Security Interest definition
Examples of Security Interest in a sentence
The Security Interest is and shall be prior to any other Lien on any of the Article 9 Collateral, other than Liens permitted under Section 6.02 of the Credit Agreement.
SECURITY INTEREST 71 10.1 Grant of Security Interest 71 10.2 Agents’ Rights 73 10.3 Administrative Agent’s Appointment as Attorney-in-Fact 73 10.4 Grant of License to Use Intellectual Property Collateral 74 10.5 Terminations; Amendments Not Authorized 74 10.6 Inspections 74 10.7 IP Appraisal 75 11.
Notwithstanding the foregoing provisions of this Section 11 or any other provision contained in this Pledge Agreement relating to the Pledgee’s rights and remedies in connection with an Event of Default, upon the occurrence and during the continuance of an Event of Default, the Borrower may pay in cash to the Pledgee the then full outstanding amount of the Secured Obligations, which upon receipt of such cash the Security Interest shall be released pursuant to Section 14.
This Agreement, the Security Interest and all other Liens granted hereby shall automatically terminate and be released in accordance with Section 9.19 of the Credit Agreement.