Common use of Intercreditor Agreements Clause in Contracts

Intercreditor Agreements. The Agent is hereby authorized to enter into any usual and customary Intercreditor Agreement to the extent contemplated by the terms hereof, and the parties hereto acknowledge that such Intercreditor Agreement is binding upon them. Each Lender (a) hereby agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreements and (b) hereby authorizes and instructs the Agent to enter into the usual and customary Intercreditor Agreements and to subject the Liens on the Collateral securing the Obligations to the provisions thereof. In addition, but in conformance with the terms hereof, each Lender hereby authorizes the Agent to enter into (i) any amendments to any Intercreditor Agreements, and (ii) any other intercreditor arrangements, in the case of clauses (i) and (ii), to the extent required to give effect to the establishment of intercreditor rights and privileges as contemplated and required by of this Agreement. Each Lender waives any conflict of interest, now contemplated or arising hereafter, in connection therewith and agrees not to assert against any Agent or any of its affiliates any claims, causes of action, damages or liabilities of whatever kind or nature relating thereto.

Appears in 7 contracts

Samples: Term Loan Agreement (Albertsons Companies, Inc.), Term Loan Agreement (Albertsons Companies, Inc.), Term Loan Agreement (Safeway Stores 42, Inc.)

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Intercreditor Agreements. The Collateral Agent is hereby authorized to enter into any usual and customary Customary Intercreditor Agreement to the extent contemplated by the terms hereof, and the parties hereto acknowledge that such Customary Intercreditor Agreement is binding upon them. Each Lender (a) hereby agrees that it will be bound by and will take no actions contrary to the provisions of the Customary Intercreditor Agreements Agreement and (b) hereby authorizes and instructs the Collateral Agent to enter into the usual and customary Customary Intercreditor Agreements Agreement and to subject the Liens on the Collateral securing the Obligations to the provisions thereof. In addition, but in conformance with the terms hereof, each Lender hereby authorizes the Collateral Agent to enter into (i) any amendments to any Customary Intercreditor AgreementsAgreement, and (ii) any other intercreditor arrangements, in the case of clauses (i) ), and (ii), ) to the extent required to give effect to the establishment of intercreditor rights and privileges as contemplated and required by Section 10.2 of this Agreement. Each Lender acknowledges and agrees that any of the Agents (or one or more of their respective Affiliates) may (but are not obligated to) act as the “Representative” or like term for the holders of Credit Agreement Refinancing Indebtedness under the security agreements with respect thereto and/or under a Customary Intercreditor Agreement. Each Lender waives any conflict of interest, now contemplated or arising hereafter, in connection therewith and agrees not to assert against any Agent or any of its affiliates any claims, causes of action, damages or liabilities of whatever kind or nature relating thereto.

Appears in 6 contracts

Samples: Incremental Agreement (MultiPlan Corp), Amendment Agreement (MultiPlan Corp), Security Agreement (MultiPlan Corp)

Intercreditor Agreements. The Administrative Agent is and Collateral Agent are hereby authorized to enter into the Intercreditor Agreement and any other usual and customary Intercreditor Agreement intercreditor agreements to the extent contemplated by the terms hereof, and the parties hereto acknowledge that each such Intercreditor Agreement intercreditor agreement is binding upon them. Each Lender (a) hereby agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreements intercreditor agreements and (b) hereby authorizes and instructs the Administrative Agent and Collateral Agent to enter into the Intercreditor Agreement and the usual and customary Intercreditor Agreements intercreditor agreements and to subject the Liens on the Collateral securing the Obligations to the provisions thereof. In addition, but in conformance with the terms hereof, each Lender hereby authorizes the Administrative Agent and the Collateral Agent to enter into (i) any amendments to any Intercreditor Agreementsintercreditor agreements, and (ii) any other intercreditor arrangements, in the case of clauses (i) ), and (ii), ) to the extent required to give effect to the establishment of intercreditor rights and privileges as contemplated and required by Section 7.01 of this Agreement. Each Lender waives any conflict of interest, now contemplated or arising hereafter, in connection therewith and agrees not to assert against any Agent or any of its affiliates any claims, causes of action, damages or liabilities of whatever kind or nature relating thereto.

Appears in 5 contracts

Samples: Asset Based Revolving Credit Agreement (Safeway Stores 42, Inc.), Asset Based Revolving Credit Agreement (Albertsons Companies, Inc.), Asset Based Revolving Credit Agreement (Albertsons Companies, Inc.)

Intercreditor Agreements. The Collateral Agent is hereby authorized to enter into any usual and customary Customary Intercreditor Agreement to the extent contemplated by the terms hereof, and the parties hereto acknowledge that such Customary Intercreditor Agreement is binding upon them. Each Lender (a) hereby agrees that it will be bound by and will take no actions contrary to the provisions of the Customary Intercreditor Agreements Agreement and (b) hereby authorizes and instructs the Collateral Agent to enter into the usual and customary Customary Intercreditor Agreements Agreement and to subject the Liens on the Collateral securing the Obligations to the provisions thereof. In addition, but in conformance with the terms hereof, each Lender hereby authorizes the Collateral Agent to enter into (i) any amendments to any Customary Intercreditor AgreementsAgreement, and (ii) any other intercreditor arrangements, in the case of clauses (i) ), and (ii), ) to the extent required to give effect to the establishment of intercreditor rights and privileges as contemplated and required by Section 10.2 of this Agreement. Each Lender acknowledges and agrees that any of the Agents (including UBS AG, Stamford Branch) (or one or more of their respective Affiliates) may (but are not obligated to) act as the “Representative” or like term for the holders of Credit Agreement Refinancing Indebtedness under the security agreements with respect thereto and/or under a Customary Intercreditor Agreement. Each Lender waives any conflict of interest, now contemplated or arising hereafter, in connection therewith and agrees not to assert against any Agent or any of its affiliates any claims, causes of action, damages or liabilities of whatever kind or nature relating thereto.

Appears in 5 contracts

Samples: Credit Agreement (Snap One Holdings Corp.), Credit Agreement (Snap One Holdings Corp.), Incremental Agreement (Snap One Holdings Corp.)

Intercreditor Agreements. The Agent is hereby authorized to enter into any usual and customary Intercreditor Agreement to the extent contemplated by the terms hereof, and the parties hereto acknowledge that such Intercreditor Agreement is binding upon them. Each Lender (a) hereby agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreements and (b) hereby authorizes and instructs the Agent to enter into the usual and customary Intercreditor Agreements and to subject the Liens on the Collateral securing the Obligations to the provisions thereof. In addition, but in conformance with the terms hereof, each Lender hereby authorizes the Agent to enter into (i) any amendments to any Intercreditor Agreements, and (ii) any other intercreditor arrangements, in the case of clauses (i) and (ii), to the extent required to give effect to the establishment of intercreditor rights and privileges as contemplated and required by of this Agreement. Each Lender waives any conflict of interest, now contemplated or arising hereafter, in connection therewith and agrees not to assert against any Agent or any of its affiliates any claims, causes of action, damages or liabilities of whatever kind or nature relating thereto.. 146

Appears in 2 contracts

Samples: Joinder Agreement (Safeway Stores 42, Inc.), Joinder Agreement (Albertsons Companies, Inc.)

Intercreditor Agreements. The Agent is hereby authorized to enter into any usual and customary Intercreditor Agreement to the extent contemplated by the terms hereof, and the parties hereto acknowledge that such Intercreditor Agreement is binding upon them. Each Lender (a) hereby agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreements and (b) hereby authorizes and instructs the Agent to enter into the usual and customary Intercreditor Agreements and to subject the Liens on the Collateral securing the Obligations to the provisions thereof. In addition, but in conformance with the terms hereof, each Lender hereby authorizes the Agent to enter into (i) any amendments to any Intercreditor Agreements, and (ii) any other intercreditor arrangements, in the case of clauses (i) and (ii), to the extent required to give effect to the establishment of intercreditor rights and privileges as contemplated and required by of this Agreement. Each Lender waives any conflict of interest, now contemplated or arising hereafter, in connection therewith and agrees not to assert against any Agent or any of its affiliates any claims, causes of action, damages or liabilities of whatever kind or nature relating thereto.. 152

Appears in 2 contracts

Samples: Term Loan Agreement (Albertsons Companies, Inc.), Term Loan Agreement (Safeway Stores 42, Inc.)

Intercreditor Agreements. The Administrative Agent is and Collateral Agent are hereby authorized to enter into any usual and customary Intercreditor Agreement to the extent contemplated by the terms hereof, and the parties hereto acknowledge that such Intercreditor Agreement is binding upon them. Each Lender (a) hereby agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreements and (b) hereby authorizes and instructs the Administrative Agent and Collateral Agent to enter into the usual and customary Intercreditor Agreements and to subject the Liens on the Collateral securing the Obligations to the provisions thereof. In addition, but in conformance with the terms hereof, each Lender hereby authorizes the Administrative Agent and the Collateral Agent to enter into (i) any amendments to any Intercreditor Agreements, and (ii) any other intercreditor arrangements, in the case of clauses (i) ), and (ii), ) to the extent required to give effect to the establishment of intercreditor rights and privileges as contemplated and required by Section 7.01 of this Agreement. Each Lender waives any conflict of interest, now contemplated or arising hereafter, in connection therewith and agrees not to assert against any Agent or any of its affiliates any claims, causes of action, damages or liabilities of whatever kind or nature relating thereto.

Appears in 1 contract

Samples: Credit Agreement (Albertsons Companies, Inc.)

Intercreditor Agreements. The Administrative Agent is and Collateral Agent are hereby authorized to enter into the Intercreditor Agreement and any usual and customary Intercreditor Agreement intercreditor agreement to the extent contemplated by the terms hereof, and the parties hereto acknowledge that such Intercreditor Agreement intercreditor agreement is binding upon them. Each Lender (a) hereby agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreements intercreditor agreements and (b) hereby authorizes and instructs the Administrative Agent and Collateral Agent to enter into the Intercreditor Agreement and the usual and customary Intercreditor Agreements intercreditor agreements and to subject the Liens on the Collateral securing the Obligations to the provisions thereof. In addition, but in conformance with the terms hereof, each Lender hereby authorizes the Administrative Agent and the Collateral Agent to enter into (i) any amendments to any Intercreditor Agreementsintercreditor agreements, and (ii) any other intercreditor arrangements, in the case of clauses (i) ), and (ii), ) to the extent required to give effect to the establishment of intercreditor rights and privileges as contemplated and required by Section 7.01 of this Agreement. Each Lender waives any conflict of interest, now contemplated or arising hereafter, in connection therewith and agrees not to assert against any Agent or any of its affiliates any claims, causes of action, damages or liabilities of whatever kind or nature relating thereto.

Appears in 1 contract

Samples: Intercreditor Agreement (Albertsons Companies, Inc.)

Intercreditor Agreements. The Administrative Agent is and Collateral Agent are hereby authorized to enter into any usual and customary Intercreditor Agreement intercreditor agreements to the extent contemplated by the terms hereof, and the parties hereto acknowledge that each such Intercreditor Agreement intercreditor agreement is binding upon them. Each Lender (a) hereby agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreements intercreditor agreements and (b) hereby authorizes and instructs the Administrative Agent and Collateral Agent to enter into the Intercreditor Agreement and the usual and customary Intercreditor Agreements intercreditor agreements and to subject the Liens on the Collateral securing the Obligations to the provisions thereof. In addition, but in conformance with the terms hereof, each Lender hereby authorizes the Administrative Agent and the Collateral Agent to enter into (i) any amendments to any Intercreditor Agreementsintercreditor agreements, and (ii) any other intercreditor arrangements, in the case of clauses (i) ), and (ii), ) to the extent required to give effect to the establishment of intercreditor rights and privileges as contemplated and required by Section 7.01 of this Agreement. Each Lender waives any conflict of interest, now contemplated or arising hereafter, in connection therewith and agrees not to assert against any Agent or any of its affiliates any claims, causes of action, damages or liabilities of whatever kind or nature relating thereto.

Appears in 1 contract

Samples: Asset Based Revolving Credit Agreement (Albertsons Companies, Inc.)

Intercreditor Agreements. The Agent is Agents are hereby authorized to enter into the ABL Intercreditor Agreement and [**] and any other usual and customary intercreditor or subordination agreements or arrangements approved in writing by the Required Lenders (for purposes of this paragraph, the “Intercreditor Agreement Agreements”) to the extent contemplated by the terms hereof, and the parties hereto acknowledge that each such Intercreditor Agreement is binding upon them. Each Lender (a) hereby agrees that it will be bound by and will take no actions contrary to the provisions of the each Intercreditor Agreements Agreement at any time existing and (b) hereby authorizes and instructs the Agent Agents to enter into the usual and customary Intercreditor Agreements and to subject the Liens on the Collateral securing the Obligations to the provisions thereof, as the case may be. In addition, but in conformance with the terms hereof, each Lender hereby authorizes the Agent Agents to enter into (i) any amendments to any the Intercreditor Agreements, Agreements and (ii) any other intercreditor arrangements, in the case of clauses (i) and (ii), ) to the extent approved in writing by the Required Lenders and required to give effect to the establishment of intercreditor rights and privileges as contemplated and required by Section 8.16 of this Agreement. Each Lender waives any conflict of interest, now contemplated or arising hereafter, in connection therewith and agrees not to assert against any the Agent or any of its affiliates Affiliates any claims, causes of action, damages or liabilities of whatever kind or nature relating thereto. Each Lender hereby acknowledges and agrees that the provisions of Section 13.4 of this Agreement shall apply with equal effect to any such Intercreditor Agreement.

Appears in 1 contract

Samples: Term Loan Credit Agreement (ProFrac Holding Corp.)

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Intercreditor Agreements. The Collateral Agent is hereby authorized to enter into any usual and customary Customary Intercreditor Agreement to the extent contemplated by the terms hereof, and the parties hereto acknowledge that such Customary Intercreditor Agreement is binding upon them. Each Lender (a) hereby agrees that it will be bound by and will take no actions contrary to the provisions of the Customary Intercreditor Agreements Agreement and (b) hereby authorizes and instructs the Collateral Agent to enter into the usual and customary Customary Intercreditor Agreements Agreement and to subject the Liens on the Collateral securing the Obligations to the provisions thereof. In addition, but in conformance with the terms hereof, each Lender hereby authorizes the Collateral Agent to enter into (i) any amendments to any Customary Intercreditor AgreementsAgreement, and (ii) any other intercreditor arrangements, in the case of clauses (i) ), and (ii), ) to the extent required to give effect to the establishment of intercreditor rights and privileges as contemplated and required by Section 10.2 of this Agreement. Each Lender acknowledges and agrees that any of the Agents (or one or more of their respective Affiliates) may (but are not obligated to) act as the “Representative” or like term for the holders of Credit Agreement Refinancing Indebtedness under the security agreements with respect thereto and/or under a Customary Intercreditor Agreement. Each Lender waives any conflict of interest, now contemplated or arising hereafter, in connection therewith and agrees not to assert against any Agent or any of its affiliates any claims, causes of action, damages or liabilities of whatever kind or nature relating thereto.. 12.16

Appears in 1 contract

Samples: Credit Agreement (Snap One Holdings Corp.)

Intercreditor Agreements. The Collateral Agent is hereby authorized to enter into any usual and customary Customary Intercreditor Agreement to the extent contemplated by the terms hereof, and the parties hereto acknowledge that such Customary Intercreditor Agreement is binding upon them. Each Lender (a) hereby agrees that it will be bound by and will take no actions contrary to the provisions of the Customary Intercreditor Agreements Agreement and (b) hereby authorizes and instructs the Collateral Agent to enter into the usual and customary Customary Intercreditor Agreements Agreement and to subject the Liens on the Collateral securing the Obligations to the provisions thereof. In addition, but in conformance with the terms hereof, each Lender hereby authorizes the Collateral Agent to enter into (i) any amendments to any Customary Intercreditor AgreementsAgreement, and (ii) any other intercreditor arrangements, in the case of clauses (i) ), and (ii), ) to the extent required to give effect to the establishment of intercreditor rights and privileges as contemplated and required by Section ‎10.2 of this Agreement. Each Lender acknowledges and agrees that any of the Agents (or one or more of their respective Affiliates) may (but are not obligated to) act as the “Representative” or like term for the holders of Credit Agreement Refinancing Indebtedness under the security agreements with respect thereto and/or under a Customary Intercreditor Agreement. Each Lender waives any conflict of interest, now contemplated or arising hereafter, in connection therewith and agrees not to assert against any Agent or any of its affiliates any claims, causes of action, damages or liabilities of whatever kind or nature relating thereto.

Appears in 1 contract

Samples: Credit Agreement (MultiPlan Corp)

Intercreditor Agreements. The Agent is Agents are hereby authorized to enter into the ABL Intercreditor Agreement and any other usual and customary intercreditor or subordination agreements or arrangements approved in writing by the Required Lenders (for purposes of this paragraph, the “Intercreditor Agreement Agreements”) to the extent contemplated by the terms hereof, and the parties hereto acknowledge that each such Intercreditor Agreement is binding upon them. Each Lender (a) hereby agrees that it will be bound by and will take no actions contrary to the provisions of the each Intercreditor Agreements Agreement at any time existing and (b) hereby authorizes and instructs the Agent Agents to enter into the usual and customary Intercreditor Agreements and to subject the Liens on the Collateral securing the Obligations to the provisions thereof, as the case may be. In addition, but in conformance with the terms hereof, each Lender hereby authorizes the Agent Agents to enter into (i) any amendments to any the Intercreditor Agreements, Agreements and (ii) any other intercreditor arrangements, in the case of clauses (i) and (ii), ) to the extent approved in writing by the Required Lenders and required to give effect to the establishment of intercreditor rights and privileges as contemplated and required by Section 8.16 of this Agreement. Each Lender waives any conflict of interest, now contemplated or arising hereafter, in connection therewith and agrees not to assert against any the Agent or any of its affiliates Affiliates any claims, causes of action, damages or liabilities of whatever kind or nature relating thereto.

Appears in 1 contract

Samples: Intercreditor Agreement (ProFrac Holding Corp.)

Intercreditor Agreements. The Administrative Agent is and Collateral Agent are hereby authorized to enter into each Intercreditor Agreement and any other usual and customary Intercreditor Agreement intercreditor agreements to the extent contemplated by the terms hereof, and the parties hereto acknowledge that each such Intercreditor Agreement and any other intercreditor agreement is binding upon them. Each Lender (a) hereby agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreements and the other intercreditor agreements and (b) hereby authorizes and instructs the Administrative Agent and Collateral Agent to enter into the Intercreditor Agreements and the usual and customary Intercreditor Agreements intercreditor agreements and to subject the Liens on the Collateral securing the Obligations to the provisions thereof. In addition, but in conformance with the terms hereof, each Lender hereby authorizes the Administrative Agent and the Collateral Agent to enter into (i) any amendments to the Intercreditor Agreements and any Intercreditor Agreementsother intercreditor agreements, and (ii) any other Intercreditor Agreements and any other intercreditor arrangements, in the case of clauses (i) and (ii), ) to the extent required to give effect to the establishment of intercreditor rights and privileges as contemplated and required by Section 7.01 of this Agreement. Each Lender waives any conflict of interest, now contemplated or arising hereafter, in connection therewith and agrees not to assert against any Agent or any of its affiliates Affiliates any claims, causes of action, damages or liabilities of whatever kind or nature relating thereto.

Appears in 1 contract

Samples: Term Loan Agreement (Keane Group, Inc.)

Intercreditor Agreements. The Administrative Agent is hereby authorized to enter into the Intercreditor Agreement and any other usual and customary Intercreditor Agreement intercreditor agreements to the extent contemplated by the terms hereof, and the parties hereto acknowledge that each such Intercreditor Agreement intercreditor agreement is binding upon them. Each Lender (a) hereby agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreements intercreditor agreements and (b) hereby authorizes and instructs the Administrative Agent to enter into the Intercreditor Agreement and the usual and customary Intercreditor Agreements intercreditor agreements and to subject the Liens on the Collateral securing the Obligations to the provisions thereof. In addition, but in conformance with the terms hereof, each Lender hereby authorizes the Administrative Agent to enter into (i) any amendments to any Intercreditor Agreementsintercreditor agreements, and (ii) any other intercreditor arrangements, in the case of clauses (i) ), and (ii), ) to the extent required to give effect to the establishment of intercreditor rights and privileges as contemplated and required by Section 7.01 of this Agreement. Each Lender waives any conflict of interest, now contemplated or arising hereafter, in connection therewith and agrees not to assert against any the Administrative Agent or any of its affiliates any claims, causes of action, damages or liabilities of whatever kind or nature relating thereto.

Appears in 1 contract

Samples: Credit Agreement (C&J Energy Services, Inc.)

Intercreditor Agreements. The Collateral Agent is hereby authorized to enter into any usual and customary Customary Intercreditor Agreement to the extent contemplated by the terms hereof, and the parties hereto acknowledge that such Customary Intercreditor Agreement is binding upon them. Each Lender (a) hereby agrees that it will be bound by and will take no actions contrary to the provisions of the Customary Intercreditor Agreements Agreement and (b) hereby authorizes and instructs the Collateral Agent to enter into the usual and customary Customary Intercreditor Agreements Agreement and to subject the Liens on the Collateral securing the Obligations to the provisions thereof. In addition, but in conformance with the terms hereof, each Lender hereby authorizes the Collateral Agent to enter into (i) any amendments to any Customary Intercreditor AgreementsAgreement, and (ii) any other intercreditor arrangements, in the case of clauses (i) ), and (ii), ) to the extent required to give effect to the establishment of intercreditor rights and privileges as contemplated and required by Section 10.2 of this Agreement. 192 Each Lender acknowledges and agrees that any of the Agents (or one or more of their respective Affiliates) may (but are not obligated to) act as the “Representative” or like term for the holders of Credit Agreement Refinancing Indebtedness under a Customary Intercreditor Agreement. Each Lender waives any conflict of interest, now contemplated or arising hereafter, in connection therewith and agrees not to assert against any Agent or any of its affiliates any claims, causes of action, damages or liabilities of whatever kind or nature relating thereto.

Appears in 1 contract

Samples: Credit Agreement (Grocery Outlet Holding Corp.)

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