Common use of Entire Agreement; Amendment and Restatement Clause in Contracts

Entire Agreement; Amendment and Restatement. This Security Agreement together with the other Loan Documents embodies the entire agreement and understanding between the Grantors and the Administrative Agent relating to the Collateral and supersedes all prior agreements and understandings between the Grantors and the Administrative Agent relating to the Collateral. This Security Agreement amends and restates in its entirety the Prior Security Agreement. The execution of this Security Agreement does not extinguish the Liens created under the Prior Security Agreement nor does it constitute a novation with respect to such Liens, which Liens are continued hereunder.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Smithfield Foods Inc), Pledge and Security Agreement (Smithfield Foods Inc)

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Entire Agreement; Amendment and Restatement. This Security Agreement together with and the other Loan Documents embodies embody the entire agreement and understanding between the Grantors and the Administrative Agent relating to the Collateral and supersedes all prior agreements and understandings between the Grantors and the Administrative Agent relating to the Collateral. This If a Grantor has an existing Pledge and Security Agreement in favor of the Administrative Agent securing the Secured Obligations, this Security Agreement amends and, as so amended, restates and restates replaces in its entirety the Prior Security Agreement. The execution of this such Pledge and Security Agreement does not extinguish from such Grantor in favor of the Liens created under the Prior Security Agreement nor does it constitute a novation with respect to such Liens, which Liens are continued hereunderAdministrative Agent.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Escalade Inc), Pledge and Security Agreement (Escalade Inc)

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