Revolving Security Agreement definition
Examples of Revolving Security Agreement in a sentence
Each of the New Grantors hereby represents and warrants that this Supplement has been duly authorized, executed and delivered by it and that this Supplement and the Revolving Security Agreement constitute the legal, valid and binding obligation of each of the New Grantors, enforceable against it in accordance with its terms.
All capitalized terms used herein without definition shall have the respective meanings ascribed to them in the Revolving Credit Agreement and the Revolving Security Agreement.
In the event of any conflict between the terms of the Intercreditor Agreement and the terms of this Agreement, the terms of the Intercreditor Agreement shall govern and control.” The parties hereto hereby acknowledge that Section 26 of the Notes Pledge Agreement, Section 7.15 of the Notes Security Agreement, Section 26 of the US Revolving Pledge Agreement and Section 7.15 of the US Revolving Security Agreement, each as in effect as of the date hereof, comply with the requirements of this Section 5.3(d).
The Equipment Loan referred to in Section 6.4 of the Revolving Loan Agreement has been terminated effective as of March 31, 2013, and, therefore, all references to such Equipment Loan and the related loan documents executed in connection therewith are hereby deleted from the Revolving Loan Agreement, the Revolving Security Agreement and all other Loan Documents.
As security for the Obligations, as defined herein, the Secured Party shall have a valid, perfected first lien on and security interest in those assets of the Company specified in the Revolving Security Agreement of even date between the Company and the Secured Party and all Schedule A's attached to the Revolving Security Agreement now or at any time in the future pursuant to the terms thereof (as amended and supplemented, the "Security Agreement").
Grantor hereby acknowledges and affirms that the rights and remedies of Revolving Collateral Agent with respect to the security interest in the Copyright Collateral made and granted hereby are more fully set forth in the Revolving Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein.
Mortgagor will keep or cause to be kept the Improvements and Personal Property insured against such risks, and in the manner, described in the Revolving Security Agreement and shall purchase such additional insurance as may be required from time to time pursuant to the Revolving Credit Agreement.
The security interests granted pursuant to this Trademark Security Agreement are granted in furtherance, not in limitation, of the security interests granted to the Revolving Collateral Agent, for the benefit of the Revolving Secured Parties, pursuant to the Revolving Security Agreement.
Notwithstanding anything to the contrary contained in this Section 4.4.4(b)(i), to the extent that any such Investment Related Property constitutes Revolving Priority Collateral, prior to the Discharge of Revolving Obligations, each applicable Grantor shall satisfy the requirements of this subsection by establishing the control of the Revolving Collateral Agent over such Investment Account in accordance with the terms of the Revolving Security Agreement and the Intercreditor Agreement.
The security interests granted pursuant to this Copyright Security Agreement are granted in furtherance, not in limitation, of the security interests granted to the Revolving Collateral Agent, for the benefit of the Revolving Secured Parties, pursuant to the Revolving Security Agreement.