Original Security definition
Examples of Original Security in a sentence
This Agreement amends and restates the Original Security Agreement.
All of the terms and provisions of the Original Security Documents are hereby confirmed and ratified in all respects, except as specifically modified herein.
It is understood and agreed that the Original Security Agreement is being amended and restated by entry into this Agreement on the date hereof.
This Agreement constitutes an amendment and restatement of the Original Security Agreement effective from and after the Closing Date.
The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby are not intended by the parties to be, and shall not constitute, a novation or an accord and satisfaction of the Obligations or any other obligations owing to Agent or the Lenders under the Original Security Agreement, Original Credit Agreement or any other loan document executed in connection therewith.
This Agreement shall supersede the Original Security Agreement on the date hereof.
Section 10 of the Original Security Agreement is hereby amended by deleting from the first sentence thereof the word “they” and substituting in place thereof the phrase “the Agent or any Holder may”.
The miscellaneous provisions of Section 23 of the Original Security Agreement are incorporated by reference herein with the same force and effect as though fully set forth herein and made applicable to this Amendment, except to the extent that any provision thereof has been expressly waived or amended hereby.
This Security Agreement amends and restates all of the terms and conditions of the Original Security Agreement and nothing contained herein shall be construed as a novation thereof.
This Agreement supersedes and replaces the Original Security Agreement.