Common use of Rights of Required Lenders Clause in Contracts

Rights of Required Lenders. All rights of the Agent hereunder, if not exercised by the Agent, may be exercised by the Required Lenders. Each of the parties hereto has caused a counterpart of this Security Agreement to be duly executed and delivered as of the date first above written. BORROWER: XXXXXX AMERICAN CORP., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ GUARANTORS: XXXXXX AMERICAN INVESTMENT CORP., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ XXXXXX AMERICAN GROUP, INC., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ CONSUMER DIRECT CORPORATION, a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ (Signatures Continued) ARROW FACTORY STORES, INC., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ GAKM RESOURCES CORPORATION, a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ XXXXXX PEABODY RESOURCES CORPORATION, a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ XXXXXX XXXXXXX HOLDING CORP., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ (Signatures Continued) XXXXXX, PEABODY & CO., INC., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ BIDERTEX SERVICES INC., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ GREAT AMERICAN KNITTING XXXXX, INC., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ XXXXXX DESIGNER GROUP, INC., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ Accepted and agreed to as of the date first above written. NATIONSBANK, N.A., as Agent By:___________________________ Name:_________________________ Title:________________________ SCHEDULE 1(b) INTELLECTUAL PROPERTY SCHEDULE 4(a) CHIEF EXECUTIVE OFFICE SCHEDULE 4(b) LOCATIONS OF COLLATERAL SCHEDULE 4(c) MERGERS, CONSOLIDATIONS, CHANGE IN STRUCTURE OR USE OF TRADENAMES SCHEDULE 5(d)(i) NOTICE OF GRANT OF SECURITY INTEREST IN COPYRIGHTS United States Copyright Office Gentlemen: Please be advised that pursuant to the Security Agreement dated as of May 18, 1998 (as the same may be amended, modified, extended or restated from time to time, the "Security Agreement") by and among the Obligors party thereto (each an "Obligor" and collectively, the "Obligors") and NationsBank, N.A., as Agent (the "Agent") for the Lenders referenced therein (the "Lenders"), the undersigned Obligor has granted a continuing security interest in and continuing lien upon, the copyrights and copyright applications shown below to the Agent for the ratable benefit of the Lenders: COPYRIGHTS Date of Copyright No. Description of Copyright Copyright ------------- ------------------------ --------- Copyright Applications Copyright Description of Copyright Date of Copyright Applications No. Applied For Applications ---------------- ----------- ------------ The Obligors and the Agent, on behalf of the Lenders, hereby acknowledge and agree that the security interest in the foregoing copyrights and copyright applications (i) may only be terminated in accordance with the terms of the Security Agreement and (ii) is not to be construed as an assignment of any copyright or copyright application. Very truly yours, ________________________________ [Obligor] By:_____________________________ Name:___________________________ Title:__________________________ Acknowledged and Accepted: NATIONSBANK, N.A., as Agent By:_________________________ Name:_______________________ Title:______________________ SCHEDULE 5(d)(ii) NOTICE OF GRANT OF SECURITY INTEREST IN PATENTS United States Patent and Trademark Office Gentlemen: Please be advised that pursuant to the Security Agreement dated as of May 18, 1998 (the "Security Agreement") by and among the Obligors party thereto (each an "Obligor" and collectively, the "Obligors") and NationsBank, N.A., as Agent (the "Agent") for the Lenders referenced therein (the "Lenders"), the undersigned Obligor has granted a continuing security interest in and continuing lien upon, the patents and patent applications shown below to the Agent for the ratable benefit of the Lenders:

Appears in 1 contract

Samples: Credit Agreement (Cluett Peabody & Co Inc /De)

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Rights of Required Lenders. All To the fullest extent permitted by law, all rights of the Collateral Agent hereunder, if not exercised by the Collateral Agent, may be exercised by the Required Lenders. Each of the parties hereto has caused a counterpart of this Security Agreement to be duly executed and delivered as of the date first above written. BORROWER: XXXXXX AMERICAN CORP.UNITED STATES CAN COMPANY, a Delaware corporation By:: _________________________________________________ Name:: _______________________________________________ Title:: ______________________________________________ DOMESTIC GUARANTORS: XXXXXX AMERICAN INVESTMENT CORP.U.S. CAN CORPORATION, a Delaware corporation By:: _________________________________________________ Name:: _______________________________________________ Title:: ______________________________________________ XXXXXX AMERICAN GROUPUSC MAY VERPACKUNGEN HOLDING, INC., a Delaware corporation By:: _________________________________________________ Name:: _________________________ Title:________________________ CONSUMER DIRECT CORPORATION, a Delaware corporation By:___________________________ Name:Title: _________________________ Title:________________________ (Signatures Continued) ARROW FACTORY STORES, INC., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ GAKM RESOURCES CORPORATION, a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ XXXXXX PEABODY RESOURCES CORPORATION, a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ XXXXXX XXXXXXX HOLDING CORP., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ (Signatures Continued) XXXXXX, PEABODY & CO., INC., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ BIDERTEX SERVICES INC., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ GREAT AMERICAN KNITTING XXXXX, INC., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ XXXXXX DESIGNER GROUP, INC., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ Accepted and agreed to as of the date first above written. NATIONSBANKBANK OF AMERICA, N.A., as Collateral Agent By:: _________________________________________________ Name:: _______________________________________________ Title:: ______________________________________________ SCHEDULE 1(b) INTELLECTUAL PROPERTY SCHEDULE 4(a) CHIEF EXECUTIVE OFFICE SCHEDULE 4(b) LOCATIONS OF COLLATERAL SCHEDULE 4(c) MERGERS, CONSOLIDATIONS, CHANGE IN STRUCTURE OR USE OF TRADENAMES SCHEDULE 5(d)(iNone, except use of "U.S. Can" and "May Verpackungen" as abbreviated forms of company names. EXHIBIT 5(f)(ii)(A) NOTICE OF GRANT OF SECURITY INTEREST IN COPYRIGHTS United States Copyright Office Gentlemen: Please be advised that pursuant to the Security Agreement dated as of May 18October 4, 1998 2000 (as the same may be amended, modified, extended or restated from time to time, the "Security AgreementSECURITY AGREEMENT") by and among the Obligors party thereto (each an a "ObligorOBLIGOR" and collectively, the "ObligorsOBLIGORS") and NationsBankBank of America, N.A., as Collateral Agent (the "AgentCOLLATERAL AGENT") for the Lenders referenced therein (the "LendersLENDERS"), the undersigned Obligor has granted a continuing security interest in and continuing lien upon, the copyrights and copyright applications shown below to the Collateral Agent for the ratable benefit of the Lenders: COPYRIGHTS Date of Copyright No. Description of Copyright Copyright ------------- ------------------------ --------- Copyright Applications COPYRIGHT APPLICATIONS Copyright Description of Copyright Date of Copyright Applications No. Applied For for Applications ---------------- ----------- ------------ ------------------------ ----------------- The Obligors and the Collateral Agent, on behalf of the Lenders, hereby acknowledge and agree that the security interest in the foregoing copyrights and copyright applications (i) may only be terminated in accordance with the terms of the Security Agreement and (ii) is not to be construed as an assignment of any copyright or copyright application. Very truly yours, _____________________________________________________ [Obligor] By:: _________________________________________________ Name:: _______________________________________________ Title:: ______________________________________________ Acknowledged and Accepted: NATIONSBANKBANK OF AMERICA, N.A., as Collateral Agent By:: _____________________________ Name:: ___________________________ Title:: __________________________ SCHEDULE 5(d)(iiEXHIBIT 5(f)(ii)(B) NOTICE OF GRANT OF SECURITY INTEREST IN PATENTS United States Patent and Trademark Office Gentlemen: Please be advised that pursuant to the Security Agreement dated as of May 18October 4, 1998 2000 (the "Security AgreementSECURITY AGREEMENT") by and among the Obligors party thereto (each an a "ObligorOBLIGOR" and collectively, the "ObligorsOBLIGORS") and NationsBankBank of America, N.A., as Collateral Agent (the "AgentCOLLATERAL AGENT") for the Lenders referenced therein (the "Lenders"), the undersigned Obligor has granted a continuing security interest in and continuing lien upon, the patents and patent applications shown below to the Collateral Agent for the ratable benefit of the Lenders:

Appears in 1 contract

Samples: Security Agreement (Usc May Verpackungen Holding Inc)

Rights of Required Lenders. All To the fullest extent permitted by law, all rights of the Collateral Agent hereunder, if not exercised by the Collateral Agent, may be exercised by the Required Lenders. Each of the parties hereto has caused a counterpart of this Security Pledge Agreement to be duly executed and delivered as of the date first above written. BORROWERPLEDGORS: XXXXXX AMERICAN CORP.UNITED STATES CAN COMPANY, a Delaware corporation By:: _________________________________________________ Name:: _______________________________________________ Title:: ______________________________________________ GUARANTORS: XXXXXX AMERICAN INVESTMENT CORP.U.S. CAN CORPORATION, a Delaware corporation By:: _________________________________________________ Name:: _______________________________________________ Title:: ______________________________________________ XXXXXX AMERICAN GROUPUSC MAY VERPACKUNGEN HOLDING, INC., a Delaware corporation By:: _________________________________________________ Name:: _________________________ Title:________________________ CONSUMER DIRECT CORPORATION, a Delaware corporation By:___________________________ Name:Title: _________________________ Title:________________________ (Signatures Continued) ARROW FACTORY STORES, INC., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ GAKM RESOURCES CORPORATION, a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ XXXXXX PEABODY RESOURCES CORPORATION, a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ XXXXXX XXXXXXX HOLDING CORP., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ (Signatures Continued) XXXXXX, PEABODY & CO., INC., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ BIDERTEX SERVICES INC., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ GREAT AMERICAN KNITTING XXXXX, INC., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ XXXXXX DESIGNER GROUP, INC., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ Accepted and agreed to as of the date first above written. NATIONSBANKBANK OF AMERICA, N.A., as Collateral Agent By:: ___________________________ Name:_________________________ Title:________________________ SCHEDULE 1(b) INTELLECTUAL PROPERTY SCHEDULE 4(a) CHIEF EXECUTIVE OFFICE SCHEDULE 4(b) LOCATIONS OF COLLATERAL SCHEDULE 4(c) MERGERS, CONSOLIDATIONS, CHANGE IN STRUCTURE OR USE OF TRADENAMES SCHEDULE 5(d)(i) NOTICE OF GRANT OF SECURITY INTEREST IN COPYRIGHTS United States Copyright Office Gentlemen: Please be advised that pursuant to the Security Agreement dated as of May 18, 1998 (as the same may be amended, modified, extended or restated from time to time, the "Security Agreement") by and among the Obligors party thereto (each an "Obligor" and collectively, the "Obligors") and NationsBank, N.A., as Agent (the "Agent") for the Lenders referenced therein (the "Lenders"), the undersigned Obligor has granted a continuing security interest in and continuing lien upon, the copyrights and copyright applications shown below to the Agent for the ratable benefit of the Lenders: COPYRIGHTS Date of Copyright No. Description of Copyright Copyright ------------- ------------------------ --------- Copyright Applications Copyright Description of Copyright Date of Copyright Applications No. Applied For Applications ---------------- ----------- ------------ The Obligors and the Agent, on behalf of the Lenders, hereby acknowledge and agree that the security interest in the foregoing copyrights and copyright applications (i) may only be terminated in accordance with the terms of the Security Agreement and (ii) is not to be construed as an assignment of any copyright or copyright application. Very truly yours, ________________________________ [Obligor] By:Name: _______________________________________________ Name:Title: ______________________________________________ Title:SCHEDULE 2(a) to Pledge Agreement dated as of October 4, 2000 in favor of Bank of America, N.A., as Collateral Agent PLEDGED CAPITAL STOCK --------------------- PLEDGOR: U.S. CAN CORPORATION Name of Number of Certificate Percentage Percentage Domestic Subsidiary Shares Number Ownership Pledged ------------------- ------ ------ --------- ------- United States Can Company 1000 7 100% 100% PLEDGOR: UNITED STATES CAN COMPANY Name of Number of Certificate Percentage Percentage Domestic Subsidiary Shares Number Ownership Pledged ------------------- ------ ------ --------- ------- USC May Verpackungen Holding Inc. 100 1 100% 100% Name of Number of Certificate Percentage Percentage Foreign Subsidiary Shares Number Ownership Pledged ------------------- ------ ------ --------- ------- U.S.C. Europe N.V. 3900 2 100% 100% (subject to 2100 3 limitations in 1 4 Section 3) 1 5 PLEDGOR: USC MAY VERPACKUNGEN HOLDING INC. Name of Number of Certificate Percentage Percentage Domestic Subsidiary Shares Number Ownership Pledged ------------------- ------ ------ --------- ------- May Xxxxxxxxxxxx XxxX & Xx., XX X/X X/X 100% 100% (subject to limitations in Section 3) EXHIBIT 4(a) to Pledge Agreement dated as of October 4, 2000 in favor of Bank of America, N.A., as Collateral Agent Irrevocable Stock Power ----------------------- FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers to the following shares of capital stock of _____________________, a ____________ corporation: No. of Shares Certificate No. ------------- --------------- and irrevocably appoints __________________________________ Acknowledged its agent and Accepted: NATIONSBANK, N.A., as Agent By:attorney-in-fact to transfer all or any part of such capital stock and to take all necessary and appropriate action to effect any such transfer. The agent and attorney-in-fact may substitute and appoint one or more persons to act for him. _________________________ Name:_________, a ______________ Title:______________________ SCHEDULE 5(d)(ii) NOTICE OF GRANT OF SECURITY INTEREST IN PATENTS United States Patent and Trademark Office Gentlemen: Please be advised that pursuant to the Security Agreement dated as of May 18, 1998 (the "Security Agreement") by and among the Obligors party thereto (each an "Obligor" and collectively, the "Obligors") and NationsBank, N.A., as Agent (the "Agent") for the Lenders referenced therein (the "Lenders"), the undersigned Obligor has granted a continuing security interest in and continuing lien upon, the patents and patent applications shown below to the Agent for the ratable benefit of the Lenders:corporation

Appears in 1 contract

Samples: Pledge Agreement (Usc May Verpackungen Holding Inc)

Rights of Required Lenders. All rights of the Agent hereunder, if not exercised by the Agent, may be exercised by the Required Lenders. Each of the parties hereto has caused a counterpart of this Security Agreement to be duly executed and delivered as of the date first above written. BORROWER: XXXXXX AMERICAN CORPSIMOXXX XXXUSTRIES INC., --------- a Delaware [DELAWARE] corporation By:: _______________________________ Title: ____________________________ GUARANTORS: ----------- ___________________________________ By: _______________________________ Name:: _____________________________ Title:: ____________________________ GUARANTORS___________________________________ By: XXXXXX AMERICAN INVESTMENT CORP., a Delaware corporation By:_______________________________ Name:: _____________________________ Title:: ____________________________ XXXXXX AMERICAN GROUP, INC., a Delaware corporation ___________________________________ By:: _______________________________ Name:: _____________________________ Title:: ____________________________ CONSUMER DIRECT CORPORATIONAccepted and agreed to in Charlotte, a Delaware corporation North Carolina as of the date first above written. FIRST UNION NATIONAL BANK, Agent By:: _______________________________ Name:: _________________________ Title:________________________ (Signatures Continued) ARROW FACTORY STORES, INC., a Delaware corporation By:___________________________ Name:Title: _________________________ Title:________________________ GAKM RESOURCES CORPORATION, a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ XXXXXX PEABODY RESOURCES CORPORATION, a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ XXXXXX XXXXXXX HOLDING CORP., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ (Signatures Continued) XXXXXX, PEABODY & CO., INC., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ BIDERTEX SERVICES INC., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ GREAT AMERICAN KNITTING XXXXX, INC., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ XXXXXX DESIGNER GROUP, INC., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ Accepted and agreed to as of the date first above written. NATIONSBANK, N.A., as Agent By:___________________________ Name:_________________________ Title:________________________ 133 SCHEDULE 1(b) INTELLECTUAL PROPERTY SCHEDULE 4(a) CHIEF EXECUTIVE OFFICE SCHEDULE 4(b) LOCATIONS OF COLLATERAL SCHEDULE 4(c) MERGERS, CONSOLIDATIONS, CHANGE IN STRUCTURE OR USE OF TRADENAMES SCHEDULE 5(d)(i5(f)(i) NOTICE OF GRANT OF SECURITY INTEREST IN COPYRIGHTS United States Copyright Office Gentlemen: Please be advised that pursuant to the Security Agreement dated as of May 18July 2, 1998 (as the same may be amended, modified, extended or restated from time to time, the "Security AgreementSECURITY AGREEMENT") by and among the Obligors party thereto (each an "ObligorOBLIGOR" and collectively, the "ObligorsOBLIGORS") and NationsBank, N.A.First Union National Bank, as Agent (the "AgentAGENT") for the Lenders lenders referenced therein (the "LendersLENDERS"), the undersigned Obligor has granted a continuing security interest in and continuing lien upon, the copyrights and copyright applications shown below to the Agent for the ratable benefit of the Lenders: COPYRIGHTS Date of Copyright No. Description of Copyright Copyright ------------- ------------------------ --------- Copyright Applications COPYRIGHT APPLICATIONS Copyright Description of Copyright Date of Copyright Applications No. Applied For for Applications ---------------- ----------- ------------ 134 The Obligors and the Agent, on behalf of the Lenders, hereby acknowledge and agree that the security interest in the foregoing copyrights and copyright applications (i) may only be terminated in accordance with the terms of the Security Agreement and (ii) is not to be construed as an assignment of any copyright or copyright application. Very truly yours, __________________________________ [Obligor] By:: ______________________________ Name:: ____________________________ Title:: ___________________________ Acknowledged and Accepted: NATIONSBANK, N.A.FIRST UNION NATIONAL BANK, as Agent By:: ___________________________ Name:: _________________________ Title:: ________________________ 135 SCHEDULE 5(d)(ii5(f)(ii) NOTICE OF GRANT OF SECURITY INTEREST IN PATENTS United States Patent and Trademark Office Gentlemen: Please be advised that pursuant to the Security Agreement dated as of May 18July 2, 1998 (the "Security AgreementSECURITY AGREEMENT") by and among the Obligors party thereto (each an "ObligorOBLIGOR" and collectively, the "ObligorsOBLIGORS") and NationsBank, N.A.First Union National Bank, as Agent (the "AgentAGENT") for the Lenders lenders referenced therein (the "Lenders"), the undersigned Obligor has granted a continuing security interest in and continuing lien upon, the patents and patent applications shown below to the Agent for the ratable benefit of the Lenders:

Appears in 1 contract

Samples: Credit Agreement (Simonds Industries Inc)

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Rights of Required Lenders. All rights of the Agent hereunder, if not exercised by the Agent, may be exercised by the Required Lenders. Each of the parties hereto has caused a counterpart of this Security Agreement to be duly executed and delivered as of the date first above written. BORROWER: XXXXXX AMERICAN CORP., -------- a Delaware corporation By:___________________________ : /s/ Xxxxx X. Xxxxxx ------------------------------------- Name:_________________________ : Xxxxx X. Xxxxxx ----------------------------------- Title:________________________ : Director, President and Chief ---------------------------------- Executive Officer ---------------------------------- GUARANTORS: XXXXXX AMERICAN INVESTMENT CORP., ---------- a Delaware corporation By:___________________________ : /s/ Xxxxx X. Xxxxxx ------------------------------------- Name:_________________________ : Xxxxx X. Xxxxxx ----------------------------------- Title:________________________ : President ---------------------------------- XXXXXX AMERICAN GROUP, INC., a Delaware corporation By:___________________________ : /s/ Xxxxx X. Xxxxxx ------------------------------------- Name:_________________________ : Xxxxx X. Xxxxxx ----------------------------------- Title:________________________ : President ---------------------------------- CONSUMER DIRECT CORPORATION, a Delaware corporation By:___________________________ : /s/ Xxxxx X. Xxxxxx ------------------------------------- Name:_________________________ : Xxxxx X. Xxxxxx ----------------------------------- Title:________________________ : Director, President and Chief ---------------------------------- Executive Officer ---------------------------------- (Signatures Continued) ARROW FACTORY STORES, INC., a Delaware corporation By:___________________________ : /s/ Xxxxx X. Xxxxxx ------------------------------------- Name:_________________________ : Xxxxx X. Xxxxxx ----------------------------------- Title:________________________ : Chairman and Chief ---------------------------------- Executive Officer ---------------------------------- GAKM RESOURCES CORPORATION, a Delaware corporation By:___________________________ : /s/ Xxxxx X. Xxxxxx ------------------------------------- Name:_________________________ : Xxxxx X. Xxxxxx ----------------------------------- Title:________________________ : President ---------------------------------- XXXXXX PEABODY RESOURCES CORPORATION, a Delaware corporation By:___________________________ : /s/ Xxxxx X. Xxxxxx ------------------------------------- Name:_________________________ : Xxxxx X. Xxxxxx ----------------------------------- Title:________________________ : President ---------------------------------- XXXXXX XXXXXXX HOLDING CORP., a Delaware corporation By:___________________________ : /s/ Xxxxx X. Xxxxxx ------------------------------------- Name:_________________________ : Xxxxx X. Xxxxxx ----------------------------------- Title:________________________ : President ---------------------------------- (Signatures Continued) XXXXXX, PEABODY & CO., INC., a Delaware corporation By:___________________________ : /s/ Xxxxx X. Xxxxxx ------------------------------------- Name:_________________________ : Xxxxx X. Xxxxxx ----------------------------------- Title:________________________ : Chairman and Chief ---------------------------------- Executive Officer ---------------------------------- BIDERTEX SERVICES INC., a Delaware corporation By:___________________________ : /s/ Xxxxx X. Xxxxxx ------------------------------------- Name:_________________________ : Xxxxx X. Xxxxxx ----------------------------------- Title:________________________ : President ---------------------------------- GREAT AMERICAN KNITTING XXXXX, INC., a Delaware corporation By:___________________________ : /s/ Xxxxx X. Xxxxxx ------------------------------------- Name:_________________________ : Xxxxx X. Xxxxxx ----------------------------------- Title:________________________ : Chairman and Chief ---------------------------------- Executive Officer ---------------------------------- XXXXXX DESIGNER GROUP, INC., a Delaware corporation By:___________________________ : /s/ Xxxxx X. Xxxxxx ------------------------------------- Name:_________________________ : Xxxxx X. Xxxxxx ----------------------------------- Title:________________________ : Chairman and Chief ---------------------------------- Executive Officer ---------------------------------- Accepted and agreed to as of the date first above written. NATIONSBANK, N.A., as Agent By:___________________________ Name:_________________________ Title:________________________ SCHEDULE 1(b) INTELLECTUAL PROPERTY SCHEDULE 4(a) CHIEF EXECUTIVE OFFICE SCHEDULE 4(b) LOCATIONS OF COLLATERAL SCHEDULE 4(c) MERGERS, CONSOLIDATIONS, CHANGE IN STRUCTURE OR USE OF TRADENAMES SCHEDULE 5(d)(i) NOTICE OF GRANT OF SECURITY INTEREST IN COPYRIGHTS United States Copyright Office Gentlemen: Please be advised that pursuant to the Security Agreement dated as of May 18, 1998 (as the same may be amended, modified, extended or restated from time to time, the "Security Agreement") by and among the Obligors party thereto (each an "Obligor" and collectively, the "Obligors") and NationsBank, N.A., as Agent (the "Agent") for the Lenders referenced therein (the "Lenders"), the undersigned Obligor has granted a continuing security interest in and continuing lien upon, the copyrights and copyright applications shown below to the Agent for the ratable benefit of the Lenders: COPYRIGHTS Date of Copyright No. Description of Copyright Copyright ------------- ------------------------ --------- Copyright Applications Copyright Description of Copyright Date of Copyright Applications No. Applied For Applications ---------------- ----------- ------------ The Obligors and the Agent, on behalf of the Lenders, hereby acknowledge and agree that the security interest in the foregoing copyrights and copyright applications (i) may only be terminated in accordance with the terms of the Security Agreement and (ii) is not to be construed as an assignment of any copyright or copyright application. Very truly yours, ________________________________ [Obligor] By:_____________________________ Name:___________________________ Title:__________________________ Acknowledged and Accepted: NATIONSBANK, N.A., as Agent By:_________________________ Name:_______________________ Title:______________________ SCHEDULE 5(d)(ii) NOTICE OF GRANT OF SECURITY INTEREST IN PATENTS United States Patent and Trademark Office Gentlemen: Please be advised that pursuant to the Security Agreement dated as of May 18, 1998 (the "Security Agreement") by and among the Obligors party thereto (each an "Obligor" and collectively, the "Obligors") and NationsBank, N.A., as Agent (the "Agent") for the Lenders referenced therein (the "Lenders"), the undersigned Obligor has granted a continuing security interest in and continuing lien upon, the patents and patent applications shown below to the Agent for the ratable benefit of the Lenders:

Appears in 1 contract

Samples: Security Agreement (Cluett Peabody & Co Inc /De)

Rights of Required Lenders. All rights of the Administrative Agent hereunder, if not exercised by the Administrative Agent, may be exercised by the Required Lenders. Each of the parties hereto has caused a counterpart of this Security Agreement to be duly executed and delivered as of the date first above written. BORROWER: XXXXXX AMERICAN CORP.MODTECH HOLDINGS, a Delaware corporation INC. By:_________________________________________ Name:_______________________________________ Title:______________________________________ GUARANTORS: XXXXXX AMERICAN INVESTMENT CORP.MODTECH, a Delaware corporation INC. By:_________________________________________ Name:_______________________________________ Title:______________________________________ XXXXXX AMERICAN GROUPSPI HOLDINGS, INC., a Delaware corporation . By:_________________________________________ Name:_______________________________________ Title:______________________________________ CONSUMER DIRECT CORPORATIONSPI MANUFACTURING, a Delaware corporation INC. By:_________________________________________ Name:_______________________________________ Title:______________________________________ (Signatures Continued) ARROW FACTORY STORESOFFICE MASTER OF TEXAS, INC., a Delaware corporation . By:_________________________________________ Name:_______________________________________ Title:______________________________________ GAKM RESOURCES CORPORATIONROSEWOOD ENTERPRISES, a Delaware corporation INC. By:_________________________________________ Name:_______________________________________ Title:______________________________________ XXXXXX PEABODY RESOURCES CORPORATIONTRAC MODULAR MANUFACTURING, a Delaware corporation INC. 21 196 By:_________________________________________ Name:_______________________________________ Title:______________________________________ XXXXXX XXXXXXX HOLDING CORP.A SPACE, a Delaware corporation INC. By:_________________________________________ Name:_______________________________________ Title:______________________________________ (Signatures Continued) XXXXXXAccepted and agreed to as of the date first above written. NATIONSBANK, PEABODY & CO.N.A., INC., a Delaware corporation as Administrative Agent By:____________________________ Name:_________________________ Title:________________________ BIDERTEX SERVICES INC., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ GREAT AMERICAN KNITTING XXXXX, INC., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ XXXXXX DESIGNER GROUP, INC., a Delaware corporation By:___________________________ Name:_________________________ Title:________________________ Accepted and agreed to as of the date first above written. NATIONSBANK, N.A., as Agent By:___________________________ Name:_________________________ Title:________________________ 22 197 SCHEDULE 1(b) INTELLECTUAL PROPERTY 198 SCHEDULE 4(a) CHIEF EXECUTIVE OFFICE 199 SCHEDULE 4(b) LOCATIONS OF COLLATERAL 200 SCHEDULE 4(c) MERGERS, CONSOLIDATIONS, CHANGE IN STRUCTURE OR USE OF TRADENAMES 201 SCHEDULE 5(d)(i5(f)(i) NOTICE OF GRANT OF SECURITY INTEREST IN COPYRIGHTS United States Copyright Office Gentlemen: Please be advised that pursuant to the Security Agreement dated as of May 18February 16, 1998 1999 (as the same may be amended, modified, extended or restated from time to time, the "Security Agreement") by and among the Obligors party thereto (each an "Obligor" and collectively, the "Obligors") and NationsBank, N.A., as Administrative Agent (the "Administrative Agent") for the Lenders referenced therein (the "Lenders"), the undersigned Obligor has granted a continuing security interest in and continuing lien upon, the copyrights and copyright applications shown below to the Administrative Agent for the ratable benefit of the Lenders: COPYRIGHTS Date of Copyright No. Description of Copyright Copyright ------------- ------------------------ --------- Copyright Applications Copyright Description of Copyright Date of Copyright Applications No. Applied For Applications ---------------- ----------- ------------ ------------------------ ----------------- 202 The Obligors and the Administrative Agent, on behalf of the Lenders, hereby acknowledge and agree that the security interest in the foregoing copyrights and copyright applications (i) may only be terminated in accordance with the terms of the Security Agreement and (ii) is not to be construed as an assignment of any copyright or copyright application. Very truly yours, ____________________________________________ [Obligor] By:_________________________________________ Name:_______________________________________ Title:______________________________________ Acknowledged and Accepted: NATIONSBANK, N.A., as Administrative Agent By:____________________________ Name:__________________________ Title:_________________________ 203 SCHEDULE 5(d)(ii5(f)(ii) NOTICE OF GRANT OF SECURITY INTEREST IN PATENTS United States Patent and Trademark Office Gentlemen: Please be advised that pursuant to the Security Agreement dated as of May 18February 16, 1998 1999 (the "Security Agreement") by and among the Obligors party thereto (each an "Obligor" and collectively, the "Obligors") and NationsBank, N.A., as Administrative Agent (the "Administrative Agent") for the Lenders referenced therein (the "Lenders"), the undersigned Obligor has granted a continuing security interest in and continuing lien upon, the patents and patent applications shown below to the Administrative Agent for the ratable benefit of the Lenders:

Appears in 1 contract

Samples: Credit Agreement (Modtech Holdings Inc)

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