EX-10.5 7 dex105.htm FORM OF AMENDED AND RESTATED SECURITY AGREEMENT-RIGHTS TO PAYMENT AND INVENTORY AMENDED AND RESTATED CONTINUING SECURITY AGREEMENT RIGHTS TO PAYMENT AND INVENTORYWorld of Jeans And • May 5th, 2020 • California
WORLD OF JEANS AND TOPS (“Debtor”) and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Bank”) are parties to that certain Continuing Security Agreement - Rights to Payment and Inventory, dated as of August 1, 2010 (the “Existing Security Agreement”). The Existing Security Agreement secures Debtor’s obligations to Bank under the terms of that certain Credit Agreement dated as of May 1, 2003, as amended and restated by that certain Amended and Restated Credit Agreement dated as of the date hereof (and as it may hereafter be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) pursuant to which Bank has made a loan or loans and other financial accommodations to Debtor. As a condition to Bank’s continuing to provide financial accommodations to Debtor pursuant to the Credit Agreement, Bank has requested, and Debtor has agreed, to amend and restate the terms of the Existing Security Agreement in its entirety pursuant to the terms of this Agreement, as set
