Common use of Intercreditor Clause in Contracts

Intercreditor. Each Secured Party (and each Person that becomes a Secured Party hereunder) hereby authorizes and directs the Administrative Agent and the Trustee to enter into the Intercreditor Agreement on behalf of such Secured Party and agrees that the Administrative Agent and the Trustee may take such action on its behalf as is contemplated by the terms of the Intercreditor Agreement. Each Secured Party hereby agrees that, notwithstanding anything herein or in any other Transaction Document to the contrary, the Liens and security interests granted to the Trustee hereunder and the exercise of any right or remedy by the Administrative Agent and the Trustee hereunder or under any other Transaction Document are subject to the provisions of the Intercreditor Agreement. In the event of any conflict between the terms of the Intercreditor Agreement and any other Transaction Document, the terms of the Intercreditor Agreement shall govern and control.