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

• Schedule 2.03 to the Perfection Certificate lists all warehouse locations with respect to which the Grantors are required to deliver Collateral Access Agreements as of the Restatement Effective Date (including those previously delivered pursuant to the Existing Security Agreement).

• This Agreement is an amendment and restatement of the Existing Security Agreement.

• Each Grantor was as of the date of the Existing Security Agreement and is as of the date hereof, and, as to Collateral acquired by it from time to time after the date hereof, such Grantor will be, the sole direct and beneficial owner of all Collateral pledged by it hereunder free from any Lien or other right, title or interest of any Person other than the Liens and security interest created by this Agreement or the Existing Security Agreement and Permitted Encumbrances.

• The security interest granted under the Existing Security Agreement and hereunder constitutes (a) a legal and valid security interest in all of the Collateral securing the payment and performance of the Secured Obligations, and (b) subject to the filings described in Section 3.3 above, a perfected security interest in all of the Collateral, to the extent that perfection of such security interest can be achieved by filings or recordings in the relevant jurisdiction.

• Each Grantor has good and valid rights in, and title to, the Collateral with respect to which it has purported to grant a Security Interest hereunder and under the Existing Security Agreement.

More Definitions of Existing Security Agreement

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

Existing Security Agreement is defined in the first recital.

Existing Security Agreement is defined in the second recital.

Existing Security Agreement means that certain Amended and Restated Security Agreement dated as of July 18, 2017 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.