Applicable Intercreditor Arrangements means customary intercreditor arrangements that are reasonably satisfactory to the Administrative Agent (provided that, in the case of Indebtedness secured by Xxxxx on a junior basis to the Facilities, the First Lien/Second Lien Intercreditor Agreement shall be deemed satisfactory).
Applicable Intercreditor Arrangements means (i) the Junior Lien Intercreditor Agreement, (ii) the Pari Passu Intercreditor Agreement and (iii) any other intercreditor or subordination agreement or arrangement (which may take the form of a “waterfall” or similar provision), as applicable, the terms of which are (a) consistent with market terms (as determined by the Borrower and the Administrative Agent in good faith) governing arrangements for the sharing and/or subordination of liens and/or arrangements relating to the distribution of payments, as applicable, at the time the relevant intercreditor agreement is proposed to be established in light of the type of Indebtedness subject thereto or (b) reasonably acceptable to the Borrower and the Administrative Agent; provided, that, with respect to this clause (iii)(b), the terms shall be deemed reasonably acceptable to the Administrative Agent and/or Collateral Agent (and the Administrative Agent and/or Collateral Agent shall be automatically and irrevocably deemed to have been directed by the Lenders to enter into such other intercreditor agreement) if such intercreditor agreement is either substantially in the form of (x) Exhibit G-1 as modified solely with immaterial changes or to add new parties, (y) Exhibit G-2 as modified solely with immaterial changes or to add new parties or (z) posted to the Lenders and not objected to by the Required Lenders within 10 Business Days of the posting thereof.
Applicable Intercreditor Arrangements means customary intercreditor arrangements that are reasonably satisfactory to the Administrative Agent (provided, that if any Indebtedness is secured on a junior basis to the Facilities, the First Lien/Second Lien Intercreditor Agreement (or a form substantially similar thereto) shall be deemed satisfactory for the Administrative Agent)).
More Definitions of Applicable Intercreditor Arrangements
Applicable Intercreditor Arrangements means customary intercreditor arrangements that are reasonably satisfactory to the Administrative Agent (provided that, (i) in the case of Indebtedness secured by Liens ranking pari passu with the First Lien Obligations, the First Lien/Second Lien Intercreditor Agreement shall be deemed satisfactory and (ii) in the case of Indebtedness secured by Liens ranking pari passu with the Obligations, such arrangements shall include a customary pari passu intercreditor agreement reasonably satisfactory to the Administrative Agent and, if required by the First Lien Facilities Documentation, the First Lien/Second Lien Intercreditor Agreement).
Applicable Intercreditor Arrangements means customary intercreditor arrangements that are reasonably satisfactory to the Administrative Agent and the Borrower Representative, it being understood that the form first lien/second lien intercreditor agreement attached as Exhibit G-1 hereto and the form pari passu intercreditor agreement attached as Exhibit G-2 hereto are satisfactory to the Administrative Agent.
Applicable Intercreditor Arrangements means customary intercreditor arrangements (it being understood that (i) any Intercreditor Agreement (or any substantially similar agreement) and (ii) any intercreditor arrangements satisfactory to the First Lien Credit Agreement Collateral Agent, are “Applicable Intercreditor Arrangements”).
Applicable Intercreditor Arrangements means customary intercreditor arrangements and/or subordination agreements, as applicable, that are reasonably satisfactory to the Administrative Agent, the Required Closing Date Lenders and the Borrower, it being understood that the form of first lien/second lien intercreditor agreement attached as Exhibit M-1 hereto and the form of pari passu intercreditor agreement attached as Exhibit M-2 hereto are reasonably satisfactory to the Administrative Agent and the Required Closing Date Lenders.
Applicable Intercreditor Arrangements means (i) the Junior Lien Intercreditor Agreement,
Applicable Intercreditor Arrangements means customary intercreditor arrangements that are reasonably satisfactory to the Administrative Agent, it being understood that the form of first lien/second lien intercreditor agreement attached as Exhibit G-1 and the form of pari passu intercreditor agreement attached as Exhibit G-2 hereto are reasonably satisfactory to the Administrative Agent.