Intercreditor Agent definition
Examples of Intercreditor Agent in a sentence
Executed counterparts of each of the Finance Documents have been delivered to the Intercreditor Agent on, or prior to, the Closing Date and the Intercreditor Agent has acknowledged receipt thereof.
The Intercreditor Agent shall have received the initial Operating Budget required pursuant to Section 10.5 (Operating Budget) relating to the Phase 1 Project Facilities.
The Obligors may not assign or transfer any of their rights or obligations under this Agreement without the prior written consent of the Intercreditor Agent, and any such attempted assignment or transfer without such prior written consent shall be void and invalid.
If the obligations are in different currencies, the Facility Lender, the Facility Agent and the Intercreditor Agent, as applicable, may convert either obligation at a market rate of exchange in its usual course of business for the purposes of the set-off.
The Intercreditor Agent shall promptly notify the Collateral Agent, the Borrower and each Facility Lender upon learning of the cessation of the Loan Facility Event of Default to which such certificate(s) related (such notice, a “Cessation Notice”).