Pursuant to the Loan Documents. GECC shall have a first priority security interest in the Pledged Assets, and the City shall have a security interest in certain machinery and equipment (the "Equipment") which constitute a portion of said Pledged Assets, which security interest shall be subordinate to the first priority security interest of GECC.
Pursuant to the Loan Documents. Borrower has granted Original Lender a security interest in the following leases (collectively, the "Existing Operating Leases") for the operation of the Properties: (i) Consolidated, Amended and Restated Lease Agreement dated as of June 16, 1999 between EQI, as lessor, and Crossroads Future Financing Company, L.L.C., as lessee ("Crossroads Future Operating Lease"); (ii) Consolidated, Amended and Restated Lease Agreement dated as of June 16, 1999 between EQI, as lessor, and Crossroads-Memphis Financing Company II, L.L.C., as lessee ("Crossroads-Memphis Operating Lease"); (iii) Amended and Restated Lease Agreement between EQI-WV as lessor, and Crossroads/Memphis Financing Company II, L.L.C., as lessee (the "West Virginia Operating Lease"; the West Virginia Operating Lease, Crossroads Future Operating Lease and Crossroads-Memphis Operating Lease being hereinafter referred to as the "Original Subject Leases"); and (iv) a Consolidated, Amended and Restated Lease Agreement dated as of June 16, 1999 between EQI, as lessor, and Xxxxx Holding Corp., as tenant (the "Xxxxx/Prime Operating Lease").
Pursuant to the Loan Documents. Lender and Borrower agreed that any letters of credit issued on behalf of Tenant as security under the Lease name both Lender and Borrower as co-beneficiaries.
