Guarantor Security Agreements Clause Samples
A Guarantor Security Agreement is a contractual provision that requires a guarantor to provide collateral or security interests to support their guarantee of another party's obligations. In practice, this clause outlines the types of assets the guarantor must pledge, the process for perfecting the security interest, and the rights of the secured party in the event of default. Its core function is to enhance the creditor's protection by ensuring there are tangible assets available to satisfy the guaranteed obligations if the primary obligor fails to perform.
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Guarantor Security Agreements. A security agreement in substantially the form of EXHIBIT 3.1.4 executed by each Guarantor, together with all UCC-1 financing statements desirable in the opinion of Bank to perfect the security interest created by the security agreement.
Guarantor Security Agreements. Security Agreements duly executed by the Guarantors (other than HIL) together with (i) financing statements (UCC-1) to be filed under the Uniform Commercial Code of all jurisdictions necessary or, in the opinion of the Agent or any Bank, desirable to perfect the security interest created by such Security Agreement and (ii) Uniform Commercial Code searches identifying all of the financing statements on file with respect to the Guarantors (other than HIL) in all jurisdictions referred to under (i) including the financing statements filed by the Agent against such party indicating that no party other than the Agent claims an interest in any of the Collateral except with respect to Permitted Liens;
Guarantor Security Agreements. The Guarantor Security Agreements ----------------------------- executed by the respective Guarantors;
Guarantor Security Agreements. Guarantor Security Agreements duly executed by the Guarantors (other than HIL) together with (i) duly executed UCC-1 financing statements and UCC-3 financing statements with respect to all UCC-1 financing statements previously filed under the Uniform Commercial Code of all jurisdictions necessary or, in the opinion of the Agent or any Bank, desirable to perfect the security interest created by such Security Agreement; and (ii)-Uniform Commercial Code searches identifying all of the financing statements on file with respect to the Guarantors (other than HIL) in all jurisdictions referred to under (i) including the financing statements filed by the Agent against such party indicating that no party other than the Agent claims an interest in any of the Collateral except with respect to Permitted Liens;
Guarantor Security Agreements. (i) A security agreement in substantially the form of Exhibit 3.
Guarantor Security Agreements. The Guarantor Security Agreements executed by the Guarantors;
Guarantor Security Agreements. The Guarantors shall have executed and delivered to the Agent the Guarantor Security Agreements pursuant to which the Guarantors shall have granted a valid and perfected first security interest (except as expressly otherwise provided therein) to the Banks in and to the Collateral to secure the payment and performance of the Notes and any and all other liabilities and indebtedness of the Borrower or the Guarantors to the Banks.
Guarantor Security Agreements. Any Guarantor Security Agreement shall at any time after its execution and delivery and for any reason cease (a) to create a valid and perfected first priority security interest in and to the property purported to be subject to such Security Agreement; or (b) to be in full force and effect or shall be declared null and void, or the validity or enforceability thereof shall be contested by the Guarantor, or the Guarantor shall deny it has any further liability or obligation under the Security Agreement, or the Guarantor shall fail to perform any of its obligations under the Security Agreement.
Guarantor Security Agreements. The Bank shall have received security agreement executed by each of the Guarantors in form satisfactory to the Bank and its Special Counsel (the "Guarantor Security Agreements"), granting to the Bank a first priority security interest substantially all of the assets of the Borrower. All Uniform Commercial Code Financing Statements and other filings (including without limitation, filings with the United Stares Patent and Trademark Office) required in order to perfect the liens granted under the Security Agreement shall have been executed by the Borrower and shall have been duly filed or recorded.
Guarantor Security Agreements. The obligations of each of Pizzaco under its Guaranty Agreement, and all of the obligations of NR Realty under its Guaranty Agreement, shall be secured by a security interest in all of its equipment, inventory, accounts receivable, chattel paper, software, general intangibles and all deposit accounts maintained by the Guarantor individually or jointly with the Bank or any of the Bank's Affiliates, all whether now owned or hereafter acquired, and in all proceeds thereof, which security interest will be created by a Guarantor Security Agreement executed by Pizzaco and NR Realty in the forms attached hereto as Exhibits "K," and "L," respectively (each a "Guarantor Security Agreement," and collectively, the "Guarantor Security Agreements'). Each Guarantor Security Agreement shall provide a security interest in the collateral described therein subject only to liens and security interests described in the exceptions enumerated in Section 6(b) herein.