SEC Contract Filing

Filing Date: 2019-08-23

Document Content:
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<TYPE>EX-10.2
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<FILENAME>d787179dex102.htm
<DESCRIPTION>EX-10.2
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>EXECUTION VERSION </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">FIRST
LIEN INTERCREDITOR AGREEMENT </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">among </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">CLEAR CHANNEL OUTDOOR HOLDINGS, INC., </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">as Borrower </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">AND </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">THE OTHER SUBSIDIARIES OF THE BORROWER FROM TIME TO TIME PARTY </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">HERETO </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">DEUTSCHE BANK AG NEW YORK
BRANCH, </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">as Administrative Agent and Collateral Agent for the Credit Agreement Secured Parties, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">U.S. BANK NATIONAL ASSOCIATION, </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">as Notes Collateral Agent, as the Additional Collateral Agent and as the Notes Trustee </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">each additional Authorized
Representative from time to time party hereto </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">dated as of August&nbsp;23, 2019 </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">FIRST LIEN INTERCREDITOR AGREEMENT, dated as of August&nbsp;23, 2019 (as amended, restated,
amended and restated, extended, supplemented or otherwise modified from time to time, this &#147;<U>Agreement</U>&#148;), among Clear Channel Outdoor Holdings, Inc., a Delaware corporation (the &#147;<U>Company</U>&#148; or the
&#147;<U>Borrower</U>&#148;), the other Grantors from time to time party hereto and Deutsche Bank AG New York Branch, as collateral agent for the Credit Agreement Secured Parties (as defined below) (in such capacity and together with its successors
in such capacity, the &#147;<U>Credit Agreement Collateral Agent</U>&#148;), Deutsche Bank AG New York Branch, as Administrative Agent and Authorized Representative for the Credit Agreement Secured Parties (as each such term is defined below), U.S.
Bank National Association, in its capacity as &#147;Notes Collateral Agent&#148; under the Indenture (as defined below), as the Additional Collateral Agent (as defined below) (in such capacity, the &#147;<U>Notes Collateral Agent</U>&#148;), U.S.
Bank National Association, in its capacity as &#147;Trustee&#148; under the Indenture, as Authorized Representative for the Notes Secured Parties (in such capacity and together with its successors in such capacity, the &#147;<U>Notes
Trustee</U>&#148;), and each additional Authorized Representative from time to time party hereto for the other Additional Secured Parties of the Series (as defined below) with respect to which it is acting in such capacity. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In consideration of the mutual agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, Credit Agreement Collateral Agent, the Administrative Agent (for itself and on behalf of the Credit Agreement Secured Parties), the Notes Trustee (for itself and on behalf of the Notes Secured Parties), the Notes Collateral
Agent and each additional Authorized Representative (for itself and on behalf of the Additional Secured Parties of the applicable Series) agree as follows: </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE I </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>Definitions
</U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION 1.01 &nbsp;&nbsp;&nbsp;&nbsp;<U>Certain Defined Terms</U>. Capitalized terms used but not otherwise defined herein have the
meanings set forth in the Credit Agreement or, if defined in the New York UCC, the meanings specified therein. As used in this Agreement, the following terms have the meanings specified below: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>ABL Agent</U>&#148; has the meaning assigned to such term in the ABL Intercreditor Agreement. </P>
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