Consolidated Security Agreement definition

Consolidated Security Agreement dated May 31, 1995 between JMB LP and O&Y MFC, which Notes and Security Agreements have been assigned as of the date hereof to the General Partner (subject to the interest of the participant under a Participation Agreement of even date herewith) and are being amended and restated as of the date hereof pursuant to the Second Amended, Restated and Consolidated Promissory Note in the principal amount of $88,572,780 and the Second Amended, Restated and Consolidated Security Agreement.
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Consolidated Security Agreement has the meaning set forth in the Recitals hereto and is substantially in the format of Exhibit C to the Existing Credit Agreement.
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Consolidated Security Agreement means and refer solely to such agreements as entered into and in effect as of May 30, 2017 and shall expressly exclude any and all subsequent amendments, modifications restatements or replacements thereof.
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Examples of Consolidated Security Agreement in a sentence

  • The obligations of the Borrower under this Agreement are guaranteed by the Amended Guaranty Agreement and secured by the Consolidated Security Agreement.

  • In accordance with the Consolidated Security Agreement, the security interest granted thereunder shall be effective on the first to occur (i) the date on which a Senior Lender has provided financing to Purchaser as contemplated herein, (ii) the date on which Gulf Coast Bank has consented to Sellers second priority security interest in all of Purchasers tangible and intangible personal property, or (iii) the one hundred twentieth (120th) day after the Closing Date.

  • Borrower hereby acknowledges and agrees that such assets were transferred subject to the liens and security interests granted to the Agent which liens and security interests continue therein under the terms of the Consolidated Security Agreement.

  • In accordance with the Consolidated Security Agreement, Sellers security interest shall be subordinate in priority only to the interest of the Senior Lender, securing an amount not to exceed One Million Five Hundred Thousand Dollars ($1,500,000) (the "Senior Debt"), or (ii) if no Senior Lender is in place, Gulf Coast Bank.

  • The foregoing covenants regarding insurance are in addition to, and not intended to supersede, any and all covenants regarding insurance set forth in (i) the Amended and Restated Security Agreement executed by the Borrower in connection herewith; or (ii) the Amended, Restated and Consolidated Security Agreement executed by RTI and RTI Electronics in connection herewith (collectively, the "Security Agreements").