Common use of SUBJECT TO THE INTERCREDITOR AGREEMENT Clause in Contracts

SUBJECT TO THE INTERCREDITOR AGREEMENT. This Guaranty Agreement is subject to the terms of the Intercreditor Agreement which (a) subjects the ability of the Lender Group to pursue remedies hereunder to the prior consent of the U.S. Lenders and (b) sets forth a priority for the application of proceeds upon any disposition of amounts received hereunder.

SUBJECT TO THE INTERCREDITOR AGREEMENT. This Guaranty Agreement is subject to the terms of the Intercreditor Agreement which (a) subjects the ability of the Lender Group to pursue remedies hereunder to the prior consent of the U.S. Canadian Lenders and (b) sets forth a priority for the application of proceeds upon any disposition of amounts received hereunder.