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 including but not limited to the Operating Assets, and a first priority security interest in and pledge of all partnership interests, membership interests or other equity interests in each Affiliate (collectively, the "Pledged Equity"), and (b) each 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 each 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 subsid...
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. To the extent necessary, Landowner consents to Debtor’s grant of the Security Interest.
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. 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. In connection with the transactions contemplated by the Amended and Restated Credit Agreement and the other Loan Documents, each Affiliate has granted or will grant to the Administrative Agent, for the benefit of the
Consent to Security Interest. Each Grantor (each "Consenting Grantor") that owns or holds Capital Stock of any Issuer (a) hereby consents to any security interest being granted pursuant to this Agreement by any other Grantor in any other Capital Stock of such Issuer and to any transfer of such other Capital Stock resulting from any foreclosure or the exercise of any other right or remedy by any Agent or Lender in accordance with this Agreement, (b) agrees that the Agents and the Lenders and their respective assignees or transferees who own or hold any interest in such other Capital Stock as a result of or in connection with any foreclosure or exercise of any other right or remedy by any Agent or Lender in accordance with this Agreement shall be automatically admitted as a partner (whether general or limited), member, or shareholder, as the case may be, and consents thereto without the necessity of any further consent or action of such Grantor, and (c) acknowledges and agrees that no further consents or approvals are required from such Consenting Grantor in connection with the security interest being granted pursuant to this Agreement by such other Grantor in such other Capital Stock or the exercise by any Agent or Lender of any right or remedy in accordance with this Agreement.
Consent to Security Interest. JEDA hereby consents to any security interest or lien granted or conveyed by Debtor to NationsBank in any of the Collateral.
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.
