Examples of Lender Security Agreement in a sentence
Except as specifically modified or amended hereby, the Note and the Lender Security Agreement shall continue in full force and effect in accordance with their terms.
The Bank One Security Interest shall be and remain at all times a lien or charge on the Residual Interest, prior and superior to the lien or charge of Lender under the Lender Security Agreement.
Each Grantor will furnish to the Trustee from time to time statements and schedules further identifying and describing the Collateral of such Grantor and such other reports in connection with such Collateral as such Grantor shall deliver to the Collateral Agent under the Lender Security Agreement.
Upon receipt of an affidavit of an officer of Lender as to the loss, theft, destruction or mutilation hereof, the Note or the Lender Security Agreement, and, in the case of any such loss, theft, destruction or mutilation, upon surrender and cancellation thereof, the Borrower will issue, in lieu thereof, a replacement thereof of like tenor.
The security interest in the Collateral granted pursuant to the preceding sentence shall be subordinate to the security interest of the Subordinate Lender in the Membership Interests and the proceeds thereof (the "Subordinate Lender Security Interest") granted by the Investor to the Subordinate Lender pursuant to the Security Agreement - Pledge and Assignment of Membership Interests dated as of the date hereof (the "Subordinate Lender Security Agreement") between the Investor and the Subordinate Lender.