Pari Intercreditor Agreement means an intercreditor agreement substantially in the form of Exhibit A-3 (with such changes to such form as may be reasonably acceptable to the Administrative Agent and the Borrower) among the Administrative Agent, the Collateral Agent, the Credit Parties and the representatives for purposes thereof for holders of one or more classes of Indebtedness.
Pari Intercreditor Agreement means a Pari Passu Lien Intercreditor Agreement by and among the Administrative Agent, one or more collateral agents for the holders of Indebtedness secured by Liens ranking pari passu with the Obligations and the other parties thereto from time to time, in form and substance reasonably acceptable to the Administrative Agent.
Pari Intercreditor Agreement means that certain pari passu intercreditor agreement, dated as of the date hereof, by and between Ankura Trust Company, LLC, as collateral trustee, and Deutsche Bank AG New York Branch, as term loan agent, and, from time to time, any other representative or agent of each class of the secured parties party thereto, and each of the Issuer and the Guarantors from time to time party thereto, as such agreement may be amended, restated, amended and restated, supplemented or otherwise modified from time to time in accordance therewith and with the terms of this Indenture.
Examples of Pari Intercreditor Agreement in a sentence
In the event of any conflict or inconsistency between the provisions of each intercreditor agreement (including the Junior Lien Intercreditor Agreement and the Pari Intercreditor Agreement) and this Agreement, the provisions of such intercreditor agreement shall control in all respects.
More Definitions of Pari Intercreditor Agreement
Pari Intercreditor Agreement has the meaning assigned to such term in the Credit Agreement.
Pari Intercreditor Agreement means an intercreditor agreement substantially in the form of Exhibit V with such changes that are reasonably acceptable to the Administrative Agent and the Borrower.
Pari Intercreditor Agreement means any intercreditor agreement delivered by the Borrowers in connection with any transaction requiring such agreement to be delivered pursuant to the terms hereof, or otherwise required to be delivered pursuant to (or otherwise delivered in accordance with) the terms hereof, among the Administrative Agent, the Collateral Agent, one or more other Senior Representatives of Indebtedness that is secured on a pari passu basis with the Secured Obligations, and the Borrowers and the Guarantors, in each case, as amended, restated, amended and restated, supplemented, renewed, replaced, refinanced or otherwise modified from time to time; provided that, notwithstanding anything to the contrary herein, the requirement to enter into or deliver any Pari Intercreditor Agreement shall be automatically satisfied if such Pari Intercreditor Agreement is (1) substantially on the terms set forth on Exhibit N without material changes to such form or (2) Otherwise Acceptable, and in each case such Pari Intercreditor Agreement has been executed by the Senior Representative of such other Indebtedness and the Borrowers and the Guarantors.
Pari Intercreditor Agreement means that certain Intercreditor and Collateral Agency Agreement, dated as of the Closing Date, by and among the Administrative Agent, the collateral agent for the Secured Notes and the other parties thereto from time to time, substantially in the form of Exhibit F.
Pari Intercreditor Agreement means any of (i) an intercreditor agreement substantially in the form of Exhibit A-2, duly completed pursuant to the terms thereof with such additional changes as may be reasonably acceptable to the Administrative Agent and the Borrower or (ii) a customary intercreditor agreement in form and substance reasonably acceptable to the Administrative Agent and the Borrower, which agreement, in each case of clauses (i) and (ii), shall provide that the Liens on the Collateral securing such Indebtedness shall be equal in priority to the Liens on the Collateral securing the First Lien Obligations under this Agreement, in each case with such modifications thereto as the Administrative Agent and the Borrower may agree.
Pari Intercreditor Agreement means an intercreditor agreement which shares the Lien on the Collateral of the holders of the Pari Passu Lien Indebtedness on a pari passu basis and the terms of which are consistent with market terms (in the view of the Collateral Trustee (as defined therein)) governing security arrangements for the sharing of Liens on a pari passu basis or arrangements relating to the distribution of payments, as applicable, at the time the intercreditor agreement is proposed to be established in light of the type of Indebtedness subject thereto.
Pari Intercreditor Agreement means (a) in the case of Liens securing Senior Obligations, an intercreditor agreement between the Administrative Agent and any other Senior Debt Representative or Representatives and (b) in the case of Liens securing Second Priority Debt Obligations, an intercreditor agreement between the applicable Second Priority Representative and any other Second Priority Representative or Representatives, providing for the pari passu treatment of such Liens and in each case in form and substance reasonably satisfactory to the Representatives.