Examples of Closing Date Intercreditor Agreement in a sentence
The Lenders hereby authorize the Administrative Agent to enter into the Closing Date Intercreditor Agreement, any Junior Lien Intercreditor Agreement or other intercreditor agreement or arrangement permitted under this Agreement and any such intercreditor agreement is binding upon the Lenders.
The foregoing provisions are intended as an inducement to the Secured Parties to extend credit to the Borrower, and the Secured Parties are intended third party beneficiaries of such provisions and the provisions of the Closing Date Intercreditor Agreement and any other Acceptable Intercreditor Agreement and/or any Additional Agreement.
Notwithstanding anything to the contrary contained herein, a Guarantor shall be automatically released from its obligations under all of the Loan Documents upon its release under the First Lien Loan Documents (other than in connection with the Discharge of First Lien Credit Agreement Obligations) to the extent required pursuant to the terms of the Closing Date Intercreditor Agreement.
Each of the Lenders hereby agrees to be bound by the terms of the Closing Date Intercreditor Agreement and any other Intercreditor Agreement.
Each Lender (and each Person that becomes a Lender under this Agreement) hereby authorizes and directs the Collateral Agent to enter into the Closing Date Intercreditor Agreement and any other Intercreditor Agreement on behalf of such Lender and agrees that the Collateral Agent may take such actions on its behalf as is contemplated by the terms of the Closing Date Intercreditor Agreement and any other Intercreditor Agreement.