Existing Grantors definition

Existing Grantors and each individually as an “Existing Guarantor” or “Existing Grantor”), Vapor Shark Miami, LLC, a Florida limited liability company (“VP Miami”), Vapor Shark Hallandale, LLC, a Florida limited liability company (“VP Hallandale”), Vapor Shark ▇▇▇▇▇▇▇, LLC, a Florida limited liability company (“▇▇ ▇▇▇▇▇▇▇”), Vapor Shark Pinecrest, LLC, a Florida limited liability company (“VP Pinecrest”), Vapor Shark Palmetto Bay, LLC, a Florida limited liability company (“VP Palmetto Bay”), Vapor Shark Flagami, LLC, a Florida limited liability company (“VP Flagami”), Vapor Shark Coral Springs, LLC (“VP Coral Springs” and together with VP Miami, VP Hallandale, VP Kendal, VP Pinecrest, VP Palmetto Bay, and VP Flagami, collectively, the “New Guarantors” and together with the Existing Guarantors, the “Guarantors”) and Fifth Third Bank, an Ohio banking corporation, as administrative agent (in such capacity, the “Administrative Agent”) for the Lenders and the other Secured Parties (as defined in the First Lien Guaranty and Security Agreement referred to below).

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Existing Grantors means Pattern US Finance Company LLC, Pattern Gulf Wind Equity LLC, Nevada Wind Holdings LLC, Santa ▇▇▇▇▇▇ Holdings LLC, Hatchet Ridge Holdings LLC, Ocotillo Wind Holdings LLC, Panhandle Wind Holdings LLC and Panhandle B Member 2 LLC.

Existing Grantors means, collectively, the Existing Guarantors and the Borrower.

Examples of Existing Grantors in a sentence

• The Borrower, the Original Administrative Agent, the Existing Grantors and the Debtors party hereto desire to amend and restate (but not novate) the Borrower Security Agreement and the Subsidiary Security Agreement.

• Each of the Existing Grantors hereby acknowledges and agrees to the Amended and Restated Credit Amendment, and further acknowledges and agrees that the Obligations under the Existing Credit Agreement, as amended by the Amended and Restated Credit Amendment, may be increased and that the Obligations thereunder and under the other Loan Documents remain in full force and effect as of the date hereof.

• Existing Grantors have advised ABL Agent and Term/Notes Agent of the acquisition by United Pet Group, Inc.

• Existing Grantors have advised ABL Agent and Term/Notes Agent of the acquisition by the Company, directly or indirectly, of all of the equity interests in New Grantors.

• The Existing Grantors, the Administrative Agent and the lenders party thereto as “Lenders” (each individually, a “Lender” and collectively, the “Lenders”) have previously entered into that certain Credit Agreement, dated as of March 2, 2015 (as amended, restated, supplemented, or otherwise modified from time to time in accordance with its terms, the “Credit Agreement”), pursuant to which the Lenders have made certain loans and financial accommodations available to the Borrower.

• Additionally, each of the Existing Grantors hereby consents to the amendment and restatement of the Existing Credit Agreement in the form of the Credit Agreement, and the various other amendments and modifications made to the other Loan Documents in connection therewith as of the date hereof.

• The undersigned and the Existing Grantors agree that Exhibit A attached to this Amendment shall replace the corresponding exhibits in the Security Agreement and that the perfection certificate attached to this Amendment shall replace the Perfection Certificate referenced in the Security Agreement.

• First Lien Guaranty and Security Agreement dated as of February 17, 2017, by and among the Existing Grantors, Existing Guarantors, and the Administrative Agent, for the benefit of the Secured Parties.

• The Existing Grantors acknowledge and agree that, after giving effect to this Agreement, the security interests granted in the Existing Pledge and Security Agreement shall be continuing Liens for the benefit of Royal Bank of Canada, as Collateral Agent for the Secured Parties.

• Second Lien Guaranty and Security Agreement dated as of February 17, 2017, by and among the Existing Grantors, Existing Guarantors, and the Administrative Agent, for the benefit of the Secured Parties.

More Definitions of Existing Grantors

Existing Grantors means, collectively, the Borrower and each Subsidiary that is, or becomes, party to the Collateral Agreement.

Existing Grantors shall have the meaning assigned thereto in the statement of purpose.

Existing Grantors is defined in the recitals.

Existing Grantors shall have the meaning set forth in the recitals.