Security Document definition
Examples of Security Document in a sentence
Notwithstanding anything to the contrary in this Indenture or in any Security Document, in no event shall Additional Second Lien Notes be Incurred for the primary purpose of influencing the votes with respect to an amendment, waiver or other 57 modification under this Indenture or otherwise to effectuate an amendment or waiver to this Indenture or any Security Document.
The provisions of Section 2.10 and Articles 11 and 13 shall survive the payment of the Obligations (both with respect to any Lender and all Lenders collectively) and any termination of this Agreement and any judgment with respect to any Obligations, including any final foreclosure judgment with respect to any Security Document, and no unpaid or unperformed, current or future, Obligations will merge into any such judgment.
All parties hereto recognize and agree that, except for any right of contribution arising pursuant to this Section 20, each Guarantor who makes any payment in respect of the Guaranteed Obligations or sale of its assets pursuant to any Security Document to satisfy any Guaranteed Obligation, as the case may be, shall have no right of contribution or subrogation against any other Guarantor in respect of such payment or sale until all of the Guaranteed Obligations have been paid in full.
As security for the payment and performance of the Obligations, and without limiting any other grant of a Lien and security interest in any Security Document, each Credit Party hereby assigns, grants and pledges to Agent, for the benefit of itself and Lenders, and, subject only to Permitted Liens and Permitted Priority Liens, a continuing first priority Lien on and security interest in, upon, and to the Collateral set forth on Schedule 9.1 attached hereto and made a part hereof.
Each and every right, power and remedy of the Pledgee provided for in this Agreement or in any other Security Document, or now or hereafter existing at law or in equity or by statute shall be cumulative and concurrent and shall be in addition to every other such right, power or remedy.