Existing Security Agreement definition

Existing Security Agreement has the meaning set forth in the recitals hereto.

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Existing Security Agreement means the “Security Agreement” as defined in the Existing Credit Agreement.

Existing Security Agreement has the meaning assigned to such term in the recitals of this Agreement.

Examples of Existing Security Agreement in a sentence

• All Liens and security interests created pursuant to the Existing Security Agreement are hereby ratified, confirmed, renewed, extended, brought forward, consolidated and rearranged as security for the Secured Obligations, in addition to and cumulative of the Liens and security interests of this A&R Security Agreement, and the parties hereto acknowledge that such Liens and security interests shall continue to exist under and be evidenced by this A&R Security Agreement.

• It is the intention of the parties hereto, and each party hereto acknowledges and agrees, that this A&R Security Agreement shall not constitute a novation of any rights or obligations of any party under the Existing Security Agreement for the purpose of any applicable law.

• The Company and the Secured Party acknowledge that, upon the execution and delivery of this A&R Security Agreement, the terms and conditions of the Existing Security Agreement shall be and hereby are amended, superseded and restated in their entirety by the terms and provisions of this A&R Security Agreement.

More Definitions of Existing Security Agreement

Existing Security Agreement shall have the meaning set forth in the recitals of this Security Agreement.

Existing Security Agreement is defined in the first recital.

Existing Security Agreement shall have the meaning set forth in Recital B.

Existing Security Agreement is defined in the second recital.

Existing Security Agreement means the Security Agreement dated December 30, 2020, among the Borrower, the Guarantors listed on the signature pages to the Reaffirmation and Omnibus Amendment Agreement as Grantors, and the Collateral Agent, as amended and restated by that certain Amended and Restated Security Agreement dated as of the First Restatement Effective Date and as the same may be further amended, restated, amended and restated, supplemented, or otherwise modified in accordance with the terms hereof and of the Pari Passu Intercreditor Agreement.

Existing Security Agreement is defined in the recitals.

Existing Security Agreement means the Security Agreement dated December 30, 2020 among Airspan and certain subsidiaries of Airspan as Grantors, and the Collateral Agent, as in effect immediately prior to the Closing Date, as the same may be amended and restated, supplemented, or otherwise modified in accordance with the terms hereof and of the Intercreditor Agreement.