Intercreditor Agreement: First and Second Lien Loans (Silent Second Liens) | Practical Law

Intercreditor Agreement: First and Second Lien Loans (Silent Second Liens) | Practical Law

This is a standard form of intercreditor agreement to be used in connection with first and second lien loan agreements that are secured by the same collateral. This Standard Document reflects the limited negotiating strength of second lien lenders in a so-called "silent second lien" transaction. This Standard Document has integrated notes with important explanations and drafting and negotiating tips.

Intercreditor Agreement: First and Second Lien Loans (Silent Second Liens)

Practical Law Standard Document 2-525-5472 (Approx. 28 pages)

Intercreditor Agreement: First and Second Lien Loans (Silent Second Liens)

by Practical Law Finance and Practical Law Bankruptcy
MaintainedUSA (National/Federal)
This is a standard form of intercreditor agreement to be used in connection with first and second lien loan agreements that are secured by the same collateral. This Standard Document reflects the limited negotiating strength of second lien lenders in a so-called "silent second lien" transaction. This Standard Document has integrated notes with important explanations and drafting and negotiating tips.