Common use of Collateral Trust and Intercreditor Agreement Clause in Contracts

Collateral Trust and Intercreditor Agreement. Each Lender and each Agent hereby authorizes each Agent to enter into (a) the Collateral Trust and Intercreditor Agreement, (b) amendments to the Collateral Trust and Intercreditor Agreement with respect to any incurrence of Additional Senior Debt Obligations or Second Priority Debt in compliance with this Agreement, (c) any other additional intercreditor agreement with any Senior Representative with respect to the subordination of the Second Priority Lien on the same basis as set forth in the Collateral Trust and Intercreditor Agreement, (d) any supplements to any agreements referred to in the foregoing clauses (a) through (c) in compliance with such documents and (e) each other Second Priority Collateral Document on its behalf, and agrees that the Administrative Agent and the Collateral Agent may enforce the rights and remedies of the Lenders under each Second Priority Loan Document to the extent provided in the Collateral Trust and Intercreditor Agreement and each other Second Priority Collateral Document. The Collateral Agent is hereby designated as, and will for all purposes of the Collateral Trust and Intercreditor Agreement be, the “Second Priority Class Debt Representative” for the Second Priority Loan Obligations.