Junior Intercreditor Agreement definition

Junior Intercreditor Agreement an intercreditor agreement in respect of Indebtedness intended to be secured by some or all of the Collateral on a junior priority basis with the Obligations, the terms of which are consistent with market terms governing security arrangements for the sharing of liens on a junior basis at the time such intercreditor agreement is proposed to be established in light of the type of Indebtedness to be secured by such liens, as determined in good faith by the Borrower and the Administrative Agent.

Junior Intercreditor Agreement means the Junior Lien Intercreditor and Subordination Agreement, dated as of the Issue Date, by and among the Issuer, the Grantors and Guarantors party thereto, the First Priority Collateral Agent, the Collateral Agent, and each additional Representative party thereto from time to time, as amended, amended and restated and supplemented.

Junior Intercreditor Agreement has the meaning specified in Section 10.7(c).

Examples of Junior Intercreditor Agreement in a sentence

• Pursuant to Sections 6.01 and 6.03 of the Junior Intercreditor Agreement, the Prepetition Second Lien Secured Parties have agreed that they will not object to the incurrence of DIP financing, or the use of cash collateral, where such financing or cash collateral use has been consented to (and no objected to) by the Prepetition First Lien Secured Parties.

• This change has been made based on a written comment received by the public hearing deadline.

• This was most evident during the early years of the Child Support Grant, when organisations such as the Children’s Institute and Black Sash highlighted ‘worrying ..

• By executing and delivering this Junior Intercreditor Agreement Joinder, the undersigned, , a , hereby agrees to become party as a Grantor under the Junior Intercreditor Agreement for all purposes thereof on the terms set forth therein, and to be bound by the terms of the Junior Intercreditor Agreement as fully as if the undersigned had executed and delivered the Junior Intercreditor Agreement as of the date thereof.

• As such, the Prepetition 1.25L Notes Secured Parties already stand to receive everything they would be entitled to request under the Prepetition Junior Intercreditor Agreement and are otherwise not permitted to object to the Prepetition 1L Notes Secured Parties’ adequate protection.

More Definitions of Junior Intercreditor Agreement

Junior Intercreditor Agreement means the Collateral Agency and Second Lien Intercreditor Agreement of even date herewith among the Notes Trustee, the Bonds Trustee and Collateral Agent, as in effect on the date hereof, and as amended, supplemented or otherwise modified in a manner permitted by the Agent's Loan Agreement.

Junior Intercreditor Agreement means the Intercreditor Agreement, dated as of the applicable date, between the Lender and the Senior Mezzanine Lender.

Junior Intercreditor Agreement means the Intercreditor Agreement, in form and substance reasonably satisfactory to the Agents, to be entered into on the Effective Date among the Borrower, the Subsidiary Guarantors, the Collateral Agent, the trustee under the First Lien Notes Indenture and the collateral agent under the Second Lien Loan Documents, as the same may be amended, supplemented or otherwise modified from time to time.

Junior Intercreditor Agreement means an intercreditor agreement to be entered into with representative of Indebtedness secured by a Lien having Junior Lien Priority substantially in the form attached to this Senior Secured Notes Indenture as Exhibit B or in such other form satisfactory to the Applicable Representative.

Junior Intercreditor Agreement means the Junior Lien Intercreditor and Subordination Agreement dated as of March 19, 2018, as amended, restated, amended and restated, supplemented, or otherwise modified from time to time to add other parties holding Additional First Lien Obligations and additional Junior Lien Obligations permitted to be incurred under this Indenture.

Junior Intercreditor Agreement means an intercreditor agreement to be entered into among the Company, the Guarantors, the Trustee, the Collateral Agent, on behalf of itself and the Holders, the authorized representative of any Pari Passu Lien Obligations, on behalf of itself and the holders of such Pari Passu Lien Obligations and the authorized representative of any Junior Lien Obligations, on behalf of itself and the holders of such Junior Lien Obligations, which agreement shall be on customary terms and establish that the Liens on any Collateral securing such Junior Lien Obligations shall rank junior to the Liens on such Collateral securing any obligations under this Indenture, the Notes, the Note Guarantees and any other Pari Passu Lien Obligations.

Junior Intercreditor Agreement means an intercreditor agreement to be entered into with a representative of Indebtedness secured by a Lien having Junior Lien Priority substantially in the form attached as Exhibit D or in such other form satisfactory to the Applicable Representative.