Permitted Intercreditor Agreement definition

Permitted Intercreditor Agreement means any Junior Lien Intercreditor Agreement or any Pari Passu Intercreditor Agreement.

Permitted Intercreditor Agreement means the ABL Intercreditor Agreement or any Permitted Subordination Agreement.

Permitted Intercreditor Agreement means any intercreditor agreement or subordination agreement approved by the Requisite Holders Counsel or the Requisite Holders in their sole discretion.

Examples of Permitted Intercreditor Agreement in a sentence

• The Lenders authorize the Administrative Agent to enter into any Permitted Intercreditor Agreement and one or more intercreditor agreements with a Receivables Financier in connection with a Permitted Receivables Financing.

• Whether or not expressly provided in any Note Security Document or any Permitted Intercreditor Agreement, in entering and acting thereunder, the Collateral Agent (and the Trustee, if applicable) shall be entitled to all of the rights, privileges, immunities and indemnities set forth in this Indenture.

• An Arranger and its Affiliates, when acting under any such agreement or under any related agreements (including any Permitted Intercreditor Agreement), will be acting for their own account as principal and will be under no obligation or duty as a result of such Arranger’s role in connection with the credit facility provided herein or otherwise to take any action or refrain from taking any action (including refraining from exercising any right or remedy that might be available to it).

• Notwithstanding anything herein to the contrary, the Administrative Agent shall not have any liability arising from, or be responsible for any loss, cost or expense suffered by the Borrower or any Lender as a result of, confirmations of the amount of outstanding Term Loans or of the Effective Yield, the establishment of (or lack of establishment of) any procedures referred to in Section 2.11(b)(iii) or the determination of the terms and conditions of any Permitted Intercreditor Agreement.

• The funds on deposit in the Collateral Agent Account shall be applied in accordance with this Agreement and any Permitted Intercreditor Agreement, if applicable.

More Definitions of Permitted Intercreditor Agreement

Permitted Intercreditor Agreement means with respect to any Refinancing Debt (or Permitted Refinancing Indebtedness in respect thereof) that (i) is intended to be secured on a pari passu basis with the Obligations, an intercreditor agreement substantially in the form of Exhibit G-1, or otherwise in form and substance reasonably acceptable to the Administrative Agent, between the Administrative Agent, such other holders of pari passu Indebtedness party thereto and the holders of such Refinancing Debt (or Permitted Refinancing Indebtedness in respect thereof) or collateral agent therefor and (ii) is intended to be secured on a junior priority basis to the Obligations, an intercreditor agreement substantially in the form of Exhibit G-2, or otherwise in form and substance reasonably acceptable to the Administrative Agent, between the Administrative Agent and the holders of such Refinancing Debt (or Permitted Refinancing Indebtedness in respect thereof) or collateral agent therefor, in each case, with such changes thereto as may be reasonably agreed between the Borrower and the Administrative Agent.

Permitted Intercreditor Agreement has the meaning set forth in Section 12.13.

Permitted Intercreditor Agreement means an intercreditor agreement, in form and substance reasonably satisfactory to the Administrative Agent and the Company, that contains terms and conditions that are within the range of terms and conditions customary for intercreditor agreements that are of the type that govern intercreditor relationships between holders of asset-based senior secured credit facilities, on the one hand, and holders of the same type of Indebtedness as the applicable Permitted Non-ABL Indebtedness, on the other.

Permitted Intercreditor Agreement means any (a) Permitted Junior Intercreditor Agreement or (b) Permitted Working Capital Intercreditor Agreement.

Permitted Intercreditor Agreement means, with respect to any Liens on the Collateral that are intended to be junior to the Liens thereon securing the Loan Obligations, any intercreditor agreement the terms of which are consistent with market terms governing security arrangements for the sharing of current asset collateral on a junior basis at the time such intercreditor agreement is proposed to be established, as mutually determined by the Borrower in good faith and the Administrative Agent in the reasonable exercise of its judgment.

Permitted Intercreditor Agreement means an intercreditor agreement substantially in the form of Exhibit F.

Permitted Intercreditor Agreement means each of (a) solely in the case of the Existing IDB Credit Agreement, the MLP/IDB Intercreditor Agreement, and (b) each other intercreditor agreement in substantially the form set forth in Exhibit H, with such changes therefrom as are contemplated or permitted by Section 9.11.