Existing Security Agreement definition

Existing Security Agreement shall have the meaning set forth in the recitals.

Existing Security Agreement has the meaning assigned to such term in the recitals of this Agreement.

Existing Security Agreement means the “Security Agreement” as defined in the Existing Credit Agreement.

Examples of Existing Security Agreement in a sentence

• Administrative Agent and the Lenders are willing to amend the Existing Credit Agreement and the Existing Security Agreement pursuant to the terms and conditions set forth herein.

• The Existing Security Agreement and the Existing Loan Agreement shall be amended as necessary to implement the cross-collateralization described in Section 11.

• The Borrowers have further requested that Administrative Agent and the Lenders amend the Existing Credit Agreement and the Existing Security Agreement.

• Each Borrower is entering into this Amendment with the understanding and agreement that, except as specifically provided herein, none of Administrative Agent’s or any Lender’s rights or remedies as set forth in the Existing Credit Agreement, the Existing Security Agreement and the other Loan Documents are being waived or modified by the terms of this Amendment.

• Except as specifically amended by Section 1 and Section 2 of this Amendment, the Existing Credit Agreement, the Existing Security Agreement and all other Loan Documents are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed and shall constitute the legal, valid, binding and enforceable obligations of the Borrowers to Administrative Agent and the Lenders without defense, offset, claim, or contribution.

More Definitions of Existing Security Agreement

Existing Security Agreement is defined in the first recital.

Existing Security Agreement shall have the meaning shall have the meaning assigned to such term in the Recitals hereto.

Existing Security Agreement is defined in the second recital.

Existing Security Agreement means that certain Security Agreement dated as of November 19, 2015 among the Loan Parties and the Administrative Agent, as the same has been amended, modified or otherwise supplemented prior to the date hereof.

Existing Security Agreement has the meaning specified therefor in the recitals to this Agreement.

Existing Security Agreement means the Security Agreement dated December 30, 2020, among the Borrower, the Guarantors listed on the signature pages to the Reaffirmation and Omnibus Amendment Agreement as Grantors, and the Collateral Agent, as amended and restated by that certain Amended and Restated Security Agreement dated as of the First Restatement Effective Date and as the same may be further amended, restated, amended and restated, supplemented, or otherwise modified in accordance with the terms hereof and of the Pari Passu Intercreditor Agreement.

Existing Security Agreement means the Security Agreement dated December 30, 2020 among Airspan and certain subsidiaries of Airspan as Grantors, and the Collateral Agent, as in effect immediately prior to the Closing Date, as the same may be amended and restated, supplemented, or otherwise modified in accordance with the terms hereof and of the Intercreditor Agreement.