Notes Intercreditor Agreement definition

Notes Intercreditor Agreement means the Intercreditor Agreement substantially in the form of Exhibit K, dated as of the Closing Date, among the Collateral Agent and Wilmington Trust, National Association, as trustee and second priority collateral agent, as the same may be amended, modified or supplemented from time to time.

Notes Intercreditor Agreement means the agreement contemplated by Section 4.01(i) and substantially in the form of Exhibit N, dated as of the Closing Date, among the Collateral Agent, the Trustee and the Control Agent (as defined therein), as the same may be amended, modified or supplemented from time to time.

Notes Intercreditor Agreement means the notes intercreditor agreement dated on or about the date hereof as amended and/or amended and restated from time to time between, inter alia, the Company, the Trustee and the trustee in respect of the 5% Convertible Loan Notes;

Examples of Notes Intercreditor Agreement in a sentence

• The Plan recoveries available to the Holders of Subsidiary-Guaranteed Notes Claims pursuant to the Plan have been made available pursuant to a settlement by and among CEOC, each Subsidiary Guarantor, the Holders of Subsidiary-Guaranteed Notes Claims, CEC, the Consenting First Lien Bank Lenders, and the Consenting First Lien Noteholders (including with respect to the waiver of turnover provisions under the Subsidiary-Guaranteed Notes Intercreditor Agreement set forth in Article IV.A.11 hereof).

• In the event of any conflict between the terms of the Additional Senior Secured Notes Intercreditor Agreement or any other such intercreditor and terms of this Agreement, the terms of the Additional Senior Secured Notes Intercreditor Agreement or such other intercreditor agreement, as applicable, shall govern.

• On the Effective Date, the Holders of First Lien Notes Claims and the Holders of Prepetition Credit Agreement Claims, and their respective trustees and/or agents, will waive the turnover rights under the Subsidiary-Guaranteed Notes Intercreditor Agreement.

• On and after the Effective Date, the relative Lien, payment, and enforcement priorities of (i) the Exit Term Facility and the Exit ABL Facility shall be governed by the terms of the Exit Intercreditor Agreement, and (ii) the Exit Term Facility, the Exit ABL Facility and the Subordinated Notes Facility shall be governed by the terms of the Subordinated Notes Intercreditor Agreement.

• The Person acting as Administrative Agent hereunder shall at all times constitute the “First Lien Representative” as defined in and for purposes of the Senior Notes Intercreditor Agreement and the Holdings Intercreditor Agreement.

More Definitions of Notes Intercreditor Agreement

Notes Intercreditor Agreement means the Intercreditor and Subordination Agreement in substantially the form attached as an Exhibit to the Second Lien Securities Purchase Agreement, among the Borrower, the Notes Collateral Agent and the Administrative Agent (as amended, supplemented or otherwise modified in accordance with its terms).19

Notes Intercreditor Agreement means that certain intercreditor agreement, dated as of [ ], among [ ], as the same may be amended, supplemented, restated or otherwise modified from time to time.

Notes Intercreditor Agreement means the Intercreditor Agreement, to be executed and delivered by the US Collateral Agent, the trustee in respect of the 2011 Notes, in its capacity as trustee under the 2011 Notes Documentation and collateral agent for the holders of the 2011 Notes, any Additional Notes and the holders of Additional Pari Passu Note Obligations and other Trademark Secured Debt, as applicable, and as acknowledged and agreed to by the Loan Parties, substantially in the form of Exhibit A to the First Amendment.

Notes Intercreditor Agreement means the intercreditor agreement, substantially in the form attached to this Indenture and with such changes, amendments or modifications that are not materially adverse to noteholders which agreement will be dated as of the Issue Date and will govern the rights as among the Trustee and the trustee under the indenture relating to the 7.375% Notes in the Collateral Proceeds.

Notes Intercreditor Agreement means that certain Intercreditor Agreement, dated as of the date hereof, among the Secured Party, the Grantor and HT Investments MA LLC, a Delaware limited liability company, in its capacity as First Lien Representative and First Lien Collateral Agent (each as defined in the Notes Intercreditor Agreement) (in such capacities, the “Existing Notes Collateral Agent”).

Notes Intercreditor Agreement means the Intercreditor Agreement dated as of July 13, 2010 by and between JPMorgan Chase Bank, N.A. and BNY Trust Company of Canada, as amended, restated or otherwise supplemented from time to time, including, without limitation, pursuant to the Notes Accession and Acknowledgement Agreement.

Notes Intercreditor Agreement means (a) an intercreditor agreement substantially in the form of Exhibit U-2 hereto, (b) another intercreditor agreement not materially less favorable to the Lenders vis-à-vis such Junior Liens than the form of intercreditor agreement attached as Exhibit U-2 hereto (as determined by the Borrower in good faith) or (c) another intercreditor agreement the terms of which are consistent with market terms governing security arrangements for the sharing of liens on a junior 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 (acting at the direction of, or with the consent of, the Requisite Lenders) and the Borrower in the exercise of reasonable judgment. For the avoidance of doubt, the Notes Intercreditor Agreement is a Junior Lien Intercreditor Agreement.