Examples of Equal Priority Intercreditor Agreement in a sentence
In the event of conflict between the terms of the Equal Priority Intercreditor Agreement, this Indenture, the Security Documents and any other document relating to the Shared Collateral, the terms of the Equal Priority Intercreditor Agreement shall govern and control.
Subject to the Equal Priority Intercreditor Agreement, any Junior Priority Intercreditor Agreement and any other Customary Intercreditor Agreement, the Holders of a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceed- ing for any remedy available to the Trustee or the Notes Collateral Agent of exercising any trust or power conferred on the Trustee or the Notes Collateral Agent.
The Notes Collateral Agent holds the Lien on the Collateral in trust for the benefit of the Trustee and the Holders in each case pursuant to the Indenture, the Security Documents and the Equal Priority Intercreditor Agreement, any Junior Priority Intercreditor Agreement and any Customary Intercreditor Agreement, as applicable.
Subject to the provisions of the Equal Priority Intercreditor Agreement, any Junior Priority Intercreditor Agreement and any Customary Intercreditor Agreement, as applicable, the Trustee is authorized to receive any funds for the benefit of the Holders distributed under the Security Documents, and to make further distributions of such funds to the Holders according to the provisions of this Indenture.
The Trustee, the Issuers and the Guarantors hereby acknowledge and agree that the Notes Collateral Agent holds the security interest in the Collateral for the benefit of the Holders, the Trustee and the Notes Collateral Agent and pursuant to the terms of the Security Documents, the Equal Priority Intercreditor Agreement and any Junior Priority Intercreditor Agreement or Customary Intercreditor Agreement, if applicable.