Security Document definition
Examples of Security Document in a sentence
As permitted by Sections 6.04 and 9.02 of the Indenture, and as evidenced by the execution of this Supplemental Indenture and the Consents, the Holders have irrevocably waived any and all existing or alleged Defaults under the Indenture for any action taken that would comply with the Indenture as amended by the Amendments, and their consequences under the Indenture, the Notes, any Guarantee, any applicable Intercreditor Agreement or any other Security Document.
The Mortgage or any other Security Document or any material provision thereof shall cease to be in full force or effect (other than pursuant to the terms hereof or thereof), or any grantor thereunder or any other Credit Party shall assert in writing that any grantor’s obligations under the Collateral Agreement, the Mortgage or any other Security Document are not in effect or not legal, valid and binding obligations (other than pursuant to the terms hereof or thereof).
In the event of any conflict or inconsistency between the provisions of the ABL/Cash Flow Intercreditor Agreement and any Security Document, the provisions of the ABL/Cash Flow Intercreditor Agreement shall control in all respects.
Upon any sale or other transfer by any Loan Party (other than to the Borrower or any Subsidiary) of any Collateral in a transaction permitted under this Agreement, or upon the effectiveness of any written consent to the release of the security interest created under any Security Document in any Collateral pursuant to Section 9.02, the security interests in such Collateral created by the Security Documents shall be automatically released.
Notwithstanding termination of this Agreement, Servicer’s Lien on the Collateral and each Australian Security Document shall remain in effect for so long as any Obligations are outstanding (other than contingent indemnification obligations for which no claim has been made).