Consent to Security Interest. In connection with the transactions contemplated by the Credit Agreement and the other Loan Documents, (a) Borrower has granted or will grant to the Administrative Agent, for the benefit of the Lenders, a first priority security interest in and lien upon substantially all of its assets and property, tangible and intangible, whether now owned or hereafter acquired or arising, and all proceeds and products thereof and accessions thereto, and a first priority security interest in and pledge of all partnership interests, membership interests or other equity interests in Affiliate (the "Pledged Equity"), and (b) Affiliate has granted or will grant to the Administrative Agent, for the benefit of the Lenders, a first priority security interest in and lien upon substantially all of its assets and property, tangible and intangible, whether now owned or hereafter acquired or arising, and all proceeds and products thereof and accessions thereto, including but not limited to the Operating Assets, and a first priority security interest and lien upon the rights of Affiliate in, to and under the Sprint Agreements. The foregoing security interests, liens and pledges are referred to collectively as the "Security Interests" and the foregoing assets and property in which the Administrative Agent, for the benefit of the Lenders, has been or will be granted a first priority security interest in and lien are referred to collectively as the "Collateral". In addition to the foregoing, each of the other affiliated entities of Borrower and Affiliate have granted or will grant to the Administrative Agent, for the benefit of the Lenders, a first priority security interest in and lien upon substantially all of its assets and property, tangible and intangible, whether now owned or hereafter acquired or arising, and all proceeds and products thereof and accessions thereto, which security interests and liens are referred to collectively as the "Additional Security Interests" and which assets and property are referred to collectively as the "Additional Collateral." Each Sprint Party (i) acknowledges notice of the Credit Agreement and the other Loan Documents, (ii) consents to the granting of the Security Interests in the Collateral and of the Additional Security Interests in the Additional Collateral to the Administrative Agent, for the benefit of the Lenders, and (iii) agrees that (a) neither it nor any subsidiary of Sprint Corporation will challenge or contest that the Security Interest...
Consent to Security Interest. Each of the parties hereto hereby consent to the creation and existence of the security interests in the Collateral created by the Fourth Security Agreement.
Consent to Security Interest. Each of the Obligors, the Lender Agent and the Initial Lender hereby consent to the creation and existence of the security interests in the Collateral created by the Omnibus Security Agreement.
Consent to Security Interest. Notwithstanding anything to the contrary in any loan document, the Bank hereby consents to the blanket security interest granted by the Borrower to Silicon Valley Bank, which were partially subordinated to the lien granted by the Borrower to the Bank in the Mortgage.
Consent to Security Interest. To the extent necessary, Landowner consents to Debtor’s grant of the Security Interest.
Consent to Security Interest. Senior Lender agrees that, notwithstanding any contrary provision in any agreement between Company and Senior Lender, Company may grant a security interest to Subordinate Lenders in the Collateral and agrees that the grant of such security interest shall not constitute a default or event of default by Company under any agreement between Company and Senior Lender. Each Subordinate Lender agrees that notwithstanding any contrary provision in any agreement between Company and such Subordinate Lender, Company may grant a security interest to Senior Lender and to the other Subordinate Lenders in the Collateral and agrees that the grant of such security interest shall not constitute a default or event of default by Company under any agreement between Company and such Subordinate Lender.
Consent to Security Interest. The Unilens Companies have requested that Uniinvest consent to the creation of a security interest and lien on all of their respective assets in favor of Competitive Technologies, Inc. ("CTI") in order to settle a litigation instituted by CTI. Such security interest and lien shall be subordinate to the security interest securing the obligations of the Unilens Companies to Uniinvest under the Loan Agreement established under the Related Loan Documents. The Unilens Companies have furnished Uniinvest with a copy of the Settlement Agreement among the Unilens Companies and CTI pursuant to which CTI's security interest is being created. Uniinvest consents to the creation of such security interest and agrees that it shall promptly furnish CTI with a letter setting forth such consent.
Consent to Security Interest. Each of the Borrowers, the Guarantor and the Lender hereby consent to the creation and existence of the security interests in the Collateral created by the Pledge and Security Agreement and Irrevocable Proxy, dated as of June 1, 2009, among RFC Asset Holdings II, LLC, Passive Asset Transactions, LLC, Residential Capital, LLC, Residential Funding Company, LLC, GMAC Mortgage, LLC, as grantors, all other persons who become a grantor thereunder, and GMAC LLC, as secured party, as the same may be amended, supplemented, amended and restated or otherwise modified from time to time.
Consent to Security Interest. The Agent and the Lessors hereby consent to the grant of a security interest by the Lessee to BankAmerica Business Credit, Inc. ("BABC") as agent under the Loan and Security Agreement dated as of November 27, 1996 among BABC, as agent, NationsBank of Texas, N.A., as letter of credit issuer, the lenders party thereto, Consolidated Freightways Corporation, Xxxxxx Xxxxx Xxxxxxx Corporation and the Lessee, for the ratable benefit of BABC, as agent, the Letter of Credit Issuer thereunder and such lenders, in Lessee's rights as "Lessee" under the Operative Documents.
Consent to Security Interest. Guideco consents to the Company’s grant to the State of a security interest as provided in Section 4.06 (D), and shall subordinate thereto Guideco’s landlord’s lien and all other security interests affecting such property.
