ADT Intercreditor Agreement definition

ADT Intercreditor Agreement means the First Lien/First Lien Intercreditor Agreement, dated as of May 2, 2016, among Barclays Bank PLC and Wells Fargo Bank, National Association.
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ADT Intercreditor Agreement means the First Lien/First Lien Intercreditor Agreement, dated as of May 2, 2016, among Barclays Bank PLC and Xxxxx Fargo Bank, National Association.
Sample 1Sample 2Sample 3
ADT Intercreditor Agreement means the First Lien/First Lien Intercreditor Agreement, dated as of May 2, 2016, among Barclays Bank PLC and Xxxxx Fargo Bank, National Association. 751499193.15 22727329 3 “ADT Barclays Lien Release Acknowledgement” means that certain Xxxx Release Request and Acknowledgement to be entered into prior to the initial Borrowing Date between Prime Securities Borrower, LLC, as xxxxxxx, and Barclays Bank PLC, as collateral agent. “ADT Xxxxx Fargo Lien Release Acknowledgement” means that certain Lien Release Request and Acknowledgement to be entered into prior to the initial Borrowing Date between Prime Securities Borrower, LLC, as xxxxxxx, and Xxxxx Fargo Bank, National Association, as collateral agent. “ADT Obligations” means any obligation owed by any ADT Entity (other than the Borrower) to the Collateral Agent, the Administrative Agent, any Group Agent, any Lender, any Indemnified Party, any other Affected Person, arising out of or in connection with this Agreement and each other Transaction Document, whether now or hereafter existing, due or to become due, direct or indirect or absolute or contingent, including, all Indemnified Amounts payable pursuant to Section 11.02 and without duplication, all Erroneous Payment Subrogation Rights arising pursuant to Section 10.12. “ADT Solar” means ADT Solar LLC, a Louisiana limited liability company. “Advance Rate” means, in respect of any Receivable, the applicable “Advance Rate” set forth in the Advance Rate Matrix corresponding to such Receivable based upon the FICO Score of the related Obligor and the Original Term of such Receivable; provided that, to the extent the Third Milestone Ratio exceeds 20.0%, the Advance Rate for any Eligible Receivable, or group of Eligible Receivables, that causes such excess shall be reduced by 5.0%; provided further that for any Receivable that has not achieved the Third Milestone and for which more than 180 days has elapsed since such Receivable achieved the First Milestone, the Advance Rate for such Receivable shall be reduced by 10.0%. “Advance Rate Matrix” means the Advance Rate Matrix attached as Schedule V to this Agreement, as may be amended from time to time with the consent of all Group Agents. “Adverse Claim” means any claim of ownership or any Lien other than any Permitted Adverse Claims. “Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution. “Affected Person” means each Credit Party, each Program Support Provider, the...
Sample 1

Related to ADT Intercreditor Agreement

  • Intercreditor Agreement means the Intercreditor Agreement dated as of the Issue Date (and as may be amended, restated, amended and restated, supplemented or otherwise modified from time to time), between, among others, the Company, the Guarantors, the Trustee, the Collateral Agent, and each additional authorized representative and collateral agent from time to time party thereto.

  • Permitted Junior Intercreditor Agreement means, with respect to any Liens on Collateral that are intended to be junior to any Liens securing the Term B Loans (and other Loan Obligations that are pari passu with the Term B Loans) (including, for the avoidance of doubt, junior Liens pursuant to Section 2.21(b)(ii) and (v)), either (as the Borrower shall elect) (x) the First Lien/Second Lien Intercreditor Agreement if such Liens secure “Second Lien Obligations” (as defined therein), (y) another intercreditor agreement not materially less favorable to the Lenders vis-à-vis such junior Liens than the First Lien/Second Lien Intercreditor Agreement (as determined by the Borrower in good faith) or (z) another intercreditor agreement the terms of which are consistent with market terms governing security arrangements for the sharing of liens on a junior basis at the time such intercreditor agreement is proposed to be established in light of the type of Indebtedness to be secured by such liens, as determined by the Administrative Agent and the Borrower in the exercise of reasonable judgment.

  • Intercreditor Agent has the meaning given to such term in the Intercreditor Agreement.