Examples of Equal Priority Intercreditor Agreement in a sentence
Notwithstanding anything herein to the contrary, (i) the priority of the Liens and security interests granted to the Collateral Agent for the benefit of the Secured Parties pursuant to this Agreement and (ii) the exercise of any right or remedy by the Collateral Agent hereunder or the application of proceeds of any Collateral, in each case, are subject to the limitations and provisions of the Equal Priority Intercreditor Agreement to the extent provided therein.
So long as the Equal Priority Intercreditor Agreement is outstanding, the requirement of this Agreement to deliver any Collateral to the Collateral Agent shall be deemed satisfied by the delivery of such Collateral to the Controlling Collateral Agent, as gratuitous bailee for the Secured Parties (as defined in the Equal Priority Intercreditor Agreement).
Subject to the Equal Priority Intercreditor Agreement, to the extent permitted by applicable Law, any Secured Party may be a purchaser at any such sale.
Subject to the Equal Priority Intercreditor Agreement, in addition to the rights and remedies hereunder, the Collateral Agent may, in compliance with Sections 9–620 and 9–621 of the UCC, or otherwise complying with the requirements of applicable Law of the relevant jurisdiction, accept or retain the Collateral in satisfaction of the Secured Obligations.
Subject to the Equal Priority Intercreditor Agreement, the Collateral Agent shall not be obligated to make any sale or other disposition of the Collateral regardless of notice having been given.