Security Agreement Amendments. The Security Agreement is hereby amended as follows:
Security Agreement Amendments. In reliance on the representations, warranties, covenants and agreements contained in this First Amendment, the Security Agreement shall be amended effective as of the date hereof in the manner provided in this Section 1.
Security Agreement Amendments. The Administrative Agent shall have received executed counterparts of (a) the Security Agreement Amendment, the West Shore Security Agreement Amendment and the Basin Security Agreement Amendment executed by the Borrower, West Shore and Basin, respectively, together with (b) executed copies of proper Uniform Commercial Code Form UCC-3 statements, if any, necessary to assign to the Administrative Agent and the Lenders all Liens and other rights of any Person as a valid, perfected first priority Lien (i) in any collateral described in the Security Agreement, the West Shore Security Agreement and the Basin Security Agreement, respectively, previously granted by any Person, and (ii) securing any of the Indebtedness under this Agreement, and (c) certified copies of Uniform Commercial Code Requests for Information or Copies (Form UCC-11), or a similar search report certified by a party acceptable to the Administrative Agent, dated a date reasonably near to the date of the initial Borrowing, listing all effective financing statements which name the Borrower, MarkWest Resources, MarkWest Michigan, West Shore or Basin (under their present names and any previous names) as the debtor and which are filed in the jurisdictions in which filings were made pursuant to CLAUSE (A) above, together with copies of such financing statements, none of which shall cover any collateral described in the Security Agreement, the West Shore Security Agreement or the Basin Security Agreement.
Security Agreement Amendments. Subject to the satisfaction of the conditions precedent specified in Section 12 below, but effective as of the date hereof, the Security Agreements executed in connection with the Credit Agreements are hereby amended as follows:
Security Agreement Amendments. The Lenders hereby consent to an amendment to (a) the Dutch Receivables Pledge to amend Sections 2.2.2 and 2.3.2 thereof to reflect the time periods for delivery and registration of supplement deeds of pledge set forth in Section 5.17(a) and (b), (b) the Dutch Collection Account Pledge to insert the defined term “Collection Account” and (c) the UK Security Agreement as set forth in the deed of supplemental security and amendment, as attached as Exhibit F.
Security Agreement Amendments. (A) Section 4(a) of each Original Security Agreement is hereby amended by replacing the reference to “Designated Account” in clause (i) with “Specified Account”;
Security Agreement Amendments. Section 6.5 of the Security Agreement is hereby amended by deleting clauses First through Fourth therein, and substituting in lieu thereof the following: “First, to pay incurred and unpaid fees and expenses of the Administrative Agent and the Collateral Agent under the Loan Documents; Second, to the Collateral Agent, for application by it towards payment of amounts then due and owing and remaining unpaid in respect of the Obligations (other than Obligations in respect of Specified Cash Management Agreements and Specified Swap Agreements), pro rata among the Secured Parties according to the amounts of the Obligations (other than Obligations in respect of Specified Cash Management Agreements and Specified Swap Agreements) then due and owing and remaining unpaid to the Secured Parties; Third, to the Collateral Agent, for application by it towards prepayment of the Obligations (other than Obligations in respect of Specified Cash Management Agreements and Specified Swap Agreements), pro rata among the Secured Parties according to the amounts of the Obligations (other than Obligations in respect of Specified Cash Management Agreements and Specified Swap Agreements) then held by the Secured Parties; Fourth, to the Collateral Agent, for application by it towards payment of amounts then due and owing and remaining unpaid in respect of the Obligations in respect of Specified Cash Management Agreements and Specified Swap Agreements, pro rata among the Secured Parties according to the amounts of the Obligations in respect of Specified Cash Management Agreements and Specified Swap Agreements then due and owing and remaining unpaid to the Secured Parties; Fifth, to the Collateral Agent, for application by it towards prepayment of the Obligations in respect of Specified Cash Management Agreements and Specified Swap Agreements, pro rata among the Secured Parties according to the amounts of the Obligations in respect of Specified Cash Management Agreements and Specified Swap Agreements then held by the Secured Parties; and Sixth, any balance remaining after the Obligations shall have been paid in full, no Letters of Credit shall be outstanding and the Commitments shall have terminated shall be paid over to the Borrower or to whomsoever may be lawfully entitled to receive the same.”
Security Agreement Amendments. Subject to the satisfaction of the conditions set forth in Section Four hereof:
Security Agreement Amendments. 5.1.7. Affirmation and Consent............................... 5.1.8.
Security Agreement Amendments. The Documentation Agent ----------------------------- shall have received executed counterparts of each Security Agreement Amendment, duly executed by Xxxxxx, AmeriTel, Xxxxxx STC and Xxxxxx Invision, as applicable, together with
