Subject to Intercreditor Clause Samples
The 'Subject to Intercreditor' clause establishes that the rights and obligations of the parties under the agreement are subordinate to, and governed by, the terms of an intercreditor agreement. In practice, this means that if there are multiple creditors involved, the priorities, enforcement rights, and payment distributions among them will be determined by the intercreditor agreement, even if this agreement states otherwise. This clause is essential for coordinating the interests of different lenders and preventing conflicts, ensuring that all parties understand and adhere to the agreed-upon hierarchy of claims and remedies.
Subject to Intercreditor. Each Lender party hereto or that becomes a party hereto from time to time acknowledges that it has received and reviewed the Intercreditor Agreement and agrees to be bound by the terms thereof. Notwithstanding anything herein to the contrary, (i) the Liens and security interests granted to the Administrative Agent for the benefit of the Secured Parties pursuant to the Collateral Documents and (ii) the exercise of any right or remedy by the Administrative Agent and the Lenders hereunder or under the Collateral Documents and the application of proceeds (including insurance and condemnation proceeds) of any Collateral (collectively, the “Intercreditor Provisions”), in each case, are subject to the limitations and provisions of the Intercreditor Agreement to the extent provided therein. In the event of any conflict in respect of the Intercreditor Provisions between the terms of the Intercreditor Agreement and the terms of this Agreement or any other Loan Document, the terms of the Intercreditor Agreement shall govern.
Subject to Intercreditor. By accepting a Note, each Holder is deemed to have authorized and directed the Trustee and the Collateral Agent, as applicable, to enter into the Collateral Documents the Intercreditor Agreement and to be subject to the terms thereof.
Subject to Intercreditor. By accepting a Note, each Holder is deemed to have authorized and directed the Trustee and the Collateral Agent, as applicable, to enter into the Collateral Documents the Intercreditor Agreement and to be subject to the terms thereof. To assign this Note, fill in the form below: I or we assign and transfer this Note to and irrevocably appoint agent to transfer this Note on the books of the Company. The agent may substitute another to act for him. Date: Your Signature: Signature Guarantee: (Signature must be guaranteed) Sign exactly as your name appears on the other side of this Note. The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations and credit unions with membership in an approved signature guarantee medallion program), pursuant to SEC Rule 17Ad-15. The initial principal amount of the Note shall be $ [ ]. The following increases or decreases in this Global Note have been made: If you want to elect to have this Note purchased by the Company pursuant to Section 3.7 or 3.9 of the Indenture, check the box: If you want to elect to have only part of this Note purchased by the Company pursuant to Section 3.7 or 3.9 of the Indenture, state the amount in principal amount (must be in denominations of integral multiples of $1,000): $ Date: Your Signature: (Sign exactly as your name appears on the other side of the Note) Signature Guarantee: (Signature must be guaranteed) The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations and credit unions with membership in an approved signature guarantee medallion program), pursuant to SEC Rule 17Ad-15. CNO Financial Group, Inc. ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attention: ▇▇▇▇ ▇▇▇▇▇▇ Facsimile No.: (▇▇▇) ▇▇▇-▇▇▇▇ Wilmington Trust FSB, as Trustee and Registrar Corporate Capital Markets ▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇/ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attention: CNO Financial Administration Facsimile No.: (▇▇▇) ▇▇▇-▇▇▇▇ Reference is hereby made to the Indenture, dated as of December 21, 2010 (the “Indenture”), among CNO Financial Group, Inc., as Issuer (the “Company”), the Subsidiary Guarantors named therein and Wilmington Trust FSB, as trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. (the “Transferor”) owns and proposes to transfer the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal ...
Subject to Intercreditor. By accepting a Note, each Holder is deemed to have authorized and directed the Trustee and the Collateral Agent, as applicable, to enter into the Collateral Documents the Intercreditor Agreement and to be subject to the terms thereof. To assign this Note, fill in the form below: I or we assign and transfer this Note to and irrevocably appoint ___________ agent to transfer this Note on the books of the Company. The agent may substitute another to act for him. Date: Your Signature: (Signature must be guaranteed) Sign exactly as your name appears on the other side of this Note. The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations and credit unions with membership in an approved signature guarantee medallion program), pursuant to SEC Rule 17Ad-15. The initial principal amount of the Note shall be $ [______________]. The following increases or decreases in this Global Note have been made: If you want to elect to have this Note purchased by the Company pursuant to Section 3.7 or 3.9 of the Indenture, check the box: