Common use of Consent to Intercreditor Agreement Clause in Contracts

Consent to Intercreditor Agreement. Each Lender, by its acceptance of the benefits of the Collateral Documents creating Liens to secure the Obligations: (a) acknowledges that it has received a copy of the Intercreditor Agreement and is satisfied with the terms and provisions thereof; (a) authorizes and instructs Collateral Agent to (i) enter into the Intercreditor Agreement, as Collateral Agent and on behalf of such Lender, (ii) to exercise all of Collateral Agent’s rights and to comply with all of its obligations under the Intercreditor Agreement and to take all other actions necessary to carry out the provisions and intent thereof and (iii) to take actions on its behalf in accordance with the terms of the Intercreditor Agreement; (c) (b) agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreement as if it was a signatory thereto; (d) (c) consents to the treatment of Liens provided for under the Intercreditor Agreement and in furtherance thereof authorizes the Collateral Agent to subordinate the liens on the Collateral securing the Obligations (other than liens on Term Priority Collateral (as defined in the Intercreditor Agreement)) in accordance with the terms set forth in the Intercreditor Agreement;

Consent to Intercreditor Agreement. Each Lender, by its acceptance of the benefits of the Collateral Documents creating Liens to secure the Obligations: (a) acknowledges that it has received a copy of the Intercreditor Agreement and is satisfied with the terms and provisions thereof; (a) authorizes and instructs Collateral Agent to (i) enter into the Intercreditor Agreement, as Collateral Agent and on behalf of such Lender, (ii) to exercise all of Collateral Agent’s rights and to comply with all of its obligations under the Intercreditor Agreement and to take all other actions necessary to carry out the provisions and intent thereof and (iii) to take actions on its behalf in accordance with the terms of the Intercreditor Agreement; (c) (b) agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreement as if it was a signatory thereto; (d) (c) consents to the treatment of Liens provided for under the Intercreditor Agreement and in furtherance thereof authorizes the Collateral Agent to subordinate the liens on the Collateral securing the Obligations (other than liens on Term Priority Collateral (as defined in the Intercreditor Agreement)) in accordance with the terms set forth in the Intercreditor Agreement; (d) authorizes and directs Collateral Agent to execute and deliver, in each case on behalf of such Secured Party and without any further consent or authorization from such Lender, any amendments, supplements or other modifications of the Intercreditor Agreement that the Borrowers may from time to time request to give effect to any incurrence, amendment, or refinancing of any Indebtedness incurred pursuant to clause (j) of Permitted Indebtedness; and (e) agrees that no Lender shall have any right of action whatsoever against Collateral Agent as a result of any action taken by Collateral Agent pursuant to this Section 10.23 or in accordance with the terms of the Intercreditor Agreement.

Consent to Intercreditor Agreement. Each Term Lender, by its acceptance of the benefits of this Agreement and the other Collateral Documents creating Liens to secure the Obligations: (a) acknowledges that it has received a copy of the Intercreditor Agreement and is satisfied with the terms and provisions thereof; (ab) authorizes and instructs Collateral the Term Agent to (i) enter into the Intercreditor Agreement, as Collateral Agent agent and on behalf of such LenderXxxx Xxxxxx, (ii) to exercise all of Collateral Term Agent’s rights and to comply with all of its obligations under the Intercreditor Agreement and to take all other actions necessary to carry out the provisions and intent thereof and (iii) to take actions on its behalf in accordance with the terms of the Intercreditor Agreement; (c) (b) agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreement Agreement, in each case, as if it was a signatory thereto; (d) (c) consents to the treatment of Liens provided for under the Intercreditor Agreement and in furtherance thereof authorizes the Collateral Term Agent, (e) authorizes and directs the Term Agent to subordinate the liens execute and deliver, in each case on the Collateral securing the Obligations (behalf of such Secured Party and without any further consent or authorization from such Xxxx Xxxxxx, any amendments, supplements or other than liens on Term Priority Collateral (as defined in modifications of the Intercreditor Agreement); and (f) agrees that no Term Lender shall have any right of action whatsoever against the Term Agent as a result of any action taken by the Term Agent pursuant to this Section 9.5 or in accordance with the terms set forth in of the Intercreditor Agreement;.