SECURED. The Credit Facility and the Notes issued pursuant to the Credit Facility shall be secured by the assets of Borrower pursuant to the Security Agreement between the Borrower and Lender and shall have priority over all other interests granted by Borrower, except as in existence on the date hereof in connection with lines of credit obtained by Borrower from institutional lenders acceptable to Lender.
Appears in 2 contracts
Sources: Stand by Credit Agreement (Vendingdata Corp), Stand by Credit Agreement (Vendingdata Corp)