Subordinate Security Agreement definition

Subordinate Security Agreement means the Subordinate Security Agreement dated as of March 1, 2007 from the Company to the Trustee, as amended and supplemented from time to time.

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Subordinate Security Agreement shall have the meaning given such term in ------------------------------ the Trust Agreement.

Subordinate Security Agreement means the Subordinate Security Agreement ------------------------------ dated as of the date hereof, between the Trust and the Certificateholder Collateral Agent, as the same may be amended, restated or supplemented from time to time in accordance with its terms.

Examples of Subordinate Security Agreement in a sentence

• Notwithstanding the foregoing, Subordinated Loan Documents must at least include an executed Subordinate Security Agreement that grants a subordinate security interest in the Collateral and either an executed version of this Agreement or a written instrument agreeing to be bound by its terms.

• The Subordinate Security Agreement is and shall continue to be in full force and effect and is hereby in all respects ratified and confirmed.

• The Collateral Agent shall have no duties or responsibilities under this Agreement, the Subordinate Security Agreement, the Security Documents or any other instrument or agreement except those expressly set forth in this Agreement.

• The provisions of the Subordinate Security Agreement shall control all security and other interests of the Lender in "collateral," as therein defined, to the extent the same shall be inconsistent with the terms hereof or of the Subordinate ▇▇▇▇▇▇ Mortgage, the Subordinate Springdale Mortgage or the Subordinate Junction Deed of Trust.

• Effective on the Release Date, the Administrative Agent authorizes the Borrower and its agents or representatives to file such documents or instruments as the Borrower may deem necessary, in form and substance satisfactory to the Administrative Agent, to evidence, effect or confirm the release and termination of any and all Liens created under the Collateral Documents, the Second Mortgages and the Subordinate Security Agreement with respect to the Sale Assets.

• Effective on any Retained Asset Release Date, the Administrative Agent authorizes the Borrower and its agents or representatives to file such documents or instruments as the Borrower may deem necessary, in form and substance satisfactory to the Administrative Agent, to evidence, effect or confirm the release and termination of any and all Liens created under the Collateral Documents, the Second Mortgages and the Subordinate Security Agreement with respect to the Retained Assets being disposed of.

• The Company shall furnish the Subordinate Security Agreement and the Subordinate Mortgage to the Trustee, as the assignee of the Issuer.

• ALTI's performance under the promissory notes described in Sections 2.2(c) and (d) (the "Subordinate Promissory Notes") shall be secured by a security agreement granting Telex a lien on ALTI's interest in the Marks on the terms set forth on Exhibit 2.4(b) (the "Subordinate Security Agreement").

• The Bank hereby acknowledges that the Debtor has granted to the Collateral Agent a first-priority security interest in the Account and the Blocked Account Collateral pursuant to this Agreement and the Security Agreement, and has granted to the Bond Trustee a second-priority security interest in the Account and the Blocked Account Collateral pursuant to this Agreement and the Subordinate Security Agreement.

• Additional Senior Indebtedness may be secured by a mortgage lien having priority over the lien of the Subordinate Mortgage and the Subordinate Security Agreement and creditors holding Additional Senior Indebtedness (the “Additional Senior Lenders”) may have the right to receive payment of regularly scheduled debt service payments before payments may be made with respect to the Bonds.

More Definitions of Subordinate Security Agreement

Subordinate Security Agreement means a security agreement in substantially the form of Exhibit E-3, duly executed by the Owner Trustee and the Borrower on the Original Closing Date, as amended by the Reaffirmation Agreement and as amended from time to time in accordance with its terms.

Subordinate Security Agreement means that certain Pledge and Security Agreement dated as of the Modification Date between Sole Member and Subordinate Lender pursuant to which Sole Member pledges its interest in Borrower to Subordinate Lender in connection with a like-kind exchange under the Code.

Subordinate Security Agreement means the HDG Construction Loan Security Agreement dated November 20, 1989 from Borrower to and for the benefit of Subordinate Lender, as amended by the First Amendment to HDG Construction Loan Security Agreement dated as of February 9, 1990.