Common Contracts
1 similar Security Agreement contracts
SECURITY AGREEMENTSecurity Agreement • May 29th, 2019 • Georgia
As of the 29th day of May 2019, in consideration of the execution and delivery of that certain Debtor-in-Possession Credit Agreement of even date herewith (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) by and among AMERICAN HOME PRODUCTS LLC, a Delaware limited liability company, as Debtor-in- Possession (the “Debtor”), and THE LOUVER SHOP HOLDINGS, LLC, a Delaware limited liability company (the “Lender”), pursuant to which the Lender has agreed to make a DIP Loan (as defined in the Credit Agreement) to the Debtor, upon approval of the Credit Agreement by the United States Bankruptcy Court for the Northern District of Georgia, Debtor hereby unconditionally grants and assigns to the Lender to secure the prompt payment and performance in full when due, whether at stated maturity, by acceleration, by mandatory prepayment or otherwise, of the Obligations (as defined below), a continuing security interest and lien in and to (hereinafter
