Common use of Junior Lien Intercreditor Agreement Clause in Contracts

Junior Lien Intercreditor Agreement. The ABL Facility Collateral Agent, the First-Lien Revolving Facility Collateral Agent, the Trustee and each Other First-Priority Lien Obligations Administrative Agent hereby appoint the ABL Facility Collateral Agent to act as “Intercreditor Agent” on their behalf pursuant to the Junior Lien Intercreditor Agreement (the “Intercreditor Agent”). The Intercreditor Agent, solely in such capacity under the Junior Lien Intercreditor Agreement, shall take direction from (i) the ABL Facility Collateral Agent, with respect to the ABL Priority Collateral, and (ii) the Applicable First-Lien Collateral Agent, with respect to the Notes Priority Collateral. The ABL Facility Collateral Agent, the First-Lien Revolving Facility Collateral Agent and the Trustee shall enter into Joinder and Supplement No. 5 to the Junior Lien Intercreditor Agreement as of the date hereof to appoint the Intercreditor Agent and to reflect certain other agreements relating thereto.

Appears in 1 contract

Samples: Indenture (Verso Paper Corp.)

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Junior Lien Intercreditor Agreement. The ABL Facility Collateral Agent, the First-Lien Revolving Facility Collateral Agent, the Trustee and each Other First-Priority Lien Obligations Administrative Agent hereby appoint the ABL Facility Collateral Agent to act as “Intercreditor Agent” on their behalf pursuant to the Junior Lien Intercreditor Agreement (the “Intercreditor Agent”). The Intercreditor Agent, solely in such capacity under the Junior Lien Intercreditor Agreement, shall take direction from (i) the ABL Facility Collateral Agent, with respect to the ABL Priority Collateral, and (ii) the Applicable First-Lien Collateral Agent, with respect to the Notes Priority Collateral. The ABL Facility Collateral Agent, the First-Lien Revolving Facility Collateral Agent and the Trustee shall enter into Joinder and Supplement No. 5 4 to the Junior Lien Intercreditor Agreement as of the date hereof to appoint the Intercreditor Agent and to reflect certain other agreements relating thereto.

Appears in 1 contract

Samples: Senior Lien Intercreditor Agreement (Verso Quinnesec REP Holding Inc.)

Junior Lien Intercreditor Agreement. The ABL Facility Collateral Agent, the First-Lien Revolving Facility Collateral Agent, the Trustee Applicable First-Lien Agent, each Other First-Priority Lien Obligations Representative and each Other First-Priority Lien Obligations Administrative Collateral Agent hereby appoint the ABL Facility Collateral Agent to act as “Intercreditor Agent” on their behalf pursuant to the Junior Lien Intercreditor Agreement Agreements (the “Intercreditor Agent”). The Intercreditor Agent, solely in such capacity under the Junior Lien Intercreditor Agreement, shall take direction from (i) the ABL Facility Collateral Agent, with respect to the ABL Priority Collateral, and (ii) the Applicable First-Lien Collateral Agent, with respect to the Notes Priority Collateral. The ABL Facility Collateral Agent, Agent and the First-Lien Revolving Facility Collateral Agent and the Trustee shall enter into Joinder and Supplement No. 5 a joinder to the each Junior Lien Intercreditor Agreement as of the date hereof to appoint the Intercreditor Agent and to reflect certain other agreements relating thereto.

Appears in 1 contract

Samples: Abl Intercreditor Agreement (Momentive Performance Materials Inc.)

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Junior Lien Intercreditor Agreement. The ABL Facility Collateral Agent, the First-Lien Revolving Facility Collateral Agent, the Trustee Applicable First-Lien Agent, each Other First-Priority Lien Obligations Representative and each Other First-Priority Lien Obligations Administrative Collateral Agent hereby appoint the ABL Facility Collateral Agent to act as “Intercreditor Agent” on their behalf pursuant to the Junior Lien Intercreditor Agreement Agreements (the “Intercreditor Agent”). The Intercreditor Agent, solely in such capacity under the Junior Lien Intercreditor Agreement, shall take direction from (i) the ABL Facility Collateral Agent, with respect to the ABL Priority Collateral, and (ii) the Applicable First-Lien Collateral Agent, with respect to the Notes Priority Collateral. The ABL Facility Collateral Agent, the Applicable First-Lien Revolving Facility Agent and each Senior First-Priority Collateral Agent and the Trustee shall enter into Joinder and Supplement No. 5 a joinder to the each Junior Lien Intercreditor Agreement as of the date hereof to appoint the Intercreditor Agent and to reflect certain other agreements relating thereto.

Appears in 1 contract

Samples: Abl Intercreditor Agreement (Momentive Specialty Chemicals Inc.)

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