Examples of Junior Priority Lien Intercreditor Agreement in a sentence
Additional information Anyone who receives this Offer to Exchange and Disclosure Statement may obtain a copy of the New Notes Indenture, the Junior Priority Lien Intercreditor Agreement and the Security Documents without charge by writing to the Company, 547 New Park Avenue, West Hartford, Connecticut 06110, Attention: Chief Financial Officer.
Each Holder, by accepting a Security authorizes and directs the Trustee and Collateral Agent to execute, deliver and perform the Junior Priority Lien Intercreditor Agreement and each other Security Document to which they are a party and to bind the Holders to the terms thereof.
In acting under the Junior Priority Lien Intercreditor Agreement, the Collateral Agent shall be entitled to all of the rights, privileges and immunities granted to the Collateral Agent under this Indenture.
A form of the Junior Priority Lien Intercreditor Agreement will be included in the Plan Supplement.
Furthermore, each holder of a Note, by accepting such Note, consents to and approves the terms of and authorizes and directs the Notes Collateral Agent to (i) enter into and perform the duties provided for in the ABL/Cash Flow Intercreditor Agreement, any Junior Priority Lien Intercreditor Agreement and each other Security Document in each of its capacities thereunder and (ii) bind the holders to the terms of the ABL/Cash Flow Intercreditor Agreement and any Junior Priority Lien Intercreditor Agreement.
Notwithstanding the foregoing, pursuant to the Junior Priority Lien Intercreditor Agreement and as further described in Section 11.4(a) hereof, the security interests securing the Securities will be junior in priority to any and all security interests at any time granted to secure the Senior Lien Obligations, pari passu with any and all security interests at any time granted to secure Parity Lien Obligations, and will also be subject to all other Permitted Liens.
In the event of any conflict between the terms of this Indenture and those of the Junior Priority Lien Intercreditor Agreement with respect to the rights, privileges, protections, indemnities and exemptions of the Trustee (in any of its capacities hereunder), the terms of the Junior Priority Lien Intercreditor Agreement shall control.