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Intercreditor Agreement DIP Financing Clause 2


Book Publication Date: May 2014
Description: Second lien lenders in intercreditor agreements may wish to use a clause such as the one included here to retain the right to object to a plan of reorganization where the obligor is in bankruptcy.
Type: Contract Clauses
PLI Item #: 135706
Practice Area: Corporate & Securities
Keywords: "intercreditor agreement"; "lien subordination"; "first lien obligations"; "second lien obligations"; "first lien claimholders"; "second lien claimholders"; "revolving credit"; "debt cap"; "refinancing"; "amendment"; "restatement"; "maximum first priority lien amount"; "DIP financing"; "debtor in possession"; "plan of reorganization"

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