Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Collateral Agents, the First-Lien Authorized Representatives, the First-Lien Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents and the Junior-Lien Secured Parties hereunder shall remain in full force and effect irrespective of: (a) any lack of validity or enforceability of any First-Lien Debt Document or any Junior-Lien Debt Document; (b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Obligations or Junior-Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any other First-Lien Debt Document or of the terms of any Junior-Lien Debt Document; (c) any exchange of any security interest in any Shared Collateral or any other Collateral or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Obligations or Junior-Lien Obligations or any guarantee thereof; (d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or (e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the First-Lien Obligations or (ii) any Junior-Lien Authorized Representative, any Junior-Lien Collateral Agent or any Junior-Lien Secured Party in respect of this Agreement.
Appears in 9 contracts
Sources: Indenture (Sabre Corp), Indenture (Sabre Corp), Indenture (Sabre Corp)
Obligations Unconditional. All rights, interests, agreements and obligations hereunder of the First-Lien Collateral Agents, the First-Lien Authorized Representatives, the First-Lien Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents Senior Representative and the Junior-Lien Senior Secured Parties hereunder in respect of any Collateral and the Junior Representative and the Junior Secured Parties in respect of such Collateral shall remain in full force and effect irrespective regardless of:
(a) any lack of validity or enforceability of any First-Lien Debt Senior Document or any Junior-Lien Debt DocumentJunior Document and regardless of whether the Liens of the Senior Representative and Senior Secured Parties are not perfected or are voidable for any reason;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Senior Obligations or Junior-Lien Junior Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement any Senior Document or any other First-Lien Debt Document or of the terms of any Junior-Lien Debt Junior Document;
(c) any exchange exchange, release or lack of perfection of any security interest in Lien on any Shared Collateral or any other Collateral asset, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Senior Obligations or Junior-Lien Junior Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other GrantorLoan Party; or
(e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor Loan Party in respect of the First-Lien Obligations any Secured Obligation or (ii) of any Junior-Lien Authorized Representative, any Junior-Lien Collateral Agent or any Junior-Lien Junior Secured Party in respect of this Agreement.
Appears in 9 contracts
Sources: Intercreditor Agreement (Solaris Energy Infrastructure, Inc.), Intercreditor Agreement (SMG Industries Inc.), Intercreditor Agreement
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Collateral Agents, the First-Lien Authorized Representatives, the First-Lien Secured Parties, the Junior-Lien Authorized Representatives, the Junior-First Lien Collateral Agents and the Junior-other First Lien Secured Parties Claimholders and the Second Lien Collateral Agents and the other Second Lien Claimholders, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-First Lien Debt Document Documents or any Junior-Second Lien Debt DocumentDocuments;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-First Lien Obligations or Junior-Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement any First Lien Document or any other First-Second Lien Debt Document or of the terms of any Junior-Lien Debt Document;
(c) any exchange of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-First Lien Obligations or Junior-Second Lien Obligations or any guarantee guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other GrantorObligor; or
(e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor Obligor in respect of any First Lien Collateral Agent, any other First Lien Claimholder, the First-First Lien Obligations, any Second Lien Collateral Agent, any other Second Lien Claimholder or the Second Lien Obligations or (ii) any Junior-Lien Authorized Representative, any Junior-Lien Collateral Agent or any Junior-Lien Secured Party in respect of this Agreement.
Appears in 8 contracts
Sources: Credit Agreement (Nuvei Corp), Credit Agreement (Certara, Inc.), Credit Agreement (Ceridian HCM Holding Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the FirstIntercreditor Agent and the Senior Lenders, and the Second-Lien Collateral Agents, Priority Agents and the FirstSecond-Lien Authorized Representatives, the First-Lien Priority Secured Parties, the Junior-Lien Authorized Representativesrespectively, the Junior-Lien Collateral Agents and the Junior-Lien Secured Parties hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document Senior Lender Documents or any JuniorSecond-Lien Debt DocumentPriority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the FirstSenior Lender Claims or Second-Lien Obligations or Junior-Lien ObligationsPriority Claims, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Senior Credit Agreement or any other First-Lien Debt Senior Lender Document or of the terms of the 1-1/2 Lien Notes Indenture or any Juniorother Second-Lien Debt Priority Document;
(c) any exchange of any security interest in any Shared Common Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the FirstSenior Lender Claims or Second-Lien Obligations or Junior-Lien Obligations Priority Claims or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the FirstSenior Lender Claims, or of any Second-Lien Obligations or (ii) any Junior-Lien Authorized Representative, any Junior-Lien Collateral Priority Agent or any JuniorSecond-Lien Priority Secured Party in respect of this Agreement.
Appears in 5 contracts
Sources: Intercreditor Agreement, Joinder and Supplement to Intercreditor Agreement (Momentive Performance Materials Inc.), Intercreditor Agreement (Momentive Performance Materials Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-First Lien Collateral Agents, Agent and the First-First Lien Authorized Representatives, Claimholders and the First-Lien Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Second Lien Collateral Agents Agent and the Junior-Second Lien Secured Parties Claimholders, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-First Lien Debt Document Loan Documents or any Junior-Second Lien Debt DocumentLoan Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-First Lien Obligations or Junior-Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement any First Lien Loan Document or any other First-Second Lien Debt Document or of the terms of any Junior-Lien Debt Loan Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-First Lien Obligations or Junior-Second Lien Obligations or any guarantee guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the First-First Lien Collateral Agent, the First Lien Obligations, any First Lien Claimholder, the Second Lien Collateral Agent, the Second Lien Obligations or (ii) any Junior-Second Lien Authorized Representative, any Junior-Lien Collateral Agent or any Junior-Lien Secured Party Claimholder in respect of this Agreement.
Appears in 5 contracts
Sources: Credit Agreement (RadNet, Inc.), Second Lien Credit and Guaranty Agreement (X Rite Inc), First Lien Credit and Guaranty Agreement (X Rite Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-First Lien Collateral Agents, Representative and the First-Lien Authorized Representatives, the First-First Lien Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents and the Junior-Junior Lien Representative and the Junior Lien Secured Parties Parties, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-First Lien Debt Document Documents or any Junior-Lien Debt DocumentJunior Priority Documents; or any lack of or other matter relating to the validity, enforceability, perfection or priority of any lien creating or existing or purported to be creating or existing thereunder;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-First Lien Obligations or Junior-Lien Junior Priority Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any other First-First Lien Debt Document or of the terms of any Junior-Lien Debt Junior Priority Document;
(c) any exchange of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-First Lien Obligations or Junior-Lien Junior Priority Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the First-First Lien Obligations or (ii) any Junior-Lien Authorized Representative, any Junior-Lien Collateral Agent or any Junior-Lien Secured Party the Junior Priority Obligations in respect of this Agreement.
Appears in 3 contracts
Sources: Junior Priority Intercreditor Agreement, Junior Priority Intercreditor Agreement (J C Penney Co Inc), Junior Priority Intercreditor Agreement
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Priority Collateral Agents, Agent and the First-Lien Authorized Representatives, the First-Lien Priority Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents and the JuniorSecond-Lien Priority Representatives and the Second-Priority Secured Parties Parties, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document Priority Documents or any JuniorSecond-Lien Debt DocumentPriority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Priority Obligations or JuniorSecond-Lien Priority Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any other First-Lien Debt Priority Document or of the terms of the Initial Second-Priority Agreement or any Juniorother Second-Lien Debt Priority Document;
(c) any exchange of any security interest in any Shared Common Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Priority Obligations or JuniorSecond-Lien Priority Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the First-Lien Obligations Priority Obligations, or (ii) of any JuniorSecond-Lien Authorized Representative, any Junior-Lien Collateral Agent Priority Representative or any JuniorSecond-Lien Priority Secured Party in respect of this Agreement.
Appears in 3 contracts
Sources: First Lien Credit Agreement (Cec Entertainment Inc), First Lien Credit Agreement (Hospitality Distribution Inc), First Lien Credit Agreement (McGraw-Hill Interamericana, Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Term Collateral AgentsAgent and the Term Secured Parties and the ABL Collateral Agent, the First-Lien Authorized Representatives, the First-Lien ABL Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Notes Collateral Agents Agent and the Junior-Lien Notes Secured Parties Parties, respectively, hereunder shall remain in full force and effect irrespective of:
(ai) any lack of validity or enforceability of any First-Lien Debt Term Document, any ABL Document or any Junior-Lien Debt Notes Document;
(bii) except as otherwise set forth in the Agreement, any change permitted hereunder in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Term Obligations, the ABL Obligations or Junior-Lien the Notes Obligations, or any amendment or waiver or other modification, including any increase in the amount thereofmodification permitted hereunder, whether by course of conduct or otherwise, of the terms of the Credit Agreement any Term Document, any ABL Document or any other First-Lien Debt Document or of the terms of any Junior-Lien Debt Notes Document;
(ciii) any exchange of any security interest in any Shared Collateral or any other TL Priority Collateral or any amendment, waiver or other modificationmodification permitted hereunder, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Term Obligations, the ABL Obligations or Junior-Lien Obligations or any guarantee thereofthe Notes Obligations;
(div) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(ev) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the First-Lien Obligations Term Obligations, or (ii) any Junior-Lien Authorized Representative, any Junior-Lien of the ABL Collateral Agent or any Junior-Lien ABL Secured Party, or of the Notes Collateral Agent or any Notes Secured Party in respect of this Agreement.
Appears in 3 contracts
Sources: Credit Agreement (Dole Food Co Inc), Credit Agreement (Dole Food Co Inc), Credit Agreement (Dole Food Co Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the U.S. First-Lien Collateral Agents, Agent and the other First-Lien Authorized Representatives, Creditors and the First-Lien Secured Parties, the Junior-Lien Authorized Representatives, the JuniorSecond-Lien Collateral Agents Agent and the Juniorother Second-Lien Secured Parties Creditors, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document or any JuniorSecond-Lien Debt Loan Document;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Obligations or JuniorSecond-Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any other First-Lien Debt Document or of the terms of any JuniorSecond-Lien Debt Loan Document;
(c) any exchange of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Obligations or JuniorSecond-Lien Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company Parent Borrower or any other Grantor; or
(e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company Parent Borrower or any other Grantor in respect of the First-Lien Obligations Obligations, or (ii) any Junior-Lien Authorized Representative, any Juniorof the Second-Lien Collateral Agent or any JuniorSecond-Lien Secured Party Creditor in respect of this Agreement.
Appears in 3 contracts
Sources: Second Lien Term Loan Credit Agreement (RSC Holdings Inc.), Credit Agreement (RSC Holdings Inc.), Intercreditor Agreement (RSC Holdings Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Collateral Agents, Agent and the other First-Lien Authorized Representatives, Creditors and the First-Lien Secured Parties, the Junior-Lien Authorized Representatives, the JuniorSecond-Lien Collateral Agents Agent and the Juniorother Second-Lien Secured Parties Creditors, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document or any JuniorSecond-Lien Debt Notes Document;
(b) except as otherwise set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Obligations or JuniorSecond-Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any other First-Lien Debt Document or of the terms of any JuniorSecond-Lien Debt Notes Document;
(c) except as otherwise set forth in this Agreement, any exchange of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Obligations or JuniorSecond-Lien Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company Borrower or any other Grantor; or
(e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company Borrower or any other Grantor (other than payment in full under the terms of the First-Lien Credit Agreement and/or the Second-Lien Indenture, as applicable) in respect of the First-Lien Obligations Obligations, or (ii) any Junior-Lien Authorized Representative, any Juniorof the Second-Lien Collateral Agent or any JuniorSecond-Lien Secured Party Creditor in respect of this Agreement.
Appears in 3 contracts
Sources: Intercreditor Agreement (Trico Marine Services Inc), Intercreditor Agreement (Trico Marine Services Inc), Intercreditor Agreement (Trico Marine Services Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-First Lien Collateral Agents, Obligations Representatives and the First-First Lien Authorized Representatives, the First-Lien Obligations Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents and the Junior-Second Lien Obligations Representatives and the Second Lien Obligations Secured Parties Parties, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-First Lien Debt Document Obligations Documents or any Junior-Second Lien Debt DocumentObligations Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-First Lien Obligations or Junior-the Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement First Lien Facility Documents or any other First-Other First Lien Debt Obligations Document or of the terms of the Second Lien Facility Documents or any Junior-Other Second Lien Debt Obligations Document;
(c) any exchange of any security interest in any Shared Common Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-First Lien Obligations or Junior-the Second Lien Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other GrantorPledgor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor Pledgor in respect of the First-First Lien Obligations, or of any Second Lien Obligations or (ii) any Junior-Lien Authorized Representative, any Junior-Lien Collateral Agent Representative or any Junior-Second Lien Obligations Secured Party in respect of this Agreement.
Appears in 3 contracts
Sources: Intercreditor Agreement, First Lien/Second Lien Intercreditor Agreement (ADT, Inc.), First Lien/Second Lien Intercreditor Agreement (ADT, Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-First Lien Collateral Agents, Agent and the First-Lien Authorized Representatives, the First-First Lien Secured Parties, and the Junior-Lien Authorized Representatives, the Junior-Junior Lien Collateral Agents Agent and the Junior-Junior Lien Secured Parties Parties, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-First Lien Debt Document Documents or any Junior-Junior Lien Debt DocumentDocuments;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-First Lien Obligations or Junior-Junior Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any other First-First Lien Debt Document or of the terms of the Indenture or any Junior-other Junior Lien Debt Document;
(c) any exchange of any security interest in any Shared Common Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-First Lien Obligations or Junior-Junior Lien Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the First-First Lien Obligations or (ii) any Junior-the Junior Lien Authorized Representative, any Junior-Lien Collateral Agent or any Junior-Lien Secured Party Obligations in respect of this Agreement.
Appears in 3 contracts
Sources: General Intercreditor Agreement, General Intercreditor Agreement (Marietta Surgical Center, Inc.), General Intercreditor Agreement (Building Materials Manufacturing Corp)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-First Lien Collateral AgentsAgents and the Senior Lenders, and the First-Lien Authorized Representatives, Second Priority Agents and the First-Lien Second Priority Secured Parties, the Junior-Lien Authorized Representativesrespectively, the Junior-Lien Collateral Agents and the Junior-Lien Secured Parties hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document Senior Lender Documents or any Junior-Lien Debt DocumentSecond Priority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Obligations Senior Lender Claims or Junior-Lien ObligationsSecond Priority Claims, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any other First-Lien Debt Senior Lender Document or of the terms of the Second Priority Senior Secured Notes Indenture or any Junior-Lien Debt other Second Priority Document;
(c) any exchange of any security interest in any Shared Common Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Obligations Senior Lender Claims or Junior-Lien Obligations Second Priority Claims or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company Borrower or any other Grantor; or
(e) any other circumstances that otherwise might constitute a defense available avail-able to, or a discharge of, (i) the Company Borrower or any other Grantor in respect of the First-Lien Obligations Senior Lender Claims, or (ii) of any Junior-Lien Authorized Representative, any Junior-Lien Collateral Second Priority Agent or any Junior-Lien Second Priority Secured Party in respect of this Agreement.
Appears in 3 contracts
Sources: Credit Agreement (Aeroways, LLC), Intercreditor Agreement (Aeroways, LLC), Credit Agreement (Cke Restaurants Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Senior Lien Collateral Agents, the First-Lien Authorized Representatives, the First-Lien Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Senior Lien Collateral Agents and the Junior-other Senior Lien Secured Parties Claimholders and the Junior Lien Representatives, the Junior Lien Collateral Agents and the other Junior Lien Claimholders, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Senior Lien Debt Document Documents or any Junior-Junior Lien Debt DocumentDocuments;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Senior Lien Obligations or Junior-Junior Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement any Senior Lien Documents or any other First-Junior Lien Debt Document or of the terms of any Junior-Lien Debt DocumentDocuments;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Senior Lien Obligations or Junior-Junior Lien Obligations or any guarantee guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other GrantorCompany; or
(e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of any Senior Lien Representative, any Senior Lien Collateral Agent, the First-Senior Lien Obligations, any Senior Lien Claimholder, any Junior Lien Representative, any Junior Lien Collateral Agent, the Junior Lien Obligations or (ii) any Junior-Junior Lien Authorized Representative, any Junior-Lien Collateral Agent or any Junior-Lien Secured Party Claimholder in respect of this Agreement.
Appears in 3 contracts
Sources: Supplemental Indenture (Centrus Energy Corp), Indenture Agreement (Centrus Energy Corp), Indenture Agreement (United States Enrichment Corp)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Priority Collateral Agents, Agent and the First-Lien Authorized Representatives, the First-Lien Priority Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents and the JuniorSecond-Lien Priority Representatives and the Second-Priority Secured Parties Parties, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document Priority Documents or any JuniorSecond-Lien Debt DocumentPriority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Priority Obligations or JuniorSecond-Lien Priority Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any other First-Lien Debt Priority Document or of the terms of the Notes Indenture or any Juniorother Second-Lien Debt Priority Document;
(c) any exchange of any security interest in any Shared Common Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Priority Obligations or JuniorSecond-Lien Priority Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the First-Lien Obligations Priority Obligations, or (ii) of any JuniorSecond-Lien Authorized Representative, any Junior-Lien Collateral Agent Priority Representative or any JuniorSecond-Lien Priority Secured Party in respect of this Agreement.
Appears in 3 contracts
Sources: First Lien/Second Lien Intercreditor Agreement (SFX Entertainment, INC), First Lien/Second Lien Intercreditor Agreement (DS Services of America, Inc.), Indenture (SFX Entertainment, INC)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Priority Collateral Agents, Agent and the First-Lien Authorized Representatives, the First-Lien Priority Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents and the JuniorSecond-Lien Priority Representatives and the Second-Priority Secured Parties Parties, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document Priority Documents or any JuniorSecond-Lien Debt DocumentPriority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Priority Obligations or JuniorSecond-Lien Priority Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement First Lien Administrative Agent or any other First-Lien Debt Priority Document or of the terms of the Second Lien Indenture or any Juniorother Second-Lien Debt Priority Document;
(c) any exchange of any security interest in any Shared Common Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Priority Obligations or JuniorSecond-Lien Priority Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the First-Lien Obligations Priority Obligations, or (ii) of any JuniorSecond-Lien Authorized Representative, any Junior-Lien Collateral Agent Priority Representative or any JuniorSecond-Lien Priority Secured Party in respect of this Agreement.
Appears in 3 contracts
Sources: Supplemental Indenture, Credit Agreement (Windstream Holdings, Inc.), Supplemental Indenture (Windstream Holdings, Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Collateral Agents, Agent and the other First-Lien Authorized Representatives, Secured Parties and the FirstSecond-Lien Agent and the other Second-Lien Secured Parties, respectively, hereunder (including the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents and the Junior-Lien Secured Parties hereunder priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document or any JuniorSecond-Lien Debt Loan Document;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Obligations or JuniorSecond-Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any other First-Lien Debt Document or of the terms of any JuniorSecond-Lien Debt Loan Document;
(c) any exchange of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Obligations or JuniorSecond-Lien Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company Borrower or any other Grantor; or
(e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company Borrower or any other Grantor in respect of the First-Lien Obligations Obligations, or (ii) any Juniorof the Second-Lien Authorized Representative, any Junior-Lien Collateral Agent or any JuniorSecond-Lien Secured Party in respect of this Agreement.
Appears in 3 contracts
Sources: First Lien Credit Agreement (GSE Holding, Inc.), Second Lien Credit Agreement (GSE Holding, Inc.), Intercreditor Agreement (GSE Holding, Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Collateral Agents, Agent and the other First-Lien Authorized Representatives, Creditors and the First-Lien Secured Parties, the Junior-Lien Authorized Representatives, the JuniorSecond-Lien Collateral Agents Agent and the Juniorother Second-Lien Secured Parties Creditors, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Credit Document or any JuniorSecond-Lien Debt Document;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Obligations or JuniorSecond-Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any other First-Lien Debt Document or of the terms of any JuniorSecond-Lien Debt Document;
(c) any exchange of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Obligations or JuniorSecond-Lien Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company Borrower or any other Grantor; or
(e) any other circumstances that which otherwise might constitute a defense (other than the defense of payment in full) available to, or a discharge of, (i) the Company Borrower or any other Grantor in respect of the First-Lien Obligations Obligations, or (ii) any Junior-Lien Authorized Representative, any Juniorof the Second-Lien Collateral Agent or any JuniorSecond-Lien Secured Party Creditor in respect of this Agreement.
Appears in 2 contracts
Sources: Intercreditor Agreement (Nuveen Investments Holdings, Inc.), Credit Agreement (Nuveen Investments Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Revolving Credit Collateral Agents, Agent and the First-Lien Authorized Representatives, Revolving Credit Claimholders and the First-Lien Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Fixed Asset Collateral Agents and the Junior-Lien Secured Parties Fixed Asset Claimholders, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document Revolving Credit Documents or any Junior-Lien Debt DocumentFixed Asset Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Revolving Credit Obligations or Junior-Lien Fixed Asset Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the any Revolving Credit Agreement Document or any other First-Lien Debt Document or of the terms of any Junior-Lien Debt Fixed Asset Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Revolving Credit Obligations or Junior-Lien Fixed Asset Obligations or any guarantee guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the First-Lien Revolving Credit Collateral Agent, the Revolving Credit Obligations, any Revolving Credit Claimholder, the Collateral Trustee, the Fixed Asset Obligations or (ii) any Junior-Lien Authorized Representative, any Junior-Lien Collateral Agent or any Junior-Lien Secured Party Fixed Asset Claimholder in respect of this Agreement.
Appears in 2 contracts
Sources: Credit Agreement (Zekelman Industries, Inc.), Intercreditor Agreement (CommScope Holding Company, Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien ABL Credit Agreement Collateral Agents, Agent and the First-Lien Authorized Representatives, other ABL Claimholders and the First-Lien Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Term Loan Collateral Agents and the Junior-other Term Loan Claimholders, respectively, hereunder (including the Lien Secured Parties hereunder priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document ABL Documents or any Junior-Lien Debt DocumentTerm Loan Documents;
(b) any change in the time, manner or place of payment of, or or, subject to the limitations set forth in Section 5.3, in any other terms of, all or any of the First-Lien ABL Obligations or Junior-Lien Term Loan Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement any ABL Document or any other First-Lien Debt Document or of the terms of any Junior-Lien Debt Term Loan Document;
(c) any exchange of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien ABL Obligations or Junior-Lien Term Loan Obligations or any guarantee guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other GrantorObligor; or
(e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor Obligor in respect of the First-Lien Obligations or (ii) any Junior-Lien Authorized RepresentativeABL Credit Agreement Collateral Agent, any Junior-Lien other ABL Claimholder, the ABL Obligations, any Term Loan Collateral Agent Agent, any other Term Loan Claimholder or any Junior-Lien Secured Party the Term Loan Obligations in respect of this Agreement.
Appears in 2 contracts
Sources: First Lien Credit Agreement (Option Care Health, Inc.), Indenture (Option Care Health, Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the FirstIntercreditor Agent and the Senior Lenders, and the Second-Lien Collateral Agents, Priority Agents and the FirstSecond-Lien Authorized Representatives, the First-Lien Priority Secured Parties, the Junior-Lien Authorized Representativesrespectively, the Junior-Lien Collateral Agents and the Junior-Lien Secured Parties hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document Senior Lender Documents or any JuniorSecond-Lien Debt DocumentPriority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the FirstSenior Lender Claims or Second-Lien Obligations or Junior-Lien ObligationsPriority Claims, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the any Senior Credit Agreement or any other First-Lien Debt Senior Lender Document or of the terms of the New 1.5 Lien Notes Indenture or any Juniorother Second-Lien Debt Priority Document;
(c) any exchange of any security interest in any Shared Common Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the FirstSenior Lender Claims or Second-Lien Obligations or Junior-Lien Obligations Priority Claims or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the FirstSenior Lender Claims, or of any Second-Lien Obligations or (ii) any Junior-Lien Authorized Representative, any Junior-Lien Collateral Priority Agent or any JuniorSecond-Lien Priority Secured Party in respect of this Agreement.
Appears in 2 contracts
Sources: Intercreditor Agreement, Intercreditor Agreement (Hexion Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Collateral Agents, Agent and the other First-Lien Authorized Representatives, Creditors and the First-Lien Secured Parties, the Junior-Lien Authorized Representatives, the JuniorSecond-Lien Collateral Agents Agent and the Juniorother Second-Lien Secured Parties Creditors, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document or any JuniorSecond-Lien Debt Notes Document;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Obligations or JuniorSecond-Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any other First-Lien Debt Document or of the terms of any JuniorSecond-Lien Debt Notes Document;
(c) any exchange of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Obligations or JuniorSecond-Lien Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the First-Lien Obligations Obligations, or (ii) any Junior-Lien Authorized Representative, any Juniorof the Second-Lien Collateral Agent or any JuniorSecond-Lien Secured Party Creditor in respect of this Agreement.
Appears in 2 contracts
Sources: Intercreditor Agreement (Dune Energy Inc), Intercreditor Agreement (Atp Oil & Gas Corp)
Obligations Unconditional. All rights, interests, agreements and obligations of the FirstIntercreditor Agent and the Senior Lenders, and the Second-Lien Collateral Agents, Priority Agents and the FirstSecond-Lien Authorized Representatives, the First-Lien Priority Secured Parties, the Junior-Lien Authorized Representativesrespectively, the Junior-Lien Collateral Agents and the Junior-Lien Secured Parties hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document Senior Lender Documents or any JuniorSecond-Lien Debt DocumentPriority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the FirstSenior Lender Claims or Second-Lien Obligations or Junior-Lien ObligationsPriority Claims, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the any Senior Credit Agreement or any other First-Lien Debt Senior Lender Document or of the terms of the Second Secured Notes Indenture or any Juniorother Second-Lien Debt Priority Document;
(c) any exchange of any security interest in any Shared Common Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the FirstSenior Lender Claims or Second-Lien Obligations or Junior-Lien Obligations Priority Claims or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the FirstSenior Lender Claims, or of any Second-Lien Obligations or (ii) any Junior-Lien Authorized Representative, any Junior-Lien Collateral Priority Agent or any JuniorSecond-Lien Priority Secured Party in respect of this Agreement.
Appears in 2 contracts
Sources: Intercreditor Agreement, Intercreditor Agreement (Momentive Specialty Chemicals Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Revolving Credit Agent and the Revolving Credit Claimholders and the Collateral AgentsTrustee, the First-Lien Authorized Representatives, the First-Lien Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents Debt Representatives and the Junior-Lien Secured Parties Debt Claimholders, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document Revolving Credit Loan Documents or any Junior-Lien Secured Debt DocumentDocuments;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Revolving Credit Obligations or Junior-Lien Secured Debt Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the any Revolving Credit Agreement Loan Document or any other First-Lien Debt Document or of the terms of any Junior-Lien Secured Debt Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Revolving Credit Obligations or Junior-Lien Secured Debt Obligations or any guarantee guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the First-Lien Revolving Credit Agent, the Revolving Credit Obligations, any Revolving Credit Claimholder, the Collateral Trustee, the Secured Debt Representatives, the Secured Debt Obligations or (ii) any Junior-Lien Authorized Representative, any Junior-Lien Collateral Agent or any Junior-Lien Secured Party Debt Claimholder in respect of this Agreement.
Appears in 2 contracts
Sources: Intercreditor Agreement (NewPage Holding CORP), Intercreditor Agreement (NewPage Energy Services LLC)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Collateral Agents, Agent and the other First-Lien Authorized Representatives, Creditors and the First-Lien Secured Parties, the Junior-Lien Authorized Representatives, the JuniorSecond-Lien Collateral Agents Agent and the Juniorother Second-Lien Secured Parties Creditors, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document or any JuniorSecond-Lien Debt Subordinated Notes Document;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Obligations or JuniorSecond-Lien Subordinated Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any other First-Lien Debt Document or of the terms of any JuniorSecond-Lien Debt Subordinated Notes Document;
(c) any exchange of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Obligations or JuniorSecond-Lien Subordinated Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company Borrower or any other Grantor; or
(e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company Borrower or any other Grantor in respect of the First-Lien Obligations Obligations, or (ii) any Junior-Lien Authorized Representative, any Juniorof the Second-Lien Collateral Agent or any JuniorSecond-Lien Secured Party Creditor in respect of this Agreement.
Appears in 2 contracts
Sources: Indenture (CMP Susquehanna Radio Holdings Corp.), Intercreditor Agreement (CMP Susquehanna Radio Holdings Corp.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Collateral Agents, the First-Lien Authorized Senior Representatives, the First-Lien Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Senior Collateral Agents and the Junior-other Senior Claimholders, the Third Lien Secured Parties Representative, the Third Lien Collateral Agent and the Third Lien Claimholders, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document Senior Loan Documents or any Junior-Third Lien Debt DocumentLoan Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Senior Obligations or Junior-Third Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement any Senior Loan Document or any other First-Third Lien Debt Document or of the terms of any Junior-Lien Debt Loan Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Senior Obligations or Junior-Third Lien Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of any Senior Representative, any Senior Collateral Agent, the First-Senior Obligations, any Senior Lien Claimholder, the Third Lien Representative, the Third Lien Collateral Agent, the Third Lien Obligations or (ii) any Junior-Third Lien Authorized Representative, any Junior-Lien Collateral Agent or any Junior-Lien Secured Party Claimholder in respect of this Agreement.
Appears in 2 contracts
Sources: Third Lien Subordination and Intercreditor Agreement, Third Lien Subordination and Intercreditor Agreement
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Senior Lien Collateral Agents, Agent and the First-Senior Lien Authorized Representatives, Claimholders and the First-Lien Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Junior Lien Collateral Agents Agent and the Junior-other Junior Lien Secured Parties Claimholders, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Senior Lien Debt Document Loan Documents or any Junior-Junior Lien Debt DocumentLoan Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Senior Lien Obligations or Junior-Junior Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement any Senior Lien Loan Document or any other First-Junior Lien Debt Document or of the terms of any Junior-Lien Debt Loan Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Senior Lien Obligations or Junior-Junior Lien Obligations or any guarantee guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the First-Senior Lien Collateral Agent, the Senior Lien Obligations, any Senior Lien Claimholder, the Junior Lien Collateral Agent, the Junior Lien Obligations or (ii) any Junior-Junior Lien Authorized Representative, any Junior-Lien Collateral Agent or any Junior-Lien Secured Party Claimholder in respect of this Agreement.
Appears in 2 contracts
Obligations Unconditional. All rights, interests, agreements and obligations of the FirstIntercreditor Agent and the Senior Lenders, and the Second-Lien Collateral Agents, Priority Agents and the FirstSecond-Lien Authorized Representatives, the First-Lien Priority Secured Parties, the Junior-Lien Authorized Representativesrespectively, the Junior-Lien Collateral Agents and the Junior-Lien Secured Parties hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document Senior Lender Documents or any JuniorSecond-Lien Debt DocumentPriority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the FirstSenior Lender Claims or Second-Lien Obligations or Junior-Lien ObligationsPriority Claims, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Senior Credit Agreement Agreements or any other First-Lien Debt Senior Lender Document or of the terms of the Second Lien Notes Indenture or any Juniorother Second-Lien Debt Priority Document;
(c) any exchange of any security interest in any Shared Common Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the FirstSenior Lender Claims or Second-Lien Obligations or Junior-Lien Obligations Priority Claims or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the FirstSenior Lender Claims, or of any Second-Lien Obligations or (ii) any Junior-Lien Authorized Representative, any Junior-Lien Collateral Priority Agent or any JuniorSecond-Lien Priority Secured Party in respect of this Agreement.
Appears in 2 contracts
Sources: Intercreditor Agreement, Intercreditor Agreement (Momentive Performance Materials Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Collateral Agents, Intercreditor Agent and the First-Lien Authorized Representatives, the First-Lien Senior Secured Parties, and the JuniorSecond-Lien Authorized Representatives, the Junior-Lien Collateral Priority Agents and the JuniorSecond-Lien Priority Secured Parties Parties, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document Senior Lender Documents or any JuniorSecond-Lien Debt DocumentPriority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the FirstSenior Lender Claims or Second-Lien Obligations or Junior-Lien ObligationsPriority Claims, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Senior Credit Agreement or any other First-Lien Debt Senior Lender Document or of the terms of the Indenture or any Juniorother Second-Lien Debt Priority Document;
(c) any exchange of any security interest in any Shared Collateral Security Property or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the FirstSenior Lender Claims or Second-Lien Obligations or Junior-Lien Obligations Priority Claims or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the FirstSenior Lender Claims, or of any Second-Lien Obligations or (ii) any Junior-Lien Authorized Representative, any Junior-Lien Collateral Priority Agent or any JuniorSecond-Lien Priority Secured Party in respect of this Agreement.
Appears in 2 contracts
Sources: Lien Subordination and Intercreditor Agreement, Lien Subordination and Intercreditor Agreement (Petroquest Energy Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien ABL Collateral AgentsAgent and the ABL Secured Parties and the Term Collateral Agent, the First-Lien Authorized Representatives, the First-Lien Term Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Notes Collateral Agents Agent and the Junior-Lien Notes Secured Parties Parties, respectively, hereunder shall remain in full force and effect irrespective of:
(ai) any lack of validity or enforceability of any First-Lien Debt ABL Document, any Term Document or any Junior-Lien Debt Notes Document;
(bii) except as otherwise set forth in the Agreement, any change permitted hereunder in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien ABL Obligations, Term Obligations or Junior-Lien ObligationsNotes Document, or any amendment or waiver or other modification, including any increase in the amount thereofmodification permitted hereunder, whether by course of conduct or otherwise, of the terms of the Credit Agreement any ABL Document, any Term Document or any other First-Lien Debt Document or of the terms of any Junior-Lien Debt Notes Document;
(ciii) any exchange of any security interest in any Shared Collateral or any other ABL Priority Collateral or any amendment, waiver or other modificationmodification permitted hereunder, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien ABL Obligations, Term Obligations or Junior-Lien Obligations or any guarantee thereofNotes Obligations;
(div) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(ev) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the First-Lien Obligations ABL Obligations, or (ii) any Junior-Lien Authorized Representative, any Junior-Lien of the Term Collateral Agent or any Junior-Lien Term Secured Party, or of the Notes Collateral Agent or any Notes Secured Party in respect of this Agreement.
Appears in 2 contracts
Sources: Credit Agreement (Dole Food Co Inc), Credit Agreement (Dole Food Co Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien ABL Collateral Agents, Agent and the First-Lien Authorized Representatives, ABL Secured Parties and the First-Lien Term Collateral Agent and the Term Loan Secured Parties, the Junior-Lien Authorized Representativesrespectively, the Junior-Lien Collateral Agents and the Junior-Lien Secured Parties hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document ABL Documents or any Junior-Lien Debt DocumentTerm Loan Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien ABL Obligations or Junior-Lien the Term Loan Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement any ABL Document or any other First-Lien Debt Document or of the terms of any Junior-Lien Debt Term Loan Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien ABL Obligations or Junior-Lien the Term Loan Obligations or any guarantee guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the First-Lien ABL Collateral Agent, the ABL Obligations, any ABL Secured Party, the Term Collateral Agent, the Term Loan Obligations or (ii) any Junior-Lien Authorized Representative, any Junior-Lien Collateral Agent or any Junior-Lien Term Loan Secured Party in respect of this Agreement.
Appears in 2 contracts
Sources: Term Loan Credit Agreement (Ardent Health Partners, LLC), Abl Credit Agreement (Ardent Health Partners, LLC)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Priority Collateral Agents, Agent and the First-Lien Authorized Representatives, the First-Lien Priority Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents and the JuniorSecond-Lien Priority Representatives and the Second-Priority Secured Parties Parties, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document Priority Documents or any JuniorSecond-Lien Debt DocumentPriority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Priority Obligations or JuniorSecond-Lien Priority Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit First Lien Agreement or any other First-Lien Debt Priority Document or of the terms of the Initial Second-Priority Agreement or any Juniorother Second-Lien Debt Priority Document;
(c) any exchange of any security interest in any Shared Common Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Priority Obligations or JuniorSecond-Lien Priority Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company Borrower or any other Grantor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company Borrower or any other Grantor in respect of the First-Lien Obligations Priority Obligations, or (ii) of any JuniorSecond-Lien Authorized Representative, any Junior-Lien Collateral Agent Priority Representative or any JuniorSecond-Lien Priority Secured Party in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Collateral Agents, Administrative Agent and the First-Lien Authorized Representatives, the First-Lien other Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents Trustee and the Junior-Lien Secured Parties Noteholders, and the holders of all future Second Priority Claims and their representative(s), respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document Loan Documents or any Junior-Lien Debt DocumentNoteholder Documents or comparable documents governing any other series or class of Second Priority Claims or any setting aside or avoidance of any Lender Lien;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Obligations Lender Claims or Junior-Lien ObligationsSecond Priority Claims, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any other First-Lien Debt Loan Document or of the terms of the Indenture or any Junior-Lien Debt Documentother Noteholder Document or comparable document governing any other series or class of Second Priority Claims;
(c) any exchange of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Obligations Lender Claims or Junior-Lien Obligations Second Priority Claims or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other GrantorObligor; or
(e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor Obligor in respect of the First-Lien Obligations Lender Claims, or (ii) any Junior-Lien Authorized Representativeof the Trustee, any Junior-Lien Collateral Noteholder, or any holder of Second Priority Claims or its representative(s), the Administrative Agent or any Junior-Lien other Secured Party in respect of this Agreement.
Appears in 1 contract
Sources: Intercreditor Agreement (Worldspan Ijet Holdings LLC)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Collateral AgentsABL Claimholders, the First-Lien Authorized Representatives, the First-Lien Senior Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents Notes Claimholders and the Junior-Lien Junior Secured Parties Notes Claimholders, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document ABL Loan Documents, any Senior Secured Notes Documents or any Junior-Lien Debt DocumentJunior Secured Notes Documents;
(b) except, in each case, as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien ABL Obligations, Senior Secured Notes Obligations or Junior-Lien Junior Secured Notes Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement any ABL Loan Document, Senior Secured Notes Document or any other First-Lien Debt Document or of the terms of any Junior-Lien Debt Junior Secured Notes Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange exchange, release, voiding, avoidance or non-perfection of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien ABL Obligations, Senior Secured Notes Obligations or Junior-Lien Junior Secured Notes Obligations or any guarantee guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the First-Lien Obligations or (ii) any Junior-Lien Authorized Representative, any Junior-Lien Collateral Agent or any Junior-Lien Secured Party Claimholder in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Collateral Agents, the First-Lien Authorized Representatives, the First-Lien Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents Senior Administrative Agent and the Junior-Lien Secured Parties Senior Claimholders and the Revolving and Term Loan Administrative Agent and the Revolving and Term Loan Claimholders, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document Senior Loan Documents or any Junior-Lien Debt Document;
Revolving and Term Loan Documents or the perfection of any Liens thereunder; (b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Senior Obligations or Junior-Lien Revolving and Term Loan Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement any Senior Loan Document or any other First-Lien Debt Document or of the terms of any Junior-Lien Debt Revolving and Term Loan Document;
; (c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Senior Obligations or Junior-Lien Revolving and Term Loan Obligations or any guarantee guaranty thereof;
; (d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company Borrower or any other GrantorObligor; or
or (e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company Borrower or any other Grantor Obligor in respect of the First-Lien Senior Administrative Agent, the Senior Obligations, any Senior Claimholder, the Revolving and Term Loan Administrative Agent, the Revolving and Term Loan Obligations or (ii) any Junior-Lien Authorized Representative, any Junior-Lien Collateral Agent or any Junior-Lien Secured Party Revolving and Term Loan Claimholder in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Term Collateral AgentsAgent and the Term Secured Parties and the ABL Collateral Agent, the First-Lien Authorized Representatives, the First-Lien ABL Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Notes Collateral Agents Agent and the Junior-Lien Notes Secured Parties Parties, respectively, hereunder shall remain in full force and effect irrespective of:
(a) : any lack of validity or enforceability of any First-Lien Debt Term Document, any ABL Document or any Junior-Lien Debt Notes Document;
(b) ; except as otherwise set forth in the Agreement, any change permitted hereunder in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Term Obligations, the ABL Obligations or Junior-Lien the Notes Obligations, or any amendment or waiver or other modification, including any increase in the amount thereofmodification permitted hereunder, whether by course of conduct or otherwise, of the terms of the Credit Agreement any Term Document, any ABL Document or any other First-Lien Debt Document or of the terms of any Junior-Lien Debt Notes Document;
(c) ; any exchange of any security interest in any Shared Collateral or any other TL Priority Collateral or any amendment, waiver or other modificationmodification permitted hereunder, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Term Obligations, the ABL Obligations or Junior-Lien Obligations or any guarantee thereof;
(d) the Notes Obligations; the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) or any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the First-Lien Obligations Term Obligations, or (ii) any Junior-Lien Authorized Representative, any Junior-Lien of the ABL Collateral Agent or any Junior-Lien ABL Secured Party, or of the Notes Collateral Agent or any Notes Secured Party in respect of this Agreement.
Appears in 1 contract
Sources: Credit Agreement (Dole Food Co Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Collateral AgentsSenior Representative, the First-Lien Authorized Representatives, the First-Lien Senior Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents Junior Representative and the Junior-Lien Junior Secured Parties hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Senior Debt Document or any Junior-Lien Junior Debt Document;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Senior Obligations or Junior-Lien Junior Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Senior Credit Agreement or any other First-Lien Senior Debt Document or of the terms of the Junior Term Loan Agreement or any Junior-Lien other Junior Debt Document;
(c) any exchange of any security interest in any Shared Collateral or any other Collateral collateral or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Senior Obligations or Junior-Lien Junior Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company Borrower or any other Grantor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, to (i) the Company Borrower or any other Grantor in respect of the First-Lien Senior Obligations or (other than the Discharge of the Priority Senior Obligations subject to Sections 5.06 and 6.04), (ii) any Junior-Lien Authorized Representative, any Junior-Lien Collateral Agent the Junior Representative or any Junior-Lien Junior Secured Party in respect of this Agreement, or (iii) the Borrower or any Grantor in respect of the Senior Obligations or the Junior Obligations.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Collateral Agents, Term Loan Security Agent and the First-Lien Authorized Representatives, Term Loan Secured Parties and the First-Lien Revolving Facility Security Agent and the Revolving Facility Secured Parties, the Junior-Lien Authorized Representativesrespectively, the Junior-Lien Collateral Agents and the Junior-Lien Secured Parties hereunder shall remain in full force and effect irrespective of:
(ai) any lack of validity or enforceability of any First-Lien Debt Term Loan Document or any Junior-Lien Debt Revolving Facility Document;
(bii) except as otherwise set forth in the Agreement, any change permitted hereunder in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Term Loan Obligations or Junior-Lien Revolving Facility Obligations, or any amendment or waiver or other modification, including any increase in the amount thereofmodification permitted hereunder, whether by course of conduct or otherwise, of the terms of the Credit Agreement any Term Loan Document or any other First-Lien Debt Document or of the terms of any Junior-Lien Debt Revolving Facility Document;
(ciii) except as otherwise set forth in the Agreement, any exchange of any security interest in any Shared Collateral or any other Term Loan First Lien Collateral or any amendment, waiver or other modificationmodification permitted hereunder, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Term Loan Obligations or Junior-Lien Obligations or any guarantee thereofRevolving Facility Obligations;
(div) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company any Borrower or any other Grantor; or
(ev) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company any Borrower or any other Grantor in respect of the First-Lien Obligations Term Loan Obligations, or (ii) any Junior-Lien Authorized Representative, any Junior-Lien Collateral of the Revolving Facility Security Agent or any Junior-Lien Revolving Facility Secured Party in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Collateral Agents, Priority Agent and the First-Lien Authorized Representatives, the First-Lien Priority Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents and the JuniorSecond-Lien Priority Representatives and the Second-Priority Secured Parties Parties, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document Priority Documents or any JuniorSecond-Lien Debt DocumentPriority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Priority Obligations or JuniorSecond-Lien Priority Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any other First-Lien Debt Priority Document or of the terms of the Second-Priority Facility Agreement or any Juniorother Second-Lien Debt Priority Document;
(c) any exchange of any security interest in any Shared Common Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Priority Obligations or JuniorSecond-Lien Priority Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company Borrower or any other Grantor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company Borrower or any other Grantor in respect of the First-Lien Obligations Priority Obligations, or (ii) of any JuniorSecond-Lien Authorized Representative, any Junior-Lien Collateral Agent Priority Representative or any JuniorSecond-Lien Priority Secured Party in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the FirstIntercreditor Agent and the Senior Lenders, and the Second-Lien Collateral Agents, Priority Agents and the FirstSecond-Lien Authorized Representatives, the First-Lien Priority Secured Parties, the Junior-Lien Authorized Representativesrespectively, the Junior-Lien Collateral Agents and the Junior-Lien Secured Parties hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document Senior Lender Documents or any JuniorSecond-Lien Debt DocumentPriority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the FirstSenior Lender Claims or Second-Lien Obligations or Junior-Lien ObligationsPriority Claims, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement any Senior Debt Instrument or any other First-Lien Debt Senior Lender Document or of the terms of any Juniorthe Second-Lien Debt Notes Indenture or any other Second-Priority Document;
(c) any exchange of any security interest in any Shared Common Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the FirstSenior Lender Claims or Second-Lien Obligations or Junior-Lien Obligations Priority Claims or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the FirstSenior Lender Claims, or of any Second-Lien Obligations or (ii) any Junior-Lien Authorized Representative, any Junior-Lien Collateral Priority Agent or any JuniorSecond-Lien Priority Secured Party in respect of this Agreement.
Appears in 1 contract
Sources: Intercreditor Agreement (Momentive Performance Materials Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Collateral Agents, the First-Lien Authorized Representatives, the First-Lien Secured Parties, the Junior-Lien Authorized Representatives, the Junior-First Lien Collateral Agents and the Junior-First Lien Secured Parties Parties, and the Junior Lien Collateral Agent and the Junior Lien Secured Parties, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-First Lien Debt Document Documents or any Junior-Junior Lien Debt DocumentDocuments; or any lack of or other matter relating to the validity, enforceability, perfection or priority of any lien creating or existing or purported to be creating or existing thereunder;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-First Lien Obligations or Junior-Junior Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement Agreement, First Lien Indenture or any other First-First Lien Debt Document or of the terms of the Junior Lien Indenture or any Junior-other Junior Lien Debt Document;
(c) any exchange of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-First Lien Obligations or Junior-Junior Lien Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the First-First Lien Obligations or (ii) any Junior-the Junior Lien Authorized Representative, any Junior-Lien Collateral Agent or any Junior-Lien Secured Party Obligations in respect of this Agreement.
Appears in 1 contract
Sources: Junior Lien Intercreditor Agreement (Reddy Ice Holdings Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Collateral Agents, the First-Lien Authorized Representatives, the First-Lien Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents DIP Agent and the JuniorDIP Lenders and the Pre-Lien Secured Parties Petition Agent and the Pre-Petition Lenders, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document the DIP Lender Documents or any JuniorPre-Lien Debt DocumentPetition Lender Documents;
(b) subject to the proviso to Section 8.3(b), any change in the time, manner or place of payment of, or in any other terms of, all or any of the FirstDIP Lender Claims or Pre-Lien Obligations or Junior-Lien ObligationsPetition Lender Claims, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the DIP Credit Agreement or any other First-Lien Debt DIP Lender Document or of the terms of the Standstill Agreement or any Juniorother Pre-Lien Debt Petition Lender Document;
(c) any exchange of any security interest in any Shared Common Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the FirstDIP Lender Claims or Pre-Lien Obligations or Junior-Lien Obligations Petition Lender Claims or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other GrantorProceeding; or
(e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor Obligor in respect of the FirstDIP Lender Claims, or of the Pre-Lien Obligations or (ii) any Junior-Lien Authorized Representative, any Junior-Lien Collateral Petition Agent or any JuniorPre-Lien Secured Party Petition Lender in respect of this Intercreditor Agreement.
Appears in 1 contract
Sources: Intercreditor and Subordination Agreement (Exide Corp)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Collateral Agents, Senior Financing Parties and the First-Lien Authorized Representatives, the First-Lien Secured Subordinated Financing Parties, the Junior-Lien Authorized Representativesrespectively, the Junior-Lien Collateral Agents and the Junior-Lien Secured Parties hereunder shall remain in full force and effect as set forth herein irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document the Senior Documents or any Junior-Lien Debt DocumentSubordinated Documents, other than in connection with the occurrence of an Improper Act;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Senior Obligations or Junior-Lien Subordinated Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Senior Loan Agreement or any other First-Lien Debt Senior Document or of the terms of the Subordinated Loan Agreement or any Junior-Lien Debt other Subordinated Document, in each case, to the extent made in compliance with the terms of this Agreement;
(c) any compromise, surrender, release, non-perfection or exchange of any security interest in any Shared Common Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Senior Obligations or Junior-Lien Subordinated Obligations or any guarantee thereofthereof made in compliance with the terms of this Agreement;
(d) the commencement of any Insolvency or Liquidation Bankruptcy Proceeding in respect of the Company or any other GrantorBorrowers; or
(e) any other circumstances that (other than those involving the occurrence of an Improper Act) which otherwise might constitute a defense available to, or a discharge Exh. F-21 of, (i) the Company or any other Grantor either Borrower in respect of the First-Lien Senior Obligations or (ii) any Junior-Lien Authorized Representative, any Junior-Lien Collateral Agent of the Subordinated Financing Parties or any Junior-Lien Secured Party Subordinated Obligations in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Collateral Agents, Agent and the other First-Lien Authorized Representatives, Creditors and the First-Lien Secured Parties, the Junior-Lien Authorized Representatives, the JuniorSecond-Lien Collateral Agents Agent and the Juniorother Second-Lien Secured Parties Creditors, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document or any JuniorSecond-Lien Debt Document;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Obligations or JuniorSecond-Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any other First-Lien Debt Document or of the terms of any JuniorSecond-Lien Debt Document;
(c) any exchange of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Obligations or JuniorSecond-Lien Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company Parent or any other Grantor; or
(e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company Parent or any other Grantor in respect of the First-Lien Obligations Obligations, or (ii) any Junior-Lien Authorized Representative, any Juniorof the Second-Lien Collateral Agent or any JuniorSecond-Lien Secured Party Creditor in respect of this Agreement.
Appears in 1 contract
Sources: Intercreditor Agreement (Global Aviation Holdings Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the FirstIntercreditor Agent and the Senior Lenders, and the Second-Lien Collateral Agents, Priority Agents and the FirstSecond-Lien Authorized Representatives, the First-Lien Priority Secured Parties, the Junior-Lien Authorized Representativesrespectively, the Junior-Lien Collateral Agents and the Junior-Lien Secured Parties hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document Senior Lender Documents or any JuniorSecond-Lien Debt DocumentPriority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the FirstSenior Lender Claims or Second-Lien Obligations or Junior-Lien ObligationsPriority Claims, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Senior Credit Agreement or any other First-Lien Debt Senior Lender Document or of the terms of the Existing ▇▇▇▇▇▇ Secured Notes Indenture or any Juniorother Second-Lien Debt Priority Document;
(c) any exchange of any security interest in any Shared Common Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the FirstSenior Lender Claims or Second-Lien Obligations or Junior-Lien Obligations Priority Claims or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the FirstSenior Lender Claims, or of any Second-Lien Obligations or (ii) any Junior-Lien Authorized Representative, any Junior-Lien Collateral Priority Agent or any JuniorSecond-Lien Priority Secured Party in respect of this Agreement.
Appears in 1 contract
Sources: Intercreditor Agreement (Hexion Specialty Chemicals, Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Collateral Agents, Priority Agent and the First-Lien Authorized Representatives, the First-Lien Priority Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents and the JuniorSecond-Lien Priority Agent and the Second-Priority Secured Parties Parties, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document Priority Documents or any JuniorSecond-Lien Debt DocumentPriority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Priority Obligations or JuniorSecond-Lien Priority Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the First-Priority Credit Agreement or any other First-Lien Debt Priority Document or of the terms of the Second-Priority Credit Agreement or any Juniorother Second-Lien Debt Priority Document;
(c) any exchange of any security interest in any Shared Common Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Priority Obligations or JuniorSecond-Lien Priority Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the First-Lien Obligations Priority Obligations, or (ii) any Juniorof the Second-Lien Authorized Representative, any Junior-Lien Collateral Priority Agent or any JuniorSecond-Lien Priority Secured Party in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Collateral Agents, Senior Financing Parties and the First-Lien Authorized Representatives, the First-Lien Secured Subordinated Financing Parties, the Junior-Lien Authorized Representativesrespectively, the Junior-Lien Collateral Agents and the Junior-Lien Secured Parties hereunder shall remain in full force and effect as set forth herein irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document the Senior Documents or any Junior-Lien Debt DocumentSubordinated Documents, other than in connection with the occurrence of an Improper Act;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Senior Obligations or Junior-Lien Subordinated Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Senior Loan Agreement or any other First-Lien Debt Senior Document or of the terms of the Subordinated Loan Agreement or any Junior-Lien Debt other Subordinated Document, in each case, to the extent made in compliance with the terms of this Agreement;
(c) any compromise, surrender, release, non-perfection or exchange of any security interest in any Shared Common Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Senior Obligations or Junior-Lien Subordinated Obligations or any guarantee thereofthereof made in compliance with the terms of this Agreement;
(d) the commencement of any Insolvency or Liquidation Bankruptcy Proceeding in respect of the Company or any other GrantorBorrowers; or
(e) any other circumstances that (other than those involving the occurrence of an Improper Act) which otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor either Borrower in respect of the First-Lien Senior Obligations or (ii) any Junior-Lien Authorized Representative, any Junior-Lien Collateral Agent of the Subordinated Financing Parties or any Junior-Lien Secured Party Subordinated Obligations in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the FirstIntercreditor Agent and the Senior Lenders, and the Second-Lien Collateral Agents, Priority Agents and the FirstSecond-Lien Authorized Representatives, the First-Lien Priority Secured Parties, the Junior-Lien Authorized Representativesrespectively, the Junior-Lien Collateral Agents and the Junior-Lien Secured Parties hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document Senior Lender Documents or any JuniorSecond-Lien Debt DocumentPriority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the FirstSenior Lender Claims or Second-Lien Obligations or Junior-Lien ObligationsPriority Claims, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Senior Credit Agreement or any other First-Lien Debt Senior Lender Document or of the terms of the Second Priority Senior Secured Notes Indenture or any Juniorother Second-Lien Debt Priority Document;
(c) any exchange of any security interest in any Shared Common Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the FirstSenior Lender Claims or Second-Lien Obligations or Junior-Lien Obligations Priority Claims or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the FirstSenior Lender Claims, or of any Second-Lien Obligations or (ii) any Junior-Lien Authorized Representative, any Junior-Lien Collateral Priority Agent or any JuniorSecond-Lien Priority Secured Party in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Priority Collateral Agents, Agent and the First-Lien Authorized Representatives, the First-Lien Priority Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents and the JuniorSecond-Lien Priority Representatives and the Second-Priority Secured Parties Parties, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document Priority Documents or any JuniorSecond-Lien Debt DocumentPriority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Priority Obligations or JuniorSecond-Lien Priority Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any other First-Lien Debt Priority Document or of the terms of the Initial Second-Priority Agreement or any Juniorother Second-Lien Debt Priority Document;
(c) any exchange of any security interest in any Shared Common Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Priority Obligations or JuniorSecond-Lien Priority Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company Companies or any other Grantor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company Companies or any other Grantor in respect of the First-Lien Obligations Priority Obligations, or (ii) of any JuniorSecond-Lien Authorized Representative, any Junior-Lien Collateral Agent Priority Representative or any JuniorSecond-Lien Priority Secured Party in respect of this Agreement.
Appears in 1 contract
Sources: Incremental Assumption and Amendment Agreement (Rexnord Corp)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien INMETCO Agent and the INMETCO Facility Lenders and the Collateral AgentsAgent, the First-Lien Authorized Representatives, the First-Lien Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents Trustee and the Junior-Lien Secured Parties other Indenture Holders, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document INMETCO Facility Documents or any Junior-Lien Debt DocumentIndenture Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Obligations INMETCO Facility Claims or Junior-Lien Indenture Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any other First-Lien Debt INMETCO Facility Document or of the terms of the Indenture or any Junior-Lien Debt other Indenture Document;
(c) any exchange of any security interest in any Shared INMETCO Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Obligations INMETCO Facility Claims or Junior-Lien Indenture Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company Issuer or any other Grantor; or
(e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company Issuer or any other Grantor in respect of the First-Lien Obligations INMETCO Facility Claims or (ii) the Indenture Obligations, or of the Collateral Agent, the Trustee or any Junior-Lien Authorized Representativeother Indenture Holder in respect of this Agreement, any Junior-Lien Collateral or of the INMETCO Agent or any Junior-Lien Secured Party INMETCO Facility Lender in respect of this Agreement.
Appears in 1 contract
Sources: Indenture (Horsehead Holding Corp)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Revolving Credit Collateral Agents, the First-Lien Authorized Representatives, the First-Lien Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents Agent and the Junior-Revolving Credit Claimholders and the Term Collateral Agent and the Term Priority Lien Secured Parties Claimholders, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document Revolving Credit Loan Documents or any Junior-Term Priority Lien Debt DocumentDocuments;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Revolving Credit Obligations or Junior-Term Priority Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the any Revolving Credit Agreement Loan Document or any other First-Term Priority Lien Debt Document or of the terms of any Junior-Lien Debt Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Revolving Credit Obligations or Junior-the Term Priority Lien Obligations or any guarantee guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the First-Revolving Credit Collateral Agent, the Revolving Credit Obligations, any Revolving Credit Claimholder, the Term Collateral Agent, the Term Priority Lien Obligations or (ii) any Junior-Term Priority Lien Authorized Representative, any Junior-Lien Collateral Agent or any Junior-Lien Secured Party Claimholder in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First-First Lien Collateral Agents, Obligations Representatives and the First-First Lien Authorized Representatives, the First-Lien Obligations Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents and the Junior-Junior Lien Obligations Representatives and the Junior Lien Obligations Secured Parties Parties, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-First Lien Debt Document Obligations Documents or any Junior-Junior Lien Debt DocumentObligations Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-First Lien Obligations or Junior-the Junior Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement First Lien Facility Documents or any other First-Other First Lien Debt Obligations Document or of the terms of the Junior Lien Notes Documents or any Junior-Other Junior Lien Debt Obligations Document;
(c) any exchange of any security interest in any Shared Common Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-First Lien Obligations or Junior-the Junior Lien Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other GrantorPledgor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor Pledgor in respect of the First-First Lien Obligations, or of any Junior Lien Obligations or (ii) any Junior-Lien Authorized Representative, any Junior-Lien Collateral Agent Representative or any Junior-Junior Lien Obligations Secured Party in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien ABL Collateral Agents, Agent and the First-Lien Authorized Representatives, ABL Secured Parties and the First-Lien Term Loan Collateral Agent and the Term Loan Secured Parties, the Junior-Lien Authorized Representativesrespectively, the Junior-Lien Collateral Agents and the Junior-Lien Secured Parties hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document ABL Loan Documents or any Junior-Lien Debt DocumentTerm Loan Documents;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien ABL Obligations or Junior-Lien Term Loan Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement any ABL Loan Document or any other First-Lien Debt Document or of the terms of any Junior-Lien Debt Term Loan Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien ABL Obligations or Junior-Lien Term Loan Obligations or any guarantee guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other GrantorObligor; or
(e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor Obligor in respect of the First-Lien ABL Collateral Agent, the ABL Obligations, any ABL Secured Party, the Term Loan Collateral Agent, the Term Loan Obligations or (ii) any Junior-Lien Authorized Representative, any Junior-Lien Collateral Agent or any Junior-Lien Term Loan Secured Party in respect of this Agreement.
Appears in 1 contract
Sources: Intercreditor Agreement (New Enterprise Stone & Lime Co., Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Collateral Agents, Priority Representatives and the First-Lien Authorized Representatives, the First-Lien Priority Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents and the JuniorSecond-Lien Priority Representatives and the Second-Priority Secured Parties Parties, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document Priority Documents or any JuniorSecond-Lien Debt DocumentPriority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Priority Obligations or JuniorSecond-Lien Priority Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the First Lien Credit Agreement or any other First-Lien Debt Priority Document or of the terms of the Second Lien Credit Agreement or any Juniorother Second-Lien Debt Priority Document;
(c) any exchange of any security interest in any Shared Common Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Priority Obligations or JuniorSecond-Lien Priority Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the First-Lien Obligations Priority Obligations, or (ii) of any JuniorSecond-Lien Authorized Representative, any Junior-Lien Collateral Agent Priority Representative or any JuniorSecond-Lien Priority Secured Party in respect of this Agreement.
Appears in 1 contract
Sources: Credit Agreement (Casa Systems Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-First Lien Collateral Agents, Agent and the First-First Lien Authorized Representatives, Secured Parties and the First-Second Lien Collateral Agent and the Second Lien Secured Parties, the Junior-Lien Authorized Representativesrespectively, the Junior-Lien Collateral Agents and the Junior-Lien Secured Parties hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-First Lien Debt Document Loan Documents or any Junior-Second Lien Debt DocumentDocuments or the perfection of any liens thereunder;
(b) except as otherwise set forth in the Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-First Lien Obligations or Junior-Second Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement any First Lien Loan Document or any other First-Second Lien Debt Document or of the terms of any Junior-Lien Debt Document;
(c) any exchange of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-First Lien Obligations or Junior-Second Lien Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other GrantorCredit Party; or
(e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor Credit Party in respect of the First-First Lien Obligations Obligations, or (ii) any Junior-Lien Authorized Representative, any Junior-of the Second Lien Collateral Agent or any Junior-Second Lien Secured Party in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First-First Lien Collateral Agents, Representative and the First-Lien Authorized Representatives, the First-First Lien Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents and the Junior-Junior Lien Representative and the Junior Lien Secured Parties Parties, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-First Lien Debt Document Documents or any Junior-Junior Lien Debt DocumentDocuments; or any lack of or other matter relating to the validity, enforceability, perfection or priority of any lien creating or existing or purported to be creating or existing thereunder;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-First Lien Obligations or Junior-Junior Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any other First-First Lien Debt Document or of the terms of any Junior-Junior Lien Debt Document;
(c) any exchange of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-First Lien Obligations or Junior-Junior Lien Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the First-First Lien Obligations or (ii) any Junior-the Junior Lien Authorized Representative, any Junior-Lien Collateral Agent or any Junior-Lien Secured Party Obligations in respect of this Agreement.
Appears in 1 contract
Sources: Pari Passu Intercreditor Agreement (J C Penney Co Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Priority Collateral Agents, Agent and the First-Lien Authorized Representatives, the First-Lien Priority Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents and the JuniorSecond-Lien Priority Representatives and the Second-Priority Secured Parties Parties, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document Priority Documents or any JuniorSecond-Lien Debt DocumentPriority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Priority Obligations or JuniorSecond-Lien Priority Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the First Lien Credit Agreement or any other First-Lien Debt Priority Document or of the terms of the Initial Second-Priority Agreement or any Juniorother Second-Lien Debt Priority Document;
(c) any exchange of any security interest in any Shared Common Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Priority Obligations or JuniorSecond-Lien Priority Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company Parent Borrower or any other Grantor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company Parent Borrower or any other Grantor in respect of the First-Lien Obligations Priority Obligations, or (ii) of any JuniorSecond-Lien Authorized Representative, any Junior-Lien Collateral Agent Priority Representative or any JuniorSecond-Lien Priority Secured Party in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Collateral Agents, the First-Lien Authorized Representatives, the First-First Lien Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents and the Junior-Second Lien Secured Parties and the Third Lien Secured Parties, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-First Lien Debt Document Financing Documents, any Second Lien Financing Documents, and Third Lien Financing Documents or the perfection or attachment of any Junior-Lien Debt Documentliens thereunder;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-First Lien Obligations, Second Lien Obligations or Junior-Third Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement any First Lien Financing Document, any Second Lien Financing Document, or any other First-Third Lien Debt Document or of the terms of any Junior-Lien Debt Financing Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-First Lien Obligations, the Second Lien Obligations or Junior-the Third Lien Obligations Obligations, or any guarantee guaranty thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the First-First Lien Collateral Agent, the First Lien Obligations, any First Lien Secured Party, the Second Lien Collateral Agent, the Second Lien Obligations or (ii) any Junior-Second Lien Authorized RepresentativeSecured Party, any Junior-or the Third Lien Collateral Agent Agent, the Third Lien Obligations or any Junior-Third Lien Secured Party Party, in each case in respect of this Agreement.
Appears in 1 contract
Sources: Collateral Agency and Intercreditor Agreement (Mohegan Tribal Gaming Authority)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Priority Collateral Agents, Agent and the First-Lien Authorized Representatives, the First-Lien Priority Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents and the JuniorSecond-Lien Priority Representatives and the Second-Priority Secured Parties Parties, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document Priority Documents or any JuniorSecond-Lien Debt DocumentPriority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Priority Obligations or JuniorSecond-Lien Priority Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement First Lien Trustee or any other First-Lien Debt Priority Document or of the terms of the Second Lien Indenture or any Juniorother Second-Lien Debt Priority Document;
(c) any exchange of any security interest in any Shared Common Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Priority Obligations or JuniorSecond-Lien Priority Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the First-Lien Obligations Priority Obligations, or (ii) of any JuniorSecond-Lien Authorized Representative, any Junior-Lien Collateral Agent Priority Representative or any JuniorSecond-Lien Priority Secured Party in respect of this Agreement.
Appears in 1 contract
Sources: Indenture (Macy's, Inc.)
Obligations Unconditional. All rights, interests, agreements and obligations of the FirstIntercreditor Agent and the Senior Lenders, and the Second-Lien Collateral Agents, Priority Agents and the FirstSecond-Lien Authorized Representatives, the First-Lien Priority Secured Parties, the Junior-Lien Authorized Representativesrespectively, the Junior-Lien Collateral Agents and the Junior-Lien Secured Parties hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document Senior Lender Documents or any JuniorSecond-Lien Debt DocumentPriority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Priority Lien Obligations or JuniorSecond-Lien Priority Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Senior Credit Agreement or any other First-Lien Debt Senior Lender Document or of the terms of the Secured Notes Indenture or any Juniorother Second-Lien Debt Priority Document;
(c) any exchange of any security interest in any Shared Common Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Priority Lien Obligations or JuniorSecond-Lien Priority Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the First-Priority Lien Obligations Obligations, or (ii) of any JuniorSecond-Lien Authorized Representative, any Junior-Lien Collateral Priority Agent or any JuniorSecond-Lien Priority Secured Party in respect of this Agreement.
Appears in 1 contract
Sources: Lien Subordination and Intercreditor Agreement (Us Oncology Corporate Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Priority Collateral Agents, Agent and the First-Lien Authorized Representatives, the First-Lien Priority Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents and the JuniorSecond-Lien Priority Representatives and the Second-Priority Secured Parties Parties, respectively, hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document Priority Documents or any JuniorSecond-Lien Debt DocumentPriority Documents;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Priority Obligations or JuniorSecond-Lien Priority Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the First Lien Credit Agreement or any other First-Lien Debt Priority Document or of the terms of the Second Lien [Indenture][Credit Agreement] or any Juniorother Second-Lien Debt Priority Document;
(c) any exchange of any security interest in any Shared Common Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Priority Obligations or JuniorSecond-Lien Priority Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the First-Lien Obligations Priority Obligations, or (ii) of any JuniorSecond-Lien Authorized Representative, any Junior-Lien Collateral Agent Priority Representative or any JuniorSecond-Lien Priority Secured Party in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Collateral Agents, Agent and the First-Lien Authorized RepresentativesCreditors, the First-Lien Secured Parties, the Junior-Lien Authorized Representatives, the JuniorSecond-Lien Collateral Agents Agent and the JuniorSecond-Lien Secured Parties Creditors, and the Third-Lien Collateral Agent and the Third-Lien Creditors, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Credit Document, any Second-Lien Note Document or any JuniorThird-Lien Debt Credit Document;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Obligations or JuniorSecond-Lien Obligations or Third-Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any other First-Lien Debt Credit Document, any Second-Lien Note Document or of the terms of any JuniorThird-Lien Debt Credit Document;
(c) any exchange of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Obligations, Second-Lien Obligations or JuniorThird-Lien Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company Borrower or any other Grantor; or
(e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company Borrower or any other Grantor in respect of any of the First-Lien Obligations Obligations, or (ii) any Junior-Lien Authorized Representative, any Juniorof the Second-Lien Collateral Agent or any JuniorSecond-Lien Secured Party Creditor in respect of this Agreement, or of the Third-Lien Collateral Agent or any Third-Lien Creditor in respect of this Agreement.
Appears in 1 contract
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien ABL Collateral AgentsAgent and the ABL Secured Parties and the Term Collateral Agent, the First-Lien Authorized Representatives, the First-Lien Term Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Notes Collateral Agents Agent and the Junior-Lien Notes Secured Parties Parties, respectively, hereunder shall remain in full force and effect irrespective of:
(a) : any lack of validity or enforceability of any First-Lien Debt ABL Document, any Term Document or any Junior-Lien Debt Notes Document;
(b) ; except as otherwise set forth in the Agreement, any change permitted hereunder in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien ABL Obligations, Term Obligations or Junior-Lien ObligationsNotes Document, or any amendment or waiver or other modification, including any increase in the amount thereofmodification permitted hereunder, whether by course of conduct or otherwise, of the terms of the Credit Agreement any ABL Document, any Term Document or any other First-Lien Debt Document or of the terms of any Junior-Lien Debt Notes Document;
(c) ; any exchange of any security interest in any Shared Collateral or any other ABL Priority Collateral or any amendment, waiver or other modificationmodification permitted hereunder, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien ABL Obligations, Term Obligations or Junior-Lien Obligations or any guarantee thereof;
(d) Notes Obligations; the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or
(e) or any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company or any other Grantor in respect of the First-Lien Obligations ABL Obligations, or (ii) any Junior-Lien Authorized Representative, any Junior-Lien of the Term Collateral Agent or any Junior-Lien Term Secured Party, or of the Notes Collateral Agent or any Notes Secured Party in respect of this Agreement.
Appears in 1 contract
Sources: Credit Agreement (Dole Food Co Inc)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Collateral Agents, Agent and the other First-Lien Authorized Representatives, Creditors and the First-Lien Secured Parties, the Junior-Lien Authorized Representatives, the JuniorSecond-Lien Collateral Agents Agent and the Juniorother Second-Lien Secured Parties Creditors, respectively, hereunder (including the Lien priorities established hereby) shall remain in full force and effect (subject to Section 5.3 and the rights of Holdings, the Borrowers and the other Grantors under the First-Lien Documents and the Second-Lien Documents) irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Document or any JuniorSecond-Lien Debt Document;
(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Obligations or JuniorSecond-Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any other First-Lien Debt Document or of the terms of any JuniorSecond-Lien Debt Document;
(c) any exchange of any security interest in any Shared Collateral or any other Collateral collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Obligations or JuniorSecond-Lien Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company Holdings, any Borrower or any other Grantor; or
(e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company Holdings, any Borrower or any other Grantor in respect of the First-Lien Obligations Obligations, or (ii) any Junior-Lien Authorized Representative, any Juniorof the Second-Lien Collateral Agent or any JuniorSecond-Lien Secured Party Creditor in respect of this AgreementAgreement (other than the Discharge of the First-Lien Obligations and the Discharge of the Second-Lien Obligations).
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Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Collateral AgentsDesignated Senior Representative, the First-Lien Authorized other Senior Representatives, the First-Lien Senior Secured Parties, the Junior-Lien Authorized Representatives, the Junior-Lien Collateral Agents Junior Representatives and the Junior-Lien Junior Secured Parties hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Senior Debt Document or any Junior-Lien Junior Debt Document;
(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Senior Obligations (it being specifically acknowledged that a portion of the Senior Obligations may consist of Indebtedness that is revolving in nature, and the amount thereof that may be outstanding at any time or Junior-Lien from time to time may be increased or reduced and subsequently reborrowed) or Junior Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Credit Agreement or any other First-Lien Senior Debt Document or of the terms of any Junior-Lien Junior Debt Document;
(c) except as otherwise expressly set forth in this Agreement, any exchange exchange, release, voiding, defect in or non-perfection of any security interest in any Shared Collateral or any other Collateral collateral or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Senior Obligations or Junior-Lien Junior Obligations or any guarantee thereof;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company either Borrower or any other Grantor; or
(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) the Company either Borrower or any other Grantor in respect of the First-Lien Senior Obligations or (ii) any Junior-Lien Authorized Representative, any Junior-Lien Collateral Agent Junior Representative or any Junior-Lien Junior Secured Party in respect of this Agreement.
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Sources: Credit Agreement (Walter Investment Management Corp)
Obligations Unconditional. All rights, interests, agreements and obligations of the First-Lien Collateral Agents, Senior Representative and the First-Lien Authorized Representatives, Senior Secured Obligations Secured Parties and the First-Lien Junior Representative and the Junior Secured Obligations Secured Parties, the Junior-Lien Authorized Representativesrespectively, the Junior-Lien Collateral Agents and the Junior-Lien Secured Parties hereunder shall remain in full force and effect irrespective of:
(a) any lack of validity or enforceability of any First-Lien Debt Senior Document or any Junior-Lien Debt Junior Document;
(b) except as otherwise set forth in the Agreement, any change permitted hereunder in the time, manner or place of payment of, or in any other terms of, all or any of the First-Lien Senior Secured Obligations or Junior-Lien Junior Secured Obligations, or any amendment or waiver or other modification, including any increase in the amount thereofmodification permitted hereunder, whether by course of conduct or otherwise, of the terms of the Credit Agreement any Senior Document or any other First-Lien Debt Document or of the terms of any Junior-Lien Debt Junior Document;
(c) any exchange of any security interest in any Shared Collateral or any other Senior Secured Obligations Collateral or any amendment, waiver or other modificationmodification permitted hereunder, whether in writing or by course of conduct or otherwise, of all or any of the First-Lien Senior Secured Obligations or Junior-Lien Obligations or any guarantee thereofJunior Secured Obligations;
(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company Holdings or any other Grantor; or
(e) any other circumstances that which otherwise might constitute a defense available to, or a discharge of, (i) the Company Holdings or any other Grantor in respect of the First-Lien Obligations Senior Secured Obligations, or (ii) any Junior-Lien Authorized Representative, any Junior-Lien Collateral Agent of the Junior Representative or any Junior-Lien Junior Secured Obligations Secured Party in respect of this Agreement.
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