General Intercreditor Agreement definition
Examples of General Intercreditor Agreement in a sentence
The subordination of Liens by the New First Lien Collateral Agent in favor of the ABL Collateral Agent as set forth herein shall not be deemed to subordinate the respective Liens of the New First Lien Collateral Agent or the New First Lien Secured Parties to Liens securing any other Obligations other than the ABL Obligations (subject to the First Lien Intercreditor Agreement and any Additional General Intercreditor Agreement).
If you do not qualify, you may still participate if you can make arrangements to pay normal tuition and fees.
Any or all of the Collateral delivered to Collateral Agent may be held in an interest-bearing or non-interest-bearing account, in Collateral Agent’s sole and absolute discretion, and such interest may be applied to payment of the Secured Obligations in accordance with the Collateral Agent Agreement, the First Lien Intercreditor Agreement and the General Intercreditor Agreement.
The CF Collateral Agent and the Bonds Collateral Agent, acknowledge and agree, as between themselves and on behalf of the applicable Subordinated Lien Secured Parties, that the relative priorities as among themselves of the Liens granted on Common Collateral and other collateral secured CF Obligations and/or Bonds Obligations is governed under the General Intercreditor Agreement.
Terms used without definition herein have the meanings assigned to such term by the Additional General Intercreditor Agreement, dated as of October 23, 2012 (the “Additional General Intercreditor Agreement”), among Bank of America, N.A., as First Lien Collateral Agent, The Bank of New York Mellon, as Junior Lien Collateral Agent, and The Bank of New York Mellon Trust Company, N.A., as 2009 Second Lien Indenture Trustee.