Common use of Intercreditor Relations Clause in Contracts

Intercreditor Relations. In the event of any conflict between the terms of the Intercreditor Agreement and any other intercreditor agreement and this Agreement, the terms of such Intercreditor Agreement or other intercreditor agreement, as applicable, shall govern and control as among the Collateral Agent, on the one hand, and any other secured creditor (or agent therefor) party thereto, on the other hand. In the event of any such conflict, each Grantor may act (or omit to act) in accordance with the Intercreditor Agreement or such other intercreditor agreement, as applicable, and shall not be in breach, violation or default of its obligations hereunder by reason of doing so. Prior to the Discharge of Credit Facility Obligations (as defined in the Intercreditor Agreement), any requirement hereunder to deliver any Collateral to the Collateral Agent shall be deemed satisfied by delivery thereof to the Credit Facility Agent.