Examples of Agreement Among Lenders in a sentence
Negotiating an Agreement Among Lenders One difference between some intercreditor agreements and a unitranche AAL is that a unitranche credit agreement typically does not contain references to the intercreditor agreement, such as an override provision.
Unlike a second lien or split lien transaction, the documentation involves only a single credit agreement with a separate Agreement Among Lenders (“AAL”) that serves as the intercreditor agreement.
Focus – Agreement Among Lenders An AAL is essentially an intercreditor agreement, although, as mentioned above, its terms are usually kept confidential from the borrower, and, of course, strangers to the transaction.
In connection with the Prepetition Credit Agreement, certain of the Prepetition Lenders and the Prepetition Agent entered into that certain Agreement Among Lenders, dated as of July 6, 2017 (as amended, modified, restated, amended and restated, and/or supplemented from time to time, the “AAL”).
The Agreement Among Lenders and the Disbursement Agreement set forth the priority of payment between and among the Completion Loan Lenders and the Term Loan Lenders.