Common use of Intercreditor Agreement; Consent Clause in Contracts

Intercreditor Agreement; Consent. (a) Each Revolver Secured Party hereby irrevocably authorizes the Agents, to enter into, or amend, any intercreditor agreement (including the Intercreditor Agreement) (or similar agreements with the same or similar purpose) as agent for and on behalf its behalf in accordance with the terms specified in this Agreement and agrees that the Agents, may take such actions on its behalf as is contemplated by the terms of any such intercreditor agreement (including the Intercreditor Agreement). Any such intercreditor agreement (including the Intercreditor Agreement) entered into by the Agents on behalf of the Revolver Secured Parties shall be binding upon each Revolver Secured Party. The Administrative Agent shall notify the Revolver Secured Parties of the effectiveness of the intercreditor agreement when executed and shall provide a copy of the executed intercreditor agreement to the Revolver Secured Parties as and when effective. (b) Each Revolver Secured Party hereby consents to the Collateral Agent executing an intercreditor agreement on behalf of the Revolver Secured Parties.

Appears in 4 contracts

Samples: Master Assignment Agreement and Fifth Amendment to Third Amended and Restated Credit Agreement (Natural Resource Partners Lp), Credit Agreement (Natural Resource Partners Lp), Credit Agreement

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Intercreditor Agreement; Consent. (a) Each Revolver Secured Party hereby irrevocably authorizes the Agents, at such Agent’s option and discretion, to enter intointo an, or amend, amend any intercreditor agreement (including the Intercreditor Agreement) Agreement (or similar agreements with the same or similar purpose) as agent for and on behalf its behalf in accordance with the terms specified in this Agreement. Any such Intercreditor Agreement entered into by the Agents on behalf of the Secured Parties shall be binding upon each Secured Party. Each Lender Party (and each Person that becomes a Lender Party hereunder pursuant to Section 10.06) and each other Secured Party hereby authorizes and directs the Administrative Agent and Collateral Agent to enter into the Intercreditor Agreement on behalf of such Secured Party and agrees that the Agents, may take such actions on its behalf as is contemplated by the terms of any such intercreditor agreement (including the Intercreditor Agreement). Any such intercreditor agreement (including the Intercreditor Agreement) entered into by the Agents on behalf of the Revolver Secured Parties shall be binding upon each Revolver Secured Party. The Administrative Agent shall notify the Revolver Secured Parties of the effectiveness of the intercreditor agreement Intercreditor Agreement when executed and shall provide a copy of the executed intercreditor agreement Intercreditor Agreement to the Revolver Secured Parties as and when effective. (b) Each Revolver Secured Party hereby consents to the Collateral Agent executing an intercreditor agreement the Intercreditor Agreement on behalf of the Revolver Secured Parties.

Appears in 2 contracts

Samples: Amendment Agreement (Foresight Energy Partners LP), Amendment Agreement (Foresight Energy Partners LP)

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Intercreditor Agreement; Consent. (a) Each Revolver Secured Party hereby irrevocably authorizes the Agents, to enter into, or amend, any intercreditor agreement (including the Intercreditor Agreement) (or similar agreements with the same or similar purpose) as agent for and on behalf its behalf in accordance with the terms specified in this Agreement and agrees that the Agents, may take such actions on its behalf as is contemplated by the terms of any such intercreditor agreement (including the Intercreditor Agreement). Any such intercreditor agreement (including the Intercreditor Agreement) entered into by the Agents on behalf of the Revolver Secured Parties shall be binding upon each Revolver Secured Party. The Administrative Agent shall notify the Revolver Secured Parties of the effectiveness of the intercreditor agreement when executed and shall provide a copy of the executed intercreditor agreement to the Revolver Secured Parties as and when effective. (b) Each Revolver Secured Party hereby consents to the Collateral Agent executing an intercreditor agreement on behalf of the Revolver Secured Parties.

Appears in 1 contract

Samples: Credit Agreement (Natural Resource Partners Lp)

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