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Intercreditor Agreement Power of Attorney Clause
Leveraged Financing 2014 ( Edition)
Book Publication Date:
First lien lenders in intercreditor agreements will often retain power of attorney on behalf of the second line lenders using a clause such as the one included here.
This allows them to sell collateral without objections from the second lien lenders.
PLI Item #:
Corporate & Securities
"first lien obligations"
"second lien obligations"
"first lien claimholders"
"second lien claimholders"
"maximum first priority lien amount"
"debtor in possession"
"plan of reorganization"
"power of attorney"
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