Replacement Intercreditor Agreement definition

Replacement Intercreditor Agreement as defined in subsection 7.8(c).

Replacement Intercreditor Agreement means any intercreditor agreement, the principle terms of which are substantially consistent with the intercreditor term sheet set out in Schedule 1 (Intercreditor Term Sheet), which replaces the SGL International Intercreditor Agreement and/or the US HoldCo Intercreditor Agreement, and where the Transaction Security and the Guarantees shall be shared between the Bonds, any New Debt (as defined in the Replacement Intercreditor Agreement) and any Super Senior RCF as Super Senior Debt (as defined in the Replacement Intercreditor Agreement).

Replacement Intercreditor Agreement means an intercreditor agreement relating to any Permitted Second Lien Replacement Indebtedness substantially in the form of Exhibit H prepared by the Administrative Agent with such changes agreed to by the Required Lenders.

Examples of Replacement Intercreditor Agreement in a sentence

• This identified that the execution by the Security Trustee of certain documents was a condition precedent to the effectiveness of the Restructuring Agreement, and purported to instruct the Security Trustee to execute a Restructuring Agreement, a Replacement Intercreditor Agreement, a New Mezzanine Facility Agreement and a Supplemental Agreement to the SFA, containing in Schedule 5 a Replacement Senior Facilities Agreement.

• There was a debt push-down from Acquilux to Stable GmbH/Bidco, and, importantly, a replacement Senior Facilities Agreement and a Replacement Intercreditor Agreement were agreed: see Clauses 15.4 and 15.5. Some of the Senior Debt was converted into new Mezzanine Debt: see Clause 15.6. (It will be recalled that Mr Jaffe told MrMedler on 24 January 2010 that the right to take part in the new Mezzanine Debt was an “ option I would like to have” but that he was “not wedded to being in” it).

More Definitions of Replacement Intercreditor Agreement

Replacement Intercreditor Agreement means an intercreditor agreement between the Administrative Agent, the ABL Administrative Agent and the Loan Parties, in form and substance reasonably satisfactory to the Administrative Agent, entered into at the option of the Borrower which, in the event of a refinancing of the initial ABL Credit Agreement, replaces the ABL Intercreditor Agreement in its entirety and pursuant to which the Liens on the Collateral securing the Obligations are not subordinated to any other Liens on any portion of the Collateral.

Replacement Intercreditor Agreement means an intercreditor agreement between the Administrative Agent, the ABL Agent and the Loan Parties, in form and substance reasonably satisfactory to the Administrative Agent, entered into at the option of the Borrower which, in the event of a refinancing of the initial ABL Credit Agreement, replaces the ABL Intercreditor Agreement in its entirety and pursuant to which the Liens on the Collateral securing the Obligations are not subordinated to any other Liens on any portion of the Collateral. “Replacement Term Loans” has the meaning specified in Section 10.01.

Replacement Intercreditor Agreement has the meaning specified in Section 6.18(d).

Replacement Intercreditor Agreement means the intercreditor agreement that shall become effective from the 2026 Notes Redemption Date.

Replacement Intercreditor Agreement means an intercreditor agreement relating to any Permitted Second Lien Replacement Indebtedness substantially in the

Replacement Intercreditor Agreement means an intercreditor and subordination agreement entered into by the Collateral Agent in connection with the Replacement Facility, if any, in form and substance reasonably satisfactory to Administrative Agent and Collateral Agent, the applicable Credit Parties party to the subject Replacement Facility and the Replacement Facility agent, as amended, supplemented, modified, restated, renewed or replaced (whether upon or after termination or otherwise), in whole or in part from time to time.

Replacement Intercreditor Agreement means that certain Intercreditor Agreement executed along with the other Replacement Loan Documents in connection with the Permitted Bond Refinancing, substantially the form of Exhibit R.