Intercreditor Agreements definition
Examples of Intercreditor Agreements in a sentence
For the avoidance of doubt, to the extent any provision of any of the Intercreditor Agreements conflicts with the express provisions of this Indenture, the provisions of such Intercreditor Agreement shall govern and be controlling.
No past, present or future director, officer, employee, incorporator or stockholder of any Note Party, as such, will have any liability for any obligations of such Note Party under this Indenture, the Intercreditor Agreements or the Notes or for any claim based on, in respect of, or by reason of, such obligations or their creation.
Except as otherwise provided in the Security Documents, the Collateral Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Indenture, the Security Documents or the Intercreditor Agreements in accordance with a request, direction, instruction or consent of the Trustee or the Majority Holders and such request and any action taken or failure to act pursuant thereto shall be binding upon all of the Holders.
Subject to Sections 8.01, 7.05 and 7.09, the immediately following sentence and the terms of the Intercreditor Agreements, the Issuer, the Trustee and, if required, the Collateral Agent may, with the consent of the Majority Holders, amend or supplement the Note Documents or waive compliance with any provision of the Note Documents.
The rights, duties and benefits of the Trustee and the Collateral Agent are governed by this Indenture and the Intercreditor Agreements.