Floorplan Intercreditor Agreement definition

Floorplan Intercreditor Agreement means that certain Intercreditor and Collateral Access Agreement, dated July 22, 2022 and as amended as of the Restatement Date, by and among Wells Fargo Commercial Distribution Finance, LLC, the Administrative Agent and certain of the Loan Parties.
Sample 1
Floorplan Intercreditor Agreement means that certain Intercreditor and Collateral Access Agreement, dated July 22, 2022 and as amended as of the Restatement Date, by and among Xxxxx Fargo Commercial Distribution Finance, LLC, the Administrative Agent and certain of the Loan Parties.
Sample 1
Floorplan Intercreditor Agreement means the Amended and Restated Intercreditor Agreement, dated as of the date hereof, among the Company, the Administrative Agent and the Floorplan Collateral Agent.
Sample 1

Examples of Floorplan Intercreditor Agreement in a sentence

  • Such Approved Floorplan Financing shall have commitments and availability in such amounts and on such terms, including, but not limited to, with respect to the Floorplan Intercreditor Agreement and any applicable subordination agreement, as are reasonably satisfactory to Agent.

  • The Company agrees to pay all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent, including the reasonable fees, charges and disbursements of counsel for the Administrative Agent, in connection with the preparation, negotiation and execution of this Amendment and the Floorplan Intercreditor Agreement Amendment.

  • Subject to the satisfaction of the conditions precedent set forth in Section 3 below, the Administrative Agent is hereby directed and authorized to immediately enter into, on behalf of itself and the Holders of Secured Obligations, an amendment to the Floorplan Intercreditor Agreement in the form of Exhibit A hereto (the “Floorplan Intercreditor Agreement Amendment”).

  • The Company shall cause (i) the Floorplan Collateral (as defined in the Floorplan Intercreditor Agreement) to be identical in scope to the Collateral (other than with respect to Foreign Assets) and (ii) the obligors on the Floorplan Obligations (as defined in the Floorplan Intercreditor Agreement) to be identical in scope to the obligors on the Secured Obligations (other than with respect to Foreign Subsidiaries).

  • Outside Entity will provide evidence of the training and education of the Authorized Users on Xxxxx’s request.

  • Each Lender hereby authorizes the Administrative Agent on the Effective Date to enter into the Floorplan Intercreditor Agreement and to take all actions with respect to such agreement as contemplated hereunder or thereunder.


More Definitions of Floorplan Intercreditor Agreement

Floorplan Intercreditor Agreement means that certain Intercreditor and Collateral Access Agreement, dated as of the Closing Date, by and among Wells Fargo Commercial Distribution Finance, LLC, the Administrative Agent and certain of the Loan Parties.
Sample 1
Floorplan Intercreditor Agreement means that certain Intercreditor and Collateral Access Agreement, dated as of the Closing Date, by and among Xxxxx Fargo Commercial Distribution Finance, LLC, the Administrative Agent and certain of the Loan Parties.
Sample 1

Related to Floorplan Intercreditor Agreement

  • First Lien Intercreditor Agreement means an Intercreditor Agreement substantially in the form of Exhibit L among the Administrative Agent, the Collateral Agent and the representatives for purposes thereof for any other First Lien Secured Parties, with such changes thereto as may be reasonably acceptable to the Administrative Agent; provided that such changes are not materially adverse to the Lenders.

  • Junior Lien Intercreditor Agreement means an intercreditor agreement in form and substance reasonably satisfactory to the Administrative Agent between the Administrative Agent and one or more collateral agents or representatives for the holders of Indebtedness that is secured by a Lien on the Collateral ranking junior to the Liens of the Loan Documents.

  • Intercreditor Agreement means the Intercreditor Agreement dated the date hereof, among the Trustees, the Liquidity Provider, the liquidity provider under each Liquidity Facility (other than this Agreement) and the Subordination Agent, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms.

  • Market Intercreditor Agreement means an intercreditor agreement the terms of which are consistent with market terms governing security arrangements for the sharing and/or subordination of liens or arrangements relating to the distribution of proceeds of collateral, as applicable, at the time the intercreditor agreement is proposed to be established in light of the types of Indebtedness subject thereto.

  • Intercreditor Agreements means the First Lien Intercreditor Agreement and the Junior Lien Intercreditor Agreement, collectively, in each case to the extent in effect.

  • Pari Passu Intercreditor Agreement means an intercreditor agreement among the Administrative Agent and the other parties from time to time party thereto, substantially in the form of Exhibit I.

  • Acceptable Intercreditor Agreement means the Intercreditor Agreement, a Market Intercreditor Agreement, or another intercreditor agreement that is reasonably satisfactory to the Administrative Agent (which may, if applicable, consist of a payment “waterfall”).

  • Intercreditor Agent has the meaning given to such term in the Intercreditor Agreement.

  • Collateral Trust Agreement means that certain Collateral Trust Agreement, dated as of the Closing Date, by and among Collateral Trustee and Lenders, as amended, restated, supplemented or otherwise modified from time to time.