Common use of Subordination and Intercreditor Agreement Clause in Contracts

Subordination and Intercreditor Agreement. The Subordination and Intercreditor Agreement shall be on terms and conditions acceptable to the Administrative Agent and the Lenders in accordance with the terms hereof, and the Administrative Agent shall have received a copy of the resolutions of Interpool approving the transactions contemplated by such Subordination and Intercreditor Agreement. The Administrative Agent shall have received a duly executed copy, certified by an authorized officer of the Borrower as true, correct and complete and in full force and effect as of the Closing Date, of such Subordination and Intercreditor Agreement.

Subordination and Intercreditor Agreement. The Subordination and Intercreditor Agreement shall be have been amended on terms and conditions acceptable to the Administrative Agent and each of the Lenders in accordance with the terms hereof, and the Administrative Agent shall have received a copy of the resolutions of Interpool approving the transactions contemplated by such Subordination and Intercreditor Agreementamendment. The Administrative Agent Each Lender shall have received a duly executed copy, certified by an authorized officer of the Borrower as true, correct and complete and in full force and effect as of the Closing Date, of such Subordination and Intercreditor Agreement, as amended.