an intercreditor agreement separately, provided that such agreement shall not prejudice any right or increase any obligation of the Borrower under this Agreement.

. 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 Agreement. Notwithstanding anything to the contrary in this Agreement, to the extent the terms of this Agreement and the ASG Intercreditor Agreement conflict, the terms of the ASG Intercreditor Agreement shall control.

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.

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