Intercreditor Agreement definition: Copy, customize, and use instantly
Introduction
The term "Intercreditor Agreement" refers to a legal document established between two or more creditors that outlines their respective rights, obligations, and priorities regarding a borrower's debt. It is essential for managing disputes, clarifying repayment priorities, and ensuring an orderly distribution of assets in case of default or bankruptcy.
Below are various examples of how "Intercreditor Agreement" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Intercreditor Agreement" as prioritizing debt obligations
This definition ties "Intercreditor Agreement" to its role in determining debt repayment priorities.
"Intercreditor Agreement" means a legally binding agreement that establishes the ranking and priority of repayment among creditors in relation to the borrower's obligations.
Definition of "Intercreditor Agreement" as governing shared collateral
This definition connects "Intercreditor Agreement" to collateral management.
"Intercreditor Agreement" refers to the terms governing the rights and responsibilities of creditors with claims over shared collateral, including enforcement and proceeds distribution.
Definition of "Intercreditor Agreement" as addressing default scenarios
This definition links "Intercreditor Agreement" to handling defaults.
"Intercreditor Agreement" means a contractual arrangement specifying the actions, rights, and remedies available to creditors in the event of the borrower’s default or bankruptcy.
Definition of "Intercreditor Agreement" as enabling syndicated loans
This definition applies "Intercreditor Agreement" to loan syndications.
"Intercreditor Agreement" refers to an agreement among creditors in a syndicated loan arrangement, outlining their respective rights, voting powers, and responsibilities.
Definition of "Intercreditor Agreement" as establishing payment waterfalls
This definition ties "Intercreditor Agreement" to the prioritization of cash flows.
"Intercreditor Agreement" means a legal arrangement that determines the sequence in which creditors receive payments, commonly referred to as a payment waterfall.
Definition of "Intercreditor Agreement" as resolving creditor disputes
This definition connects "Intercreditor Agreement" to its role in conflict resolution.
"Intercreditor Agreement" refers to an agreement that establishes procedures for resolving disputes between creditors regarding their respective rights and obligations.
Definition of "Intercreditor Agreement" as applying to secured and unsecured creditors
This definition highlights "Intercreditor Agreement" in the context of secured versus unsecured debt.
"Intercreditor Agreement" means a contractual arrangement that specifies the rights of secured and unsecured creditors, particularly regarding repayment priorities and collateral rights.
Definition of "Intercreditor Agreement" as governing mezzanine financing
This definition ties "Intercreditor Agreement" to mezzanine debt arrangements.
"Intercreditor Agreement" refers to the terms that govern the relationship between senior lenders and mezzanine lenders, including subordination of claims and enforcement rights.
Definition of "Intercreditor Agreement" as managing pari passu debt
This definition applies "Intercreditor Agreement" to equally ranked creditors.
"Intercreditor Agreement" means a contractual framework that coordinates the rights and actions of creditors holding pari passu debt to ensure equitable treatment.
Definition of "Intercreditor Agreement" as enabling enforcement coordination
This definition focuses on creditor actions in enforcement scenarios.
"Intercreditor Agreement" refers to the terms that coordinate creditor enforcement actions, including foreclosure and liquidation proceedings, to avoid conflicts or duplication of efforts.
Definition of "Intercreditor Agreement" as applicable in cross-border lending
This definition ties "Intercreditor Agreement" to international financial transactions.
"Intercreditor Agreement" means a legally binding arrangement that governs the rights and priorities of creditors involved in cross-border lending arrangements, addressing jurisdictional and legal complexities.
Definition of "Intercreditor Agreement" as addressing senior and junior debt
This definition highlights "Intercreditor Agreement" in a senior-junior lender relationship.
"Intercreditor Agreement" refers to an agreement that outlines the subordination, priority, and enforcement rights between senior and junior creditors in a borrower’s debt structure.
Definition of "Intercreditor Agreement" as addressing interbank arrangements
This definition focuses on "Intercreditor Agreement" among banks.
"Intercreditor Agreement" means a framework agreed upon by lending banks that establishes mutual obligations and priorities in multi-bank lending transactions.
Definition of "Intercreditor Agreement" as defining collateral access rights
This definition applies "Intercreditor Agreement" to collateral enforcement.
"Intercreditor Agreement" refers to the terms that regulate creditor access to and control over collateral, including when and how such rights can be exercised.
Definition of "Intercreditor Agreement" as aligning restructuring efforts
This definition ties "Intercreditor Agreement" to financial restructuring.
"Intercreditor Agreement" means the agreement that coordinates creditor actions during debt restructuring processes, ensuring alignment on repayment terms and timelines.
Definition of "Intercreditor Agreement" as applicable to revolving credit facilities
This definition highlights "Intercreditor Agreement" for revolving credit lenders.
"Intercreditor Agreement" refers to the arrangement that defines the rights and repayment priorities of creditors providing revolving credit in conjunction with term loans.
Definition of "Intercreditor Agreement" as addressing voting rights
This definition focuses on creditor voting powers.
"Intercreditor Agreement" means a contractual arrangement that specifies the voting rights of creditors, including thresholds for approval of significant actions or changes.
Definition of "Intercreditor Agreement" as supporting bankruptcy proceedings
This definition applies "Intercreditor Agreement" to insolvency scenarios.
"Intercreditor Agreement" refers to the framework that governs creditor behavior during bankruptcy or insolvency proceedings, ensuring adherence to agreed-upon priorities and actions.
Definition of "Intercreditor Agreement" as managing inter-lender risk
This definition ties "Intercreditor Agreement" to risk-sharing mechanisms.
"Intercreditor Agreement" means the arrangement that distributes risks among lenders, including provisions for indemnification, shared losses, and credit support.
Definition of "Intercreditor Agreement" as enabling collateral sharing
This definition highlights "Intercreditor Agreement" in shared collateral arrangements.
"Intercreditor Agreement" refers to the terms that allow multiple creditors to share collateral security while defining their respective rights and obligations regarding its use or enforcement.
Definition of "Intercreditor Agreement" as addressing syndicate leader roles
This definition ties "Intercreditor Agreement" to roles within creditor syndicates.
"Intercreditor Agreement" means a document that defines the authority, rights, and responsibilities of syndicate leaders or agents in managing creditor relationships.
Definition of "Intercreditor Agreement" as governing subordinated debt
This definition focuses on junior or subordinated lender obligations.
"Intercreditor Agreement" refers to the terms that outline the subordination of subordinated debt, ensuring that senior lenders are repaid first in case of default.
Definition of "Intercreditor Agreement" as enabling debt carve-outs
This definition ties "Intercreditor Agreement" to the creation of specific exceptions.
"Intercreditor Agreement" means the contractual arrangement that specifies carve-outs or exceptions to subordination, such as permitted payments to junior lenders under specific circumstances.
Definition of "Intercreditor Agreement" as ensuring equitable treatment
This definition applies "Intercreditor Agreement" to fairness among creditors.
"Intercreditor Agreement" refers to the document that ensures equitable treatment of all creditors by defining clear and enforceable rules for prioritizing and distributing payments.
Definition of "Intercreditor Agreement" as addressing lien subordination
This definition ties "Intercreditor Agreement" to lien subordination arrangements.
"Intercreditor Agreement" means a legal arrangement that defines the hierarchy and subordination of liens held by different creditors over the borrower's assets.
Definition of "Intercreditor Agreement" as coordinating debt maturity dates
This definition highlights "Intercreditor Agreement" in the context of repayment timelines.
"Intercreditor Agreement" refers to the terms that align or coordinate debt maturity dates between creditors to avoid conflicts in repayment obligations.
Definition of "Intercreditor Agreement" as applicable to distressed debt
This definition ties "Intercreditor Agreement" to managing distressed or defaulted loans.
"Intercreditor Agreement" means the document that governs the actions and priorities of creditors holding distressed or defaulted debt, ensuring orderly recovery.
Definition of "Intercreditor Agreement" as regulating cross-default clauses
This definition focuses on "Intercreditor Agreement" in the context of default triggers.
"Intercreditor Agreement" refers to the contractual arrangement that manages cross-default clauses, ensuring consistency in creditor rights and remedies in case of borrower default.
Definition of "Intercreditor Agreement" as balancing inter-lender equity
This definition ties "Intercreditor Agreement" to fairness among lenders.
"Intercreditor Agreement" means the legal framework that balances the rights and obligations of creditors to ensure fair treatment and minimize conflicts in multi-lender arrangements.
Definition of "Intercreditor Agreement" as supporting private equity financing
This definition highlights "Intercreditor Agreement" in private equity-backed transactions.
"Intercreditor Agreement" refers to the terms that govern the relationship between creditors and private equity investors, including subordination of equity claims to senior debt.
Definition of "Intercreditor Agreement" as addressing inter-lender voting thresholds
This definition applies "Intercreditor Agreement" to decision-making mechanisms.
"Intercreditor Agreement" means the contractual arrangement that sets voting thresholds and decision-making procedures among creditors for key borrower-related actions.
Definition of "Intercreditor Agreement" as mitigating enforcement risks
This definition ties "Intercreditor Agreement" to enforcement risk management.
"Intercreditor Agreement" refers to the terms that mitigate risks associated with multiple creditors attempting to enforce their claims simultaneously, ensuring coordinated action.
Definition of "Intercreditor Agreement" as allocating collateral proceeds
This definition highlights "Intercreditor Agreement" in the distribution of collateral sale proceeds.
"Intercreditor Agreement" means the document that establishes how proceeds from the sale of collateral are distributed among creditors based on agreed priorities.
Definition of "Intercreditor Agreement" as managing hybrid debt structures
This definition focuses on "Intercreditor Agreement" in complex financial arrangements.
"Intercreditor Agreement" refers to the terms governing hybrid debt structures, where creditors hold a combination of secured, unsecured, and subordinated debt.
Definition of "Intercreditor Agreement" as applicable to debtor-in-possession financing
This definition ties "Intercreditor Agreement" to financing during bankruptcy.
"Intercreditor Agreement" means the legal framework that defines the rights and priorities of creditors when debtor-in-possession (DIP) financing is secured during bankruptcy proceedings.
Definition of "Intercreditor Agreement" as ensuring waterfall enforcement
This definition ties "Intercreditor Agreement" to repayment hierarchies.
"Intercreditor Agreement" refers to the provisions that ensure the enforcement of payment waterfalls, dictating the order in which creditors receive payments from available funds.
Definition of "Intercreditor Agreement" as guiding inter-lender communications
This definition highlights "Intercreditor Agreement" in managing communication protocols.
"Intercreditor Agreement" means the arrangement that sets out communication protocols and information-sharing mechanisms among creditors to ensure transparency and coordination.
Definition of "Intercreditor Agreement" as resolving insolvency conflicts
This definition ties "Intercreditor Agreement" to insolvency situations.
"Intercreditor Agreement" refers to the document that governs creditor interactions and conflict resolution during insolvency or liquidation proceedings.
Definition of "Intercreditor Agreement" as facilitating shared financing structures
This definition applies "Intercreditor Agreement" to co-financing agreements.
"Intercreditor Agreement" means the legal arrangement that facilitates shared financing by defining roles, responsibilities, and repayment terms for co-financing creditors.
Definition of "Intercreditor Agreement" as addressing prepayment rights
This definition ties "Intercreditor Agreement" to prepayment provisions.
"Intercreditor Agreement" refers to the terms that regulate prepayment rights, including how creditors are compensated if the borrower repays debt early.
Definition of "Intercreditor Agreement" as safeguarding minority creditors
This definition highlights "Intercreditor Agreement" in protecting smaller creditors.
"Intercreditor Agreement" means the document that includes provisions to protect the rights and interests of minority creditors in multi-lender arrangements.
Definition of "Intercreditor Agreement" as harmonizing loan documentation
This definition ties "Intercreditor Agreement" to document consistency.
"Intercreditor Agreement" refers to the arrangement that ensures harmonization and consistency of terms across loan documents used by multiple creditors.
Definition of "Intercreditor Agreement" as addressing inter-lender indemnification
This definition focuses on "Intercreditor Agreement" in risk-sharing.
"Intercreditor Agreement" means the arrangement that defines indemnification terms among creditors to allocate risks and responsibilities in shared lending scenarios.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.