Security Agreement definition
Examples of Security Agreement in a sentence
In the case of the Collateral described in the Security Agreement a Lien on which can be perfected by control, when the Administrative Agent has control of such Collateral, the Security Agreement shall create a fully perfected Lien on, and security interest in such Collateral and the proceeds thereof, in each case prior and superior in right to any other Person (except for Permitted Collateral Liens), except to the extent otherwise provided in the Uniform Commercial Code.
The Company is entering into this Agreement, the Security Agreement and the Account Control Agreement and is issuing and selling the Note voluntarily and without economic duress.
ALLY BANK, as the Administrative Agent By: Name: Title: [NAME OF ▇▇▇▇▇▇], as Proposed Lender By: Name: Title: [WT CAPITAL FUND – SPV1, LLC, as a Borrower By: Name: Title: WT CAPITAL FUND-SPV 1 SUB GOLD LLC, as a Borrower By:____________________________________ Name: Title:]4 4 To be included if Borrowers consent is required pursuant to Section 12.16 of the Loan and Security Agreement.
Each Credit Party hereby acknowledges and agrees that, after giving effect to this Amendment, all of its obligations and liabilities under the Loan and Security Agreement and the other Loan Documents to which it is a party, as such obligations and liabilities have been modified by this Amendment, are reaffirmed and remain in full force and effect.
Delivery by telecopier or in .pdf or similar format by electronic mail of an executed counterpart of any amendment or waiver of any provision of this Agreement or of any Security Agreement Supplement or Schedule hereto shall be effective as delivery of an original executed counterpart thereof.