Common use of Permitted Security Interest Clause in Contracts

Permitted Security Interest. amend the definition of “Permitted Security Interest” to include Security Interests in addition to the existing “Permitted Security Interests”:

Permitted Security Interest. amend the definition of “Permitted Security Interest” to include Security Interests in addition to the existing “Permitted Security Interests”:: (a) which arise under any senior secured finance document which is subject to the terms of an intercreditor agreement on terms satisfactory to the Facility Agent and the Security Agent (in each case, acting reasonably);