Backup Security Agreement definition

Backup Security Agreement means that certain Backup Security Agreement dated as of April 1, 1997, among WOFCO, the Grantor, the Trustee on behalf of the Trust, the Transferor, and the Securitization Trustee on behalf of the Securitization Trust.
Sample 1

Examples of Backup Security Agreement in a sentence

  • The Beneficiary hereby directs the Trustee to enter into the Backup Security Agreement as a protective device.

  • The Indenture Trustee agrees to comply with all of the provisions of and to perform all of the obligations under the Trust Agreement, the Servicing Agreement, the SUBI Supplement, the Servicing Supplement and the Backup Security Agreement required to be complied with or performed by the Indenture Trustee, whether or not the Indenture Trustee is expressly a party thereto.

  • The Indenture Trustee may, and when required by the provisions of this Indenture or the Transaction Documents shall, execute instruments to release property from the lien of this Indenture and the Backup Security Agreement, or convey the Indenture Trustee's interest in the same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture.

  • Such Opinions of Counsel shall also describe the recording, filing, re-recording and re-filing of this Indenture, any indentures supplemental hereto and any other requisite documents and the execution and filing of any financing statements and continuation statements that will, in the opinion of such counsel, be required to maintain the Liens and security interests of this Indenture and the Backup Security Agreement until November 15 in the following calendar year.

  • The Indenture Trustee shall, at such time as there are no Notes outstanding, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture, release to Issuer or any other Person entitled thereto any funds then on deposit in the Accounts and release any property subject to the lien of the Backup Security Agreement.

  • In all circumstances other than the foregoing, the Indenture Trustee shall release property from the lien of this Indenture and the Backup Security Agreement pursuant to this paragraph only upon receipt of an Issuer Request accompanied by an Officer's Certificate, an Opinion of Counsel and (if required by the TIA) a certificate or opinion of an Independent appraiser in accordance with TIA Sections 314(c) and 314(d)(1), in each case meeting any applicable requirements of Section 11.1.

  • In particular, but without limitation of subparagraphs (a) and (b), it is understood that the Servicer shall have the authority to sell and/or reallocate out of the 1998-A SUBI free and clear of any Lien under this Indenture and the Backup Security Agreement, 1998-A SUBI Assets in accordance with the provisions of the Transaction Documents.

  • Prior to the transfer pursuant to this 1999-A Securitization Trust Agreement, each of HTC LP and HTD LP, respectively, had good title to, and was the sole legal and beneficial owner of, the HTC LP 1999-A SUBI Certificate and the HTD LP 1999-A SUBI Certificate, respectively, free and clear of Liens, except as provided for in the Backup Security Agreement.

  • The 1999-A Indenture Trustee agrees to comply with all of the provisions of and to perform all of the obligations under the Origination Trust Agreement, the Servicing Agreement, the 1999-A SUBI Supplement, the 1999-A Servicing Supplement, the Backup Security Agreement and each other 1999-A Securitization Document required to be complied with or performed by the 1999-A Indenture Trustee, whether or not the 1999-A Indenture Trustee is expressly a party thereto.

  • In all circumstances other than the foregoing, the Indenture Trustee shall release property from the lien of this Indenture and the Backup Security Agreement pursuant to this paragraph only upon receipt of an Issuer Request accompanied by an Officer's Certificate, an Opinion of Counsel and (if required by the TIA) a certificate or opinion of an Independent appraiser in accordance with TIA ss.ss.

Related to Backup Security Agreement

  • IP Security Agreement is that certain Intellectual Property Security Agreement executed and delivered by Borrower to Collateral Agent and dated as of the Effective Date, as may be amended, restated, or otherwise modified or supplemented from time to time.

  • First Lien Security Agreement means the “Security Agreement” as defined in the First Lien Credit Agreement.

  • UK Security Agreement means each of the security documents expressed to be governed by the laws of England (as modified, supplemented, amended or amended and restated from time to time) covering certain of such UK Loan Party’s present and future UK Collateral.

  • Second Lien Security Agreement means the Second Lien Security Agreement, dated as of the date hereof, among the Initial Borrower, the Parent Borrower, certain Subsidiaries of the Parent Borrower from time to time party thereto and the Second Lien Notes Collateral Agent, as amended, restated, waived, restructured, renewed, extended, supplemented or otherwise modified from time to time or as replaced in connection with any Refinancing, extension, refunding or replacement of the Second Lien Notes Indenture.

  • U.S. Security Agreement means that certain Security Agreement, dated as of the Original Effective Date (as amended, amended and restated, supplemented or otherwise modified from time to time), between the U.S. Loan Parties and the Administrative Agent, for the benefit of the Administrative Agent, and the other Lender Parties, and any other pledge or security agreement entered into, after the Original Effective Date by any other U.S. Loan Party (as required by this Agreement or any other Loan Document).

  • Security Agreement With respect to a Cooperative Loan, the agreement creating a security interest in favor of the originator in the related Cooperative Stock.

  • Company Security Agreement means the Company Security Agreement executed and delivered by Company on the Closing Date, substantially in the form of Exhibit XIV annexed hereto, as such Company Security Agreement may thereafter be amended, supplemented or otherwise modified from time to time.

  • Trademark Security Agreement means each Trademark Security Agreement executed and delivered by Grantors, or any of them, and Agent, in substantially the form of Exhibit D.

  • Canadian Security Agreement means that certain Security Agreement, dated as of the Original Effective Date (as amended, amended and restated, supplemented or otherwise modified from time to time), between the Canadian Loan Parties and the Administrative Agent, for the benefit of the Administrative Agent, and the other Lender Parties, and any other pledge or security agreement entered into, after the Original Effective Date by any other Canadian Loan Party (as required by this Agreement or any other Loan Document).

  • IP Security Agreements means the Copyright Security Agreement, the Trademark Security Agreement and the Patent Security Agreement.

  • Guarantor Security Agreement means any security agreement executed by any Guarantor in favor of Agent securing the Obligations or the Guaranty of such Guarantor, in form and substance satisfactory to Agent.

  • IP Security Agreement Supplement has the meaning specified in the Security Agreement.

  • Guaranty and Security Agreement means a guaranty and security agreement, dated as of even date with this Agreement, in form and substance reasonably satisfactory to Agent, executed and delivered by each of the Loan Parties to Agent.

  • Loan and Security Agreement “thereunder”, “thereof” or similar words referring to the Loan Agreement shall mean and be a reference to this Agreement and (b) each reference in the Financing Agreements to a “Note” or “Revolving Credit Note” shall mean and be a Revolving Credit Note as defined in this Agreement.

  • Borrower Security Agreement means the Security Agreement, dated as of the date hereof, between Borrower and the Agent.

  • Canadian Security Agreements means, collectively, those certain Amended and Restated Security Agreements, dated as of the Restatement Date, and those certain deeds of movable hypothec dated on or about the Restatement Date, made by the Canadian Credit Parties party thereto in favor of Agent, on behalf of itself and for the benefit of the Secured Parties, as amended, restated, supplemented or otherwise modified from time to time.

  • Trademark Security Agreements means the Trademark Security Agreements made in favor of Agent, on behalf of Lenders, by each applicable Credit Party.

  • Subsidiary Security Agreement each Security Agreement made by each of the Subsidiary Guarantors (including any security agreement executed and delivered pursuant to subsection 8.17) in favor of the Administrative Agent for the benefit of the Lenders, substantially in the form of Exhibit K hereto, as the same may be amended, supplemented or otherwise modified from time to time.

  • Pledge and Security Agreement means the Pledge and Security Agreement to be executed by Company and each Guarantor substantially in the form of Exhibit I, as it may be amended, supplemented or otherwise modified from time to time.

  • Security Agreement Supplement has the meaning specified in the Security Agreement.

  • Security Agreements means the Borrower Security Agreement and the Subsidiary Security Agreement.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • Copyright Security Agreement means each Copyright Security Agreement executed and delivered by Grantors, or any of them, and Agent, in substantially the form of Exhibit A.

  • Collateral Agency Agreement means that certain Collateral Agency Agreement, dated as of the Issue Date, made by and among the Issuers, the other Grantors, the Trustee, the Collateral Agent and each other Secured Debt Representative, as amended, modified, renewed, restated or replaced, in whole or in part, from time to time, in accordance with its terms.

  • Intellectual Property Security Agreement Supplement has the meaning specified in the Security Agreement.

  • General Security Agreement means the general security agreement dated on or about the date hereof given by Borrower in favour of Lender in respect of the Obligations.