Junior Priority Lien Intercreditor Agreement definition

Junior Priority Lien Intercreditor Agreement means an intercreditor agreement substantially in the form of Exhibit I-2 among the Administrative Agent and/or the Collateral Agent and one or more representatives for the holders of one or more classes of Indebtedness permitted by this Agreement and that is intended (and/or required) to be secured on a junior lien basis to the Liens securing the Obligations, with such modifications thereto as the Administrative Agent and Borrower may reasonably agree.
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Junior Priority Lien Intercreditor Agreement means a Junior Priority Lien Intercreditor Agreement substantially in the form of Exhibit R-2 to this Agreement, entered into among the Administrative Agent and one or more Senior Representatives for holders of Indebtedness secured by Liens on the Collateral that rank junior to the Liens on the Collateral securing the Secured Obligations, with such modifications thereto as the Administrative Agent may reasonably agree.
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Junior Priority Lien Intercreditor Agreement means the intercreditor agreement, substantially in the form of Exhibit A to the Second Supplemental Indenture, among the Notes Collateral Agent, the Authorized Representatives of the holders of the Credit Facility Obligations, the representatives of each other series of First Priority Lien Obligations that become party to the agreement, the representative or representatives of the holders of Junior Priority Lien Obligations, the Issuers and the Guarantors party thereto from time to time, as amended, amended and restated, supplemented, waived, modified, renewed or replaced in accordance with this Indenture from time to time. For the avoidance of doubt, (i) the form of Junior Priority Lien Intercreditor Agreement set forth in Exhibit A to the Second Supplemental Indenture may be amended or modified in accordance with the terms of Article Nine of the Indenture before the Junior Priority Lien Intercreditor Agreement has been entered into by the parties thereto) and (ii) nothing in the Indenture shall prevent any one or more series or tranches of Junior Priority Lien Obligations from entering into one or more intercreditor agreements among themselves, among other things establishing relative lien priorities among such Junior Priority Lien Obligations, so long as such series or tranches are all subject to the Junior Priority Lien Intercreditor Agreement.
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Examples of Junior Priority Lien Intercreditor Agreement in a sentence

  • Additional information Anyone who receives this Offer to Exchange and Disclosure Statement may obtain a copy of the New Notes Indenture, the Junior Priority Lien Intercreditor Agreement and the Security Documents without charge by writing to the Company, 547 New Park Avenue, West Hartford, Connecticut 06110, Attention: Chief Financial Officer.

  • Each Holder, by accepting a Security authorizes and directs the Trustee and Collateral Agent to execute, deliver and perform the Junior Priority Lien Intercreditor Agreement and each other Security Document to which they are a party and to bind the Holders to the terms thereof.

  • In acting under the Junior Priority Lien Intercreditor Agreement, the Collateral Agent shall be entitled to all of the rights, privileges and immunities granted to the Collateral Agent under this Indenture.

  • A form of the Junior Priority Lien Intercreditor Agreement will be included in the Plan Supplement.

  • Furthermore, each holder of a Note, by accepting such Note, consents to and approves the terms of and authorizes and directs the Notes Collateral Agent to (i) enter into and perform the duties provided for in the ABL/Cash Flow Intercreditor Agreement, any Junior Priority Lien Intercreditor Agreement and each other Security Document in each of its capacities thereunder and (ii) bind the holders to the terms of the ABL/Cash Flow Intercreditor Agreement and any Junior Priority Lien Intercreditor Agreement.

  • Notwithstanding the foregoing, pursuant to the Junior Priority Lien Intercreditor Agreement and as further described in Section 11.4(a) hereof, the security interests securing the Securities will be junior in priority to any and all security interests at any time granted to secure the Senior Lien Obligations, pari passu with any and all security interests at any time granted to secure Parity Lien Obligations, and will also be subject to all other Permitted Liens.

  • In the event of any conflict between the terms of this Indenture and those of the Junior Priority Lien Intercreditor Agreement with respect to the rights, privileges, protections, indemnities and exemptions of the Trustee (in any of its capacities hereunder), the terms of the Junior Priority Lien Intercreditor Agreement shall control.


More Definitions of Junior Priority Lien Intercreditor Agreement

Junior Priority Lien Intercreditor Agreement means an intercreditor agreement, substantially in the form attached as Exhibit G hereto, among the Notes Collateral Agent, the representatives of each other series of Second Priority Lien Obligations that become party to the agreement, the representative or representatives of the holders of Junior Priority Lien Obligations, and the Issuers and the Guarantors party thereto from time to time, as amended, amended and restated, supplemented, waived, modified, renewed or replaced from time to time.
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Junior Priority Lien Intercreditor Agreement means an intercreditor agreement, substantially in the form attached to the Initial Indenture and the Initial Other Indenture, among the Grantors, the Initial Collateral Agent, the Additional Pari Passu Collateral Agents that become party to the agreement, the representative or representatives of the holders of Junior Priority Lien Obligations (as defined in the Initial Indenture and the Initial Other Indenture), and the Issuers and the Guarantors party thereto from time to time, as amended, amended and restated, supplemented, waived, modified, renewed or replaced from time to time.
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Junior Priority Lien Intercreditor Agreement means an intercreditor agreement substantially in the form of Exhibit I-2 among the Administrative Agent and/or the
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Junior Priority Lien Intercreditor Agreement means that certain Intercreditor Agreement, dated the Issue Date among Issuers, the guarantors from time to time party thereto, the Trustee, the Current Asset Agent, the Term Agent and the other senior lien debt representatives and subordinated lien debt representatives from time to time party thereto, as amended, supplemented or otherwise modified from time to time.
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Junior Priority Lien Intercreditor Agreement means that certain Intercreditor Agreement, dated the Issue Date, among Issuers, the guarantors from time to time party thereto, the Collateral Agent, the Current Asset Agent, the Term Agent and the other senior lien debt representatives and subordinated lien debt representatives from time to time party thereto, as amended, supplemented or otherwise modified from time to time.
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Junior Priority Lien Intercreditor Agreement means a Junior Priority Lien Intercreditor Agreement (which, other than with respect to the Notes Intercreditor Agreement, shall be in form and substance reasonably satisfactory to the Administrative Agent and the Borrower) among the Administrative Agent and one or more Senior Representatives for holders of Indebtedness secured by Liens on the Collateral that are junior to the Liens on the Collateral securing the Secured Obligations, with such modifications thereto as the Administrative Agent may reasonably agree. The Notes Intercreditor Agreement shall be deemed to be a Junior Priority Lien Intercreditor Agreement. For the avoidance of doubt, the Notes Intercreditor Agreement shall not be subject to approval as set forth in Section 9.18.
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Related to Junior Priority Lien Intercreditor Agreement

  • ABL Intercreditor Agreement means that certain ABL Intercreditor Agreement, dated as of the Closing Date, among, inter alia, Holdings, the Borrower, the Common Collateral Agent and the administrative agent for the ABL Facility, as amended, modified, supplemented, substituted, replaced or restated, in whole or in part, from time to time in accordance with the terms thereof.

  • Intercreditor Agreement means the Intercreditor Agreement dated as of the Issue Date (and as may be amended, restated, amended and restated, supplemented or otherwise modified from time to time), between, among others, the Company, the Guarantors, the Trustee, the Collateral Agent, and each additional authorized representative and collateral agent from time to time party thereto.

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

  • Customary Intercreditor Agreement means (a) to the extent executed in connection with the incurrence of secured Indebtedness, the security of which is not intended to rank junior or senior to the Liens securing the Obligations (but without regard to the control of remedies), at the option of the Borrower and the Administrative Agent acting together, either (i) any intercreditor agreement substantially in the form of the Senior Priority Lien Intercreditor Agreement or (ii) a customary intercreditor agreement in a form reasonably acceptable to the Administrative Agent and the Borrower, which agreement shall provide that the Liens securing such Indebtedness shall not rank junior or senior to the Lien securing the Obligations (but without regard to the control of remedies) and (b) to the extent executed in connection with the incurrence of secured Indebtedness, the security of which is intended to rank junior to the Liens securing the Obligations, at the option of the Borrower and the Administrative Agent acting together, either (i) an intercreditor agreement substantially in the form of the Junior Priority Lien Intercreditor Agreement or (ii) a customary intercreditor agreement in a form reasonably acceptable to the Administrative Agent and the Borrower, which agreement shall provide that the Liens securing such Indebtedness shall rank junior to the Lien securing the Obligations.

  • 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”).