Security for the Credit Facility. As security for the due and punctual payment and performance of the terms and provisions of this Credit Agreement, the Notes and all of the other Loan Documents, the Security Documentation shall be executed and delivered, as of the Closing Date, by the respective parties to each of the Security Documentation.
Security for the Credit Facility. As security for the due and punctual payment and performance of the terms and provisions of this Credit Agreement, the Notes and all of the other Security Documentation shall be executed and delivered to Agent Bank, as of the Closing Date, by the respective parties to each of the Security Documentation and recorded and/or filed in each applicable jurisdiction as required by the Closing Instructions. The Security Documentation shall be subordinate to the Senior Indenture Security Documents with respect to the Senior Indenture Collateral until the Senior Indenture Security Documents are terminated and released.
Security for the Credit Facility. To secure the payment of the debts, liabilities and obligations of Borrower (whether now existing or hereafter incurred or arising) under the Note, the obligations of Borrower (whether now existing or hereafter incurred or arising) evidenced by or arising under this Agreement and all obligations (whether now existing or hereafter incurred or arising) of Borrower to Bank contained in the other Loan Documents (as hereinafter defined), whether direct or indirect, absolute or contingent (hereinafter collectively called the “Liabilities”), Borrower is executing and delivering to Bank one or more Assignments of Accounts whereby Borrower grants to Bank a security interest in certain accounts of Borrower at Bank or at affiliates of Bank (each such Assignments of Account and all amendments and/or modifications thereof being herein called the “Deposit Account Pledge”) and Borrower is executing and delivering to Bank a Fifth Amended and Restated Assignment Agreement whereby Borrower assigns to Bank certain rights of Borrower with respect to certain contract documents described therein (such Fifth Amended and Restated Assignment Agreement and all amendments and modifications thereof being herein called the “Assignment of Agreements”).
Security for the Credit Facility. As security for the Credit Facility and the borrowings under this Agreement with respect thereto: (a) Borrower has granted unto and in favor of Banks a first mortgage lien upon certain real property situated in Houma, Terrebonne Parish, Louisiana, evidenced by:
Security for the Credit Facility. As security for the due and punctual payment and performance of the terms and provisions of this Credit Agreement, the Revolving Credit Note and all of the other Loan Documents, the Security Documentation shall be executed and delivered to Lender, as of the Closing Date, by the respective parties thereto. The Collateral Guarantor hereby acknowledges that it will receive direct economic benefits from the Credit Facility as the owner of the FPG Real Property and FPG FF&E and agrees to execute the Security Documentation, as required by Lender, for the purpose of encumbering all of its right, title and interest in and to the FPG FF&E and other Collateral therein described as security for repayment of the Credit Facility. The Collateral Guarantor further acknowledges that but for its agreement to encumber all of its right, title and interest in and to the FPG FF&E and other Collateral as described in the Security Documentation, Lender would not establish the Credit Facility in favor of Borrower nor advance any Borrowings hereunder.
