Junior Lien Intercreditor Agreements definition

Junior Lien Intercreditor Agreements means each of the Second Lien Intercreditor Agreement and the Third Lien Intercreditor Agreement.
Junior Lien Intercreditor Agreements means one or more intercreditor agreements substantially in the form of Exhibit I or such other form as shall be reasonably satisfactory to both Holdings and the Administrative Agent.
Junior Lien Intercreditor Agreements means any other intercreditor agreement governing any junior priority liens on the ABL Priority Collateral and/or Note Priority Collateral, as applicable, that is incurred after the Issue Date in compliance with the ABL Facility and any Parity Lien Documents.

Examples of Junior Lien Intercreditor Agreements in a sentence

  • The ABL Facility Collateral Agent, the First-Lien Collateral Agent, the Applicable First-Lien Agent, each Other First-Priority Lien Obligations Representative and each Other First-Priority Lien Obligations Collateral Agent hereby appoint the ABL Facility Collateral Agent to act as “Intercreditor Agent” on their behalf pursuant to the Junior Lien Intercreditor Agreements (the “Intercreditor Agent”).

  • Junior Lien Intercreditor Agreements; Non Disturbance Agreements 27 Annexes and Exhibits Annex A Form of Consent of Grantors Annex B Form of Joinder This FIRST LIEN/FIRST LIEN INTERCREDITOR AGREEMENT (as amended, restated, modified or supplemented from time to time, this “Agreement’), dated as of July 13, 2016, is among XXXXXX XXXXXXX SENIOR FUNDING, INC.

  • The Lenders constituting the Majority Lenders hereby authorize and direct the Administrative Agent and the Collateral Agent to enter into, to the extent contemplated to be entered into pursuant to the Credit Agreement, the Junior Lien Intercreditor Agreements.

  • Contrary to the antitrust authority, a firm knows whether it participates or not in a cartel.


More Definitions of Junior Lien Intercreditor Agreements

Junior Lien Intercreditor Agreements means (a) the Intercreditor Agreement, dated as of May 25, 2012 (as amended, supplemented or otherwise modified from time to time), among JPMorgan Chase Bank, N.A., as intercreditor agent and as senior-priority agent for the senior lender claims under the ABL Credit Agreement, JPMorgan Chase Bank, N.A., as senior-priority agent for the senior lender claims under the Cash Flow Credit Agreement, The Bank of New York Mellon Trust Company, N.A., as senior-priority agent for the senior lender claims under the First-Lien Note Indenture, The Bank of New York Mellon Trust Company, N.A., as trustee and collateral agent, the Company and the Subsidiaries of the Company party thereto, as amended, supplemented, restated or otherwise modified from time to time before or after the date hereof, (b) the Intercreditor Agreement, dated as of November 16, 2012 (as amended, supplemented or otherwise modified from time to time), among JPMorgan Chase Bank, N.A., as intercreditor agent and senior-priority agent for the senior lender claims under the ABL Credit Agreement, JPMorgan Chase Bank, N.A., as senior-priority agent for the senior lender claims under the Cash Flow Credit Agreement, The Bank of New York Mellon Trust Company, N.A., as senior-priority agent for the senior lender claims under the First-Lien Note Indenture, The Bank of New York Mellon Trust Company, N.A., as senior-priority agent for the senior lender claims under the 1-1/2 Lien Notes Indenture (as defined in such Intercreditor Agreement), The Bank of New York Mellon Trust Company, N.A., as trustee, collateral agent and second-priority designated agent under the Second Lien Notes Indenture (as defined in such Intercreditor Agreement), the Company and the Subsidiaries of the Company party thereto, as amended, supplemented, restated or otherwise modified from time to time before or after the date hereof, and (c) any other intercreditor agreements governing any junior priority liens on the Collateral (junior to both the ABL Obligations and the First-Priority Lien Obligations) that is incurred after the Issue Date in compliance with the ABL Facility and the First-Priority Lien Obligations Credit Documents.
Junior Lien Intercreditor Agreements means (a) the Intercreditor Agreement, dated as of January 29, 2010, among JPMorgan Chase Bank, N.A., as intercreditor agent and as senior-priority agent for the senior lender claims under the ABL Facility, Wilmington Trust, National Association, as senior-priority agent for the senior lender claims under the First-Lien Note Indenture, Wilmington Trust, National Association (as successor by merger to Wilmington Trust FSB), as trustee and collateral agent, Holdings, the U.S. Borrower and the Subsidiaries of the U.S. Borrower party thereto, as amended, supplemented, restated or otherwise modified from time to time before or after the date hereof, (b) the Amended and Restated Intercreditor Agreement, dated as of January 31, 2013, among JPMorgan Chase Bank, N.A., as intercreditor agent and as senior-priority agent for the senior lender claims under the ABL Facility, Wilmington Trust, National Association (as successor by merger to Wilmington Trust FSB), as senior-priority agent for the holders of the notes issued under the 1.5 Lien Indenture (as defined therein), Wilmington Trust, National Association, as senior-priority agent for the holders of the notes issued under the First-Lien Note Indenture, Wilmington Trust Company, as trustee and collateral agent, Holdings, the U.S. Borrower and the Subsidiaries of the U.S. Borrower party thereto, as amended, supplemented, restated or otherwise modified from time to time before or after the date hereof, and (c) any other intercreditor agreements governing any junior priority liens on the Collateral (junior to both the ABL Obligations and the First-Priority Lien Obligations) that is incurred after the Issue Date in compliance with the ABL Facility and any First-Priority Lien Obligations Credit Documents.

Related to Junior Lien Intercreditor Agreements

  • Junior Lien Intercreditor Agreement means the Junior Lien Intercreditor Agreement substantially in the form of Exhibit H or such other form as reasonably agreed between the Borrower and the Administrative Agent.

  • Second Lien Intercreditor Agreement means a “junior lien” Intercreditor Agreement, which shall be in form and substance reasonably satisfactory to the Administrative Agent, among the Administrative Agent and one or more Designated Representatives for holders of Alternative Incremental Facility Indebtedness or Permitted Junior Secured Refinancing Debt.

  • First Lien Intercreditor Agreement means an Intercreditor Agreement substantially in the form of Exhibit L among the Administrative Agent, the Collateral Agent and the representatives for purposes thereof for any other First Lien Secured Parties, with such changes thereto as may be reasonably acceptable to the Administrative Agent; provided that such changes are not materially adverse to the Lenders.

  • First Lien/Second Lien Intercreditor Agreement means an intercreditor agreement substantially in the form of Exhibit H hereto, or such other customary form reasonably acceptable to the Administrative Agent and the Borrower, in each case, as such document may be amended, restated, supplemented or otherwise modified from time to time.

  • ABL Intercreditor Agreement means the intercreditor agreement dated as of the Restatement Date among Agent, the Term Administrative Agent and the Credit Parties, substantially in the form of Exhibit 1.1, as the same may be amended, restated, supplemented or otherwise modified from time to time or any other intercreditor agreement among the Term Administrative Agent, Agent and the Credit Parties on terms that are not less favorable in any material respect to the Secured Parties than those contained in the form attached as Exhibit 1.1.

  • Intercreditor Agreements means the First Lien Intercreditor Agreement and the Junior Lien Intercreditor Agreement, collectively, in each case to the extent in effect.

  • Intercreditor Agreement means the Intercreditor Agreement dated as of the Issue Date (and as may be amended, restated, amended and restated, supplemented or otherwise modified from time to time), between, among others, the Company, the Guarantors, the Trustee, the Collateral Agent, and each additional authorized representative and collateral agent from time to time party thereto.

  • Term Loan Intercreditor Agreement means that certain Intercreditor Agreement substantially in the form of Exhibit L hereof, dated as of the date hereof, among the administrative agent under the Term Loan Credit Agreement, the Administrative Agent on behalf of the Secured Parties, and the Loan Parties, as amended and in effect from time to time.

  • Existing Intercreditor Agreement means the existing intercreditor agreement dated 11 May 2007 (as amended by a letter dated 21 June 2007 and a further letter dated 29 June 2007, as amended and restated on 5 November 2009 and as further amended on 5 November 2010) between, inter alia, Beverage Packaging Holdings (Luxembourg) I S.A., Rank Group Holdings Limited (now Xxxxxxxx Group Holdings Limited), Beverage Packaging Holdings (Luxembourg) II S.A., Beverage Packaging Holdings (Luxembourg) III S.à x.x., Credit Suisse AG (formerly Credit Suisse) as security trustee and others.

  • Other Intercreditor Agreement an intercreditor agreement in form and substance reasonably satisfactory to the Borrower and the Collateral Agent.

  • ABL/Term Loan Intercreditor Agreement means the Intercreditor Agreement, dated as of the Closing Date, by and among the Collateral Agent, Xxxxxx Xxxxxxx Senior Funding, Inc., as collateral agent under the Second Lien Term Loan Credit Agreement, Bank of America, N.A., as collateral agent under the ABL Credit Agreement, Parent and the Subsidiary Loan Parties party thereto, as amended, restated, supplemented or otherwise modified from time to time in accordance with the requirements thereof and of this Agreement.

  • Permitted Pari Passu Intercreditor Agreement means, with respect to any Liens on Collateral that are intended to be pari passu with the Liens securing the Term B Loans (and other Loan Obligations that are pari passu with the Term B Loans), either (as the Borrower shall elect) (x) the First Lien/First Lien Intercreditor Agreement, (y) another intercreditor agreement not materially less favorable to the Lenders vis-à-vis such pari passu Liens than the First Lien/First Lien Intercreditor Agreement (as determined by the Borrower in good faith) or (z) another intercreditor agreement the terms of which are consistent with market terms governing security arrangements for the sharing of liens on a pari passu basis at the time such intercreditor agreement is proposed to be established in light of the type of Indebtedness to be secured by such liens, as determined by the Administrative Agent and the Borrower in the exercise of reasonable judgment.

  • Pari Passu Intercreditor Agreement means an intercreditor agreement among the Administrative Agent and the other parties from time to time party thereto, substantially in the form of Exhibit I.

  • Permitted Junior Intercreditor Agreement means, with respect to any Liens on Collateral that are intended to be junior to any Liens securing the Loan Obligations, one or more customary intercreditor agreements, each of which shall be in form and substance reasonably satisfactory to the Administrative Agent.

  • Equal Priority Intercreditor Agreement means the Equal Priority Intercreditor Agreement substantially in the form of Exhibit G-1 among (x) the Collateral Agent and (y) one or more representatives of the holders of one or more classes of Permitted Additional Debt and/or Permitted Equal Priority Refinancing Debt, with any immaterial changes and material changes thereto in light of the prevailing market conditions, which material changes shall be posted to the Lenders not less than five Business Days before execution thereof and, if the Required Lenders shall not have objected to such changes within five Business Days after posting, then the Required Lenders shall be deemed to have agreed that the Administrative Agent’s and/or Collateral Agent’s entry into such intercreditor agreement (with such changes) is reasonable and to have consented to such intercreditor agreement (with such changes) and to the Administrative Agent’s and/or Collateral Agent’s execution thereof.

  • Customary Intercreditor Agreement means (a) to the extent executed in connection with the Incurrence of secured Indebtedness Incurred by a Credit Party, the Liens on the Collateral securing which are intended to rank equal in priority to the Liens on the Collateral securing the Obligations (but without regard to the control of remedies), at the option of the Borrower and the Collateral Agent acting together in good faith, either (i) any intercreditor agreement substantially in the form of the Equal Priority Intercreditor Agreement or (ii) a customary intercreditor agreement in form and substance reasonably acceptable to the Collateral Agent and the Borrower, which agreement shall provide that the Liens on the Collateral securing such Indebtedness shall rank equal in priority to the Liens on the Collateral securing the Obligations (but without regard to the control of remedies) and (b) to the extent executed in connection with the Incurrence of secured Indebtedness Incurred by a Credit Party, the Liens on the Collateral securing which are intended to rank junior in priority to the Liens on the Collateral securing the Obligations, at the option of the Borrower and the Collateral Agent acting together in good faith, either (i) an intercreditor agreement substantially in the form of the Junior Priority Intercreditor Agreement or (ii) a customary intercreditor agreement in form and substance reasonably acceptable to the Collateral Agent and the Borrower, which agreement shall provide that the Liens on the Collateral securing such Indebtedness shall rank junior in priority to the Liens on the Collateral securing the Obligations.

  • Junior Lien Documents means, collectively, any indenture, credit agreement or other agreement or instrument pursuant to which Junior Lien Debt is incurred and the documents pursuant to which Junior Lien Obligations are granted.

  • Additional Intercreditor Agreement has the meaning given to it in Section 4.23(b).

  • Collateral Agency and Intercreditor Agreement means that certain Collateral Agency and Intercreditor Agreement, dated as of January 31, 2008 (as amended, amended and restated, supplemented or otherwise modified from time to time in compliance with the terms of this Indenture), by and among the Company, the other guarantors from time to time party thereto, the secured debt representatives and the Collateral Agent.

  • 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”).

  • Intercreditor Agent has the meaning given to such term in the Intercreditor Agreement.

  • Priority Lien Security Documents means the Priority Credit Agreement (insofar as the same grants a Lien on the Collateral), each agreement listed in Part A of Exhibit B hereto, and any other security agreements, pledge agreements, collateral assignments, mortgages, deeds of trust, control agreements, or grants or transfers for security, now existing or entered into after the date hereof, executed and delivered by the Borrower or any other Grantor creating (or purporting to create) a Lien upon Collateral in favor of the Priority Lien Agent (including any such agreements, assignments, mortgages, deeds of trust and other documents or instruments associated with any Priority Substitute Credit Facility).

  • Priority Lien Documents means the Priority Credit Agreement, the Priority Lien Security Documents, the other “Loan Documents” (as defined in the Priority Credit Agreement) and all other loan documents, notes, guarantees, instruments and agreements governing or evidencing, or executed or delivered in connection with, any Priority Substitute Credit Facility.

  • Second Priority Documents means each Second Priority Agreement, each Second Priority Security Document and each Second Priority Guarantee.

  • Parity Lien Documents means, collectively, the Note Documents and any additional indenture, supplemental indenture, credit agreement or other agreement governing each other Series of Parity Lien Debt and the Security Documents (other than any Security Documents that do not secure Parity Lien Obligations).

  • First Lien Security Documents means, collectively, (i) the Credit Agreement Collateral Documents and (ii) the Additional First-Lien Security Documents.