Lien Subordination and Intercreditor Agreement definition

Lien Subordination and Intercreditor Agreement means the Lien Subordination and Intercreditor Agreement dated as of April 19, 2012, as amended, among (a) the Collateral Agent, (b) the collateral agent under the First Lien Agreement, (c) the Designated Senior Obligations Collateral Agents and Designated Junior Obligations Collateral Agents (as such terms are defined therein) from time to time party thereto and (d) the Borrower and the Subsidiaries of the Borrower party thereto or any substitute or successor agreement among such parties containing substantially the same terms (and under which the Obligations shall have been designated by the Borrower as “Senior Obligations”), with any changes approved by the Administrative Agent.

Lien Subordination and Intercreditor Agreement means the Lien Subordination and Intercreditor Agreement dated as of March 12, 2004, among JPMCB, Wilmington Trust Company, the Borrower and the Subsidiary Guarantors.

Lien Subordination and Intercreditor Agreement means the Lien Subordination and Intercreditor Agreement, dated as of May 28, 2010 among the ABL Collateral Agent (as defined therein), the Notes Collateral Agent (as defined therein), the Issuer and each other party thereto (as amended, restated, modified or supplemented from time to time).

Examples of Lien Subordination and Intercreditor Agreement in a sentence

• Reference is made to the Lien Subordination and Intercreditor Agreement dated as of June 9, 2008, among General Electric Capital Corporation, as Collateral Agent for the Revolving Facility Secured Parties referred to therein, U.S. Bank National Association, as Trustee and as Noteholder Collateral Agent, Ply Gem Holdings, Inc., Ply Gem Industries, Inc.

• The Lien Subordination and Intercreditor Agreement provides that, at any time that obligations that have the benefit of senior priority liens on the collateral are outstanding, including the holders of the PIK Notes, the trustee under the PIK Notes Indenture and the collateral agent may not assert or enforce any right of marshaling accorded to a junior priority lienholder, as against the holders of such indebtedness secured by senior priority liens in the collateral.

• Capitalized terms used herein but not otherwise defined herein shall have the meaning assigned to such terms in the Junior Lien Subordination and Intercreditor Agreement.

• The foregoing provisions are intended as an inducement to the First Lien Secured Parties (as defined in the Lenders Lien Subordination and Intercreditor Agreement) to extend credit to The Goodyear Tire & Rubber Company and its subsidiaries, and such First Lien Secured Parties are intended third party beneficiaries of such provisions and the provisions of the Lenders Lien Subordination and Intercreditor Agreement.

• Reference is made to the Lien Subordination and Intercreditor Agreement dated as of May 20, 2008, among Bank of America, N.A., as Collateral Agent for the Revolving Facility Secured Parties referred to therein; U.S. Bank National Association, as Trustee and as Noteholder Collateral Agent; Nortek, Inc.; and the other subsidiaries of Nortek, Inc.

More Definitions of Lien Subordination and Intercreditor Agreement

Lien Subordination and Intercreditor Agreement means a Lien Subordination and Intercreditor Agreement, to be dated on or about the first date on which Senior Subordinated-Lien Indebtedness is incurred, issued or sold, among the Collateral Agent, the applicable Senior Subordinated-Lien Collateral Agent, the Borrower and the Subsidiary Guarantors, in substantially the form of the draft made available to the Lenders prior to the First Amendment Date with such changes as shall have been approved by the Administrative Agent.

Lien Subordination and Intercreditor Agreement means the Lien Subordination and Intercreditor Agreement dated as of March 12, 2004, among the Collateral Agent, Wilmington Trust Company, Goodyear and the Subsidiary Guarantors.

Lien Subordination and Intercreditor Agreement means the Lien Subordination and Intercreditor Agreement dated as of April 19, 2012, as amended,

Lien Subordination and Intercreditor Agreement means the Lien Subordination and Intercreditor Agreement dated as of March 12, 2004, among (a) JPMCB, as collateral agent for holders of the “US Facilities Obligations”, as defined therein, (b) pursuant to an Accession Agreement delivered under Section 4.01 thereof, JPMCB, as Collateral Agent for the First Lien Secured Parties, (c) pursuant to an Accession Agreement delivered under Section 4.01 thereof, Deutsche Bank Trust Company Americas, as collateral agent for the Second Lien Secured Parties, (d) Wilmington Trust Company, as collateral agent for holders of the Initial Junior Indebtedness, as defined therein, (e) pursuant to an Accession Agreement delivered under Section 4.01 thereof, Wilmington Trust Company, as collateral agent for holders of the “Obligations” as defined in the Third Lien Agreement, and (f) the Company and the subsidiaries of the Company party thereto, as amended from time to time.

Lien Subordination and Intercreditor Agreement means a Lien Subordination and Intercreditor Agreement prepared by counsel for the Collateral Agent and reasonably satisfactory in form and substance to each Lender and the Borrower under which (a) the Liens created by the Security Documents in the IDB Revolving Facility First Lien Collateral are subordinated to the Liens on such assets securing the obligations under the Refinancing Facilities Agreement and (b) the Liens created under the Refinancing Facilities Agreement in all the other Collateral are subordinated to the Liens on such Collateral created by the Security Documents.

Lien Subordination and Intercreditor Agreement means the Lien Subordination and Intercreditor Agreement dated as of March 12, 2004, among (a) JPMCB, as collateral agent for holders of the “US Facilities Obligations”, as defined therein, (b) pursuant to an Accession Agreement delivered under Section 4.01 thereof, the Collateral Agent, (c) pursuant to an Accession Agreement delivered under Section 4.01 thereof, Deutsche Bank Trust Company Americas, as collateral agent for holders of the

Lien Subordination and Intercreditor Agreement means the Lien Subordination and Intercreditor Agreement dated as of April 19, 2012, among (a) JPMorgan Chase Bank, N.A., as Collateral Agent for the First Lien Secured Parties, (b) Deutsche Bank Trust Company Americas, as collateral agent for the Second Lien Secured Parties, (c) the Designated Senior Obligations Collateral Agents and Designated Junior Obligations Collateral Agents (as such terms are defined therein) from time to time party thereto and (d) the Company and the subsidiaries of the Company party thereto, as amended from time to time.