Common use of Agreement Solely to Define Relative Rights Clause in Contracts

Agreement Solely to Define Relative Rights. The purpose of this Agreement is solely to define the relative rights of the Companies, on the one hand, and the Administrative Agent and the Lenders, on the other hand. Nothing contained in this Agreement is intended to or shall impair, as between any of the Companies and their creditors other than the Administrative Agent and the Lenders, the obligation of the Companies to each other to pay the principal of and interest on the Intercompany Indebtedness as and when the same shall become due and payable in accordance with its terms, or is intended to or shall affect the relative rights among the Companies and their creditors other than the Administrative Agent and the Lenders, nor shall anything herein prevent any of the Companies from exercising all remedies otherwise permitted by applicable Law upon default under any agreement pursuant to which the Intercompany Indebtedness is created, subject to the rights, if any, under this Agreement of the Administrative Agent and the Lenders to receive cash, property or securities otherwise payable or deliverable with respect to the Intercompany Indebtedness.

Appears in 14 contracts

Samples: Credit Agreement (CALGON CARBON Corp), Refinancing Credit Agreement (Westinghouse Air Brake Technologies Corp), Credit Agreement (Foster L B Co)

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Agreement Solely to Define Relative Rights. The purpose of this Agreement is solely to define the relative rights of the Companies, on the one hand, and the Administrative Agent and the Lenders, on the other hand. Nothing contained in this Agreement is intended to or shall impair, as between any of the Companies and their creditors other than the Administrative Agent and the Lenders, the obligation of the Companies to each other to pay the principal of and interest on the Intercompany Subordinated Indebtedness as and when the same shall become due and payable in accordance with its terms, or is intended to or shall affect the relative rights among the Companies and their creditors other than the Administrative Agent and the Lenders, nor shall anything herein prevent any of the Companies from exercising all remedies otherwise permitted by applicable Law upon default under any agreement pursuant to which the Intercompany Subordinated Indebtedness is created, subject to the rights, if any, under this Agreement of the Administrative Agent and the Lenders to receive cash, property or securities otherwise payable or deliverable with respect to the Intercompany Subordinated Indebtedness.

Appears in 10 contracts

Samples: Credit Agreement (Advanced Drainage Systems, Inc.), Credit Agreement (CNX Coal Resources LP), Intercompany Subordination Agreement (Advanced Drainage Systems, Inc.)

Agreement Solely to Define Relative Rights. The purpose of this Agreement is solely to define the relative rights of the Companies, on the one hand, and the Administrative Agent and the Lenders, on the other hand. Nothing contained in this Agreement is intended to or shall impair, as between any of the Companies and their creditors other than the Administrative Agent and the Lenders, the obligation of the Companies to each other to pay the principal of and interest on the Intercompany Indebtedness as and when the same shall become due and payable in accordance with its terms, or is intended to or shall affect the relative rights among the Companies and their creditors other than the Administrative Agent and the Lenders, nor shall anything herein prevent any of the Companies from exercising all remedies otherwise permitted by applicable Law upon default under any agreement pursuant to which the Intercompany Indebtedness is created, subject to the rights, if any, under this Agreement of the Administrative Agent and the Lenders to receive cash, property or securities otherwise payable or deliverable with respect to the Intercompany Indebtedness.

Appears in 7 contracts

Samples: Intercompany Subordination Agreement (Sl Industries Inc), Intercompany Subordination Agreement (Under Armour, Inc.), Intercompany Subordination Agreement (Under Armour, Inc.)

Agreement Solely to Define Relative Rights. The purpose of this Agreement is solely to define the relative rights of the Companies, on the one hand, and the Administrative Agent and the LendersBanks, on the other hand. Nothing contained in this Agreement is intended to or shall impair, as between any of the Companies and their creditors other than the Administrative Agent and the LendersBanks, the obligation of the Companies to each other to pay the principal of and interest on the Intercompany Indebtedness as and when the same shall become due and payable in accordance with its terms, or is intended to or shall affect the relative rights among the Companies and their creditors other than the Administrative Agent and the LendersBanks, nor shall anything herein prevent any of the Companies from exercising all remedies otherwise permitted by applicable Law upon default under any agreement pursuant to which the Intercompany Indebtedness is created, subject to the rights, if any, under this Agreement of the Administrative Agent and the Lenders Banks to receive cash, property or securities otherwise payable or deliverable with respect to the Intercompany Indebtedness.

Appears in 7 contracts

Samples: Credit Agreement (Papa Johns International Inc), Joinder and Assumption Agreement (Ii-Vi Inc), Credit Agreement (Papa Johns International Inc)

Agreement Solely to Define Relative Rights. The purpose of this Agreement is solely to define the relative rights of the CompaniesLoan Parties, on the one hand, and the Administrative Agent and the Lenders, on the other hand. Nothing contained in this Agreement is intended to or shall impair, as between any of the Companies Loan Parties and their creditors other than the Administrative Agent and the Lenders, the obligation of the Companies Loan Parties to each other to pay the principal of and interest on the Intercompany Indebtedness as and when the same shall become due and payable in accordance with its terms, or is intended to or shall affect the relative rights among the Companies Loan Parties and their creditors other than the Administrative Agent and the Lenders, nor shall anything herein prevent any of the Companies Loan Parties from exercising all remedies otherwise permitted by applicable Law upon default under any agreement pursuant to which the Intercompany Indebtedness is created, subject to the rights, if any, under this Agreement of the Administrative Agent and the Lenders to receive cash, property or securities otherwise payable or deliverable with respect to the Intercompany Indebtedness.

Appears in 3 contracts

Samples: Credit Agreement (MSA Safety Inc), Credit Agreement (MSA Safety Inc), Credit Agreement (Universal Stainless & Alloy Products Inc)

Agreement Solely to Define Relative Rights. The purpose of this Agreement is solely to define the relative rights of the Companies, on the one hand, and the Administrative Paying Agent and the Lenders, on the other hand. Nothing contained in this Agreement is intended to or shall impair, as between any of the Companies and their creditors other than the Administrative Paying Agent and the Lenders, the obligation of the Companies to each other to pay the principal of and interest on the Intercompany Subordinated Indebtedness as and when the same shall become due and payable in accordance with its terms, or is intended to or shall affect the relative rights among the Companies and their creditors other than the Administrative Paying Agent and the Lenders, nor shall anything herein prevent any of the Companies from exercising all remedies otherwise permitted by applicable Law upon default under any agreement pursuant to which the Intercompany Subordinated Indebtedness is created, subject to the rights, if any, under this Agreement of the Administrative Paying Agent and the Lenders to receive cash, property or securities otherwise payable or deliverable with respect to the Intercompany Subordinated Indebtedness.

Appears in 2 contracts

Samples: Security Agreement (Consol Energy Inc), Collateral Trust Agreement (Consol Energy Inc)

Agreement Solely to Define Relative Rights. The purpose of this Agreement is solely to define the relative rights of the Companies, on the one hand, and the Administrative Agent and the LendersSecured Parties, on the other hand. Nothing contained in this Agreement is intended to or shall impair, as between any of the Companies and their creditors other than the Administrative Agent and the LendersSecured Parties, the obligation of the Companies to each other to pay the principal of and interest on the Intercompany Subordinated Indebtedness as and when the same shall become due and payable in accordance with its terms, or is intended to or shall affect the relative rights among the Companies and their creditors other than the Administrative Agent and the LendersSecured Parties, nor shall anything herein prevent any of the Companies from exercising all remedies otherwise permitted by applicable Law upon default under any agreement pursuant to which the Intercompany Subordinated Indebtedness is created, subject to the rights, if any, under this Agreement of the Administrative Agent (on its own behalf and on behalf of the Lenders Secured Parties) to receive cash, property or securities otherwise payable or deliverable with respect to the Intercompany Subordinated Indebtedness.

Appears in 2 contracts

Samples: Credit Agreement (CNX Resources Corp), Credit Agreement (CNX Midstream Partners LP)

Agreement Solely to Define Relative Rights. The purpose of this Agreement is solely to define the relative rights of the CompaniesLoan Parties, on the one hand, and the Administrative Agent and the LendersBanks, on the other hand. Nothing contained in this Agreement is intended to or shall impair, as between any of the Companies Loan Parties and their creditors other than the Administrative Agent and the LendersBanks, the obligation of the Companies Loan Parties to each other to pay the principal of and interest on the Intercompany Indebtedness as and when the same shall become due and payable in accordance with its terms, or is intended to or shall affect the relative rights among the Companies Loan Parties and their creditors other than the Administrative Agent and the LendersBanks, nor shall anything herein prevent any of the Companies Loan Parties from exercising all remedies otherwise permitted by applicable Law upon default under any agreement pursuant to which the Intercompany Indebtedness is created, subject to the rights, if any, under this Agreement of the Administrative Agent and the Lenders Banks to receive cash, property or securities otherwise payable or deliverable with respect to the Intercompany Indebtedness.

Appears in 2 contracts

Samples: Credit Agreement (Big Lots Inc), Credit Agreement (Big Lots Inc)

Agreement Solely to Define Relative Rights. The purpose of this Agreement is solely to define the relative rights of the CompaniesCNX Gas Loan Parties, on the one hand, and the Administrative Agent and the Lenders, on the other hand. Nothing contained in this Agreement is intended to or shall impair, as between any of the Companies Loan Parties and their creditors other than the Administrative Agent and the Lenders, the obligation of the Companies Loan Parties to each other the CNX Gas Loan Parties to pay the principal of and interest on the Intercompany Subordinated Indebtedness as and when the same shall become due and payable in accordance with its terms, or is intended to or shall affect the relative rights among the Companies Loan Parties and their creditors other than the Administrative Agent and the Lenders, nor shall anything herein prevent any of the Companies CNX Gas Loan Parties from exercising all remedies otherwise permitted by applicable Law upon default under any agreement pursuant to which the Intercompany Subordinated Indebtedness is created, subject to the rights, if any, under this Agreement of the Administrative Agent and the Lenders to receive cash, property or securities otherwise payable or deliverable with respect to the Intercompany Subordinated Indebtedness.

Appears in 1 contract

Samples: Joinder and Assumption Agreement (CONSOL Energy Inc)

Agreement Solely to Define Relative Rights. The purpose of this Agreement is solely to define the relative rights of the Companies, on the one hand, and the Administrative Agent and - 3 - 204504243 the Lenders, on the other hand. Nothing contained in this Agreement is intended to or shall impair, as between any of the Companies and their creditors other than the Administrative Agent and the Lenders, the obligation of the Companies to each other to pay the principal of and interest on the Intercompany Indebtedness as and when the same shall become due and payable in accordance with its terms, or is intended to or shall affect the relative rights among the Companies and their creditors other than the Administrative Agent and the Lenders, nor shall anything herein prevent any of the Companies from exercising all remedies otherwise permitted by applicable Law upon default under any agreement pursuant to which the Intercompany Indebtedness is created, subject to the rights, if any, under this Agreement of the Administrative Agent and the Lenders to receive cash, property or securities otherwise payable or deliverable with respect to the Intercompany Indebtedness. 10.

Appears in 1 contract

Samples: Intercompany Subordination Agreement

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Agreement Solely to Define Relative Rights. The purpose of this Agreement is solely to define the relative rights of the Companies, on the one hand, and the Administrative Agent and the Lendersother Secured Parties, on the other hand. Nothing contained in this Agreement is intended to or shall impair, as between any of the Companies and their creditors other than the Administrative Agent and the Lendersother Secured Parties, the obligation of the Companies to each other to pay the principal of and interest on the Intercompany Subordinated Indebtedness as and when the same shall become due and payable in accordance with its terms, or is intended to or shall affect the relative rights among Exhibits 102 the Companies and their creditors other than the Administrative Agent and the Lendersother Secured Parties, nor shall anything herein prevent any of the Companies from exercising all remedies otherwise permitted by applicable Law upon default under any agreement pursuant to which the Intercompany Subordinated Indebtedness is created, subject to the rights, if any, under this Agreement of the Administrative Agent and the Lenders other Secured Parties to receive cash, property or securities otherwise payable or deliverable with respect to the Intercompany Subordinated Indebtedness.

Appears in 1 contract

Samples: Security Agreement (Pioneer Energy Services Corp)

Agreement Solely to Define Relative Rights. The purpose of this Agreement is solely to define the relative rights of the CompaniesManager and the Advisor, on the one hand, and the Administrative Agent and the Lenders, on the other hand. Nothing contained in this Agreement is intended to or shall impair, as between any of the Companies Manager and the Advisor and their respective creditors other than the Administrative Agent and the Lenders, the obligation of the Companies Manager and the Advisor and the Borrower to each other to pay the principal of and interest on the Intercompany Subordinated Indebtedness as and when the same shall become due and payable in accordance with its terms, or is intended to or shall affect the relative rights among between the Companies Manager and the Advisor and their respective creditors other than the Administrative Agent and the Lenders, nor shall anything herein prevent any of the Companies Manager and the Advisor from exercising all remedies otherwise permitted by applicable Law law upon default under any agreement pursuant to which the Intercompany Subordinated Indebtedness is created, subject to the rights, if any, under this Agreement of the Administrative Agent and the Lenders to receive cash, property or securities otherwise payable or deliverable with respect to the Intercompany Subordinated Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Excelsior Lasalle Property Fund Inc)

Agreement Solely to Define Relative Rights. The purpose of this Agreement is solely to define the relative rights of the Companies, on the one hand, and the Administrative Agent and 204504243 the Lenders, on the other hand. Nothing contained in this Agreement is intended to or shall impair, as between any of the Companies and their creditors other than the Administrative Agent and the Lenders, the obligation of the Companies to each other to pay the principal of and interest on the Intercompany Indebtedness as and when the same shall become due and payable in accordance with its terms, or is intended to or shall affect the relative rights among the Companies and their creditors other than the Administrative Agent and the Lenders, nor shall anything herein prevent any of the Companies from exercising all remedies otherwise permitted by applicable Law upon default under any agreement pursuant to which the Intercompany Indebtedness is created, subject to the rights, if any, under this Agreement of the Administrative Agent and the Lenders to receive cash, property or securities otherwise payable or deliverable with respect to the Intercompany Indebtedness.

Appears in 1 contract

Samples: Intercompany Subordination Agreement (Black Box Corp)

Agreement Solely to Define Relative Rights. The purpose of this Agreement is solely to define the relative rights of the CompaniesCONSOL Loan Parties, on the one hand, and the Administrative Agent and the Lenders, on the other hand. Nothing contained in this Agreement is intended to or shall impair, as between any of the Companies Loan Parties and their creditors other than the Administrative Agent and the Lenders, the obligation of the Companies Loan Parties to each other the CONSOL Loan Parties to pay the principal of and interest on the Intercompany Subordinated Indebtedness as and when the same shall become due and payable in accordance with its terms, or is intended to or shall affect the relative rights among the Companies Loan Parties and their creditors other than the Administrative Agent and the Lenders, nor shall anything herein prevent any of the Companies CONSOL Loan Parties from exercising all remedies otherwise permitted by applicable Law upon default under any agreement pursuant to which the Intercompany Subordinated Indebtedness is created, subject to the rights, if any, under this Agreement of the Administrative Agent and the Lenders to receive cash, property or securities otherwise payable or deliverable with respect to the Intercompany Subordinated Indebtedness.

Appears in 1 contract

Samples: Joinder and Assumption Agreement (CONSOL Energy Inc)

Agreement Solely to Define Relative Rights. The purpose of this ------------------------------------------ Agreement is solely to define the relative rights of the Companies, on the one hand, and the Administrative Agent Agent, the Banks and the LendersNoteholders, on the other hand. Nothing contained in this Agreement is intended to or shall impair, as between any of the Companies and their creditors other than the Administrative Collateral Agent on behalf of the Agent, the Banks and the LendersNoteholders, the obligation of the Companies to each other to pay the principal of and interest on the Intercompany Indebtedness as and when the same shall become due and payable in accordance with its terms, or is intended to or shall affect the relative rights among the Companies and their creditors other than the Administrative Agent and the LendersBanks, nor shall anything herein prevent any of the Companies from exercising all remedies otherwise permitted by applicable Law upon default under any agreement pursuant to which the Intercompany Indebtedness is created, subject to the rights, if any, under this Agreement of the Administrative Agent Agent, the Banks and the Lenders Noteholders to receive cash, property or securities otherwise payable or deliverable with respect to the Intercompany Indebtedness.

Appears in 1 contract

Samples: Intercompany Subordination Agreement (Federated Investors Inc /Pa/)

Agreement Solely to Define Relative Rights. The purpose of this Agreement is solely to define the relative rights of the Companies, on the one hand, and the Administrative Agent Prudential and the LendersPurchasers, on the other hand. Nothing contained in this Agreement is intended to or shall impair, as between any of the Companies and their creditors other than the Administrative Agent Prudential and the LendersPurchasers, the obligation of the Companies to each other to pay the principal of and interest on the Intercompany Subordinated Indebtedness as and when the same shall become due and payable in accordance with its terms, or is intended to or shall affect the relative rights among the Companies and their creditors other than the Administrative Agent Prudential and the LendersPurchasers, nor shall anything herein prevent any of the Companies from exercising all remedies otherwise permitted by applicable Law law upon default under any agreement pursuant to which the Intercompany Subordinated Indebtedness is created, subject to the rights, if any, under this Agreement of the Administrative Agent Prudential and the Lenders Purchasers to receive cash, property or securities otherwise payable or deliverable with respect to the Intercompany Subordinated Indebtedness.

Appears in 1 contract

Samples: Intercompany Subordination Agreement (Advanced Drainage Systems, Inc.)

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