Examples of Pari Passu Intercreditor Agreement in a sentence
Notwithstanding anything to the contrary, (i) the liens and security interests granted to the Notes Collateral Agent pursuant to this Agreement and all rights and obligations of the Notes Collateral Agreement hereunder are expressly subject to the Pari Passu Intercreditor Agreement and (ii) the exercise of any right or remedy by the Notes Collateral Agent (or any Secured Party) hereunder is subject to the limitation and provisions of the Pari Passu Intercreditor Agreement.
Subject to the Pari Passu Intercreditor Agreement, each Grantor further agrees, at the Notes Collateral Agent’s request, to assemble the Collateral and make it available to the Notes Collateral Agent at places which the Notes Collateral Agent (acting at the written direction of the Majority Holders) shall reasonably select, whether at such Grantor’s premises or elsewhere.
Without limiting any of the rights and protections (including indemnities) of the Notes Collateral Agent hereunder, in the event of any conflict or inconsistency between the terms of the Pari Passu Intercreditor Agreement and the terms of this Agreement, the terms of the Pari Passu Intercreditor Agreement shall govern.
Without limiting the generality of the foregoing, and notwithstanding anything herein to the contrary (including any Schedules hereto), no Grantor shall be required hereunder or under any Security Document to take any action with respect to the Collateral that is inconsistent with such Grantor’s obligations under the Pari Passu Intercreditor Agreement.