Common use of Party to Security Agreement2 Clause in Contracts

Party to Security Agreement2. The Grantor acknowledges that, by signing this Security Agreement Supplement and delivering it to the Collateral Agent, the Grantor becomes a “Grantor” for all purposes of the Security Agreement and will become a party to the Security Agreement and will thereafter have all the rights and obligations of a Grantor thereunder and be bound by all the provisions thereof as fully as if the Grantor were one of the original parties thereto.

Appears in 3 contracts

Samples: Incremental Amendment Agreement (Ciena Corp), Security Agreement and Pledge Agreement (Ciena Corp), Credit Agreement (Ciena Corp)

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Party to Security Agreement2. The Additional Grantor acknowledges that, by signing this Security Agreement Supplement and delivering it to the Collateral Agent, the Additional Grantor becomes a “Grantor” for all purposes of the Security Agreement and will become a party to the Security Agreement and will thereafter have all the rights and obligations of a Grantor thereunder and be bound by all the provisions thereof as fully as if the Additional Grantor were one of the original parties thereto.

Appears in 1 contract

Samples: Abl Credit Agreement (Ciena Corp)

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