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Intercreditor Agreement

 

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Title:

Intercreditor Agreement

Entities:

ABN AMRO Bank N.V.; Bank One, NA; Cigna Investments, Inc.; Midas, Inc.; U.S. Bank, NA

Date:

2003

Size:

Preview shows 4KB of 85KB total

Price:

$56

ID:

#137305

 

 

► Loans ► Intercreditor Agreements
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INTERCREDITOR AGREEMENT

INTERCREDITOR AGREEMENT dated as of March 27, 2003 by and
among (i) the lenders identified on the signature pages hereof as revolving
credit lenders (such revolving credit lenders, together with successor revolving
credit lenders under the Revolving Credit (as defined below), are referred to
hereinafter each individually as a "Revolver Lender" and collectively as the
"Revolver Lenders"), and BANK ONE, NA, a national banking association having its
principal office in Chicago, Illinois ("Bank One"), as administrative agent and
collateral agent for the Revolver Lenders (Bank One, NA, in such capacity, and
any successor agent in such capacity, the "Revolver Agent"), (ii) the lenders
identified on the signature pages hereof as bank term lenders (such bank term
lenders, together with successor lenders of the Bank Term Loans (as defined
below), are referred to hereinafter each individually as a "Bank Term Lender"
and collectively as the "Bank Term Lenders"), and BANK ONE, NA, a national
banking association having its principal office in Chicago, Illinois, as
administrative agent and collateral agent for the Bank Term Lenders (Bank One,
NA, in such capacity, and any successor agent in such capacity, the "Bank Term
Agent"), (iii) the institutional investors identified on the signature pages
hereof as institutional investors (such institutional investors, together with
successor holders of the Institutional Investor Notes (as defined below), are
referred to hereinafter each individually as an "Institutional Investor" and
collectively as the "Institutional Investors"), and U.S. Bank National
Association, as collateral agent for the Institutional Investors (US Bank, in
such capacity, and any successor agent in such capacity, the "Collateral
Agent"). The Revolving Lenders, the Bank Term Lenders and the Institutional
Investors are referred to collectively as the "Secured Parties" and individually
as a "Secured Party". The Revolver Agent, the Bank Term Agent and the Collateral
Agent are referred to collectively as the "Agents" and each individually as an
"Agent".

In consideration of the mutual agreements herein contained and other
good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto agree as follows:

SECTION 1. RECITALS

Section 1.1. Bank Loan Agreement; Revolving Credit. Pursuant to that
certain Loan and Security Agreement of even date among the Obligors, the
Revolver Lenders, the Bank Term Lenders and Bank One, in its capacity as the
Revolver Agent and the Bank Term Agent (such agreement as hereafter amended,
supplemented, restated or modified from time to time in compliance with Section
6.2 hereof, the "Bank Loan Agreement"), the Revolver Lenders have agreed,
severally and not jointly, subject to the terms and conditions set forth
therein, to establish in favor of the Borrowers a revolving line of credit to
fund ongoing working capital needs of the Obligors (the "Revolving Credit"), and
to make loans to the Borrowers under the Revolving Credit and to issue letters
of credit (collectively, the "Revolver Loans"), all as set forth in the Bank
Loan Agreement, such Revolving Loans to be evidenced by the promissory notes of
the Borrowers (such notes, as hereafter amended, supplemented, restated or
modified from time to time in compliance with Section 6.2 hereof, the "Revolver

 

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