PNC Intercreditor Agreement definition

PNC Intercreditor Agreement means the Intercreditor Agreement dated as of the date of this Indenture between Wells Fargo Bank, National Association, as junior agent, and PNC Bank, National Association, as senior agent, as amended, restated, adjusted, waived, renewed, extended, supplemented or otherwise modified from time to time.

PNC Intercreditor Agreement means that Letter Agreement re Pledge of SPV Interests dated as of the Closing Date among the Collateral Agent, the Administrative Agent and Revolving Agent, the PNC Securitization Administrative Agent, the Borrower.

PNC Intercreditor Agreement means (x) that Letter Agreement re Pledge of SPV Interests dated as of the Closing Date among the Collateral Agent, the Administrative Agent and Revolving Agent, the PNC Securitization Administrative Agent, the Borrower and (y) any other intercreditor agreement entered into from time to time by the holders of one or more classes of Indebtedness, the Loan Parties and the Collateral Agent and any lender or agent from time to time and designated by the Collateral Agent and the Borrower as a “PNC Intercreditor Agreement”, in each case, as the same may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, and which term shall also include any replacement intercreditor agreement entered into in accordance with the terms hereof.

Examples of PNC Intercreditor Agreement in a sentence

• The Secured Party acknowledges that its security interest in the Collateral and its rights under this Agreement (including, without limitation, its rights as a secured party following the occurrence of an Event of Default) are subject to the terms of the PNC Intercreditor Agreement.

• Anything herein to the contrary notwithstanding, the liens and security interests securing the obligations evidenced by this Note and the exercise of any right or remedy with respect thereto are subject to the provisions of the PNC Intercreditor Agreement, any Additional Priority Lien Intercreditor Agreement, the 10.875% Parity Lien Intercreditor Agreement and any Additional Parity Lien Intercreditor Agreement.

• Each Note shall be subordinated to the Senior Debt pursuant to the terms of the PNC Intercreditor Agreement.

• In the event of any conflict between the terms of any Parity Lien Intercreditor Agreement and this Note, the terms of such Parity Lien Intercreditor Agreement (to the extent not inconsistent with the terms of the PNC Intercreditor Agreement or any Additional Priority Lien Intercreditor Agreement) shall govern and control.

• Those material misrepresentations and omissions lead to litigation between Accurate and Sunbelt, on the one hand, and Defendants, on the other hand which is currently pending (“APA Litigation”).

More Definitions of PNC Intercreditor Agreement

PNC Intercreditor Agreement means the Amended and Restated Lien Priority Agreement by and between Agent and PNC.

PNC Intercreditor Agreement means the Intercreditor Agreement dated as of December 13, 2001 by and between Agent and PNC Bank, National Association, as amended amended by Amendment No. 1 to Intercreditor Agreement dated November 16, 2005, as the same now exist or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced.

PNC Intercreditor Agreement has the meaning set forth in Section 6.1(l) hereof.

PNC Intercreditor Agreement means the Intercreditor Agreement dated as of March 30, 2012 between Xxxxx Fargo Bank, National Association, in its capacity as Trustee and Collateral Agent, and PNC Bank, National Association, as agent under the Credit Agreement, as amended by that certain First Amendment to Intercreditor Agreement dated as of January 22, 2013 between Xxxxx Fargo Bank, National Association, in its capacity as trustee and collateral agent for the holders of the 10.875% Parity Lien Notes, Xxxxx Fargo Bank, National Association, in its capacity as Trustee and Collateral Agent, and PNC Bank, National Association, as agent under the Credit Agreement (the “First Amendment to PNC Intercreditor Agreement”), and as further amended, restated, adjusted, waived, renewed, extended, supplemented or otherwise modified from time to time.

PNC Intercreditor Agreement in each case, as the same may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, and which term shall also include any replacement intercreditor agreement entered into in accordance with the terms hereof.

PNC Intercreditor Agreement means that certain Intercreditor Agreement dated as of April 23, 2004 (as the same may be amended, restated, supplemented or otherwise modified from time to time), between Motorola and the Agent.

PNC Intercreditor Agreement means the Intercreditor Agreement dated as of March 30, 2012 between Wells Fargo Bank, National Association, in its capacity as trustee and collateral agent for the holders of the Outstanding 8.50% Parity Lien Notes, and PNC Bank, National Association, as agent under the Credit Agreement, as amended by that certain First Amendment to Intercreditor Agreement dated as of the date of this Indenture between Wells Fargo Bank, National Association, in its capacity as trustee and collateral agent for the holders of the Outstanding 8.50% Parity Lien Notes, Wells Fargo Bank, National Association, in its capacity as Trustee and Collateral Agent, and PNC Bank, National Association, as agent under the Credit Agreement (the “First Amendment to PNC Intercreditor Agreement”), and as further amended, restated, adjusted, waived, renewed, extended, supplemented or otherwise modified from time to time.