Subsidiary Security definition

Subsidiary Security means (i) shares of capital stock or voting securities of a Subsidiary of a Company, (ii) securities of a Subsidiary of the Company convertible into or exchangeable for shares of capital stock or voting securities of such Subsidiary, or (iii) options or other rights to acquire from a Subsidiary of the Company any capital stock, voting securities or securities convertible into or exchangeable for capital stock or voting securities of such Subsidiary.

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Subsidiary Security. Agreement is defined in the Revolving Credit Agreement. Syndication Agent is defined in the preamble. Tax Sharing Agreements means, collectively, (i) the Tax Sharing Agreement, dated as of August 16, 1993, among SFAC and SFC, as the same may be amended, supplemented, amended and restated, or otherwise modified from time to time in accordance with Section 7.2.13, and (ii) the Tax Sharing Agreement, dated as of August 16, 1993, among SFAC, SFC and its Subsidiaries, as the same may be amended, supplemented, amended and restated, or otherwise modified from time to time in accordance with Section 7.2.13.

Subsidiary Security means the Equity Interests issued by or in any Subsidiary, whether or not constituting a “security” under Article 8 of the Uniform Commercial Code as in effect in any jurisdiction.

Examples of Subsidiary Security in a sentence

• Each of the undersigned is a Restricted Subsidiary of World Acceptance Corporation who has executed and delivered to the Collateral Agent, the Administrative Agent, and the Lenders the Subsidiary Guaranty Agreement and the Subsidiary Security Agreement.

• In addition, the obligations are also guaranteed by the Company’s Subsidiaries, pursuant to the Subsidiary Guaranty, and all of Subsidiaries’ obligations under the Subsidiary Guaranty are secured by the “Collateral” (as defined in the Subsidiary Security Agreement) identified and described as security therefor in the Subsidiary Security Agreement.

• The Subsidiary Security Agreement and Subsidiary Guaranty were duly amended from time to time, including on October 6, 1999 when American Prescription Providers of Pennsylvania, Inc.

• Sun Gro Canada is a party to the Canadian Subsidiary Security Agreement and the Canadian Subsidiary Pledge Agreement pursuant to which Sun Gro Canada has created liens in favor of Agent on certain Collateral to secure certain of the Obligations.

• In the event of any conflict between the terms of this Subsidiary Security Agreement and the applicable Intercreditor Agreement, the terms of the applicable Intercreditor Agreement shall govern.

• The Borrower shall not permit the License Subs to have any business activities, operations, assets, Indebtedness, Guaranties or Liens (other than pursuant to a Subsidiary Guaranty and Master Subsidiary Security Agreement issued in connection herewith).

• Each Subsidiary of the Borrower (other than any such Subsidiary which is an Immaterial Subsidiary) shall have duly executed and delivered to the Agent the Subsidiary Security Agreement.

• Each Company hereby certifies that no Event of Default or event which, with notice or lapse of time or both, would constitute an Event of Default exists under the Subsidiary Security Agreement after giving effect to this Amendment.

• Each Company hereby repeats and reaffirms all of its covenants, agreements, representations and warranties contained in the Subsidiary Security Agreement, each and all of which shall be applicable to all of the properties, rights, interests and privileges subject to the lien of the Subsidiary Security Agreement after giving effect to this Amendment.

• Any Instrument, Certificated Security (other than in respect of the Capital Stock of any Subsidiary), Security or Chattel Paper in excess of $500,000 shall be promptly delivered to the Administrative Agent indorsed in a manner reasonably satisfactory to the Administrative Agent to be held as Collateral pursuant to the relevant Security Document.

More Definitions of Subsidiary Security

Subsidiary Security. Agreement shall mean a security agreement executed by a ----------------------------- Class A Subsidiary Guarantor, substantially in the form of Exhibit "J" attached ----------- hereto and incorporated herein by reference, together in each case with all extensions, renewals, amendments, substitutions and replacements thereto and thereof. Supplemental Documentation shall mean agreements, instruments, documents, -------------------------- financing statements, warehouse receipts, bills of lading, notices of assignment of accounts, schedules of accounts assigned, and other written matter necessary or reasonably requested by Agent to perfect and maintain perfected Agent's lien and security interest for the benefit of the Agent, the Lenders and the L/C Issuer in the Assigned Collateral or the Subsidiary Assigned Collateral.

Subsidiary Security. AGREEMENT shall mean the Security Agreement, dated as of September 28, 2001, by the Guarantors in favor of National City Bank, as Collateral Agent, as the same may be amended, restated, modified or supplemented from time to time."

Subsidiary Security has the meaning ascribed thereto in Section 5.4. "Syndicated Facility" has the meaning ascribed thereto in Section 2.1.

Subsidiary Security means the Security provided or to be provided by all Restricted Subsidiaries in accordance with Article 12;

Subsidiary Security means, with respect to any Subsidiary of the Company, any Equity Security of such Subsidiary.