Examples of Existing Security Documents in a sentence
The parties acknowledge that the 20% deferred amount shall be secured by a pledge of Company assets pursuant to the Existing Security Documents, which assets include, but are not limited to, the Company’s portfolio of Credit Acceptance Corporation (new Pool reference number to be assigned) payments to be made to the Company under consumer vehicle loans originated by the Company after the Closing.
The shares of capital stock or other ownership interests so indicated on Schedule 3.09 held in such Subsidiary or Affiliated Guarantor are fully paid and non-assessable and are owned by Holdings or the Borrower, directly or indirectly, free and clear of all Liens (other than Liens created under the Security Documents, the Orders, the LandCo Cash Collateral Order, the Existing Security Documents and/or post petition Liens permitted under Section 6.02).