Common use of Additional Intercreditor Agreement Clause in Contracts

Additional Intercreditor Agreement. (a) At the request of the Issuer, at the time of, or prior to, the incurrence of any Indebtedness that is permitted to share the Collateral, the Issuer, the relevant Guarantors, the Trustee and the Security Agent shall enter into an additional intercreditor agreement on terms substantially similar to the Intercreditor Agreement or an amendment to the Intercreditor Agreement (which amendment does not adversely affect the rights of the Noteholders); provided that such Intercreditor Agreement or additional intercreditor agreement will not impose any personal obligations on the Trustee or the Security Agent or adversely affect the rights, duties, liabilities or immunities of the Trustee under the Indenture or the Intercreditor Agreement.

Appears in 2 contracts

Samples: Indenture (Sappi LTD), Indenture (Sappi LTD)

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Additional Intercreditor Agreement. (a) At the request of the Issuer, at the time of, or prior to, the incurrence of any Indebtedness that is permitted to share the Collateral, the Issuer, the relevant Guarantors, the Trustee and the Security Agent shall enter into an additional intercreditor agreement on terms substantially similar to the Intercreditor Agreement or an amendment to the Intercreditor Agreement (which amendment does not adversely affect the rights of the NoteholdersHolders of the Notes); provided that such Intercreditor Agreement or additional intercreditor agreement will not impose any personal obligations on the Trustee or the Security Agent or adversely affect the rights, duties, liabilities or immunities of the Trustee under the Indenture or the Intercreditor Agreement.

Appears in 2 contracts

Samples: Indenture (Sappi LTD), Indenture (Sappi LTD)

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Additional Intercreditor Agreement. (a) At the request of the Issuer, at the time of, or prior to, the incurrence Incurrence of any Indebtedness that is permitted to share the Collateral, the Issuer, the relevant Guarantors, the Trustee and the Security Agent Trustee shall enter into an additional intercreditor agreement on terms substantially similar to the Intercreditor Agreement or an amendment to the Intercreditor Agreement (which amendment does not adversely affect the rights of the NoteholdersHolders); provided that such Intercreditor Agreement or additional intercreditor agreement will shall not impose any personal obligations on the Trustee or the Security Agent Trustee or adversely affect the rights, duties, liabilities or immunities of the Trustee under the this Indenture or the Intercreditor Agreement.

Appears in 1 contract

Samples: Indenture (InterXion Holding N.V.)

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