Common use of Additional Intercreditor Agreements Clause in Contracts

Additional Intercreditor Agreements. Each party hereto agrees that the Junior Priority Debt Parties and/or the Junior Representatives (as among themselves) may each enter into any other intercreditor agreement governing the rights, benefits and privileges as among the Junior Priority Debt Parties in respect of the Collateral, this Agreement and the other Junior Priority Collateral Documents, as the case may be, including as to application of Proceeds of the Collateral, voting rights, control of the Collateral and waivers with respect to the Collateral, in each case so long as the terms thereof do not violate or conflict with the provisions of this Agreement or Junior Priority Debt Documents, as the case may be (or unless Junior Priority Debt Parties otherwise authorize their applicable Representative to enter into any such intercreditor arrangement).

Appears in 2 contracts

Sources: Credit Agreement (Nabors Industries LTD), Credit Agreement (Nabors Industries LTD)