Common use of Existing Security Documents Clause in Contracts

Existing Security Documents. (i) Except to the extent heretofore released, each of the Subsidiary Guaranties, Security Agreements and Pledge Agreements executed and delivered pursuant to the Original Credit Agreement, as amended and restated prior to the Second Restatement Effective Date or required to be executed and delivered on the Second Restatement Effective Date by the terms of this Agreement shall be in full force and effect on the Second Restatement Effective Date, (ii) the security interests and Liens granted to the Collateral Agent pursuant to such Security Documents shall continue in full force and effect (except to the extent heretofore released) and shall inure to the benefit of the Secured Parties, (iii) no filings, recordings, registrations or other actions shall be necessary or desirable to maintain the perfection and priority of the security interests granted pursuant thereto in the Collateral covered thereby and (iv) each of the Credit Parties (other than the Borrower) shall have executed and delivered a Confirmation and Ratification Agreement in the form of Exhibit F;

Appears in 1 contract

Sources: Credit Agreement (Interlake Corp)

Existing Security Documents. (i) Except to the extent heretofore released, each of the Subsidiary Guaranties, Security Agreements and Pledge Agreements executed and delivered pursuant to the Original Credit Agreement, as amended and restated prior to the Second Third Restatement Effective Date or required to be executed and delivered on the Second Third Restatement Effective Date by the terms of this Agreement shall be in full force and effect on the Second Third Restatement Effective Date, (ii) the security interests and Liens granted to the Collateral Agent pursuant to such Security Documents shall continue in full force and effect (except to the extent heretofore released) and shall inure to the benefit of the Secured Parties, (iii) no filings, recordings, registrations or other actions shall be necessary or desirable to maintain the perfection and priority of the security interests granted pursuant thereto in the Collateral covered thereby and (iv) each of the Credit Parties (other than the Borrower) shall have executed and delivered a Confirmation Consent and Ratification Agreement Reaffirmation in the form of Exhibit FE;

Appears in 1 contract

Sources: Credit Agreement (Interlake Corp)