Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents and the other First Lien Claimholders and the Second Lien Collateral Agents and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of: (a) any lack of validity or enforceability of any First Lien Documents or any Second Lien Documents; (b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Document or any Second Lien Document; (c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty thereof; (d) the commencement of any Insolvency or Liquidation Proceeding in respect of any Obligor; or (e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, any Obligor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations in respect of this Agreement.
Appears in 8 contracts
Samples: Credit Agreement (Nuvei Corp), Credit Agreement (Certara, Inc.), Credit Agreement (Ceridian HCM Holding Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents and the other First Lien Claimholders Senior Lenders, and the Second Lien Collateral Priority Agents and the other Second Lien ClaimholdersPriority Secured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Senior Lender Documents or any Second Lien Priority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations Senior Lender Claims or Second Lien ObligationsPriority Claims, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any First Lien other Senior Lender Document or of the terms of the Second Priority Senior Secured Notes Indenture or any other Second Lien Priority Document;
(c) any exchange of any security interest in any Common Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations Senior Lender Claims or Second Lien Obligations Priority Claims or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which that otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any First Lien Collateral Agentthe Senior Lender Claims, any other First Lien Claimholder, the First Lien Obligations, or of any Second Lien Collateral Agent, Priority Agent or any other Second Lien Claimholder or the Second Lien Obligations Priority Secured Party in respect of this Agreement.
Appears in 7 contracts
Samples: Second Lien Intercreditor Agreement, Second Lien Intercreditor Agreement (Vici Properties Inc.), Intercreditor Agreement (Berry Plastics Group Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Intercreditor Agent and the Senior Lenders, and the Second-Priority Agents and the other First Lien Claimholders and the Second Lien Collateral Agents and the other Second Lien ClaimholdersSecond-Priority Secured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Senior Lender Documents or any Second Lien Second-Priority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations Senior Lender Claims or Second Lien ObligationsSecond-Priority Claims, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Senior Credit Agreement or any First Lien other Senior Lender Document or of the terms of the 1-1/2 Lien Notes Indenture or any Second Lien other Second-Priority Document;
(c) any exchange of any security interest in any Common Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations Senior Lender Claims or Second Lien Obligations Second-Priority Claims or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which that otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of the Senior Lender Claims, or of any First Lien Collateral Agent, Second-Priority Agent or any other First Lien Claimholder, the First Lien Obligations, any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations Second-Priority Secured Party in respect of this Agreement.
Appears in 5 contracts
Samples: Intercreditor Agreement, Joinder and Supplement to Intercreditor Agreement (Momentive Performance Materials Inc.), Intercreditor Agreement (Momentive Performance Materials Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders and the Second Lien Collateral Agents Agent and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Loan Documents or any Second Lien Loan Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Loan Document or any Second Lien Loan Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any the First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, any First Lien Claimholder, the Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations or any Second Lien Claimholder in respect of this Agreement.
Appears in 5 contracts
Samples: Credit Agreement (RadNet, Inc.), Second Lien Credit and Guaranty Agreement (X Rite Inc), First Lien Credit and Guaranty Agreement (X Rite Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Priority Agent and the other First Lien Claimholders Priority Creditors and the Second Lien Collateral Agents Priority Agent and the other Second Lien ClaimholdersPriority Creditors, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Priority Loan Documents or any Second Lien Priority Loan Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Priority Obligations or Second Lien Priority Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Priority Loan Document or any Second Lien Priority Loan Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Priority Obligations or Second Lien Priority Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Borrowers or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Borrowers or any Obligor other Grantor in respect of any the First Lien Collateral Priority Agent, any other First Lien Claimholder, the First Lien Priority Obligations, any First Priority Creditor, the Second Lien Collateral Priority Agent, any other Second Lien Claimholder or the Second Lien Obligations Priority Obligations, or any Second Priority Creditor, in respect of this Agreement.
Appears in 4 contracts
Samples: Intercreditor Agreement (Gener8 Maritime, Inc.), Intercreditor Agreement (Gener8 Maritime, Inc.), Intercreditor Agreement (Gener8 Maritime, Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First First-Lien Collateral Agents Agent and the other First First-Lien Claimholders Creditors and the Second Second-Lien Collateral Agents Agent and the other Second Second-Lien ClaimholdersCreditors, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First First-Lien Documents Document or any Second Second-Lien DocumentsNotes Document;
(b) except as otherwise set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First First-Lien Obligations or Second Second-Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First First-Lien Document or any Second Second-Lien Notes Document;
(c) except as otherwise set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First First-Lien Obligations or Second Second-Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Borrower or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Borrower or any Obligor other Grantor (other than payment in full under the terms of the First-Lien Credit Agreement and/or the Second-Lien Indenture, as applicable) in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First First-Lien Obligations, any Second or of the Second-Lien Collateral Agent, Agent or any other Second Second-Lien Claimholder or the Second Lien Obligations Creditor in respect of this Agreement.
Appears in 3 contracts
Samples: Intercreditor Agreement (Trico Marine Services Inc), Intercreditor Agreement (Trico Marine Services Inc), Intercreditor Agreement (Trico Marine Services Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First U.S. First-Lien Collateral Agents Agent and the other First First-Lien Claimholders Creditors and the Second Second-Lien Collateral Agents Agent and the other Second Second-Lien ClaimholdersCreditors, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First First-Lien Documents Document or any Second Second-Lien DocumentsLoan Document;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First First-Lien Obligations or Second Second-Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First First-Lien Document or any Second Second-Lien Loan Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First First-Lien Obligations or Second Second-Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Parent Borrower or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Parent Borrower or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First First-Lien Obligations, any Second or of the Second-Lien Collateral Agent, Agent or any other Second Second-Lien Claimholder or the Second Lien Obligations Creditor in respect of this Agreement.
Appears in 3 contracts
Samples: Second Lien Term Loan Credit Agreement (RSC Holdings Inc.), Credit Agreement (RSC Holdings Inc.), Intercreditor Agreement (RSC Holdings Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Priority Agent and the other First Lien Claimholders Priority Secured Parties, and the Second Lien Collateral Agents Priority Agent and the other Second Lien ClaimholdersPriority Secured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Priority Documents or any Second Lien Priority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Priority Obligations or Second Lien Priority Obligations, or any amendment or waiver or other modification, including including, subject to Sections 4.2 and 4.3 hereof, any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the ABL Credit Agreement or any First Lien other ABL Loan Document or of the terms of the Term Loan/Notes Agreements or any Second Lien other Term Loan/Notes Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Priority Obligations or Second Lien Priority Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Borrower or any Obligorother Grantor; or
(e) any other circumstances which that otherwise might constitute a defense available to, or a discharge of, the Borrower or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Priority Obligations, or of any Second Lien Collateral Agent, Priority Agent or any other Second Lien Claimholder or the Second Lien Obligations Priority Secured Parties in respect of this Agreement.
Appears in 3 contracts
Samples: Abl Intercreditor Agreement (Community Health Systems Inc), Abl Intercreditor Agreement (Community Health Systems Inc), Abl Intercreditor Agreement (Community Health Systems Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders Lenders and the Second Lien Collateral Agents Agent and the other Second Lien ClaimholdersNoteholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Lender Documents or any Second Lien Noteholder Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations Debt or Second Lien ObligationsNoteholder Debt, or any amendment or waiver or other modificationmodification (including, including without limitation, any increase in the amount thereof, whether by course of conduct or otherwise, ) of the terms of any the First Lien Credit Agreement or any other First Lien Lender Document or of the terms of the Indenture or any Second Lien other Noteholder Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations Debt or Second Lien Obligations Noteholder Debt or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of any Obligor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, any Obligor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, of the First Lien ObligationsDebt, any Second Lien Collateral Agent, any other Second Lien Claimholder or of the Second Lien Obligations Agent or any other Noteholder in respect of this Agreement. Nothing in this Section 8.4 shall be construed as a consent or waiver by the First Lien Agent or any other First Lien Lender to any action by the Second Lien Agent or the other Noteholders or under any of the Noteholder Documents that is not otherwise permitted under the First Lien Lender Documents.
Appears in 3 contracts
Samples: Intercreditor Agreement (Gencorp Inc), Credit Agreement (Gencorp Inc), Credit Agreement (Gencorp Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien First-Priority Collateral Agents Agent and the other First Lien Claimholders First-Priority Secured Parties, and the Second Lien Collateral Agents Second-Priority Representatives and the other Second Lien ClaimholdersSecond-Priority Secured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien First-Priority Documents or any Second Lien Second-Priority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien First-Priority Obligations or Second Lien Second-Priority Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any the First Lien Administrative Agent or any other First-Priority Document or any of the terms of the Second Lien Indenture or any other Second-Priority Document;
(c) any exchange of any security interest in any Common Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien First-Priority Obligations or Second Lien Second-Priority Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which that otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien First-Priority Obligations, or of any Second Lien Collateral Agent, Second-Priority Representative or any other Second Lien Claimholder or the Second Lien Obligations Second-Priority Secured Party in respect of this Agreement.
Appears in 3 contracts
Samples: Supplemental Indenture, Credit Agreement (Windstream Holdings, Inc.), Supplemental Indenture (Windstream Holdings, Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders Secured Parties, and the Second Lien Collateral Agents Agent and the other Second Lien ClaimholdersSecured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Documents or any Second Lien Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or the Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any the First Lien Document Documents or any of the terms of the Second Lien DocumentDocuments;
(c) any exchange of any security interest in any Common Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or the Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Pledgor; or
(e) any other circumstances which that otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Pledgor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, or of the Second Lien Agent or any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations Secured Party in respect of this Agreement.
Appears in 3 contracts
Samples: Credit Agreement (Talos Energy Inc.), Intercreditor Agreement (Talos Energy Inc.), Credit Agreement (Talos Energy Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First First-Lien Collateral Agents Agent and the other First First-Lien Claimholders Secured Parties and the Second Second-Lien Collateral Agents Agent and the other Second Second-Lien ClaimholdersSecured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First First-Lien Documents Document or any Second Second-Lien DocumentsLoan Document;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First First-Lien Obligations or Second Second-Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First First-Lien Document or any Second Second-Lien Loan Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First First-Lien Obligations or Second Second-Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Borrower or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Borrower or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First First-Lien Obligations, or of the Second-Lien Agent or any Second Second-Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations Secured Party in respect of this Agreement.
Appears in 3 contracts
Samples: First Lien Credit Agreement (GSE Holding, Inc.), Second Lien Credit Agreement (GSE Holding, Inc.), Intercreditor Agreement (GSE Holding, Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Obligations Representatives and the other First Lien Claimholders Obligations Secured Parties, and the Second Lien Collateral Agents Obligations Representatives and the other Second Lien ClaimholdersObligations Secured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Obligations Documents or any Second Lien Obligations Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or the Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any the First Lien Facility Documents or any Other First Lien Obligations Document or any of the terms of the Second Lien Facility Documents or any Other Second Lien Obligations Document;
(c) any exchange of any security interest in any Common Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or the Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Pledgor; or
(e) any other circumstances which that otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Pledgor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, or of any Second Lien Collateral Agent, Obligations Representative or any other Second Lien Claimholder or the Second Lien Obligations Secured Party in respect of this Agreement.
Appears in 3 contracts
Samples: Intercreditor Agreement, First Lien/Second Lien Intercreditor Agreement (ADT, Inc.), First Lien/Second Lien Intercreditor Agreement (ADT, Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Representative and the other First Lien Claimholders Secured Parties, and the Second Junior Lien Collateral Agents Representative and the other Second Junior Lien ClaimholdersSecured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Documents or any Second Lien Junior Priority Documents; or any lack of or other matter relating to the validity, enforceability, perfection or priority of any lien creating or existing or purported to be creating or existing thereunder;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Junior Priority Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Document or of the terms of any Second Lien Junior Priority Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Junior Priority Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which that otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, any Second Lien Collateral Agent, any other Second Lien Claimholder Obligations or the Second Lien Junior Priority Obligations in respect of this Agreement.
Appears in 3 contracts
Samples: Junior Priority Intercreditor Agreement, Junior Priority Intercreditor Agreement (J C Penney Co Inc), Junior Priority Intercreditor Agreement
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien First-Priority Collateral Agents Agent and the other First Lien Claimholders First-Priority Secured Parties, and the Second Lien Collateral Agents Second-Priority Representatives and the other Second Lien ClaimholdersSecond-Priority Secured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien First-Priority Documents or any Second Lien Second-Priority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien First-Priority Obligations or Second Lien Second-Priority Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any First Lien other First-Priority Document or of the terms of the Initial Second-Priority Agreement or any Second Lien other Second-Priority Document;
(c) any exchange of any security interest in any Common Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien First-Priority Obligations or Second Lien Second-Priority Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which that otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien First-Priority Obligations, or of any Second Lien Collateral Agent, Second-Priority Representative or any other Second Lien Claimholder or the Second Lien Obligations Second-Priority Secured Party in respect of this Agreement.
Appears in 3 contracts
Samples: First Lien Credit Agreement (Cec Entertainment Inc), First Lien Credit Agreement (Hospitality Distribution Inc), First Lien Credit Agreement (McGraw-Hill Interamericana, Inc.)
Obligations Unconditional. All For so long as this Agreement is in full force and effect, all rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders and the Second Lien Collateral Agents Agent and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Debt Documents or any Second Lien Debt Documents;
(b) except as otherwise expressly restricted in this Agreement, any change in the time, manner manner, or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Debt Document or any Second Lien Debt Document;
(c) except as otherwise expressly restricted in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of any ObligorGrantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, any Obligor Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, any First Lien Claimholder, Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations or any Second Lien Claimholder in respect of this AgreementAgreement (other than indefeasible payment in full in cash of such obligations).
Appears in 3 contracts
Samples: Intercreditor Agreement, Intercreditor Agreement (Hutchinson Technology Inc), Intercreditor Agreement (Hutchinson Technology Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents and the other First Lien Claimholders Senior Lenders, and the Second Lien Collateral Priority Agents and the other Second Lien ClaimholdersPriority Secured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Senior Lender Documents or any Second Lien Priority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations Senior Lender Claims or Second Lien ObligationsPriority Claims, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any First Lien other Senior Lender Document or of the terms of the Second Priority Senior Secured Notes Indenture or any other Second Lien Priority Document;
(c) any exchange of any security interest in any Common Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations Senior Lender Claims or Second Lien Obligations Priority Claims or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Borrower or any Obligorother Grantor; or
(e) any other circumstances which that otherwise might constitute a defense available avail-able to, or a discharge of, the Borrower or any Obligor other Grantor in respect of any First Lien Collateral Agentthe Senior Lender Claims, any other First Lien Claimholder, the First Lien Obligations, or of any Second Lien Collateral Agent, Priority Agent or any other Second Lien Claimholder or the Second Lien Obligations Priority Secured Party in respect of this Agreement.
Appears in 3 contracts
Samples: Intercreditor Agreement (Aeroways, LLC), Credit Agreement (Aeroways, LLC), Credit Agreement (Cke Restaurants Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents and the other First Lien Claimholders Senior Lenders, and the Second Lien Collateral Priority Agents and the other Second Lien ClaimholdersPriority Secured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Senior Lender Documents or any Second Lien Priority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations Senior Lender Claims or Second Lien ObligationsPriority Claims, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any First Lien other Senior Lender Document or of the terms of the Second Priority Senior Secured Notes Indenture or any other Second Lien Priority Document;
(c) any exchange of any security interest in any Common Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations Senior Lender Claims or Second Lien Obligations Priority Claims or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of any ObligorBorrower or any other Grantor; or
(e) any other circumstances which that otherwise might constitute a defense available to, or a discharge of, the Borrower or any Obligor other Grantor in respect of any First Lien Collateral Agentthe Senior Lender Claims, any other First Lien Claimholder, the First Lien Obligations, or of any Second Lien Collateral Agent, Priority Agent or any other Second Lien Claimholder or the Second Lien Obligations Priority Secured Party in respect of this Agreement.
Appears in 3 contracts
Samples: Intercreditor Agreement (Matthews International Corp), Fifth Amendment Agreement (Eldorado Gold Corp /Fi), Credit Agreement (Eldorado Gold Corp /Fi)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders Secured Parties and the Second Lien Collateral Agents Agent and the other Second Lien ClaimholdersSecured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Loan Documents or any Second Lien DocumentsLoan Documents or the perfection of any liens thereunder;
(b) except as otherwise set forth in the Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Loan Document or any Second Lien Loan Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Borrowers or any Obligorother Loan Party; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Borrowers or any Obligor other Loan Party in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, or of the Second Lien Collateral Agent or any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations Secured Party in respect of this Agreement.
Appears in 3 contracts
Samples: Second Lien Credit Agreement (Emdeon Inc.), Second Lien Credit Agreement (Emdeon Inc.), First Lien Credit Agreement (Emdeon Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Representatives, the First Lien Collateral Agents and the other First Lien Claimholders Secured Parties and the Second Lien Representatives, the Second Lien Collateral Agents and the other Second Lien ClaimholdersSecured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Documents or any Second Lien Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Document or any Second Lien Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any First Lien Representative, any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, any First Lien Secured Party, any Second Lien Representative, any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations or any Second Lien Secured Party in respect of this Agreement.
Appears in 3 contracts
Samples: Fourth Amendment (Neiman Marcus Group LTD LLC), Term Loan Credit Agreement (Amneal Pharmaceuticals, Inc.), Revolving Credit Agreement (Amneal Pharmaceuticals, Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien First-Priority Collateral Agents Agent and the other First Lien Claimholders First-Priority Secured Parties, and the Second Lien Collateral Agents Second-Priority Representatives and the other Second Lien ClaimholdersSecond-Priority Secured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien First-Priority Documents or any Second Lien Second-Priority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien First-Priority Obligations or Second Lien Second-Priority Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any First Lien other First-Priority Document or of the terms of the Notes Indenture or any Second Lien other Second-Priority Document;
(c) any exchange of any security interest in any Common Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien First-Priority Obligations or Second Lien Second-Priority Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which that otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien First-Priority Obligations, or of any Second Lien Collateral Agent, Second-Priority Representative or any other Second Lien Claimholder or the Second Lien Obligations Second-Priority Secured Party in respect of this Agreement.
Appears in 3 contracts
Samples: First Lien/Second Lien Intercreditor Agreement (SFX Entertainment, INC), First Lien/Second Lien Intercreditor Agreement (DS Services of America, Inc.), Indenture (SFX Entertainment, INC)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien ABL Collateral Agent and the ABL Claimholders and the Fixed Asset Collateral Agents and the other First Lien Claimholders and the Second Lien Collateral Agents and the other Second Lien Fixed Asset Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien ABL Credit Documents or any Second Lien Fixed Asset Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien ABL Obligations or Second Lien Fixed Asset Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien ABL Credit Document or any Second Lien Fixed Asset Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien ABL Obligations or Second Lien Fixed Asset Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the any ObligorGrantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, any Obligor Grantor in respect of any First Lien the ABL Collateral Agent, the ABL Obligations, any other First Lien ABL Claimholder, the First Lien Obligations, any Second Lien Fixed Asset Collateral Agent, the Fixed Asset Obligations or any other Second Lien Fixed Asset Claimholder or the Second Lien Obligations in respect of this Agreement.
Appears in 3 contracts
Samples: Abl/Term Intercreditor Agreement (Ciena Corp), Abl Credit Agreement (Performance Sports Group Ltd.), Term Loan Credit Agreement (Performance Sports Group Ltd.)
Obligations Unconditional. All For so long as this Agreement is in full force and effect, all rights, interests, agreements agreements, and obligations of the First Lien Collateral Agents Creditor and the other First Lien Claimholders and the Second Lien Collateral Agents Creditor and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Documents or any Second Lien Documents;
(b) except as otherwise expressly restricted in this Agreement, any change in the time, manner manner, or place of payment of, or in any other terms of, all or any of the First Lien Obligations Debt or Second Lien ObligationsDebt, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Document or any Second Lien Document;
(c) except as otherwise expressly restricted in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations Debt or Second Lien Obligations Debt or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of any Obligorthe Debtor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, any Obligor to the Debtor in respect of any the First Lien Collateral AgentDebt, the First Lien Creditor, any other First Lien Claimholder, the First Lien Obligations, any Second Lien Collateral AgentDebt, the Second Lien Creditor, or any other Second Lien Claimholder or the Second Lien Obligations in respect of this AgreementClaimholder.
Appears in 3 contracts
Samples: Intercreditor Agreement (Boxlight Corp), Intercreditor Agreement (Boxlight Corp), Intercreditor Agreement (Boxlight Corp)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders Secured Parties, and the Second Junior Lien Collateral Agents Agent and the other Second Junior Lien ClaimholdersSecured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Documents or any Second Junior Lien Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Junior Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any other First Lien Document or of the terms of the Indenture or any Second other Junior Lien Document;
(c) any exchange of any security interest in any Common Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Junior Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which that otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, any Second Lien Collateral Agent, any other Second Lien Claimholder Obligations or the Second Junior Lien Obligations in respect of this Agreement.
Appears in 3 contracts
Samples: General Intercreditor Agreement, General Intercreditor Agreement (Marietta Surgical Center, Inc.), General Intercreditor Agreement (Building Materials Manufacturing Corp)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Administrative Agent and the other First Lien Claimholders Secured Parties and the Second Lien Collateral Agents Administrative Agent and the other Second Lien ClaimholdersSecured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Documents Loan Document or any Second Lien DocumentsLoan Document or any setting aside or avoidance of any Lien;
(b) except as otherwise set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Loan Document or any Second Lien Loan Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of any ObligorBorrower or any other Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, any Obligor Borrower or any other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, Obligations or of the Second Lien Administrative Agent or any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations Secured Party in respect of this Agreement.
Appears in 2 contracts
Samples: First Lien Credit Agreement (PGA Holdings, Inc.), First Lien Credit Agreement (PGA Holdings, Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Revolving Credit Collateral Agents Agent and the other First Lien Revolving Credit Claimholders and the Second Lien Term Loan Collateral Agents Agent and the other Second Lien Term Loan Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Revolving Credit Loan Documents or any Second Lien Term Loan Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Revolving Credit Obligations or Second Lien Term Loan Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Revolving Credit Loan Document or any Second Lien Term Loan Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Revolving Credit Obligations or Second Lien Term Loan Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the any ObligorGrantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, any Obligor Grantor in respect of any First Lien the Revolving Credit Collateral Agent, the Revolving Credit Obligations, any other First Lien Revolving Credit Claimholder, the First Lien Obligations, any Second Lien Term Loan Collateral Agent, the Term Loan Obligations or any other Second Lien Term Loan Claimholder or the Second Lien Obligations in respect of this Agreement.
Appears in 2 contracts
Samples: Credit Agreement (J Crew Group Inc), Intercreditor Agreement (J Crew Group Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Intercreditor Agent and the Senior Secured Parties, and the Second-Priority Agents and the other First Lien Claimholders and the Second Lien Collateral Agents and the other Second Lien ClaimholdersSecond-Priority Secured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Senior Lender Documents or any Second Lien Second-Priority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations Senior Lender Claims or Second Lien ObligationsSecond-Priority Claims, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Senior Credit Agreement or any First Lien other Senior Lender Document or of the terms of the Indenture or any Second Lien other Second-Priority Document;
(c) any exchange of any security interest in any Collateral Security Property or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations Senior Lender Claims or Second Lien Obligations Second-Priority Claims or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which that otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of the Senior Lender Claims, or of any First Lien Collateral Agent, Second-Priority Agent or any other First Lien Claimholder, the First Lien Obligations, any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations Second-Priority Secured Party in respect of this Agreement.
Appears in 2 contracts
Samples: Lien Subordination and Intercreditor Agreement, Lien Subordination and Intercreditor Agreement (Petroquest Energy Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders Creditors and the Second Lien Collateral Agents and the other Second Lien ClaimholdersCreditors, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Documents or any Second Lien Documents;
(b) except, in each case, as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Document or any Second Lien Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of any ObligorCredit Party; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, (i) any Obligor Credit Party in respect of any the First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, any Second First Lien Collateral AgentCreditor, any other Second Lien Claimholder or the Second Lien Obligations Agents, the Second Lien Obligations, or any Second Lien Creditor, or (ii) any First Lien Creditor in respect of this Agreement, or (iii) any Second Lien Creditor in respect of this Agreement.
Appears in 2 contracts
Samples: Subordination and Intercreditor Agreement (AgileThought, Inc.), Subordination and Intercreditor Agreement (AgileThought, Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Senior Lien Collateral Agents Agent and the other First Senior Lien Claimholders and the Second Junior Lien Collateral Agents Agent and the other Second Junior Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Senior Lien Loan Documents or any Second Junior Lien Loan Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Senior Lien Obligations or Second Junior Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Senior Lien Loan Document or any Second Junior Lien Loan Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Senior Lien Obligations or Second Junior Lien Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any First the Senior Lien Collateral Agent, the Senior Lien Obligations, any other First Senior Lien Claimholder, the First Lien Obligations, any Second Junior Lien Collateral Agent, the Junior Lien Obligations or any other Second Junior Lien Claimholder or the Second Lien Obligations in respect of this Agreement.
Appears in 2 contracts
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders and the Second Lien Subordinated Collateral Agents Trustee and the other Second Subordinated Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Documents or any Second Subordinated Lien Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Subordinated Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Document or any Second Subordinated Lien Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Subordinated Lien Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any the First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, any Second First Lien Claimholder, the Subordinated Collateral AgentTrustee, the Subordinated Lien Obligations or any other Second Subordinated Lien Claimholder or the Second Lien Obligations in respect of this Agreement.
Appears in 2 contracts
Samples: First and Subordinated Lien Intercreditor Agreement (CVR Energy Inc), Credit and Guaranty Agreement (CVR Energy Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First First-Lien Collateral Agents Agent and the other First First-Lien Claimholders Creditors and the Second Second-Lien Collateral Agents Agent and the other Second Second-Lien ClaimholdersCreditors, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First First-Lien Documents Credit Document or any Second Second-Lien DocumentsDocument;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First First-Lien Obligations or Second Second-Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First First-Lien Document or any Second Second-Lien Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First First-Lien Obligations or Second Second-Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Borrower or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense (other than the defense of payment in full) available to, or a discharge of, the Borrower or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First First-Lien Obligations, any Second or of the Second-Lien Collateral Agent, Agent or any other Second Second-Lien Claimholder or the Second Lien Obligations Creditor in respect of this Agreement.
Appears in 2 contracts
Samples: Intercreditor Agreement (Nuveen Investments Holdings, Inc.), Credit Agreement (Nuveen Investments Inc)
Obligations Unconditional. All For so long as this Agreement is in full force and effect, all rights, interests, agreements agreements, and obligations of the First Lien Collateral Agents Creditor and the other First Lien Claimholders and the each Second Lien Collateral Agents Creditor and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Documents or any Second Lien Documents;
(b) except as otherwise expressly restricted in this Agreement, any change in the time, manner manner, or place of payment of, or in any other terms of, all or any of the First Lien Obligations Debt or Second Lien ObligationsDebt, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Document or any Second Lien Document;
(c) except as otherwise expressly restricted in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations Debt or Second Lien Obligations Debt or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of any Obligorthe Debtor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, any Obligor to the Debtor in respect of any the First Lien Collateral AgentDebt, the First Lien Creditor, any other First Lien Claimholder, the First Lien Obligations, any Second Lien Collateral AgentDebt, the Second Lien Creditors, or any other Second Lien Claimholder or the Second Lien Obligations in respect of this AgreementClaimholder.
Appears in 2 contracts
Samples: Intercreditor Agreement (Boxlight Corp), Intercreditor Agreement (Boxlight Corp)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Representatives, the First Lien Collateral Agents and the other First Lien Claimholders and the Second Lien Representatives, the Second Lien Collateral Agents and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Loan Documents or any Second Lien Loan Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Loan Document or any Second Lien Loan Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any First Lien Representative, any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, any First Lien Claimholder, any Second Lien Representative, any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations or any Second Lien Claimholder in respect of this Agreement.
Appears in 2 contracts
Samples: Second Lien Intercreditor Agreement, Credit Agreement (Enviva Partners, LP)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders, the Second Lien Collateral Agent and the Second Lien Claimholders and the Second Third Lien Collateral Agents and the other Second Lien ClaimholdersClaimholder, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Documents or any Credit Document, Second Lien DocumentsCredit Document or Third Lien Credit Document;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations, the Second Lien Obligations or Second the Third Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Credit Document, Second Lien Credit Document or any Second Third Lien Credit Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations, the Second Lien Obligations or Second the Third Lien Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of any ObligorGrantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, any Obligor Grantor in respect of any the First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, any First Lien Claimholder, the Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations, any Second Lien Claimholder, the Third Lien Obligations or the Third Lien Claimholder in respect of this Agreement.
Appears in 2 contracts
Samples: Intercreditor Agreement, Intercreditor Agreement (Ocean Rig UDW Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents and the other First Lien Claimholders Senior Lenders, and the Second Lien Collateral Priority Agents and the other Second Lien ClaimholdersPriority Secured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Senior Lender Documents or any Second Lien Priority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations Senior Lender Claims or Second Lien ObligationsPriority Claims, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any First Lien other Senior Lender Document or of the terms of the Second Priority Senior Secured Notes Indenture or any other Second Lien Priority Document;
(c) any exchange of any security interest in any Common Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations Senior Lender Claims or Second Lien Obligations Priority Claims or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Borrower or any Obligorother Grantor; or
(e) any other circumstances which that otherwise might constitute a defense available to, or a discharge of, the Borrower or any Obligor other Grantor in respect of any First Lien Collateral Agentthe Senior Lender Claims, any other First Lien Claimholder, the First Lien Obligations, or of any Second Lien Collateral Agent, Priority Agent or any other Second Lien Claimholder or the Second Lien Obligations Priority Secured Party in respect of this Agreement.
Appears in 2 contracts
Samples: Second Lien Intercreditor Agreement (Caesars Acquisition Co), Intercreditor Agreement (Sampson Simulator, LLC)
Obligations Unconditional. All rights, interests, agreements and obligations of the First First-Lien Collateral Agents Agent and the other First First-Lien Claimholders Creditors and the Second Second-Lien Collateral Agents Agent and the other Second Second-Lien Claimholders, respectively, hereunder (including the payment and Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First First-Lien Documents Credit Document or any Second Second-Lien DocumentsLoan Document or any setting aside or avoidance of any Lien;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First First-Lien Obligations or Second Second-Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First First-Lien Credit Document or any Second Second-Lien Loan Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First First-Lien Obligations or Second Second-Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Parent or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Parent or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First First-Lien Obligations, or of the Second-Lien Agent or any Second Lien Collateral Agent, any other Second Second-Lien Claimholder or the Second Lien Obligations in respect of this Agreement.
Appears in 2 contracts
Samples: Subordination Agreement (Kior Inc), Senior Secured Convertible Promissory Note Purchase Agreement (Kior Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Intercreditor Agent and the Senior Lenders, and the Second-Priority Agents and the other First Lien Claimholders and the Second Lien Collateral Agents and the other Second Lien ClaimholdersSecond-Priority Secured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Senior Lender Documents or any Second Lien Second-Priority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations Senior Lender Claims or Second Lien ObligationsSecond-Priority Claims, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Senior Credit Agreement or any other Senior Lender Document or of the terms of the Second Secured Notes Indenture or any Second Lien other Second-Priority Document;
(c) any exchange of any security interest in any Common Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations Senior Lender Claims or Second Lien Obligations Second-Priority Claims or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which that otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of the Senior Lender Claims, or of any First Lien Collateral Agent, Second-Priority Agent or any other First Lien Claimholder, the First Lien Obligations, any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations Second-Priority Secured Party in respect of this Agreement.
Appears in 2 contracts
Samples: Intercreditor Agreement, Intercreditor Agreement (Momentive Specialty Chemicals Inc.)
Obligations Unconditional. All For so long as this Agreement is in full force and effect, all rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders Creditors and the Collateral Agent and Second Lien Collateral Agents and the other Second Lien ClaimholdersCreditors, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Loan Documents or any Second Lien Documents;
(b) except as otherwise expressly restricted in this Agreement, any change in the time, manner manner, or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Loan Document or any Second Lien Document;
(c) except as otherwise expressly restricted in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of any ObligorGrantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, any Obligor Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, any Second First Lien Creditor, Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations or any Second Lien Creditor in respect of this Agreement.
Appears in 2 contracts
Samples: Intercreditor Agreement (Interface Security Systems, L.L.C.), Intercreditor Agreement (Interface Security Systems Holdings Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders Secured Parties and the each Second Lien Collateral Agents Agent and the other Second Lien ClaimholdersSecured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Documents or any Second Lien Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations Debt or Second Lien ObligationsDebt, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any the First Lien Document Loan Agreement or any of the other First Lien Documents or of the terms of the Second Lien DocumentNote Indenture or any of the other Second Lien Documents;
(c) any exchange of any security interest in any Second Lien Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations Debt or Second Lien Obligations Debt or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of any ObligorGrantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, any Obligor Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien ObligationsDebt, or of any Second Lien Collateral Agent, Agent or any of the other Second Lien Claimholder or the Second Lien Obligations Secured Parties in respect of this Agreement.
Appears in 2 contracts
Samples: Intercreditor Agreement (Amh Holdings, LLC), Intercreditor Agreement (Norcraft Holdings, L.P.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Revolving Credit Agent and the other First Lien Revolving Credit Claimholders and the Second Lien Collateral Agents Trustee, the Secured Debt Representatives and the other Second Lien Secured Debt Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Revolving Credit Loan Documents or any Second Lien Secured Debt Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Revolving Credit Obligations or Second Lien Secured Debt Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Revolving Credit Loan Document or any Second Lien Secured Debt Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Revolving Credit Obligations or Second Lien Secured Debt Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any First Lien Collateral the Revolving Credit Agent, the Revolving Credit Obligations, any other First Lien Revolving Credit Claimholder, the First Lien ObligationsCollateral Trustee, the Secured Debt Representatives, the Secured Debt Obligations or any Second Lien Collateral Agent, any other Second Lien Secured Debt Claimholder or the Second Lien Obligations in respect of this Agreement.
Appears in 2 contracts
Samples: Intercreditor Agreement (NewPage Holding CORP), Intercreditor Agreement (NewPage Energy Services LLC)
Obligations Unconditional. All rights, interests, agreements and obligations of the First First-Lien Collateral Agents Agent and the other First First-Lien Claimholders Creditors and the Second Second-Lien Collateral Agents Agent and the other Second Second-Lien ClaimholdersCreditors, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First First-Lien Documents Document or any Second Second-Lien DocumentsSubordinated Notes Document;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First First-Lien Obligations or Second Second-Lien Subordinated Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First First-Lien Document or any Second Second-Lien Subordinated Notes Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First First-Lien Obligations or Second Second-Lien Subordinated Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Borrower or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Borrower or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First First-Lien Obligations, any Second or of the Second-Lien Collateral Agent, Agent or any other Second Second-Lien Claimholder or the Second Lien Obligations Creditor in respect of this Agreement.
Appears in 2 contracts
Samples: Intercreditor Agreement (CMP Susquehanna Radio Holdings Corp.), Indenture (CMP Susquehanna Radio Holdings Corp.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders and the Second Lien Collateral Agents and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Loan Documents or any Second Lien Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Loan Document or any Second Lien Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any the First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, any First Lien Claimholder, the Second Lien Collateral AgentAgents, any other Second Lien Claimholder or the Second Lien Obligations or any Second Lien Claimholder in respect of this Agreement.
Appears in 2 contracts
Samples: Omnibus Amendment to Transaction Documents (Karyopharm Therapeutics Inc.), Indenture (Karyopharm Therapeutics Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders Secured Parties, and the Second Lien Collateral Agents Agent and the other Second Lien ClaimholdersSecured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Documents or any Second Lien Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the First Lien Credit Agreement or any other First Lien Document or of the terms of the Second Lien Credit Agreement or any other Second Lien Document;
(c) any exchange of any security interest in any Common Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Borrower or any Obligorother Grantor; or
(e) any other circumstances which that otherwise might constitute a defense available to, or a discharge of, the Borrower or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, any Second Lien Collateral Agent, any other Second Lien Claimholder Obligations or the Second Lien Obligations in respect of this Agreement.
Appears in 2 contracts
Samples: Intercreditor Agreement, Intercreditor Agreement (Advantage Solutions Inc.)
Obligations Unconditional. All For so long as this Agreement is in full force and effect, all rights, interests, agreements agreements, and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders and the Second Lien Collateral Agents Agent and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Documents or any Second Lien Documents;
(b) except as otherwise expressly restricted in this Agreement, any change in the time, manner manner, or place of payment of, or in any other terms of, all or any of the First Lien Obligations Debt or Second Lien ObligationsDebt, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Document or any Second Lien Document;
(c) except as otherwise expressly restricted in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations Debt or Second Lien Obligations Debt or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of any ObligorGrantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, to any Obligor Grantor in respect of any the First Lien Collateral Debt, the First Lien Agent, any other First Lien Claimholder, the First Lien Obligations, any Second Lien Collateral Debt, the Second Lien Agent, or any other Second Lien Claimholder or the Second Lien Obligations in respect of this AgreementClaimholder.
Appears in 2 contracts
Samples: Intercreditor Agreement, Intercreditor Agreement (Nuverra Environmental Solutions, Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders and the Second Lien Collateral Agents Agent and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Credit Documents or any Second Lien Credit Documents;
(b) except as otherwise set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Credit Document or any Second Lien Credit Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, or of the Second Lien Collateral Agent or any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations in respect of this Agreement.
Appears in 2 contracts
Samples: Credit and Guaranty Agreement (Carmike Cinemas Inc), Credit Agreement (Carmike Cinemas Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Revolving Credit Collateral Agent and the Revolving Credit Claimholders and the Fixed Asset Collateral Agents and the other First Lien Claimholders and the Second Lien Collateral Agents and the other Second Lien Fixed Asset Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Revolving Credit Documents or any Second Lien Fixed Asset Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Revolving Credit Obligations or Second Lien Fixed Asset Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Revolving Credit Document or any Second Lien Fixed Asset Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Revolving Credit Obligations or Second Lien Fixed Asset Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the any ObligorGrantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, any Obligor Grantor in respect of any First Lien the Revolving Credit Collateral Agent, the Revolving Credit Obligations, any other First Lien Revolving Credit Claimholder, the First Lien ObligationsCollateral Trustee, the Fixed Asset Obligations or any Second Lien Collateral Agent, any other Second Lien Fixed Asset Claimholder or the Second Lien Obligations in respect of this Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Zekelman Industries, Inc.), Intercreditor Agreement (CommScope Holding Company, Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders and the Second Lien Collateral Agents Trustee and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Documents or any Second Lien Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Document or any Second Lien Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any the First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, any Second First Lien Claimholder, the Collateral AgentTrustee, any other Second Lien Claimholder or the Second Lien Obligations or any Second Lien Claimholder in respect of this Agreement.
Appears in 2 contracts
Samples: Intercreditor Agreement (Viasystems Group Inc), Collateral Trust Agreement (Viasystems Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders and the Second Lien Collateral Agents Agent and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any provision of any First Lien Documents Document or any Second Lien DocumentsDocument;
(b) except as otherwise provided in this Agreement (including SECTION 5.4), any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Document or any Second Lien Document;
(c) except as otherwise provided in, and subject to, this Agreement (including SECTION 5.4), any exchange of any security interest in any Common Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of any ObligorGrantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, any Obligor Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, or of the Second Lien Agent or any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations in respect of this Agreement.
Appears in 2 contracts
Samples: Intercreditor Agreement (National Coal Corp), Intercreditor Agreement (National Coal Corp)
Obligations Unconditional. All rights, interests, agreements and obligations of the First First-Lien Collateral Agents Agent and the other First First-Lien Claimholders Creditors and the Second Second-Lien Collateral Agents Agent and the other Second Second-Lien ClaimholdersCreditors, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First First-Lien Documents Document or any Second Second-Lien DocumentsNotes Document;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First First-Lien Obligations or Second Second-Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First First-Lien Document or any Second Second-Lien Notes Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First First-Lien Obligations or Second Second-Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any ObligorGrantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First First-Lien Obligations, any Second or of the Second-Lien Collateral Agent, Agent or any other Second Second-Lien Claimholder or the Second Lien Obligations Creditor in respect of this Agreement.
Appears in 2 contracts
Samples: Intercreditor Agreement (Dune Energy Inc), Intercreditor Agreement (Atp Oil & Gas Corp)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders and the Second Lien Collateral Agents Agent and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Loan Documents or any Second Lien Loan Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Loan Document or any Second Lien Loan Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any the First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, or any First Lien Claimholder, the Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations or any Second Lien Claimholder in respect of this Agreement.
Appears in 2 contracts
Samples: Intercreditor Agreement (Modtech Holdings Inc), Intercreditor Agreement (Modtech Holdings Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Administrative Agent and the other First Lien Claimholders and the Second Lien Collateral Agents Administrative Agent and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Loan Documents or any Second Lien DocumentsLoan Documents or any setting aside or avoidance of any Lien;
(b) except as otherwise set forth in the Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Loan Document or any Second Lien Loan Document;; CHARl\1175377v2
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of Company or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, Obligations or of the Second Lien Administrative Agent or any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations in respect of this Agreement.
Appears in 2 contracts
Samples: Credit Agreement, Credit Agreement (Amn Healthcare Services Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders Secured Parties and the Second Lien Collateral Agents Agent and the other Second Lien ClaimholdersSecured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Loan Documents or any Second Lien DocumentsLoan Documents or the perfection of any liens thereunder;
(b) except as otherwise set forth in the Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Loan Document or any Second Lien Loan Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Borrower or any Obligorother Loan Party; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Borrower or any Obligor other Loan Party in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, or of the Second Lien Agent or any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations Secured Party in respect of this Agreement.
Appears in 2 contracts
Samples: First Lien Credit Agreement (Inverness Medical Innovations Inc), Second Lien Credit Agreement (Inverness Medical Innovations Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien ABL Credit Agreement Collateral Agent and the other ABL Claimholders and the Term Loan Collateral Agents and the other First Lien Claimholders and the Second Lien Collateral Agents and the other Second Lien Term Loan Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien ABL Documents or any Second Lien Term Loan Documents;
(b) any change in the time, manner or place of payment of, or or, subject to the limitations set forth in Section 5.3, in any other terms of, all or any of the First Lien ABL Obligations or Second Lien Term Loan Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien ABL Document or any Second Lien Term Loan Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien ABL Obligations or Second Lien Term Loan Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of any Obligor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, any Obligor in respect of any First Lien the ABL Credit Agreement Collateral Agent, any other First Lien ABL Claimholder, the First Lien ABL Obligations, any Second Lien Term Loan Collateral Agent, any other Second Lien Term Loan Claimholder or the Second Lien Term Loan Obligations in respect of this Agreement.
Appears in 2 contracts
Samples: First Lien Credit Agreement (Option Care Health, Inc.), Indenture (Option Care Health, Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Intercreditor Agent and the Senior Lenders, and the Second-Priority Agents and the other First Lien Claimholders and the Second Lien Collateral Agents and the other Second Lien ClaimholdersSecond-Priority Secured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Senior Lender Documents or any Second Lien Second-Priority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations Senior Lender Claims or Second Lien ObligationsSecond-Priority Claims, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Senior Credit Agreement or any other Senior Lender Document or of the terms of the New 1.5 Lien Notes Indenture or any Second Lien other Second-Priority Document;
(c) any exchange of any security interest in any Common Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations Senior Lender Claims or Second Lien Obligations Second-Priority Claims or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which that otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of the Senior Lender Claims, or of any First Lien Collateral Agent, Second-Priority Agent or any other First Lien Claimholder, the First Lien Obligations, any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations Second-Priority Secured Party in respect of this Agreement.
Appears in 2 contracts
Samples: Intercreditor Agreement, Intercreditor Agreement (Hexion Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders and the Second Lien Collateral Agents Agent and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Loan Documents or any Second Lien Loan Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Loan Document or any Second Lien Loan Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of U.S. Borrower or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, U.S. Borrower or any Obligor other Grantor in respect of any the First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, any First Lien Claimholder, the Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations or any Second Lien Claimholder in respect of this Agreement.
Appears in 2 contracts
Samples: Second Lien Credit and Guaranty Agreement (Arizona Chemical Ltd.), First Lien Credit and Guaranty Agreement (Arizona Chemical Ltd.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Representatives and the other First Lien Claimholders Secured Parties and the Second Lien Collateral Agents Representatives and the other Second Lien ClaimholdersSecured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Documents or any Second Lien Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Document or any Second Lien Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Borrower or any Obligorother Grantor; or
(e) except as otherwise expressly set forth in this Agreement, any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Borrower or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien ClaimholderRepresentative, the First Lien Obligations, any First Lien Secured Party, any Second Lien Collateral AgentRepresentative, any other Second Lien Claimholder or the Second Lien Obligations or any Second Lien Secured Party in respect of this Agreement.
Appears in 2 contracts
Samples: Second Lien Credit Agreement (Focus Financial Partners Inc.), Second Lien Credit Agreement (Focus Financial Partners Inc.)
Obligations Unconditional. All For so long as this Agreement is in full force and effect, all rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders and the Second Lien Collateral Agents Trustee and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Loan Documents or any Second Lien Documents;
(b) except as otherwise expressly restricted in this Agreement, any change in the time, manner manner, or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Loan Document or any Second Lien Document;
(c) except as otherwise expressly restricted in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of any ObligorGrantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, any Obligor Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, any First Lien Claimholder, Second Lien Collateral AgentTrustee, any other Second Lien Claimholder or the Second Lien Obligations or any Second Lien Claimholder in respect of this Agreement.
Appears in 2 contracts
Samples: Intercreditor Agreement (Saratoga Resources Inc /Tx), Indenture (Saratoga Resources Inc /Tx)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders Priority Lenders, and the Second Lien Collateral Agents Priority Agent and the other Second Lien ClaimholdersPriority Lenders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Priority Documents or any Second Lien Priority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations Priority Claims or Second Lien ObligationsPriority Claims, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the ABL Credit Agreement or any First Lien other ABL Loan Document or of the terms of the Term Loan/Cash Flow Revolver Agreement or any Second Lien other Term Loan/Cash Flow Revolver Loan Document;
(c) any exchange of any security interest in any Common Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations Priority Claims or Second Lien Obligations Priority Claims or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Borrower or any Obligorother Grantor; or
(e) any other circumstances which that otherwise might constitute a defense available to, or a discharge of, the Borrower or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien ObligationsPriority Claims, or of any Second Lien Collateral Agent, Priority Agent or any other Second Lien Claimholder or the Second Lien Obligations Priority Lenders in respect of this Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Quorum Health Corp), Abl Credit Agreement (Quorum Health Corp)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Intercreditor Agent and the Senior Lenders, and the Second-Priority Agents and the other First Lien Claimholders and the Second Lien Collateral Agents and the other Second Lien ClaimholdersSecond-Priority Secured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Senior Lender Documents or any Second Lien Second-Priority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations Senior Lender Claims or Second Lien ObligationsSecond-Priority Claims, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Senior Credit Agreements or any First Lien other Senior Lender Document or any of the terms of the Second Lien Notes Indenture or any other Second-Priority Document;
(c) any exchange of any security interest in any Common Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations Senior Lender Claims or Second Lien Obligations Second-Priority Claims or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which that otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of the Senior Lender Claims, or of any First Lien Collateral Agent, Second-Priority Agent or any other First Lien Claimholder, the First Lien Obligations, any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations Second-Priority Secured Party in respect of this Agreement.
Appears in 2 contracts
Samples: Intercreditor Agreement, Intercreditor Agreement (Momentive Performance Materials Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First First-Lien Collateral Agents and the other First First-Lien Claimholders Creditors and the Second Second-Lien Collateral Agents Agent and the other Second Second-Lien Claimholders, respectively, hereunder (including the payment and Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First First-Lien Documents Credit Document or any Second Second-Lien DocumentsLoan Document or any setting aside or avoidance of any Lien;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First First-Lien Obligations or Second Second-Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First First-Lien Credit Document or any Second Second-Lien Loan Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First First-Lien Obligations or Second Second-Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Parent or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Parent or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First First-Lien Obligations, or of the Second-Lien Agent or any Second Lien Collateral Agent, any other Second Second-Lien Claimholder or the Second Lien Obligations in respect of this Agreement.
Appears in 2 contracts
Samples: Senior Secured Promissory Note and Warrant Purchase Agreement (Kior Inc), Senior Secured Promissory Note and Warrant Purchase Agreement (Kior Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Revolving Credit Collateral Agent and the Revolving Credit Claimholders and the Term Loan Collateral Agents and the other First Lien Claimholders and the Second Lien Collateral Agents and the other Second Lien Term Loan Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Revolving Credit Documents or any Second Lien Term Loan Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Revolving Credit Obligations or Second Lien Term Loan Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Revolving Credit Document or any Second Lien Term Loan Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Revolving Credit Obligations or Second Lien Term Loan Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the any ObligorGrantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, any Obligor Grantor in respect of any First Lien the Revolving Credit Collateral Agent, the Revolving Credit Obligations, any other First Lien Revolving Credit Claimholder, the First Lien Obligations, any Second Lien Term Loan Collateral Agent, the Term Loan Obligations or any other Second Lien Term Loan Claimholder or the Second Lien Obligations in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Administrative Agent and the other First Lien Claimholders and the Second Lien Collateral Agents Trustee and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Loan Documents or any Second Lien Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Loan Document or any Second Lien Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any the First Lien Collateral Administrative Agent, any other First Lien Claimholder, the First Lien Obligations, any First Lien Claimholder, the Second Lien Collateral AgentTrustee, any other Second Lien Claimholder or the Second Lien Obligations or any Second Lien Claimholder in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First Senior Lien Collateral Agents and Agent, the other First Senior Lien Claimholders and the Second Lien Collateral Agents and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Senior Lien Note Documents or any Second Lien Credit Documents;
(b) except as otherwise set forth in the Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Senior Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Senior Lien Note Document or any Second Lien Credit Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Senior Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Issuer or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Issuer or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Senior Lien Obligations, any Second Lien Collateral Agent, any other or of the Second Lien Claimholder or the Second Lien Obligations in respect of this Agreement.
Appears in 1 contract
Samples: Intercreditor and Subordination Agreement (FriendFinder Networks Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Representatives, the First Lien Collateral Agents and the other First Lien Claimholders and the Second Lien Representatives, the Second Lien Collateral Agents and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Documents or any Second Lien Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Document or any Second Lien Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any First Lien Representative, any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, any First Lien Claimholder, any Second Lien Representative, any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations or any Second Lien Claimholder in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Claimholder Representative(s) and the other First Lien Claimholders and the Second Lien Collateral Agents Trustee and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:: INTERCREDITOR AGREEMENT
(a) any lack of validity or enforceability of any First Lien Credit Documents or any Second Lien Credit Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Credit Document or any Second Lien Credit Document;
(c) any exchange of any security interest in any Common Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of Parent or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, Parent or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, or of the Second Lien Collateral Trustee or any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Revolving Credit Collateral Agents Agent and the other First Lien Revolving Credit Claimholders and the Second Lien Term Loan Collateral Agents Agent and the other Second Lien Term Loan Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Revolving Credit Loan Documents or any Second Lien Term Loan Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Revolving Credit Obligations or Second Lien Term Loan Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Revolving Credit Loan Document or any Second Lien Term Loan Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Revolving Credit Obligations or Second Lien Term Loan Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the any ObligorGrantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, any Obligor Grantor in respect of any First Lien the Revolving Credit Collateral Agent, the Revolving Credit Obligations, any other First Lien Revolving Credit Claimholder, the First Lien Obligations, Term Loan Collateral Agent the Term Loan Obligations or any Second Lien Collateral Agent, any other Second Lien Term Loan Claimholder or the Second Lien Obligations in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All For so long as this Agreement is in full force and effect, all rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders and the Second Lien Collateral Agents Agent and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Loan Documents or any Second Lien Documents;
(b) except as otherwise expressly restricted in this Agreement, any change in the time, manner manner, or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Loan Document or any Second Lien Document;
(c) except as otherwise expressly restricted in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of any ObligorGrantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, any Obligor Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, any First Lien Claimholder, Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations or any Second Lien Claimholder in respect of this Agreement.
Appears in 1 contract
Samples: Intercreditor Agreement (Starboard Resources, Inc.)
Obligations Unconditional. All The Lien priorities provided for herein and the respective rights, interests, agreements and obligations hereunder of the First Lien Collateral Agents Agent and the other First Lien Claimholders and Secured Parties, the Second Lien Collateral Agents Agent and the other Second Lien ClaimholdersSecured Parties, respectively, hereunder (including and the Third Lien priorities established hereby) Agent and the other Third Lien Secured Parties shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Documents or any Second Lien DocumentsDocument;
(b) any change in the time, place or manner or place of payment of, or in any other terms term of (including, to the extent permitted hereby, the Refinancing of), all or any portion of the First Lien Obligations, the Second Lien Obligations and the Third Lien Obligations;
(c) any change in the time, place or manner of payment of, or in any other term of, all or any portion of the First Lien Obligations, Second Lien Obligations or Second Third Lien Obligations;
(d) any amendment, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of any Document;
(e) the terms securing of any First Lien Document Obligations, Second Lien Obligations or Third Lien Obligations with any additional collateral or guarantees, or any Second Lien Document;
(c) any exchange exchange, release, voiding, avoidance or non-perfection of any security interest in any Collateral or any other collateral, collateral or any amendment, waiver or other modification, whether in writing or by course release of conduct or otherwise, of all or any of the guarantee securing any First Lien Obligations or Second Lien Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of any ObligorThird Lien Obligations; or
(ef) any other circumstances which that otherwise might constitute a defense available to, or a discharge of, the Parent, the Company or any Obligor guarantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations or this Agreement, or any of the Second Lien Secured Parties or Third Lien Secured Parties in respect of this Agreement.
Appears in 1 contract
Samples: Intercreditor and Subordination Agreement (USA Synthetic Fuel Corp)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents First-Priority Agent and the other First Lien Claimholders First-Priority Secured Parties, and the Second Lien Collateral Agents Second-Priority Representatives and the other Second Lien ClaimholdersSecond-Priority Secured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien First-Priority Documents or any Second Lien Second-Priority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien First-Priority Obligations or Second Lien Second-Priority Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any First Lien other First-Priority Document or of the terms of the Second-Priority Facility Agreement or any Second Lien other Second-Priority Document;
(c) any exchange of any security interest in any Common Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien First-Priority Obligations or Second Lien Second-Priority Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Borrower or any Obligorother Grantor; or
(e) any other circumstances which that otherwise might constitute a defense available to, or a discharge of, the Borrower or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien First-Priority Obligations, or of any Second Lien Collateral Agent, Second-Priority Representative or any other Second Lien Claimholder or the Second Lien Obligations Second-Priority Secured Party in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders and the Second Lien Collateral Agents and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Loan Documents or any Second Lien Loan Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, of or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Loan Document or any Second Lien Loan Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Shared Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other grantor in respect of any the First Lien Collateral Agent, any other First Lien ClaimholderAgents, the First Lien Obligations, any First Lien Claimholder, the Second Lien Collateral AgentAgents, any other Second Lien Claimholder or the Second Lien Obligations or any Second Lien Claimholder in respect of this Agreement.
Appears in 1 contract
Samples: Intercreditor Agreement
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders and the Second Lien Collateral Agents Agent and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Documents the Laurus Security Agreement, the Ancillary Agreements, the Agency Agreement or any Second Lien Documentsthe Investor Notes;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including including, without limitation, any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Document the Laurus Security Agreement or any Second Lien Documentof the terms of the Ancillary Agreements, the Agency Agreement or the Investor Notes made in accordance with their terms;
(c) any exchange exchange, release or nonperfection of any security interest in any Common Collateral or any other collateral, or any release, amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of any ObligorProceeding; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, any Obligor the Borrower in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, Obligations or of any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders Secured Parties and the Second Lien Collateral Agents Creditor and the other Second Lien ClaimholdersSecured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Loan Documents or any Second Lien Loan Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Loan Document or any Second Lien Debt Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Borrower or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Borrower or any Obligor other Grantor in respect of any the First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, any First Lien Secured Party, the Second Lien Collateral AgentCreditor, any other Second Lien Claimholder or the Second Lien Obligations or any Second Lien Secured Parties in respect of this Agreement.
Appears in 1 contract
Samples: Intercreditor Agreement (Uranium Resources Inc /De/)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders and the Second Lien Collateral Agents Agent and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Credit Documents or any Second Lien Credit Documents;
(b) except as otherwise set forth in the Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Credit Document or any Second Lien Credit Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Borrower or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Borrower or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, or of the Second Lien Collateral Agent or any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations in respect of this Agreement.
Appears in 1 contract
Samples: Collateral Agency and Intercreditor Agreement (Krispy Kreme Doughnuts Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents First-Priority Representatives and the other First Lien Claimholders First-Priority Secured Parties, and the Second Lien Collateral Agents Second-Priority Representatives and the other Second Lien ClaimholdersSecond-Priority Secured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien First-Priority Documents or any Second Lien Second-Priority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien First-Priority Obligations or Second Lien Second-Priority Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any the First Lien Credit Agreement or any other First-Priority Document or any of the terms of the Second Lien Credit Agreement or any other Second-Priority Document;
(c) any exchange of any security interest in any Common Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien First-Priority Obligations or Second Lien Second-Priority Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which that otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien First-Priority Obligations, or of any Second Lien Collateral Agent, Second-Priority Representative or any other Second Lien Claimholder or the Second Lien Obligations Second-Priority Secured Party in respect of this Agreement.
Appears in 1 contract
Samples: Credit Agreement (Casa Systems Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders Secured Parties and the Second Lien Collateral Agents Agent and the other Second Lien ClaimholdersSecured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Loan Documents or any Second Lien DocumentsLoan Documents or the perfection of any liens thereunder;
(b) except as otherwise set forth in the Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Loan Document or any Second Lien Loan Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Borrower, any ObligorCollateral, or any other Loan Party; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Borrower or any Obligor other Loan Party in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, or of the Second Lien Collateral Agent or any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations Secured Party in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First ABL Agent and the ABL Claimholders and the Priority Lien Debt Collateral Agents and the other First Lien Claimholders and the Second Lien Collateral Agents and the other Second Priority Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien ABL Loan Documents or any Second Priority Lien Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien ABL Obligations or Second Priority Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien ABL Loan Document or any Second Priority Lien Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien ABL Obligations or Second Priority Lien Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any First Lien Collateral the ABL Agent, the ABL Obligations, any other First Lien ABL Claimholder, the First Priority Lien ObligationsDebt Collateral Agents, the Priority Lien Obligations or any Second Lien Collateral Agent, any other Second Priority Lien Claimholder or the Second Lien Obligations in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders and the Second Lien Collateral Agents Agent and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Loan Documents or any Second Lien DocumentsLoan Documents or any setting aside or avoidance of any Lien;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Loan Document or any Second Lien Loan Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of any Obligorthe Borrower; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, any Obligor the Borrower in respect of any the First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, any First Lien Claimholder, the Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations or any Second Lien Claimholder in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien ABL Collateral Agents Agent and the other First Lien Claimholders ABL Secured Parties and the Second Lien Term Loan Collateral Agents Agent and the other Second Lien ClaimholdersTerm Loan Secured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien ABL Loan Documents or any Second Lien Term Loan Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien ABL Obligations or Second Lien Term Loan Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien ABL Loan Document or any Second Lien Term Loan Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien ABL Obligations or Second Lien Term Loan Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Obligor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Company or any other Obligor in respect of any First Lien the ABL Collateral Agent, any other First Lien Claimholder, the First Lien ABL Obligations, any Second Lien ABL Secured Party, the Term Loan Collateral Agent, the Term Loan Obligations or any other Second Lien Claimholder or the Second Lien Obligations Term Loan Secured Party in respect of this Agreement.
Appears in 1 contract
Samples: Intercreditor Agreement (New Enterprise Stone & Lime Co., Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Secured Party and the other First Lien Claimholders and the Second Lien Collateral Agents Secured Party and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Lease/Purchase Facilities Documents or any Second Lien Commodities Purchase Facility Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Lease/Purchase Facilities Document or any Second Lien Commodities Purchase Facility Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of Tensar or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, Tensar or any Obligor other Grantor in respect of any the First Lien Collateral Agent, any other First Lien ClaimholderSecured Party, the First Lien Obligations, any First Lien Claimholder, the Second Lien Collateral AgentSecured Party, any other Second Lien Claimholder or the Second Lien Obligations or any Second Lien Claimholder in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders and the Second Lien Collateral Agents Agent and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Credit Documents or any Second Lien Credit Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Credit Document or any Second Lien Credit Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of Holdings, the Company, any Obligorother Grantor or any Subsidiary; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, Holdings, the Company or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, or of the Second Lien Agent or any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents and Agent, the other First Lien Claimholders and the Second Lien Collateral Agents and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Credit Documents or any Second Lien Credit Documents;
(b) except to the extent expressly set forth in the Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Secured Obligations or Second Lien Secured Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Credit Document or any Second Lien Credit Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Secured Obligations or Second Lien Secured Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Borrower or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Borrower or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Secured Obligations, or of the Second Lien Lender or any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations in respect of this Agreement.
Appears in 1 contract
Samples: Collateral Agency and Intercreditor Agreement (Ampex Corp /De/)
Obligations Unconditional. All rights, interests, agreements and obligations of the 2024 First Lien Collateral Agents Agent and the other 2024 First Lien Claimholders and the Second Lien Collateral Agents Agent and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any 2024 First Lien Loan Documents or any Second Lien Loan Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the 2024 First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any 2024 First Lien Loan Document or any Second Lien Loan Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the 2024 First Lien Obligations or Second Lien Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any the 2024 First Lien Collateral Agent, the 2024 First Lien Obligations, any other 2024 First Lien Claimholder, the First Lien Obligations, any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations or any Second Lien Claimholder in respect of this AgreementAgreement other than the defense that the Discharge of the 2024 First Lien Obligations has occurred.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Representative and the other First Lien Claimholders Secured Parties, and the Second Junior Lien Collateral Agents Representative and the other Second Junior Lien ClaimholdersSecured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Documents or any Second Junior Lien Documents; or any lack of or other matter relating to the validity, enforceability, perfection or priority of any lien creating or existing or purported to be creating or existing thereunder;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Junior Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Document or of the terms of any Second Junior Lien Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Junior Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which that otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, any Second Lien Collateral Agent, any other Second Lien Claimholder Obligations or the Second Junior Lien Obligations in respect of this Agreement.
Appears in 1 contract
Samples: Pari Passu Intercreditor Agreement (J C Penney Co Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien First-Priority Collateral Agents Agent and the other First Lien Claimholders First-Priority Secured Parties, and the Second Lien Collateral Agents Second-Priority Representatives and the other Second Lien ClaimholdersSecond-Priority Secured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien First-Priority Documents or any Second Lien Second-Priority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien First-Priority Obligations or Second Lien Second-Priority Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any the First Lien Credit Agreement or any other First-Priority Document or of the terms of the Initial Second-Priority Agreement or any Second Lien other Second-Priority Document;
(c) any exchange of any security interest in any Common Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien First-Priority Obligations or Second Lien Second-Priority Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Parent Borrower or any Obligorother Grantor; or
(e) any other circumstances which that otherwise might constitute a defense available to, or a discharge of, the Parent Borrower or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien First-Priority Obligations, or of any Second Lien Collateral Agent, Second-Priority Representative or any other Second Lien Claimholder or the Second Lien Obligations Second-Priority Secured Party in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders and the Second Lien Collateral Agents Agent and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Credit Documents or any Second Lien DocumentsCredit Documents or any setting aside or avoidance of any Lien;
(b) except as otherwise set forth in the Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Credit Document or any Second Lien Credit Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of Company or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, Company or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, or of the Second Lien Collateral Agent or any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders and the Second Lien Collateral Agents Agent and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Loan Documents or any Second Lien Loan Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Loan Document or any Second Lien Loan Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any the First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, any First Lien Claimholder, the Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations or any Second Lien Claimholder in respect of this Agreement.
Appears in 1 contract
Samples: Intercreditor Agreement (Spanish Broadcasting System Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Intercreditor Agent and the Senior Lenders, and the Second-Priority Agents and the other First Lien Claimholders and the Second Lien Collateral Agents and the other Second Lien ClaimholdersSecond-Priority Secured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Senior Lender Documents or any Second Lien Second-Priority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations Senior Lender Claims or Second Lien ObligationsSecond-Priority Claims, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Senior Debt Instrument or any other Senior Lender Document or of the terms of the Second-Lien Notes Indenture or any Second Lien other Second-Priority Document;
(c) any exchange of any security interest in any Common Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations Senior Lender Claims or Second Lien Obligations Second-Priority Claims or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which that otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of the Senior Lender Claims, or of any First Lien Collateral Agent, Second-Priority Agent or any other First Lien Claimholder, the First Lien Obligations, any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations Second-Priority Secured Party in respect of this Agreement.
Appears in 1 contract
Samples: Intercreditor Agreement (Momentive Performance Materials Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First First-Lien Collateral Agents Agent and the other First First-Lien Claimholders Secured Parties, and the Second Second-Lien Collateral Agents Agent and the other Second Second-Lien ClaimholdersSecured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First First-Lien Documents or any Second Second-Lien Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First First-Lien Obligations or Second Second-Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First First-Lien Document or of the terms of any Second Second-Lien Document;
(c) any exchange of any security interest in any Collateral or any other collateralCommon Collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First First-Lien Obligations or Second Second-Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which that otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First First-Lien Obligations, or of any Second Second-Lien Collateral Agent, Agent or any other Second Second-Lien Claimholder or the Second Lien Obligations Secured Party in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents and the other First Lien Claimholders Lenders, and the Second Lien Collateral Agents Agent and the other Second Lien ClaimholdersPriority Secured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Lender Documents or any Second Lien Priority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations Lender Claims or Second Lien ObligationsPriority Claims, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any the First Lien Credit Agreement or any other First Lien Lender Document or any of the terms of the Second Lien Credit Agreement or any other Second Priority Document;
(c) any exchange of any security interest in any Common Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations Lender Claims or Second Lien Obligations Priority Claims or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which that otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien ObligationsLender Claims, any Second Lien Collateral Agent, any other Second Lien Claimholder or of the Second Lien Obligations Agent or any Second Priority Secured Party in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents and Agent, the other First Lien Claimholders Authorized Representatives, the First Lien Secured Parties, the Second Lien Authorized Representatives and the Second Lien Collateral Agents and the other Second Lien Claimholders, respectively, Secured Parties hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(ai) any lack of validity or enforceability of any First Lien Documents Document or any Second Lien DocumentsDocument;
(bii) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Bond Facility Agreement, the Credit Facilities Agreement or any other First Lien Document or of the terms of any Second Lien Document;
(ciii) any exchange of any security interest in any Shared Collateral or any other collateral, collateral or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(div) the commencement of any Insolvency or Liquidation Proceeding in respect of the Parent, the Borrower or any Obligorother Grantor; or
(ev) any other circumstances which that otherwise might constitute a defense available to, or a discharge of, (i) the Parent, the Borrower or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, Obligations or (ii) any Second Lien Collateral Agent, any other Authorized Representative or Second Lien Claimholder or the Second Lien Obligations Secured Party in respect of this Agreement.
Appears in 1 contract
Samples: Credit Agreement (SemGroup Corp)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders Secured Parties and the Second Lien Collateral Agents Agent and the other Second Lien ClaimholdersSecured Parties, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Documents or any Second Lien DocumentsDocuments or the perfection of any liens thereunder;
(b) except as otherwise set forth in the Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Document or any Second Lien Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Pledgor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Pledgor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, or of the Second Lien Collateral Agent or any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations Secured Party in respect of this Agreement.
Appears in 1 contract
Samples: Intercreditor Agreement (iPCS, INC)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Representatives, the First Lien Collateral Agents and the other First Lien Claimholders and the Second Lien Representatives, the Second Lien Collateral Agents and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Loan Documents or any Second Lien Debt Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Loan Document or any Second Lien Debt Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, in each case other than a Discharge, the Company or any Obligor other Grantor in respect of any First Lien Representative, any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, any First Lien Claimholder, any Second Lien Representative, any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations or any Second Lien Claimholder in respect of this Agreement.
Appears in 1 contract
Samples: Intercreditor Agreement (Summit Midstream Partners, LP)
Obligations Unconditional. All rights, interests, agreements and obligations of the First First-Lien Collateral Agents Agent and the other First First-Lien Claimholders Creditors and the Second Second-Lien Collateral Agents Agent and the other Second Second-Lien ClaimholdersCreditors, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First First-Lien Documents Loan Document or any Second Second-Lien DocumentsNote Document;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First First-Lien Obligations or Second Second-Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First First-Lien Document or any Second Second-Lien Note Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First First-Lien Obligations or Second Second-Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Borrower or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Borrower or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First First-Lien Obligations, any Second or of the Second-Lien Collateral Agent, Agent or any other Second Second-Lien Claimholder or the Second Lien Obligations Creditor in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders and the Second Lien Collateral Agents Agent and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Loan Documents or any Second Lien Note Facility Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Loan Document or any Second Lien Note Facility Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any the First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, any First Lien Claimholder, the Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations or any Second Lien Claimholder in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First First-Lien Collateral Agents Agent and the other First First-Lien Claimholders Creditors and the Second Second-Lien Collateral Agents Agent and the other Second Second-Lien ClaimholdersCreditors, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect (subject to Section 5.3 and the rights of Holdings, the Borrowers and the other Grantors under the First-Lien Documents and the Second-Lien Documents) irrespective of:
(a) any lack of validity or enforceability of any First First-Lien Documents Document or any Second Second-Lien DocumentsDocument;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First First-Lien Obligations or Second Second-Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First First-Lien Document or any Second Second-Lien Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First First-Lien Obligations or Second Second-Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of Holdings, any ObligorBorrower or any other Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, Holdings, any Obligor Borrower or any other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First First-Lien Obligations, any Second or of the Second-Lien Collateral Agent, Agent or any other Second Second-Lien Claimholder or the Second Lien Obligations Creditor in respect of this AgreementAgreement (other than the Discharge of the First-Lien Obligations and the Discharge of the Second-Lien Obligations).
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Revolving Credit Agents and the other First Lien Revolving Credit Claimholders and the Second Lien Collateral Term Loan Agents and the other Second Lien Term Loan Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Documents Revolving Credit Loan Document or any Second Lien DocumentsTerm Loan Document;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Revolving Credit Obligations or Second Lien Term Loan Obligations, or any amendment or waiver or other modificationModification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Revolving Credit Loan Document or any Second Lien Term Loan Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modificationModification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Revolving Credit Obligations or Second Lien the Term Loan Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of any ObligorBorrower or any other Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, any Obligor Borrower or any other Grantor in respect of any First Lien Collateral AgentRevolving Credit Agent or any other Revolving Credit Claimholder, any other First Lien Claimholder, the First Lien Revolving Credit Obligations, any Second Lien Collateral Agent, Term Loan Agent or any other Second Lien Term Loan Claimholder or the Second Lien Obligations any Term Loan Obligations, in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First Senior Lien Collateral Agents Agent and the other First Senior Lien Claimholders and the Second Lien Collateral Agents and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Senior Lien Note Documents or any Second Lien Credit Documents;
(b) except as otherwise set forth in the Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Senior Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Senior Lien Note Document or any Second Lien Credit Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Senior Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Issuer or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Issuer or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Senior Lien Obligations, any Second Lien Collateral Agent, any other or of the Second Lien Claimholder or the Second Lien Obligations in respect of this Agreement.
Appears in 1 contract
Samples: Intercreditor and Subordination Agreement (FriendFinder Networks Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders Creditors and the Second Lien Collateral Agents Agent and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Documents Document or any Second Lien DocumentsDocument or any setting aside or avoidance of any Lien;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Document or any Second Lien Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company, the Parent or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Company, the Parent or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, or of the Second Lien Collateral Agent or any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders and the Second Lien Collateral Agents Agent and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Documents Loan Document or any Second Lien DocumentsLoan Document;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Loan Document or any Second Lien Loan Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateralcollateral for, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of of, all or any of the First Lien Obligations or Second Lien Obligations or any guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Borrower or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Borrower or any Obligor other Grantor in respect of any the First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, any First Lien Claimholder, the Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations or any Second Lien Claimholder in respect of this Agreement.
Appears in 1 contract
Samples: Intercreditor Agreement (Butler International Inc /Md/)
Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Collateral Agents Agent and the other First Lien Claimholders and the Second Lien Collateral Agents Agent and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First Lien Loan Documents or any Second Lien DocumentsDocuments or any setting aside or avoidance of any Lien;
(b) except as otherwise set forth in the Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations or Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Loan Document or any Second Lien Loan Document;
(c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Second Lien Obligations or any guaranty guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any Obligorother Grantor; or
(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Company or any Obligor other Grantor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First Lien Obligations, Obligations or of the Second Lien Collateral Agent or any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations in respect of this Agreement.
Appears in 1 contract
Samples: Intercreditor Agreement (AMERICAN EAGLE ENERGY Corp)
