Intercreditor Action definition

Intercreditor Action has the meaning ascribed to such term in the Intercreditor Agreement. Agreement.
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Intercreditor Action has the meaning given to such term in Section 13.13.
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Intercreditor Action has the meaning given to such term in Section 13.13. “Intercreditor Agreement” means, Accounts Intercreditor Agreement (as amended, modified, waived, restated or replaced from time to time), dated as of January 30, 2023, by and among (i) the Controlled Accounts Agent, (ii) the Third Party Allocation Agent, (iii) SouthernCo, as sponsor (in such capacity, the “Sponsor”), (iv) Heights Financing I, LLC (“Heights”), as borrower (in such capacity, the “Warehouse Borrower”) under the Warehouse Basic Documents (as defined therein), (v) Computershare, as collateral agent (in such capacity, and not in its individual capacity, the “Warehouse Collateral Agent”) under the Warehouse Basic Documents, (vi) SouthernCo, as servicer under the Warehouse Basic Documents, (vii) Heights Finance, as subservicer, and (viii) any trustee, custodian, collateral agent, paying agent or other person that is authorized on behalf of the lenders, holders of securities and other interest holders party to or under any other financing facility, from time to time entered into by Sponsor and/or its affiliates, that are or become signatories thereto by execution of a Joinder Agreement and the related Joined Party SPV (each as defined therein) joined hereto by execution of such Joinder Agreement. “Interest” means, for any Interest Period and each Loan outstanding during such Interest Period, interest on the Principal Amount of such Loan computed pursuant to Section 2.07; provided, however, that (i) no provision of this Agreement shall require or permit the collection of
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Examples of Intercreditor Action in a sentence

  • If an Event of Default is continuing, a successor Collateral Agent and/or Intercreditor Agent, as the case may be, shall be appointed by Intercreditor Action.

  • No Secured Party may take any Intercreditor Action under this Agreement except in accordance with this Agreement.

  • Unless resolved before Confirmation, the TCEH First Lien Notes Trustee and/or the Holders of TCEH First Lien Claims will continue to seek entry of the TCEH First Lien Creditor Plan Distribution Allocation Order resolving the TCEH First Lien Creditor Plan Distribution Allocation Dispute through an adjudication of the TCEH First Lien Note Intercreditor Action or otherwise.

  • No Secured Party shall have any right individually to realize upon any of the Collateral (as applicable), it being understood and agreed that all powers, rights and remedies under any of the Collateral Documents may be exercised solely by the Collateral Agent (acting at the instructions of the Intercreditor Agent (acting pursuant to an Intercreditor Action)) for the benefit of the Secured Parties in accordance with the terms thereof.

  • In exercising rights and remedies with respect to the Collateral in accordance with this Agreement, the Representatives and the other Secured Parties may enforce the provisions of the Debt Documents and exercise remedies thereunder, all in such order and in such manner pursuant to and in accordance with an Intercreditor Action.

  • The Collateral Agent and/or the Intercreditor Agent may be removed with five Business Days prior written notice with or without cause by an Intercreditor Action or the Company.


More Definitions of Intercreditor Action

Intercreditor Action has the meaning given to such term in Section 6.3 (Intercreditor Action). Inventory means Crude Oil and Products.
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Intercreditor Action has the meaning set forth in Section 5.03(d).
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