Examples of Intercreditor and Subordination Agreement in a sentence
This Credit Agreement, the Loan Documents and the Intercreditor and Subordination Agreement each shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs or successors in interest.
The Notes are secured, in part, by (i) a pledge and assignment of Payments (as defined in the Indenture), including without limitation, all amounts of money received by the Trustee with respect to IN WITNESS WHEREOF, the parties have caused this Intercreditor and Subordination Agreement to be duly executed as of the date first above written.
Lender may assign all or a portion of its rights under this Credit Agreement or any Loan Documents to an Affiliate of Lender without the consent of the Loan Parties; provided that such Affiliate of Lender agrees to be bound by all of the terms hereof and thereof and of the Intercreditor and Subordination Agreement; provided, further, that, unless Borrower otherwise consents in its sole and absolute discretion, Lender shall remain obligated under this Credit Agreement to make all Loans required hereunder.
Intercreditor and Subordination Agreement, dated as of June 27, 2012, between CD Financial, LLC and PNC Bank, National Association, and acknowledged by Integrated BioPharma, Inc., InB:Manhattan Drug Company, Inc., Agrolabs, Inc., IHT Health Products, Inc., IHT Properties Corp.
The DECD and Lender assert that the security interests granted to DECD to secure the DECD Prepetition Loan Obligations are subject to an Intercreditor and Subordination Agreement by and between DECD and Lender, dated November 11, 2015 and which they assert provides, inter alia¸ that the security interests of Lender to secure the Prepetition Loan Obligations would be first in priority and the security interests of DECD to secure the DECD Prepetition Loan Obligations would be second in priority.