Common use of Existing Collateral Clause in Contracts

Existing Collateral. The Borrower hereby acknowledges and agrees that all security interests granted by the Borrower and others to secure the indebtedness under the Existing Credit Agreement secures the Indebtedness under this Agreement, the Indenture Obligations and the Term Loan Obligations.

Appears in 1 contract

Sources: Credit Agreement (Piccadilly Cafeterias Inc)

Existing Collateral. The Borrower hereby acknowledges and agrees that all security interests granted by the Borrower and others to secure the indebtedness under the Existing Prior Credit Agreement secures the Indebtedness Obligations under this Agreement, the Indenture Obligations Documents and the Hibernia Term Loan ObligationsAgreement.

Appears in 1 contract

Sources: Credit Agreement (Piccadilly Cafeterias Inc)

Existing Collateral. The Borrower hereby acknowledges and agrees that all security interests granted by the Borrower and others its Subsidiaries to secure the indebtedness Indebtedness under the Existing Credit Agreement Indenture secures the Indebtedness Obligations under this Agreement, the Indenture Obligations and the Term Loan Obligations.

Appears in 1 contract

Sources: Loan and Security Agreement (New World Restaurant Group Inc)