Factor Intercreditor Agreement definition

Factor Intercreditor Agreement means that certain Intercreditor and Assignment Agreement dated August 6, 2007, among Agent, Factor, and JCC pursuant to which, among other things, (a) JCC has assigned to Agent, for its benefit and for the benefit of Lenders, all sums at any time due or to become due from Factor to JCC under the Factoring Agreement and other Factor Documents and (b) Factor and Agent have established the relative priorities of their security interests and liens with respect to JCC's Accounts and other property.

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Factor Intercreditor Agreement means that certain Amended and Restated Assignment and Intercreditor Agreement dated July 1, 2005, among Borrower, Lender and Factor, and any amendments, supplements, modifications, extensions and renewals thereof.

Factor Intercreditor Agreement has the meaning assigned to such term in Section 6.11(d). A Factoring Intercreditor Agreement shall be deemed to include any documents (such as a confidentiality or access agreement) entered into in connection therewith.

Examples of Factor Intercreditor Agreement in a sentence

Borrowers shall not enter into or permit any amendment or modification to the Factoring Agreement except to the extent expressly permitted under the Factor Intercreditor Agreement.
Borrower and SunTrust shall have executed and delivered to Agent the Factor Intercreditor Agreement and Factor Assignment Agreement, in form and substance satisfactory to Agent in all respects.
Any default or event of default shall occur under, or any Borrower shall default in the observance or performance of any term, covenant, condition or agreement contained in any Factoring Agreement or any Factor Assignment Agreement or any default or event of default shall occur under any Factor Intercreditor Agreement and such default shall continue beyond any applicable grace period.
Enter into or permit any amendment or modification to the Factoring Agreement except to the extent expressly permitted under the Factor Intercreditor Agreement.

More Definitions of Factor Intercreditor Agreement

Factor Intercreditor Agreement means an intercreditor agreement, in form and substance satisfactory in all respects to Agents, that is executed by a Factor in favor of Collateral Agent in connection with a Factoring Agreement between a Borrower and a Factor.

Factor Intercreditor Agreement means the Intercreditor Agreement dated on or about the Closing Date between Factor and Agent by which, among other things, such parties establish the relative priorities of their Liens with respect to ▇▇▇▇▇▇▇▇▇▇'▇ Accounts.

Factor Intercreditor Agreement means the Springing Assignment and Intercreditor Agreement, dated on or about the date hereof, by and among Agent, Factor and Sweater, as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced.

Factor Intercreditor Agreement any intercreditor agreement executed and delivered on the Closing Date by the Bank and a factor party to a factoring agreement with any Borrower, as the same may be amended, supplemented or otherwise modified from time to time.

Factor Intercreditor Agreement as defined in the Senior Loan Agreement. FATCA: Sections 1471 through 1474 of the Code (including any amended or successor version if substantively comparable and not materially more onerous to comply with), and any agreements entered into pursuant to Section 1471(b)(1) of the Code. Fiscal Quarter: each period of three months, commencing on the first day of a Fiscal Year. Fiscal Year: the fiscal year of Borrowers and Subsidiaries for accounting and tax purposes, ending on September 30 of each year.

Factor Intercreditor Agreement an assignment of factoring credit balances and intercreditor agreement (or document of similar name) among a Borrower, Lender and a Factor, in form and substance acceptable to Lender, pursuant to which such Borrower assigns to Lender the right to receive monies due under the applicable Factoring Agreement and the Factor agrees not to (a) advance or loan funds to such Borrower or guarantee obligations of such Borrower (except to the extent the Factor agrees not to offset amounts payable to it with respect thereto against amounts due under the Factoring Agreement), or (b) offset ledger debt against amounts due under the applicable Factoring Agreement, and "Factor Intercreditor Agreements" means all such agreements collectively.