Second Priority Security Agreement definition

Second Priority Security Agreement shall have the meaning assigned to such term in the preliminary statement of this Agreement.

Second Priority Security Agreement means the Security Agreement, dated as of May 11, 2021, by and among the Company, the Subsidiaries of the Company that are guarantors party thereto in favor of the Second Priority Collateral Agent, as amended or supplemented from time to time in accordance with its terms.

Second Priority Security Agreement means that certain Second Priority Security Agreement dated as of the date hereof among the Second Priority Collateral Agent, Holdco and certain of its Subsidiaries, as from time to time amended, restated, amended and restated, modified or supplemented.

Examples of Second Priority Security Agreement in a sentence

• Capitalized terms used in this Agreement and not otherwise defined herein shall, except to the extent the context otherwise requires, have the meanings set forth in the Second Priority Debt Agreement (as in effect on the date hereof) or the Second Priority Security Agreement (as in effect on the date hereof), as applicable.

• Each Collateral Agent represents and warrants to the other parties hereto that it has been authorized by the Secured Parties under and as defined in the First Priority Debt Agreement or the Second Priority Security Agreement, as applicable, to enter into this Agreement.

• Following the occurrence of the Senior Obligation Payment Date, all amounts in the Concentration Accounts and the Collateral Accounts established under the Senior Security Agreement shall be transferred to Concentration Accounts and Collateral Accounts established in accordance with the provisions of the Second Priority Security Agreement and such accounts shall thereafter be maintained and all amounts therein shall be applied in accordance with the provisions of the Second Priority Security Agreement.

• Each Collateral Agent represents and warrants to the other parties hereto that it has been authorized or directed by the Secured Parties under and as defined in the First Priority Debt Agreement or the Second Priority Security Agreement, as applicable, to enter into this Agreement.

• This opinion is being furnished to you pursuant to Section 10 of the Second Priority Security Agreement and Section 8.04 of that certain Indenture (the “Indenture”) dated as of June 6, 2008 among the Company, the guarantors names therein and the Trustee.

More Definitions of Second Priority Security Agreement

Second Priority Security Agreement means the Collateral Agreement, dated as of June 19, 2003, among the Company, the other Grantors and the Trustee.

Second Priority Security Agreement means the "Security Agreement", as defined in the Second Priority Credit Agreement.

Second Priority Security Agreement shall be deemed to refer to the First Priority Security Agreement. "Second Priority Senior Secured Indebtedness" shall be deemed to refer to First Priority Senior Secured Indebtedness.

Second Priority Security Agreement shall have the meaning assigned to such term in Recital F.

Second Priority Security Agreement means the Security Agreement dated as of June 20, 2012 among the Company, each other pledgor party thereto and the Wilmington Trust (London) Limited, as successor security trustee for the Second-Priority Secured Parties, as amended, supplemented or modified from time to time.

Second Priority Security Agreement shall have the meaning set forth in the Recitals hereto.

Second Priority Security Agreement means that certain collateral agreement, dated as of the Issue Date, between the Issuers, the Subsidiary Guarantors party thereto and the Second-Priority Collateral Agent, as amended, supplemented, restated, renewed, refunded, replaced, restructured, repaid, refinanced or otherwise modified from time to time.