Parity Lien Intercreditor Agreement definition

Parity Lien Intercreditor Agreement means an intercreditor agreement to be entered upon Incurrence of additional Parity Lien Obligations, by and among the Notes Collateral Agent, each Parity Lien Representative for the holders of such Parity Lien Obligations, the Company and the Guarantors, substantially in the form attached hereto as Exhibit H, with such changes, amendments or modifications that are not materially adverse to the Holders, and as the same may be amended, restated, amended and restated, modified or supplemented from time to time in accordance with the terms thereof.

Parity Lien Intercreditor Agreement means an Intercreditor Agreement, substantially in the form of Exhibit A of this Indenture, that will govern the rights as among the Parity Lien Representatives in the Collateral.

Parity Lien Intercreditor Agreement means the intercreditor agreement, dated as of April 17, 2015, with the Company, the Guarantors, the administrative agent under the Credit Agreement, the collateral agent under the indenture relating to the 7.375% Notes, the trustee under the indenture relating to the 7.375% Notes, the collateral agent under the Credit Agreement (the “Credit Agreement Collateral Agent” and together with the Notes Collateral Agent, the “Parity Debt Collateral Agents”), with such changes, amendments or modifications that are not materially adverse to noteholders, which governs the rights as among the Parity Lien Representatives in the Collateral.

Examples of Parity Lien Intercreditor Agreement in a sentence

• Capitalized terms used but not otherwise defined herein have the meanings assigned to them in the Parity Lien Intercreditor Agreement.

• The provisions of Article 7 of the Parity Lien Intercreditor Agreement will apply with like effect to this Intercreditor Joinder.

• The New Grantor (a) acknowledges and agrees to, and becomes a party to the Parity Lien Intercreditor Agreement as a Grantor to the limited extent contemplated by Section 5.16 thereof, (b) agrees to all the terms and provisions of the Parity Lien Intercreditor Agreement and (c) shall have all the rights and obligations of a Grantor under the Parity Lien Intercreditor Agreement.

• The agreements set forth herein or undertaken pursuant hereto are for the benefit of, and may be enforced by, any party to the Parity Lien Intercreditor Agreement subject to any limitations set forth in the Parity Lien Intercreditor Agreement with respect to the Grantors.

• In case any one or more of the provisions contained in this Grantor Joinder Agreement should be held invalid, illegal or unenforceable in any respect, none of the parties hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable, but the validity, legality and enforceability of the remaining provisions contained herein and in the Parity Lien Intercreditor Agreement shall not in any way be affected or impaired.

More Definitions of Parity Lien Intercreditor Agreement

Parity Lien Intercreditor Agreement means the Intercreditor Agreement, dated as of January 22, 2013, between Xxxxx Fargo, in its capacity as trustee and collateral agent under the Second Lien Debt Documents (8.50% Notes), and Xxxxx Fargo, in its capacity as trustee and collateral agent under the Second Lien Debt Documents (10.875% Notes).

Parity Lien Intercreditor Agreement means any intercreditor agreement among the Agents (or any of them) and one or more Representatives for holders of Indebtedness permitted by this Agreement to be secured by the Collateral (and from and after Payment in Full of Badcock Obligations, the Badcock Collateral) on a pari passu basis (but without regard to the control of remedies) with the Loan Document Obligations in customary form reasonably acceptable to the Collateral Agent, the Required Lenders and the Lead Borrower, as amended, amended and restated, modified, supplemented, extended or renewed from time to time not in violation of the terms hereof or thereof.

Parity Lien Intercreditor Agreement means that certain Parity Lien Intercreditor Agreement dated on or about the date hereof, by and among the Issuer, the Guarantors, the other grantors from time to time party thereto, the Trustee, the other authorized representatives from time to time party thereto, and the Collateral Agent, as amended, amended and restated, supplemented or otherwise modified from time to time, in accordance with its terms.

Parity Lien Intercreditor Agreement means, either an (a) intercreditor agreement substantially in the form of Exhibit I hereto or (b) a customary intercreditor agreement in form and substance reasonably acceptable to the Controlling Parties (or, if after the Sell-Down Date, the Collateral Agent) and the Issuers, which agreement shall provide that the Liens on the Collateral securing such Indebtedness shall rank equal in priority to the Liens on the Collateral securing the Secured Obligations (but without regard to the control of remedies), in each case with such modifications thereto as the Controlling Parties or the Collateral Agent, as applicable, and the Issuers may agree. It is understood and agreed that to the extent this Indenture requires any Indebtedness to be subject to a Parity Lien Intercreditor Agreement at any time such agreement is not yet in effect, then the Note Parties, the Collateral Agent and the Senior Representative for such Indebtedness shall execute and deliver a Parity Lien Intercreditor Agreement.

Parity Lien Intercreditor Agreement means, collectively or individually (as the context may require), the 10.875% Parity Lien Intercreditor Agreement and any Additional Parity Lien Intercreditor Agreement.

Parity Lien Intercreditor Agreement means an intercreditor agreement substantially in the form of Exhibit D hereto (which agreement in such form or with changes thereto permitted by Section 9.1 hereof the Collateral Trustee is authorized to enter into) entered into among the Collateral Trustee and the applicable Parity Lien Representative in connection with the incurrence of any Parity Lien Obligations, as it may be amended from time to time. -30-

Parity Lien Intercreditor Agreement means, collectively or individually (as the context may require), the Outstanding 8.50% Parity Lien Intercreditor Agreement and any Additional Parity Lien Intercreditor Agreement.