Examples of First Lien Intercreditor Agreement in a sentence
Furthermore, the collateral agent or representative under the First Lien Intercreditor Agreement or the First/First-and-a-Half Lien Intercreditor Agreement may fail to act in a timely manner which could impair the recovery of holders of the PIK Notes.
Finally, the First Lien Intercreditor Agreement and the First/First-and-a-Half Lien Intercreditor Agreement provide for a waiver of certain important rights in bankruptcy or insolvency proceedings, including the right to object to debtor-in- possession financing.
When it’s out, put the fill port cap back on immediately before the opening freezes.
The First Lien Intercreditor Agreement was entered into on 14 December 2010 by the administrative agent under the Senior Secured Facilities, as representative for the secured parties under the Senior Secured Facilities, and by the collateral agent for the obligations under the indenture governing the Senior Secured Notes.
The trustee and collateral agent under the First Lien Notes Indenture, as representative of the holders of such notes, will accede to the First Lien Intercreditor Agreement, which establishes the relative priority of the liens securing the obligations under the indenture governing the Senior Secured Notes (so long as they remain secured), the indenture governing the First Lien Notes and the Senior Secured Facilities.