SEC Contract Filing

Filing Date: 2015-05-18

Document Content:
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<TYPE>EX-10.7
<SEQUENCE>6
<FILENAME>a15-11733_1ex10d7.htm
<DESCRIPTION>EX-10.7
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;10.7</font></b></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">INTERCREDITOR AND COLLATERAL AGENCY AGREEMENT</font></u></b></p>
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<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Intercreditor and Collateral Agency Agreement (this &#147;<b>Agreement&#148;</b>), dated as of this 14th day of May&nbsp;2015, is by and among The PrivateBank and Trust Company (<b>&#147;PrivateBank&#148;</b>), BMO Harris Bank N.A. (<b>&#147;BMO&#148;</b>), The Prudential Insurance Company of America (<b>&#147;Prudential&#148;</b>), Pruco Life Insurance Company (<b>&#147;Pruco&#148;</b>), Prudential Retirement Guaranteed Cost Business Trust (<b>&#147;Prudential Guaranteed&#148;</b>), PrivateBank, in its capacity as Bank Agent, and PrivateBank, in its capacity as Collateral Agent.&#160; All terms used herein which are defined in Section&nbsp;1 hereof or in the text of any other Section&nbsp;hereof shall have the meanings given therein.</font></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WITNESSETH:</font></u></b></p>
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<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, pursuant to the Credit Agreement the Bank Lenders have made on or prior to the date hereof and the Bank Lenders may from time to time hereafter make Revolving Loans to the Borrowers and issue Letters of Credit for the account of the Borrowers; and</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, pursuant to the Note Agreement the Noteholders who are the initial signatories hereto are purchasing on the date hereof certain Senior Secured Notes of the Borrowers; and</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, pursuant to the Guaranty Agreements the Guarantors have guarantied the Senior Indebtedness; and</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, pursuant to the Collateral Documents the Loan Parties are granting to the Collateral Agent liens upon and security interests in the Collateral to secure the Senior Indebtedness; and</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, PrivateBank, BMO, Prudential, Pruco, Prudential Guaranteed and the Bank Agent desire to appoint PrivateBank as their agent with respect to Collateral and the Collateral Documents; and</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, PrivateBank, BMO, Prudential, Pruco, Prudential Guaranteed, the Bank Agent and the Collateral Agent desire to agree upon the priorities for the application of any proceeds from the Collateral and to agree upon various other matters with respect to their respective agreements with the Loan Parties and their rights thereunder.</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NOW, THEREFORE, for the above reasons, in consideration of the mutual covenants herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1.</font></b><b><font size="1" style="font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><u><font size="2" style="font-size:10.0pt;font-weight:bold;">Definitions</font></u></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">.</font></b></