Acceptable Intercreditor Agreement means the Intercreditor Agreement, a Market Intercreditor Agreement, or another intercreditor agreement that is reasonably satisfactory to the Administrative Agent (which may, if applicable, consist of a payment “waterfall”).
Acceptable Intercreditor Agreement means a customary intercreditor agreement, subordination agreement, collateral trust agreement or other intercreditor arrangement (which may, if applicable, consist of a payment waterfall) in form and substance reasonably acceptable to the Administrative Agent and the Borrower, which shall be deemed reasonably acceptable to the Lenders if (a) substantially in the form of the First Lien Intercreditor Agreement and/or Second Lien Intercreditor Agreement or (b) it (or any material changes to any such agreement specified in clause (a) or previously entered into pursuant to clause (b)) is posted to the Platform and (i) is accepted by the Required Lenders and/or (ii) not otherwise objected to by the Required Lenders within 5 Business Days of being posted.
Acceptable Intercreditor Agreement means, collectively, each intercreditor agreement that is reasonably satisfactory to the Administrative Agent among the Administrative Agent and one or more representatives for the holders of any Indebtedness that is intended to be secured by the Collateral on a pari passu or junior, as applicable, basis with the Obligations.
More Definitions of Acceptable Intercreditor Agreement
Acceptable Intercreditor Agreement means an intercreditor agreement, the terms of which are consistent with market terms governing security arrangements for the sharing of liens and/or arrangements relating to the distribution of payments, as applicable, (a) to the extent executed in connection with the incurrence of Indebtedness secured by Collateral intended to rank equal in priority to the Liens on the Collateral securing the Obligations, on a pari passu basis, (b) to the extent executed in connection with the incurrence of Indebtedness secured by Collateral intended to rank junior in priority to the Liens on the Collateral securing the Obligations, on a junior basis, and/or (c) to the extent executed in connection with the incurrence of Indebtedness intended to rank junior in rights to payment to the Obligations, on a junior basis, in each case at the time such intercreditor agreement is proposed to be established, as determined by the Administrative Agent and the Borrower in the exercise of reasonable judgment, among the Administrative Agent and one or more representatives for the holders of any such Indebtedness.
Acceptable Intercreditor Agreement means, with respect to any Indebtedness:
Acceptable Intercreditor Agreement means, as applicable: (a) in the case of Indebtedness that is secured by Collateral on a pari passu basis with the Collateral securing the Facility, an agreement substantially in the form of Exhibit E-1 (as such form may be modified in a manner (i) reasonably acceptable to the Parent, the Administrative Agent and the Collateral Agent or (ii) where such modifications are posted for review by the Lenders and the Required Lenders do not object in writing within five Business Days after such agreement is posted), (b) in the case of Indebtedness that is secured by Collateral on a junior lien basis to the Collateral securing the Facility, an agreement substantially in the form of Exhibit E-2 (as such form may be modified in a manner (i) reasonably acceptable to the Parent, the Administrative Agent and the Collateral Agent or (ii) where such modifications are posted for review by the Lenders and the Required Lenders do not object in writing within five Business Days after such agreement is posted) or (c) in the case of any other Indebtedness secured by Collateral, (i) an intercreditor agreement the terms of which are consistent with market terms (as determined by the Parent and the Administrative Agent in good faith) governing arrangements for the sharing and subordination of liens and/or arrangements relating to the distribution of payments, as applicable, at the time the intercreditor agreement is proposed to be established in light of the type of indebtedness subject thereto or (ii) any other intercreditor agreement which is reasonably acceptable to the Parent, the Administrative Agent and the Collateral Agent so long as, in each case, such intercreditor agreement is posted for review by the Lenders and not objected to in writing by the Required Lenders within five Business Days thereafter.
Acceptable Intercreditor Agreement means an intercreditor agreement in form and substance reasonably satisfactory to the Administrative Agent in its Permitted Discretion (it being understood and agreed that an intercreditor agreement in form and substance substantially the same as the form attached hereto as Exhibit D-1 or Exhibit D-2, as applicable, is satisfactory to the Administrative Agent).
Acceptable Intercreditor Agreement means the Intercreditor Agreements, a Market Intercreditor Agreement or another intercreditor agreement that is reasonably satisfactory to the Borrower and the Administrative Agent.
Acceptable Intercreditor Agreement means an intercreditor agreement that is (i) either in substantially the form of Exhibit L-1 or L-2, as applicable, or (ii) reasonably agreed between the Administrative Agent and the Borrower and, if entered into more than sixty (60) days after the date hereof, has not been objected to by the applicable Required Lenders within five (5) Business Days of having been posted (and any such failure to object within such time will be deemed an acceptable of such intercreditor agreement).
Acceptable Intercreditor Agreement. (a) the Initial Intercreditor Agreement, (b) an intercreditor or subordination agreement or arrangement the terms of which are consistent with market terms governing intercreditor arrangements for the sharing or subordination of liens or arrangements relating to the distribution of payments, as applicable, at the time the applicable agreement or arrangement is proposed to be established in light of the type of Indebtedness subject thereto (a “Market Intercreditor Agreement”) and (c) in the case of the Initial Intercreditor Agreement or in the event a Market Intercreditor Agreement has been entered into after the Closing Date, an intercreditor or subordination agreement or arrangement the terms of which are, taken as a whole, not materially less favorable to the Lenders than the terms of the Initial Intercreditor Agreement or such Market Intercreditor Agreement to the extent such agreement governs similar priorities, in each case of clause (b) or (c) as determined by the Borrower Representative and the Administrative Agent in good faith and as reasonably acceptable to the Administrative Agent.