Common use of Intercreditor Agreement and Security Documents Clause in Contracts

Intercreditor Agreement and Security Documents. Each Lender hereby further authorizes the Administrative Agent, on behalf of and for the benefit of Secured Parties, without further authorization or consent of the Lenders, to enter into the Intercreditor Agreement, Amendment No. 1 to the Intercreditor Agreement in substantially in the form distributed to the Lenders, and each Security Document as secured party, exercise all the powers, rights and remedies under the Intercreditor Agreement and the other Security Documents for the benefit of Secured Parties in accordance with the terms thereof, and each Lender agrees to be bound by the terms of the Intercreditor Agreement and each such Security Document, provided that the Administrative Agent shall not enter into or consent to any amendment, modification, termination or waiver of any provision contained in any such Security Document or the Intercreditor Agreement except as otherwise permitted by Section 10.01.

Intercreditor Agreement and Security Documents. Each Lender hereby further authorizes the Administrative Agent, on behalf of and for the benefit of Secured Parties, without further authorization or consent of the Lenders, to enter into the Intercreditor Agreement, Amendment No. 1 to the Intercreditor Agreement in substantially the form distributed to the Lenders, Amendment No. 2 to the Intercreditor Agreement in substantially the form distributed to the Lenders, and each Security Document as secured party, exercise all the powers, rights and remedies under the Intercreditor Agreement and the other Security Documents for the benefit of Secured Parties in accordance with the terms thereof, and each Lender agrees to be bound by the terms of the Intercreditor Agreement and each such Security Document, provided that the Administrative Agent shall not enter into or consent to any amendment, modification, termination or waiver of any provision contained in any such Security Document or the Intercreditor Agreement except as otherwise permitted by Section 10.01.