Agreement as Security Sample Clauses

Agreement as Security. This Agreement is being made as ---------- --------------------- security for the Secured Obligations, and the Collateral Agent's acceptance of this Agreement shall not constitute a satisfaction of any indebtedness, liability, duty or obligation, or any part thereof, now or hereafter owed by MBIA or relieve MBIA of any of its indebtedness, liabilities, duties or obligations under the Credit Agreement or the Loan Documents. Neither the Collateral Agent nor any Bank hereby assumes any indebtedness, liabilities, duties or obligations of MBIA under or in respect of any of the Collateral, and neither the Collateral nor any Bank shall have any liability or obligation to any Person by reason of the failure of MBIA to perform any thereof. MBIA shall indemnify and hold harmless the Collateral Agent and each Bank from and against any and all liability, loss or damage which it may suffer or incur and which arises out of or results from any claim or any alleged indebtedness, liability, duty or obligation on the part of the Collateral Agent or any Bank to perform or discharge any indebtedness, liabilities, duties or obligations of MBIA under or in respect of any of the Collateral, together with all costs and expenses (including, without limitation, court costs and attorneys' fees) paid or incurred in connection therewith.
Sample 1
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Agreement as Security. This Deed is being made as security for the Secured Obligations, and the Collateral Agent’s acceptance of this Deed shall not constitute a satisfaction of any indebtedness, liability, duty or obligation, or any part thereof, now or hereafter owed by the Borrower or relieve the Borrower of any of its indebtedness, liabilities, duties or obligations under the Credit Agreement or the Loan Documents. Neither the Collateral Agent nor any Secured Party hereby assumes any indebtedness, liabilities, duties or obligations of the Borrower under or in respect of any of the Collateral, and neither the Collateral Agent nor any Secured Party shall have any liability or obligation to any Person by reason of the failure of the Borrower to perform any thereof. The Borrower shall indemnify and hold harmless the Collateral Agent and each Secured Party from and against all liability, loss or damage which it may suffer or incur and which arises out of or results from any claim or any alleged indebtedness, liability, duty or obligation on the part of the Collateral Agent or any Secured Party to perform or discharge any indebtedness, liabilities, duties or obligations of the Borrower under or in respect of any of the Collateral, together with all costs and expenses (including, without limitation, court costs and reasonable attorneys’ fees) paid or incurred in connection therewith, except to the extent such liability, loss or damage results from the gross negligence or willful misconduct of the Collateral Agent or any Secured Party.
Sample 1
Agreement as Security. The Collateral secures the Obligations. New Borrower shall from time to time execute and deliver any and all other conveyances and instruments as Lender may request in order to ensure that the Collateral remains subject to the Lender's security interest on the public record . The Agreement shall encumber the Collateral until the Note is fully satisfied.
Sample 1
Agreement as Security. (a) User may charge or mortgage its interest under this Agreement provided that the chargee or mortgagee acknowledges in writing, in a form satisfactory to Service Provider, that upon the enforcement or realisation of the charge or mortgage the chargee or mortgagee will be bound by the terms of this Agreement as if it were a party to it.
Sample 1

Related to Agreement as Security

  • No Financing Statements, Security Agreements No financing statement or security agreement describing all or any portion of the Collateral which has not lapsed or been terminated naming such Grantor as debtor has been filed or is of record in any jurisdiction except (a) for financing statements or security agreements naming the Collateral Agent on behalf of the Secured Parties as the secured party, and (b) as permitted by Section 4.1(e).

  • Intercompany Subordination Agreement The Administrative Agent shall have received the Intercompany Subordination Agreement, duly executed and delivered by each Loan Party.

  • Interest Rate Protection Agreements (a) Within ninety days after the Closing Date, the Borrower shall enter into and thereafter maintain interest rate protection agreements (protecting against fluctuations in interest rates) having a term of at least three years from the Closing Date, establishing a fixed or maximum interest rate of 10.5% per annum for an aggregate notional amount equal to at least 50% of the aggregate principal amount of all Term Loans then outstanding.

  • Interest Rate Protection Agreement As of the date hereof, Borrower has entered into, made all payments required under, and satisfied all conditions precedent to the effectiveness of, an interest rate protection agreement that satisfies all of the following conditions (such interest rate protection agreement together with (i) any extension thereof or (ii) any other interest rate protection agreement entered into pursuant to Section 2.8, being referred to herein as the “Interest Rate Protection Agreement”):

  • Subordination Agreement Each of (i) the subordination of interest payments to the Noteholders of the Class B Notes to the payment of any First Priority Principal Payment to the Noteholders of the Class A Notes and (ii) the subordination of interest payments to the Noteholders of the Class C Notes to the payment of any Second Priority Principal Payment to the Noteholders of the Class A Notes and the Class B Notes under Section 8.2(c) is a subordination agreement within the meaning of Section 510(a) of the Bankruptcy Code.

  • Secured Cash Management Agreements and Secured Hedge Agreements Except as otherwise expressly set forth herein, no Cash Management Bank or Hedge Bank that obtains the benefit of the provisions of Section 8.03, the Guaranty or any Collateral by virtue of the provisions hereof or any Collateral Document shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) (or to notice of or to consent to any amendment, waiver or modification of the provisions hereof or of the Guaranty or any Collateral Document) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Secured Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements except to the extent expressly provided herein and unless the Administrative Agent has received a Secured Party Designation Notice of such Secured Obligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be. The Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Secured Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements in the case of a Facility Termination Date.

  • The Note, Mortgage and Loan Documents The Loan shall be evidenced by the Note and secured by the Mortgage, the Assignment of Leases and the other Loan Documents.

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