{"component": "definition", "props": {"groups": [{"snippet": "means the First Lien Intercreditor Agreement and the Existing Intercreditor Agreement, in each case as amended, novated, supplemented, restated, or modified from time to time.", "snippet_links": [{"key": "first-lien-intercreditor-agreement", "type": "definition", "offset": [10, 44]}, {"key": "existing-intercreditor-agreement", "type": "clause", "offset": [53, 85]}, {"key": "each-case", "type": "definition", "offset": [90, 99]}, {"key": "as-amended", "type": "definition", "offset": [100, 110]}, {"key": "from-time-to-time", "type": "clause", "offset": [157, 174]}], "samples": [{"hash": "iJoRb56O4Ky", "uri": "/contracts/iJoRb56O4Ky#intercreditor-arrangements", "label": "Non Notarial Share and Interest Pledge Agreement", "score": 31.340862423, "published": true}, {"hash": "7LO8tDVFj03", "uri": "/contracts/7LO8tDVFj03#intercreditor-arrangements", "label": "Account Pledge Agreement", "score": 31.340862423, "published": true}, 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External Subordinated Creditors and the Trustee on behalf of the Noteholders established pursuant to the Security Documents.", "snippet_links": [{"key": "subordination-arrangements", "type": "clause", "offset": [10, 36]}, {"key": "external-senior-creditors", "type": "definition", "offset": [63, 88]}, {"key": "external-second-senior-creditors", "type": "definition", "offset": [90, 122]}, {"key": "external-third-senior-creditors", "type": "definition", "offset": [124, 155]}, {"key": "external-fourth-senior-creditors", "type": "definition", "offset": [157, 189]}, {"key": "external-intervening-creditors", "type": "definition", "offset": [191, 221]}, {"key": "external-subordinated-creditors", "type": "definition", "offset": [223, 254]}, {"key": "the-trustee", "type": "clause", "offset": [259, 270]}, {"key": "on-behalf-of", "type": "clause", "offset": [271, 283]}, {"key": "the-noteholders", "type": "clause", "offset": [284, 299]}, {"key": "the-security-documents", "type": "clause", "offset": 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over the Pledged Portfolio.", "snippet_links": [{"key": "the-intercreditor-agreement", "type": "clause", "offset": [6, 33]}, {"key": "additional-intercreditor-agreement", "type": "clause", "offset": [39, 73]}, {"key": "senior-indenture", "type": "definition", "offset": [109, 125]}, {"key": "subordinated-indenture", "type": "clause", "offset": [134, 156]}, {"key": "the-creditors", "type": "clause", "offset": [189, 202]}, {"key": "with-respect-to", "type": "clause", "offset": [203, 218]}, {"key": "the-security-interests", "type": "definition", "offset": [219, 241]}, {"key": "pledged-portfolio", "type": "definition", "offset": [270, 287]}], "samples": [{"hash": "dRs3D5p31d", "uri": "/contracts/dRs3D5p31d#intercreditor-arrangements", "label": "Second Ranking Pledge Over Shares Agreement (RenPac Holdings Inc.)", "score": 21.1054072553, "published": true}], "size": 4, "hash": "e17081cef91028d650581b26621e32e0", "id": 4}, {"snippet": "The intercreditor principles with respect to the AssetCo Bonds and AssetCo IGLs should be relatively straightforward and can be addressed in a simple security document. Pursuant to that security document, the AssetCo IGLs will be subordinated for as long as the AssetCo Bonds are outstanding and will be assigned by way of security in favour of the Security Trustee so as to enable them to be sold on enforcement of that security; release provisions can also be dealt with in the security document relating to the AssetCo IGLs. Proceeds of AssetCo Bond security enforcement will be applied as between holders of AssetCo Bonds in the manner provided in the AssetCo Bond Term Sheet. The ranking and treatment of debts owing by AssetCo to TradingCo to be addressed. in connection with the Business Separation to be determined in accordance with the Business Separation Term Sheets. Upon enforcement of the security over the shares in AssetCo, the Security Agent shall be permitted to release the AssetCo Bonds and related guarantees.", "snippet_links": [{"key": "intercreditor-principles", "type": "definition", "offset": [4, 28]}, {"key": "with-respect-to", "type": "clause", "offset": [29, 44]}, {"key": "security-document", "type": "clause", "offset": [150, 167]}, {"key": "pursuant-to", "type": "definition", "offset": [169, 180]}, {"key": "in-favour-of", "type": "clause", "offset": [332, 344]}, {"key": "the-security-trustee", "type": "clause", "offset": [345, 365]}, {"key": "release-provisions", "type": "definition", "offset": [431, 449]}, {"key": "relating-to", "type": "definition", "offset": [498, 509]}, {"key": "security-enforcement", "type": "clause", "offset": [553, 573]}, {"key": "holders-of", "type": "clause", "offset": [601, 611]}, {"key": "bond-term", "type": "definition", "offset": [664, 673]}, {"key": "treatment-of", "type": "definition", "offset": [697, 709]}, {"key": "in-connection-with", "type": "clause", "offset": [763, 781]}, {"key": "business-separation", "type": "clause", "offset": [786, 805]}, {"key": "to-be-determined", "type": "definition", "offset": [806, 822]}, {"key": "in-accordance-with", "type": "definition", "offset": [823, 841]}, {"key": "term-sheets", "type": "definition", "offset": [866, 877]}, {"key": "enforcement-of-the-security", "type": "clause", "offset": [884, 911]}, {"key": "the-shares", "type": "clause", "offset": [917, 927]}, {"key": "agent-shall", "type": "definition", "offset": [953, 964]}, {"key": "related-guarantees", "type": "definition", "offset": [1011, 1029]}], "samples": [{"hash": "69FNL5RuTPj", "uri": "/contracts/69FNL5RuTPj#intercreditor-arrangements", "label": "Restructuring Support Agreement", "score": 24.1704312115, "published": true}, {"hash": "5S8wpiDjkqs", "uri": "/contracts/5S8wpiDjkqs#intercreditor-arrangements", "label": "Restructuring Support Agreement", "score": 24.1704312115, "published": true}], "size": 2, "hash": "120d411c63e9bb100196cf4bc19c46f2", "id": 5}, {"snippet": "means the intercreditor deed referred to in Schedule 3 Part 1 paragraph E(3) (Conditions Precedent).", "snippet_links": [{"key": "intercreditor-deed", "type": "definition", "offset": [10, 28]}, {"key": "schedule-3", "type": "clause", "offset": [44, 54]}, {"key": "part-1", "type": "clause", "offset": [55, 61]}, {"key": "conditions-precedent", "type": "definition", "offset": [78, 98]}], "samples": [{"hash": "h79bg4cFlfw", "uri": "/contracts/h79bg4cFlfw#intercreditor-arrangements", "label": "Senior Credit Agreement (Transworld Healthcare Inc)", "score": 18.0, "published": true}, {"hash": "bqRBo42s0tc", "uri": "/contracts/bqRBo42s0tc#intercreditor-arrangements", "label": "Mezzanine Credit Agreement (Transworld Healthcare Inc)", "score": 18.0, "published": true}], "size": 2, "hash": "26699dc95a5fc5f9ebeae524cd8b3608", "id": 6}, {"snippet": "means the subordination arrangements between, inter 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time to time.", "title": "Intercreditor Arrangements", "size": 359, "id": "intercreditor-arrangements", "examples": ["In the event of a conflict between the terms of this Agreement and the <strong>Intercreditor Arrangements</strong>, the terms of the <strong>Intercreditor Arrangements</strong> will prevail.", "In the event of a conflict between the terms of this Debenture and the <strong>Intercreditor Arrangements</strong>, the terms of the <strong>Intercreditor Arrangements</strong> will prevail.", "Any liberty or power which may be exercised or any determination which may be made under this Debenture by the Collateral Agent or any Receiver may, subject to the terms and conditions of the <strong>Intercreditor Arrangements</strong> and to any requirement of reasonableness required under this Debenture, be exercised or made in its absolute and unfettered discretion without any obligation to give reasons.", "The Collateral Agent may assign and transfer all or any of its rights and obligations under this Debenture to facilitate the performance of its role as Collateral Agent under the Loan Documents in accordance with the <strong>Intercreditor Arrangements</strong>.", "This Agreement is subject to the terms of the <strong>Intercreditor Arrangements</strong>.", "The Collateral Agent may assign and transfer all or any of its rights and obligations under this Agreement to facilitate the performance of its role as Collateral Agent under the Loan Documents in accordance with the <strong>Intercreditor Arrangements</strong>.", "In the event of a conflict between the terms of this Deed and the <strong>Intercreditor Arrangements</strong>, the terms of the <strong>Intercreditor Arrangements</strong> will prevail, subject to the mandatory provisions of Dutch law.", "Any liberty or power which may be exercised or any determination which may be made under this Agreement by the Collateral Agent or any Receiver may, subject to the terms and conditions of the <strong>Intercreditor Arrangements</strong> and to any requirement of reasonableness required under this Agreement, be exercised or made in its absolute and unfettered discretion without any obligation to give reasons.", "Each Lender (a) hereby agrees that it will be bound by and will take no actions contrary to the provisions of each Intercreditor Arrangement at any time existing and (b) hereby authorizes and instructs each of the Agent and the Collateral Agent to enter into <strong>Intercreditor Arrangements</strong> approved by the Agent and Required Lenders and to subject the Liens on the Collateral securing the Obligations to the provisions thereof, as the case may be.", "In addition, but in conformance with the terms hereof, each Lender hereby authorizes each of the Agent and the Collateral Agent to enter into (i) any amendments to the <strong>Intercreditor Arrangements</strong> and (ii) any other <strong>intercreditor arrangements</strong>, in the case of clauses (i) and (ii) to the extent approved in writing by the Required Lenders and required to give effect to the establishment of intercreditor rights and privileges as contemplated and/or required by this Agreement."], "related": [["intercreditor-agreements", "Intercreditor Agreements", "Intercreditor Agreements"], ["significant-transaction-or-arrangement", "Significant Transaction or Arrangement", "Significant Transaction or Arrangement"], ["existing-intercreditor-agreement", "Existing Intercreditor Agreement", "Existing Intercreditor Agreement"], ["abl-intercreditor-agreement", "ABL Intercreditor Agreement", "ABL Intercreditor Agreement"], ["other-intercreditor-agreement", "Other Intercreditor Agreement", "Other Intercreditor Agreement"]], "related_snippets": [], "updated": "2025-07-06T21:56:50+00:00"}, "json": true, "cursor": ""}}