Prior Security Agreement definition

Prior Security Agreement means a security agreement entered into before the coming into force of this section and includes any security agreement that is amended, renewed or extended by an agreement that is entered into on or after the coming into force of this section;

Prior Security Agreement means that certain Security Agreement, effective as of September 21, 2009, by and between the Payor and the Lacey RRSP Account. Words of one gender include the other gender; the singular includes the plural; and the plural includes the singular, unless the context otherwise requires.

Prior Security Agreement shall have the meaning set forth in the recitals.

Examples of Prior Security Agreement in a sentence

• The Company (and each Subsidiary) owns its property and assets free and clear of all mortgages, liens, loans, pledges, security interests, claims, equitable interests, charges, and encumbrances, except such encumbrances and liens which arise in the ordinary course of business and do not materially impair the Company’s (and each Subsidiary’s) ownership or use of such property or assets and/or any such liens, encumbrances and security interests which arose in connection with the Prior Security Agreement.

• Except for the security interest created by this Agreement or the Prior Security Agreement, Grantor owns the Collateral as legal and beneficial owner free and clear of any Lien.

• Pursuant to the Novation Agreement, dated as of July 16, 2008 (the “Borrower Novation Agreement”), ALF LP transferred to WOLT, by novation (such transfer, the “Borrower Novation”), all of ALF LP’s rights and obligations, as the “Borrower” and otherwise, under and in connection with the Prior Warehouse Facilities, including all of ALF LP’s rights and obligations under the Prior Collateral Agency Agreement and the Prior Security Agreement.

• Except such as may have been filed in favor of Secured Party relating to the Prior Security Agreement or this Agreement, no effective financing statement or other instrument similar in effect covering all or any part of the Collateral is on file in any filing or recording office.

• This Agreement amends, restates and replaces in its entirety the security agreement included in the Prior Credit Agreement (the “Prior Security Agreement”), and nothing contained herein shall be deemed to alter or impair the liens and security interest established by the Prior Security Agreement, which liens and security interest remain in full force and effect with all priorities unchanged.

More Definitions of Prior Security Agreement

Prior Security Agreement shall have the meaning given to such term in the Introductory Statement of this Credit Agreement.

Prior Security Agreement means the Security Agreement, dated March 18, 2013, between the Grantor and Holder.

Prior Security Agreement means the Security Agreement, dated as of June 30, 2016, by and between the Company, SG Building Blocks, Inc., and Hillair Capital Investments L.P., pursuant to which the Company granted security interests in certain property to Hillair Capital Investments L.P. as further described therein.

Prior Security Agreement means the Security Agreement, dated as of June 30, 2016, by and between the Company, SG Building Blocks, Inc., and the Purchasers, pursuant to which the Company granted security interests in certain property to the Purchasers as further described therein.

Prior Security Agreement means, for the purposes of this section,

Prior Security Agreement means the Securities Purchase Agreement, dated May 26, 2005, by and among the Company and the purchasers signatory thereto and the agreements entered into in connection therewith and the transactions contemplated thereunder.

Prior Security Agreement means a security agreement entered into before section 7 comes into force; and