Security Agreement Amendments. The Security Agreement shall be amended as follows:
(a) Section 1.01 of the Security Agreement shall be amended by: (i) deleting the definition of “Engine”; (ii) deleting the words “Engines or” after “other than (a)” in the first line of the definition of “Parts”; (iii) deleting the reference to “Engine MSNs” from Annex I to the form of the Collateral Supplement and the Grantor Supplement; and (iv) replacing each other reference to “Engine” or “Engines” with the word “engine” or “engines”, respectively.
(b) Section 2.06(a) of the Security Agreement shall be amended by adding the words “(or within the time period set forth in Section 5.20(c)(ii) of the Credit Agreement, if applicable)” at the end of the penultimate sentence.
(c) Section 2.15 of the Security Agreement shall be amended by adding the words “(other than an aircraft engine” after the words “acquisition by any Owner Subsidiary of an Aircraft Object” in the last sentence.
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. Upon the effectiveness of this Amendment, the Security Agreement is 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”;
(B) Section 5(g) of each Original Security Agreement is hereby amended by deleting the phrase “of any Designated Account or any Excluded Account” and replacing such phrase with “of any Specified Account”; and
(C) Section 7(a) of each Original Security Agreement is hereby amended by deleting the phrase “and neither the Collateral Agent nor the Required Holders have delivered the notice specified in Section 7(b)” from the lead-in to such Section.
Security Agreement Amendments. The undersigned Lenders, constituting Requisite Lenders under the Credit Agreement, hereby authorize Administrative Agent, as Secured Party, to (i) execute one or more amendments to the Security Agreement substantially in the form of Exhibit I hereto (collectively, the "Security Agreement Amendment") in order in each case to release all of the shares of capital stock of SG-Austria, SGIL, SGUK, Scientific Games Foreign Sales Corporation and MHSP that were pledged on the Closing Date as collateral for the Obligations, (ii) enter into such other forms of release as may be reasonably required solely for the purpose of releasing such shares of capital stock in accordance with the laws of England and Wales, Austria, Barbados or the State of New York, as applicable (in each case at the expense of Company), (iii) release all of the shares of capital stock of SGIL upon receiving an Officer's Certificate from Company certifying that such shares are no longer owned directly by Company or any Subsidiary Guarantor, (iv) release all of the shares of capital stock of SGUK upon receiving an Officer's Certificate from Company certifying that such shares are no longer owned directly by Company or any Subsidiary Guarantor, (v) release all of the shares of capital stock of SG-Austria upon receiving an Officer's Certificate from Company certifying that the Austrian Tax Reorganization has been completed, (vi) release all of the shares of capital stock of Scientific Games Foreign Sales Corporation upon receiving a copy of the official dissolution certificate with respect to the dissolution of Scientific Games Foreign Sales Corporation, and (vii) release all of the shares of capital stock of MHSP on the MHSP Sale Date upon receiving an Officer's Certificate from Company certifying that such shares are being sold in the MHSP Sale and execute and deliver to MHSP such documents (including but not limited to UCC-3 Termination Statements) as MHSP shall reasonably request to evidence such release.
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
(a) duly executed appropriate Uniform Commercial Code financing statements (Form UCC-1), naming the grantor thereunder as the debtor and the Administrative Agent as the secured party or other similar instruments or documents, such documents to be suitable for filing under the Uniform Commercial Code of all jurisdictions as may be necessary or, in the opinion of the Administrative Agent, desirable to perfect the security interest of the Administrative Agent pursuant to the applicable Security Agreement Amendment;
(b) executed copies of proper Uniform Commercial Code Form UCC-3 termination statements, if any, necessary to release all Liens and other rights of any Person
(i) in any collateral described in such Security Agreement Amendment previously granted by any Person, and
(ii) if applicable, securing any of the Indebtedness identified in Item 7.2.2(b) ("Indebtedness to be Paid") of the Disclosure Schedule, together ------------- with such other Uniform Commercial Code Form UCC-3 termination statements as the Documentation Agent may reasonably request from such grantor; 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 such grantor (under its present name 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 (other than those described in clause (a), if such Form UCC-11 or search ---------- report, as the case may be, is current enough to list such financing statements described in clause (a)) shall cover any collateral described in such Security ---------- Agreement Amendment).
Security Agreement Amendments. Subject to the satisfaction of the conditions set forth in Section Four hereof:
(1) Section 2 of the Security Agreement is hereby amended by inserting the following sentence at the end of such Section: “Notwithstanding anything to the contrary contained in this Security Agreement or any provision of any other Loan Document, the Secured Obligations shall not extend to or include any Excluded Swap Obligation (as defined below).
Security Agreement Amendments. SECTION 2.1. References. Unless specifically defined in Article II, each term used in Article II which is defined in the Security Agreement shall have the meaning assigned to such term in the Security Agreement.
