Permitted Intercreditor Agreement means the ABL Intercreditor Agreement or any Permitted Subordination Agreement.
Permitted Intercreditor Agreement means any intercreditor agreement or subordination agreement approved by the Requisite Holders Counsel or the Requisite Holders in their sole discretion.
Permitted Intercreditor Agreement means with respect to any Refinancing Debt (or Permitted Refinancing Indebtedness in respect thereof) that (i) is intended to be secured on a pari passu basis with the Obligations, an intercreditor agreement substantially in the form of Exhibit G-1, or otherwise in form and substance reasonably acceptable to the Administrative Agent, between the Administrative Agent, such other holders of pari passu Indebtedness party thereto and the holders of such Refinancing Debt (or Permitted Refinancing Indebtedness in respect thereof) or collateral agent therefor and (ii) is intended to be secured on a junior priority basis to the Obligations, an intercreditor agreement substantially in the form of Exhibit G-2, or otherwise in form and substance reasonably acceptable to the Administrative Agent, between the Administrative Agent and the holders of such Refinancing Debt (or Permitted Refinancing Indebtedness in respect thereof) or collateral agent therefor, in each case, with such changes thereto as may be reasonably agreed between the Borrower and the Administrative Agent.
Examples of Permitted Intercreditor Agreement in a sentence
Subject to any Permitted Intercreditor Agreement then in effect, the Collateral Agent shall apply the proceeds of any collection or sale of Collateral, including any Collateral consisting of cash, in accordance with Section 8.1 of the Credit Agreement.
More Definitions of Permitted Intercreditor Agreement
Permitted Intercreditor Agreement means any Junior Lien Intercreditor Agreement or the Pari Passu Intercreditor Agreement.
Permitted Intercreditor Agreement means any Junior Lien Intercreditor Agreement or any Pari Passu Intercreditor Agreement.
Permitted Intercreditor Agreement means an intercreditor agreement, in form and substance reasonably satisfactory to the Administrative Agent and the Company, that contains terms and conditions that are within the range of terms and conditions customary for intercreditor agreements that are of the type that govern intercreditor relationships between holders of asset-based senior secured credit facilities, on the one hand, and holders of the same type of Indebtedness as the applicable Permitted Non-ABL Indebtedness, on the other.
Permitted Intercreditor Agreement means, with respect to any Liens on the Collateral that are intended to be junior to the Liens thereon securing the Loan Obligations, any intercreditor agreement the terms of which are consistent with market terms governing security arrangements for the sharing of current asset collateral on a junior basis at the time such intercreditor agreement is proposed to be established, as mutually determined by the Borrower in good faith and the Administrative Agent in the reasonable exercise of its judgment.
Permitted Intercreditor Agreement shall have the meaning set forth in Section 7.18.
Permitted Intercreditor Agreement means each of (a) solely in the case of the Existing IDB Credit Agreement, the MLP/IDB Intercreditor Agreement, and (b) each other intercreditor agreement in substantially the form set forth in Exhibit H, with such changes therefrom as are contemplated or permitted by Section 9.11.
Permitted Intercreditor Agreement means with respect to any Refinancing Debt Securities (or Permitted Refinancing Indebtedness in respect thereof) that (i) is intended to be secured on a pari passu basis with the Obligations, an intercreditor agreement substantially in the form of Exhibit G-1, or otherwise in form and substance reasonably acceptable to the Administrative Agent, between the Administrative Agent and the holders of such Refinancing Debt Securities (or Permitted Refinancing Indebtedness in respect thereof) or collateral agent therefor and (ii) is intended to be secured on a junior priority basis to the Obligations, an intercreditor agreement substantially in the form of Exhibit G-2, or otherwise in form and substance reasonably acceptable to the Administrative Agent, between the Administrative Agent and the holders of such Refinancing Debt Securities (or Permitted Refinancing Indebtedness in respect thereof) or collateral agent therefor, in each case, with such changes thereto as may be reasonably agreed between the Borrower and the Administrative Agent.