Common use of Original Security Agreements Clause in Contracts

Original Security Agreements. The Secured Parties and Tenant acknowledge and agree that this Agreement amends and restates the Original Security Agreements in their entirety with respect to the Collateral and that this Agreement shall govern the rights and obligations of the Secured Parties and Tenant with respect to the Collateral from and after the date of this Agreement. Notwithstanding the foregoing, the Original Security Agreements shall continue to govern the rights and obligations of the Secured Parties and Tenant with respect to the Collateral prior to the date of this Agreement.

Appears in 2 contracts

Samples: Security Agreement (Five Star Quality Care Inc), Security Agreement (Five Star Quality Care Inc)

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Original Security Agreements. The Secured Parties and Tenant Subtenants acknowledge and agree that this Agreement amends and restates the Original Subtenant Security Agreements in their entirety with respect to the Collateral and that this Agreement shall govern the rights and obligations of the Secured Parties and Tenant Subtenants with respect to the Collateral from and after the date of this Agreement. Notwithstanding the foregoing, the Original Subtenant Security Agreements shall continue to govern the rights and obligations of the Secured Parties and Tenant Subtenants with respect to the Collateral prior to the date of this Agreement.

Appears in 2 contracts

Samples: Subtenant Security Agreement (Five Star Quality Care Inc), Subtenant Security Agreement (Five Star Quality Care Inc)

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Original Security Agreements. The Secured Parties and Tenant Subtenants acknowledge and agree that this Agreement amends and restates the Original Subtenant Security Agreements in their entirety with respect to the Collateral and that this Agreement shall govern the rights and obligations of the Secured Parties and Tenant Subtenants with respect to the Collateral from and after the date of this Agreement. Notwithstanding the foregoing, the Original Subtenant Security Agreements shall continue to govern the rights and obligations of the Secured Parties and Tenant Subtenants with respect to the Collateral prior to the date of this Agreement; provided, however, that the parties acknowledge and agree that the Original Subtenant Security Agreements are hereby terminated with respect to any collateral relating to the properties listed on Schedule 3 attached hereto and made a part hereof.

Appears in 1 contract

Samples: Subtenant Security Agreement (Five Star Quality Care Inc)

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