Senior Intercreditor Agreement definition

Senior Intercreditor Agreement means that certain Senior Intercreditor Agreement dated as of the Amendment No. 1 Effective Date by and among the Borrowers, the Parent, the other “Grantors” party thereto from time to time, the Priming Administrative Agent, the Priming Collateral Agent, the Revolving and LC Administrative Agent, the Collateral Agent, the Term Loan Administrative Agent and the other financial institutions from time to time party thereto.

Senior Intercreditor Agreement means a “pari passu” intercreditor agreement among the Administrative Agent and one or more Other Debt Representatives for holders of Permitted Pari Passu Refinancing Debt or New Incremental Notes, as applicable, in each case, on reasonable and customary terms and in form and substance reasonably satisfactory to the Administrative Agent and the Borrower.

Senior Intercreditor Agreement means the Pari Passu Intercreditor Agreement (as defined in the Credit Agreement).

Examples of Senior Intercreditor Agreement in a sentence

• The Senior Intercreditor Agreement governs the relative rights and remedies, as lienholders, among holders of Liens securing First-Priority Lien Obligations and holders of Liens securing Second Priority Lien Obligations.

• Notwithstanding anything herein to the contrary, the payment obligations hereunder are subject to the provisions of: (i) the Senior Intercreditor Agreement and (ii) the Junior Intercreditor Agreement.

• The Debtors admit, stipulate, and agree that the Senior Intercreditor Agreement was entered into in good faith and is fair and reasonable to the parties thereto and enforceable in accordance with the terms thereof.

• In the event of any conflict between the terms of the Senior Intercreditor Agreement, the Junior Intercreditor Agreement and this Indenture, the terms of the Senior Intercreditor Agreement shall govern and control; and in the event of any conflict between the terms of the Junior Intercreditor Agreement and this Indenture, the terms of the Junior Intercreditor Agreement shall govern and control.

• Neither any Administrative Agent or the Collateral Agent shall have any duties or obligations except those expressly set forth herein, in the other Loan Documents, the Senior Intercreditor Agreement and in the Collateral Agency Agreement.

More Definitions of Senior Intercreditor Agreement

Senior Intercreditor Agreement means any intercreditor agreement among, inter alios, the Secured Notes Collateral Agent and the agent, representative or other secured party(ies) representing the holders of Senior Lien Obligations which governs the relative rights and obligations between such holders, the holders of 2030 Notes, the holders of 2031 Notes and the Holders hereunder in the form of Exhibit C to this Indenture.

Senior Intercreditor Agreement means (i) if the Existing Credit Facility is outstanding on the relevant date of determination, the Initial Intercreditor Agreement or (ii) if the Existing Credit Facility is not outstanding on the relevant date of determination, either (a) an intercreditor agreement substantially in the form of the Initial Intercreditor Agreement, with any changes thereto, provided that the Company shall have determined in good faith that the terms thereof taken as a whole are not materially less favorable to the Holders than those of the Initial Intercreditor Agreement or (b) a Market Intercreditor Agreement providing for Indebtedness to be secured on a senior basis to the Note Obligations and, if any, other Pari Passu Obligations, in each case, as the same may be amended, restated, amended and restated, supplemented, replaced or otherwise modified from time to time, in accordance with this Indenture.

Senior Intercreditor Agreement means that certain Senior Intercreditor Agreement dated as of the Effective Date, by and among the Borrowers, the Parent, the other Grantors (as such term is defined therein) party thereto from time to time and Credit Agricole, as First Priority Agent (as such term is defined therein) and Second Priority Agent (as such term is defined therein).

Senior Intercreditor Agreement means the Senior Intercreditor and Subordination Agreement, dated as of December 10, 2009, among Bank of America, N.A., as First Lien Credit Facility Representative and First Lien Agent, Deutsche Bank Trust Company Americas, as Series A Representative and Series A Collateral Agent, the Company, the Guarantors and certain other parties, including, pursuant to joinder agreements dated March 30, 2011, June 15, 2011 and the date hereof, the Trustee and the Notes Collateral Agent, as amended or supplemented from time to time.

Senior Intercreditor Agreement has the meaning set forth in Section 12.3 hereof.

Senior Intercreditor Agreement means that certain amended and restated Intercreditor and Priority Agreement, dated as of the Issue Date, by and among the Company, the other Note Parties, the Collateral Agent, the Second Lien Collateral Agent and the Senior Administrative Agent, and as joined from time to time by the trustee or agent of newly-issued Permitted Junior Debt or any replacement intercreditor agreement entered into by such parties in connection with any Bank Facility or Permitted Junior Debt on substantially similar, as any such agreement may be amended, restated, supplemented or otherwise modified from time to time in accordance with the terms hereof and thereof.

Senior Intercreditor Agreement means (i) the Intercreditor Agreement, dated as of the August 21, 2018, by and among each Senior Agent, (as amended, amended and restated, supplemented or otherwise modified prior to the date hereof and as it may be amended, amended and restated, supplemented or otherwise modified from time to time in accordance with the terms thereof) or (ii) any other intercreditor agreement among the Agent and any agent or trustee with respect to any Senior Credit Agreement or any Permitted Amendment or Refinancing thereof, as it may be amended, amended and restated, supplemented or otherwise modified from time to time in accordance with the terms hereof and thereof.