Cash Flow Intercreditor Agreement definition
Examples of Cash Flow Intercreditor Agreement in a sentence
The Cash Flow Collateral Representative shall act for the Cash Flow Collateral Secured Parties as provided in this Agreement, and shall be entitled to so act at the direction of the Requisite Cash Flow Holders from time to time, except as otherwise agreed in writing by and among the Cash Flow Collateral Agents (including pursuant to the Cash Flow Intercreditor Agreement).
In the event of any conflict between the terms of any Intercreditor Agreement and this Agreement, the terms of such Intercreditor Agreement shall govern and control as among (i) the Collateral Agent and the ABL Agent, in the case of the ABL/Term Loan Intercreditor Agreement and (ii) the Collateral Agent, any Senior Priority Agent (as defined in the Cash Flow Intercreditor Agreement) and any other Junior Priority Agent in the case of the Cash Flow Intercreditor Agreement.
Selecting officials will maintain a record of the reasons for their selection.
Notwithstanding any provision of this Section 5.11 to the contrary, prior to the Discharge of Senior Priority Obligations, the requirements of this Section 5.11 to deliver any Collateral to the Collateral Agent shall be deemed satisfied by delivery of such Collateral to the First Lien Agent or the Senior Priority Representative (as such term is defined in the Cash Flow Intercreditor Agreement).
This Indenture is a “Cash Flow Credit Agreement” under and as defined in the Cash Flow Intercreditor Agreement.