Security and Intercreditor Agreement definition

Security and Intercreditor Agreement means that certain Security and Intercreditor and Agreement dated on or about the Original Issue Date by and among the Company and the lenders identified therein.

Security and Intercreditor Agreement means the Amended and Restated Security and Intercreditor Agreement among the Seller, the other Grantors referred to therein, Citibank, N.A. as Collateral Agent, Intercreditor Agent and Depository Bank, Citicorp North America, Inc., as Administrative Agent, and Law Debenture Trust Company of New York, as Indenture Trustee, dated February 21, 2003, as amended and restated in its entirety on March 8, 2004.

Security and Intercreditor Agreement means the Security and Intercreditor Agreement among Toronto Dominion Bank, the USAM Trustees and the Debtors dated as of March 23, 2000, as amended.

Examples of Security and Intercreditor Agreement in a sentence

• The Sayreville Mortgage was one of several assets assigned to Dare as collateral on its $5 million loan to SWJ, pursuant to a Security and Intercreditor Agreement (the “Security Agreement”), dated March 13, 2006, between Dare andSWJ (and others who are not parties to this lawsuit).

• In February 2013, following updates to the Security and Intercreditor Agreement as described in Note 4 and the full repayment of the Subordinated Loan plus accrued interest, the LLC began making distributions to FRBNY and the Treasury as FRBNY Contingent Interest and Treasury Contingent Interest, respectively.

• Any person holding a Staff Rep Seat may be re-elected for one or more additional terms provided that s/he continues to be employed full-time at ICS.

• The Plan Company contended that the likely result would be that the holders of the 2029 Notes would serve acceleration notices, leading to an enforcement process and a distribution of assets in accordance with the Transaction Security and Intercreditor Agreement.

• On January 15, 2013, the fourth priority in the Security and Intercreditor Agreement was amended to limit funding of the cash collateral account to an amount equal to the outstanding principal plus accrued interest of all TALF program loans as of the payment determination date.

More Definitions of Security and Intercreditor Agreement

Security and Intercreditor Agreement means that certain Security and Intercreditor Agreement by and among the Purchaser, the Company and the other lenders set forth therein executed on or about even date.

Security and Intercreditor Agreement the Security and Intercreditor Agreement, substantially in the form of Exhibit K.

Security and Intercreditor Agreement means the Security and Intercreditor Agreement dated of even date herewith by the Borrower in favor of the Lender substantially in the form attached hereto as Exhibit C and incorporated herein by this reference.

Security and Intercreditor Agreement means that certain Security and Intercreditor Agreement dated on or about the Original Issue Date by and among the Company and the lenders identified therein.

Security and Intercreditor Agreement means the Security and Intercreditor Agreement dated as of September 30, 1989 among the Borrower, Xxxxx Fargo Bank, National Association, as collateral agent, the Administrative Agent and such other Persons as may be party to such Security and Intercreditor Agreement from time to time and as the same was amended, restated, amended and restated, supplemented, or otherwise modified and in effect immediately prior to the date hereof. “SOFR” means the Secured Overnight Financing Rate as administered by the Federal Reserve Bank of New York (or a successor administrator). “SOFR Adjustment” means (a) with respect to Daily Simple SOFR, 0.10% (10 basis points) and (b) with respect to Term SOFR, (i) 0.10% (10 basis points) for an Interest Period of one- or three-month’s duration and (ii) such other percentage as the Administrative Agent and Borrowers may agree, with the consent of all Lenders, for an Interest Period of any other duration. “Solvent” means, with respect to any Person on any date of determination, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay such debts and liabilities as they mature, (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would constitute an unreasonably small capital, and (e) such Person is able to pay its debts and liabilities, contingent liabilities and other commitments as they mature in the ordinary course of business. The amount of contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. “Standby Letter of Credit” means any Letter of Credit that is not a Commercial Letter of Credit. “Stated Amount” means, at any time for any Letter of Credit, the maximum amount available for drawing under such Letter of Credit during the remaining term thereof; it being understood that with respect to any Letter of Cr...

Security and Intercreditor Agreement means the Security and Intercreditor Agreement dated as of the Effective Date entered into by the Company, the Litigation Trust, the Collateral Agent and the other parties named therein in favor of the Collateral Agent.

Security and Intercreditor Agreement means the Security and Intercreditor Agreement, dated as of the date hereof, among the AESC Companies party thereto, the Refinancing Lenders, the New Money Lenders, the Springdale Lenders, the Refinancing Issuing Bank, the Refinancing Lender Agent, the New Money Lender Agent, the Collateral Agent, the AESC Intercreditor Agent, the Depository Bank, the Springdale Lender Agent, the Springdale Special Draw Agent, the Documentation Agent, the Syndication Agent and the Indenture Trustee.