Definition of Parent Guarantor Security Agreement


Parent Guarantor Security Agreement means a security agreement, in form and substance satisfactory to Administrative Agent, dated as of the Effective Date, between Parent Guarantor and Administrative Agent, pursuant to which Parent Guarantor grants and pledges to Administrative Agent a Lien upon all of Parent Guarantor's "Collateral" (as if Parent Guarantor were a party hereto).
Sample 1

Examples of Parent Guarantor Security Agreement in a sentence

In connection with the Existing Credit Agreement, the Parent Guarantor and the Agent entered into that certain Guarantor Security Agreement dated as of August 23, 1996 (as amended, supplemented, or otherwise modified through the date hereof, the "Existing Parent Guarantor Security Agreement").