Similar Liens and Agreements; Legend. (a) The parties hereto agree, subject to the other provisions of this Intercreditor Agreement, upon request by First Lien Agent or Second Lien Agent, as the case may be, to advise the other from time to time of the Collateral for which such party has taken steps to perfect its Liens and to identify the parties obligated under the First Lien Documents or the Second Lien Documents, as the case may be.Reserved. (b) Grantors hereby agree, and Second Lien Agent, for itself and on behalf of the Second Lien Secured Parties, hereby agrees and confirms, that any and all Second Lien Documents shall at all times include the following language (or language to similar effect approved by First Lien Agent): "Anything herein to the contrary notwithstanding, the liens and security interests securing the obligations evidenced by this [note/security agreement/note document], the exercise of any right or remedy with respect thereto, and certain of the rights of the holder hereof are subject to the provisions of the Intercreditor Agreement dated as of August 31, 2017 (as amended, restated, supplemented, or otherwise modified from time to time, the “Intercreditor Agreement”), by and between PNC Bank, National Association, as First Lien Agent, and Wilmington Savings Fund Society, FSB, as Second Lien Agent. In the event of any conflict between the terms of the Intercreditor Agreement and this [note/security agreement/note document], the terms of the Intercreditor Agreement shall govern and control."
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Samples: Intercreditor Agreement (A. M. Castle & Co.), Intercreditor Agreement (Total Plastics, Inc.)
Similar Liens and Agreements; Legend. (a) The parties hereto agree, subject to the other provisions of this Intercreditor Agreement, upon request by First Lien Agent or Second Lien Agent, as the case may be, to advise the other from time to time of the Collateral for which such party has taken steps to perfect its Liens and to identify the parties obligated under the First Lien Documents or the Second Lien Documents, as the case may be.Reserved.
(b) Grantors hereby agree, and Second Lien Agent, for itself and on behalf of the Second Lien Secured Parties, hereby agrees and confirms, that any and all Second Lien Documents shall at all times include the following language (or language to similar effect approved by First Lien Agent): "Anything herein to the contrary notwithstanding, the liens and security interests securing the obligations evidenced by this [note/security agreement/note document], the exercise of any right or remedy with respect thereto, and certain of the rights of the holder hereof are subject to the provisions of the Intercreditor Agreement dated as of August 31[_____], 2017 2020 (as amended, restated, supplemented, or otherwise modified from time to time, the “Intercreditor Agreement”), by and between PNC Bank, National Association, as First Lien Agent, and Wilmington Savings Fund Society, FSB, as Second Lien Agent. In the event of any conflict between the terms of the Intercreditor Agreement and this [note/security agreement/note document], the terms of the Intercreditor Agreement shall govern and control."
Appears in 2 contracts
Samples: Intercreditor Agreement (Total Plastics, Inc.), Intercreditor Agreement (Total Plastics, Inc.)
Similar Liens and Agreements; Legend. (a) The parties hereto agree, subject to the other provisions of this Intercreditor Agreement, upon request by First Lien Agent or Second Lien Agent, as the case may be, to advise the other from time to time of the Collateral for which such party has taken steps to perfect its Liens and to identify the parties obligated under the First Lien Documents or the Second Lien Documents, as the case may be.Reserved.
(b) Grantors hereby agree, and Second Lien Agent, for itself and on behalf of the Second Lien Secured Parties, hereby agrees and confirms, that any and all Second Lien Documents shall at all times include the following language (or language to similar effect approved by First Lien Agent): "Anything herein to the contrary notwithstanding, the liens and security interests securing the obligations evidenced by this [note/security agreement/note document], the exercise of any right or remedy with respect thereto, and certain of the rights of the holder hereof are subject to the provisions of the Intercreditor Agreement dated as of August 31March 27, 2017 2020 (as amended, restated, supplemented, or otherwise modified from time to time, the “Intercreditor Agreement”), by and between PNC Bank, National Association, as First Lien Agent, and Wilmington Savings Fund Society, FSB, as Second Lien Agent. In the event of any conflict between the terms of the Intercreditor Agreement and this [note/security agreement/note document], the terms of the Intercreditor Agreement shall govern and control."
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Similar Liens and Agreements; Legend. (a) The parties hereto agree, subject to the other provisions of this Intercreditor Agreement, upon request by First Lien Agent or Second Lien Agent, as the case may be, to advise the other from time to time of the Collateral for which such party has taken steps to perfect its Liens and to identify the parties obligated under the First Lien Documents or the Second Lien Documents, as the case may be.Reserved.
(b) Grantors hereby agree, and Second Lien Agent, for itself and on behalf of the Second Lien Secured Parties, hereby agrees and confirms, that any and all Second Lien Documents shall at all times include the following language (or language to similar effect approved by First Lien Agent): "“Anything herein to the contrary notwithstanding, the liens and security interests securing the obligations evidenced by this [note/security agreement/note document], the exercise of any right or remedy with respect thereto, and certain of the rights of the holder hereof are subject to the provisions of the Intercreditor Agreement dated as of August 31, 2017 (as amended, restated, supplemented, or otherwise modified from time to time, the “Intercreditor Agreement”), by and between PNC Bank, National Association, as First Lien Agent, and Wilmington Savings Fund Society, FSB, as Second Lien Agent. In the event of any conflict between the terms of the Intercreditor Agreement and this [note/security agreement/note document], the terms of the Intercreditor Agreement shall govern and control."”
Appears in 1 contract
Similar Liens and Agreements; Legend. (a) The parties hereto agree, subject to the other provisions of this Intercreditor Agreement, upon request by First Lien Agent or Second Lien Agent, as the case may be, to advise the other from time to time of the Collateral for which such party has taken steps to perfect its Liens and to identify the parties obligated under the First Lien Documents or the Second Lien Documents, as the case may be.Reserved.
(b) Grantors hereby agree, and Second Lien Agent, for itself and on behalf of the Second Lien Secured Parties, hereby agrees and confirms, that any and all Second Lien Documents shall at all times include the following language (or language to similar effect approved by First Lien Agent): "Anything herein to the contrary notwithstanding, the liens and security interests securing the obligations evidenced by this [note/security agreement/note document], the exercise of any right or remedy with respect thereto, and certain of the rights of the holder hereof are subject to the provisions of the Intercreditor Agreement dated as of August 31, 2017 (as amended, restated, supplemented, or otherwise modified from time to time, the “Intercreditor Agreement”), by and between PNC Bank, National Association, as First Lien Agent, and Wilmington Savings Fund Society, FSB, as Second Lien Agent. In the event of any conflict between the terms of the Intercreditor Agreement and this [note/security agreement/note document], the terms of the Intercreditor Agreement shall govern and control."
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