Examples of Original Intercreditor Agreement in a sentence
Simultaneous with the closing of the New Loan Documents and recordation of a new intercreditor agreement, the County along with the City will terminate the Original Intercreditor Agreement and will cause a notice of such termination to be recorded in the Official Records, which notice will refer to document number 2006-86780.
BRIDGE, the County, and Danville also entered into an Intercreditor Agreement dated February 11, 2002, recorded in the Official Records on February 14, 2002 as Instrument No. 0000-0000000-00 (the "Original Intercreditor Agreement").
At Closing, the County is terminating the Original Intercreditor Agreement and is recording the Intercreditor Agreement.
Concurrently with the execution and recordation of this Agreement, the Parties agree that the Original Intercreditor Agreement shall terminate and be of no further force or effect whatsoever.
This Agreement shall amend and restate in its entirety the Original Intercreditor Agreement and shall become effective when executed and delivered by the parties hereto.