Security Agreement definition
Examples of Security Agreement in a sentence
Borrower, Agent and ▇▇▇▇▇▇▇ have duly executed and delivered this Loan and Security Agreement as of the day and year first above written.
The Guarantors acknowledge and agree that their obligations hereunder are secured in accordance with the terms of the Security Agreement and the other documents referenced therein, and that the Lenders may exercise their remedies thereunder in accordance with the terms thereof.
Unless otherwise defined in the Foreign Security Agreement or Canadian Security Agreements, as applicable, all terms used herein and defined in: (i) the Uniform Commercial Code as adopted in the State of New York from time to time (the “Uniform Commercial Code”) shall have the meaning given therein unless otherwise defined herein; and (ii) the PPSA in relation to Canadian Collateral shall have the meaning given therein unless otherwise defined herein.
Except as expressly amended hereby or specifically waived above, all of the terms and provisions of the Existing Credit Agreement, the Existing Security Agreement and all other Loan Documents are and shall remain in full force and effect and are hereby ratified and confirmed.
The Borrower represents and warrants that The Spic and Span Company, a Delaware corporation, represents a Transferred Guarantor and is eligible under Section 11.09 to be released from the Guaranty and as a “Grantor” under the Security Agreement.