Base Intercreditor Agreement definition
Examples of Base Intercreditor Agreement in a sentence
Each Holder, by its acceptance of Notes, (a) consents to the subordination of Liens on Collateral provided for in the Base Intercreditor Agreement (if and to the extent applicable), (b) agrees that it will be bound by and will take no actions contrary to the provisions of any Intercreditor Agreement and (c) authorizes and instructs the Note Collateral Agent to enter into each Intercreditor Agreement as a “Senior Priority Agent” thereunder, in each case, on behalf of such Holder.
This Indenture is a “Senior Priority Agreement” under and as defined in the Base Intercreditor Agreement.
The Note Collateral Agent and the Trustee shall enter into the Base Intercreditor Agreement and any other Intercreditor Agreement at the request of the Company, provided that (in the case of such other Intercreditor Agreement) the Company will have delivered to the Note Collateral Agent and the Trustee an Officer’s Certificate to the effect that such other Intercreditor Agreement complies with the provisions of this Indenture, the Notes, the other Note Security Documents and the Intercreditor Agreements.