Second Security Agreement definition

Second Security Agreement. (collectively, the "Security Agreements") granting to the Collateral Trust a present and continuing security interest in certain insurance proceeds; and

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Second Security Agreement means the Second Security Agreement with respect to the Project, of even date herewith, executed by the Company, as debtor, in favor of the Bank, as secured party;

Second Security Agreement means each of:

Examples of Second Security Agreement in a sentence

• It is declared and agreed by each of the parties that the Amended and Restated Security Agreement, as amended by the First Security Agreement Amendment and this Second Security Agreement Amendment shall continue in full force and effect, and that the Amended and Restated Security Agreement, the First Security Agreement Amendment and this Second Security Agreement Amendment shall be read and construed as one instrument.

• Delivery of an executed counterpart of a signature page to this Second Security Agreement Amendment by telecopy or electronic scan shall be effective as delivery of a manually executed counterpart of this Second Security Agreement Amendment.

• TO EVIDENCE THEIR AGREEMENT each of the parties has executed this Second Security Agreement Amendment on the respective dates appearing below.

• All other rules of interpretation set forth in Section 1.05 of the Subordinated Credit Agreement shall apply to this Second Security Agreement and are hereby incorporated herein by reference.

• No effective financing statement or other instrument similar in effect covering all or any part of the Collateral is, or will be on file in any recording office, except such as may be filed in connection with this Second Security Agreement or in connection with other Permitted Liens or for which satisfactory releases have been received by Secured Party.

• Company and Mortgagee have heretofore entered into a Second Security Agreement and Chattel Mortgage dated __________, 199__ (the "Mortgage") and the terms defined therein and not otherwise defined herein are used herein as therein defined.

• The First Secured Party and the Second Secured Party agree to subordinate and arrange priorities in relation to the security interests under the First Security Agreement and the Second Security Agreement on the terms set out in the Document.

• All such obligations shall be referred to in this Second Security Agreement as the "Secured Obligations".

• This Second Security Agreement shall be governed by and construed and enforced in accordance with the laws of the state of New York, except to the extent that the validity or perfection of the security interests hereunder, or remedies hereunder, in respect of any particular Collateral are governed by the laws of a jurisdiction other than the state of New York.

• All approvals, authorisations and consents (if any) required by any government or other authorities in order for the Additional Guarantor to enter into and perform its obligations under and in relation to the Accession Agreement, the First Security Agreement and the Second Security Agreement.

More Definitions of Second Security Agreement

Second Security Agreement means the security agreement executed or to be executed by NNS UK Holdings 1 Inc., NNS UK Holdings 2 Inc., North CableComms Holdings Inc., North CableComms Management Inc., NTL Bromley Company, NTL CableComms Group Inc., NTL Chartwell Holdings Inc., NTL Chartwell Holdings 2 Inc., NTL North CableComms Holdings Inc., NTL North CableComms Management Inc., NTL Programming Subsidiary Company, NTL Solent Company, NTL South CableComms Holdings Inc., NTL South CableComms Management Inc., NTL Surrey Company, NTL Sussex Company, NTL UK CableComms Holdings Inc., NTL Wessex Company, NTL Winston Holdings Inc., NTL Wirral Company, South CableComms Holdings Inc., South CableComms Management Inc., North CableComms LLC, South CableComms LLC and Winston Investors LLC creating a second ranking (ranking only behind the first ranking security created pursuant to the Security Documents), continuing security interest in relation to certain assets as specified therein in favour of the Second Security Trustee to hold for the benefit of the Term Banks, the Agent and itself.

Second Security Agreement means the security agreement, dated 27 September 2001, granted by NNS UK Holdings 1 Inc., NNS UK Holdings 2 Inc., North CableComms Holdings Inc., North CableComms Management Inc., NTL Bromley Company, NTL CableComms Group Inc., NTL Chartwell Holdings Inc., NTL Chartwell Holdings 2 Inc., NTL North CableComms Holdings Inc., NTL North CableComms Management Inc., NTL Programming Subsidiary Company, NTL Solent Company, NTL South CableComms Holdings Inc., NTL South CableComms Management Inc., NTL Surrey -39- Company, NTL Sussex Company, NTL UK CableComms Holdings Inc., NTL Wessex Company, NTL Winston Holdings Inc., NTL Wirral Company, South CableComms Holdings Inc., South CableComms Management Inc., North CableComms LLC, South CableComms LLC and Winston Investors LLC, creating a second ranking (ranking only behind the first ranking security created pursuant to the Security Documents) continuing security interest in relation to certain assets as specified therein, in favour of the Second Security Trustee to hold for the benefit of the Term Banks, the Agent and itself.