First Lien Pari Passu Intercreditor Agreement definition

First Lien Pari Passu Intercreditor Agreement means an agreement among each First Lien Representative and each First Lien Collateral Agent allocating rights among the various Series of First Lien Obligations.

First Lien Pari Passu Intercreditor Agreement means an intercreditor agreement among the Loan Parties, the Administrative Agent, the Collateral Agent and one or more Incremental Equivalent Debtholder Representatives, substantially in the form of Exhibit D-1.

First Lien Pari Passu Intercreditor Agreement means the Pari Passu Intercreditor Agreement substantially in the form of Exhibit E-1 among the First Lien Administrative Agent and one or more Senior Representatives for holders of Indebtedness permitted by this Agreement to be secured by the Collateral on a pari passu basis, with such modifications thereto as the First Lien Administrative Agent and the Borrower may reasonably agree.

Examples of First Lien Pari Passu Intercreditor Agreement in a sentence

• Upon any Additional First Lien Representative and Additional First Lien Collateral Agent so becoming a party hereto and becoming a party to the First Lien Pari Passu Intercreditor Agreement in accordance with the terms thereof, all Additional First Lien Obligations of such Series shall also be entitled to be so secured by a senior Lien on the Collateral in accordance with the terms hereof and thereof.

• First Lien Pari Passu Intercreditor Agreement, dated as of August 6, 2019, between Revlon, Products Corporation, certain subsidiaries of Products Corporation party thereto from time to time, Wilmington Trust, as administrative agent and collateral agent, and Citibank, N.A. (incorporated by reference to Exhibit 4.5 to the Revlon Q2 2019 Form 10-Q).

• All payments received by any First Lien Representative, First Lien Collateral Agent or other First Lien Claimholder may be applied, reversed and reapplied, in whole or in part, to such part of the First Lien Obligations provided for in the First Lien Loan Documents (subject to the First Lien Pari Passu Intercreditor Agreement, if then in effect).

• Except as otherwise provided herein or in the ABL Intercreditor Agreement, all payments received by the First Lien Secured Parties may be applied, reversed and reapplied, in whole or in part, to such part of the First Lien Obligations by the First Lien Secured Parties in a manner consistent with the terms of the First Lien Documents, the First Lien Pari Passu Intercreditor Agreement and the ABL Intercreditor Agreement.

• The First Lien Representative is acting in this Agreement solely in its capacity as Collateral Agent under the First Lien Pari Passu Intercreditor Agreement, and shall be entitled to all of the rights, privileges and immunities of the Collateral Agent set forth therein and in the First Lien Documents, as if such rights, privileges and immunities were set forth herein.

More Definitions of First Lien Pari Passu Intercreditor Agreement

First Lien Pari Passu Intercreditor Agreement means the Pari Passu Intercreditor Agreement, dated as of June 23, 2016 and as the same may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, by and among the Grantors, the First Lien Representative, the Term Loan Agent, the First Lien Trustee and each other First Lien Authorized Representative from time to time party thereto.

First Lien Pari Passu Intercreditor Agreement has the meaning assigned to such term in the First Lien Credit Agreement.

First Lien Pari Passu Intercreditor Agreement means an agreement entered into by the First Priority Collateral Agent and the representative of the holders of additional First Priority Obligations, in substantially the form agreed and authorized by the First Priority Secured Parties.

First Lien Pari Passu Intercreditor Agreement means that certain intercreditor agreement, dated as of the Issue Date, by and among the Superpriority Credit Facility Collateral Agent, Superpriority Credit Facility Administrative Agent, the 2025 Notes Trustees, the 2025 Notes Collateral Agents, the 2025 Credit Facility Administrative Agent, the 2025 Credit Facility Collateral Agent, the 2023 Credit Facility Administrative Agent, the 2023 Credit Facility Collateral Agent and each additional agent from time to time party thereto, and acknowledged by the grantors from time to time party thereto, as may be amended, restated, supplemented or replaced, in whole or in part, from time to time.

First Lien Pari Passu Intercreditor Agreement means the intercreditor agreement, dated as of April 24, 2020, among U.S Bank National Association, as collateral agent with respect to the First Lien Notes, Citicorp North America, Inc., as collateral agent with respect to the First Lien Credit Facilities, the Company, the guarantors party thereto and each additional agent from time to time party thereto (as the same may be amended, restated, renewed, replaced or otherwise modified from time to time).

First Lien Pari Passu Intercreditor Agreement means an intercreditor agreement substantially in the form of Exhibit J hereto (which agreement in such form, or with immaterial changes thereto, the Administrative Agent is authorized to enter into) together with any material changes thereto which are reasonably acceptable to the Administrative Agent and which material changes shall be posted to the Lenders not less than five (5) Business Days before execution thereof and, if the Required Lenders shall not have objected to such changes within five (5) Business Days after posting, then the Required Lenders shall be deemed to have agreed that the Administrative Agent’s entry into such intercreditor agreement (with such changes) is reasonable and to have consented to such intercreditor agreement (with such changes) and to the Administrative Agent’s execution thereof.

First Lien Pari Passu Intercreditor Agreement means any intercreditor agreement among the Agents (or any of them) one or more Representatives for holders of Indebtedness permitted by this Agreement to be secured by the Collateral on a pari passu basis (but without regard to the control of remedies) (and any other Persons party thereto) with the Loan Document Obligations in customary form reasonably acceptable to the Administrative Agent and the Lead Borrower, as amended, amended and restated, modified, supplemented, extended or renewed from time to time not in violation of the terms hereof or thereof.