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Security for the Credit Facility Sample Clauses

Security for the Credit Facility. As security for the due and punctual payment and performance of the terms and provisions of this Credit Agreement, the Notes and all of the other Loan Documents, the Security Documentation shall be executed and delivered, as of the Closing Date, by the respective parties to each of the Security Documentation.
Sample 1Sample 2Sample 3See All (11)
Security for the Credit Facility. As security for the Credit Facility and the borrowings under this Agreement with respect thereto: ( a) Borrower has granted unto and in favor of Banks a first mortgage lien upon certain real property situated in Houma, Terrebonne Parish, Louisiana, evidenced by: (i) That certain Collateral Mortgage Note of GIF, dated December 17, 1986, in the principal sum of $6,500,000.00, bearing interest at the rate of eighteen percent (18%), per annum, from date until paid, and payable to the order of Bearer, as corrected by that certain Act of Correction of Collateral Mortgage Note by GIF, First NBC and Xxxxxxx X. Xxxxx, dated July 27, 1989 (the "GIF Property Collateral Note Act of Correction"), a copy of which Collateral Mortgage Note, together with the Act of Correction, is annexed to the Fourth Loan Agreement (such Collateral Mortgage Note, as corrected by the GIF Property Collateral Note Act of Correction, as further amended, extended and renewed from time to time, hereinafter referred to as the "GIF Property Collateral Note"); (ii) That certain Act of Collateral Mortgage of GIF, dated December 17, 1986, in favor of Mortgagee and any and all future holders, recorded in the mortgage records of Terrebonne Parish, Louisiana, in Mortgage Book Xx. 000, xxxxx 000, xxxxx Xxxxx Xx. 000000, which mortgage secures the GIF Property Collateral Note, as supplemented and amended by that certain Act of Supplement and Amendment to Act of Collateral Mortgage by GIF in favor of Mortgagee and any and all future holders, dated July 27, 1989, recorded in the mortgage records of Terrebonne Parish, Louisiana, in Mortgage Book Xx. 000, xxxxx 000, xxxxx Xxxxx Xx. 000000 (the "GIF Property Collateral Mortgage Supplement and Amendment"), a copy of which Act of Collateral Mortgage, together with the GIF Property Collateral Mortgage Supplement and Amendment, is annexed to the Fourth Loan Agreement (such Act of Collateral Mortgage, as supplemented and amended by the GIF Property Collateral Mortgage Supplement and Amendment, and as further supplemented, amended and reinscribed from time to time, hereinafter referred to as the "GIF Property Collateral Mortgage"); (iii) That certain Collateral Pledge Agreement and Receipt No. 32070, dated December 17, 1986, by GIF to First NBC, with respect to the GIF Property Collateral Note, as amended by that certain First Amendment to Collateral Pledge Agreement, dated as of November 3, 1987, by and between GIF and First NBC (the "GIF Property First Pledge Am...
Sample 1
Security for the Credit Facility. As security for the due and punctual payment and performance of the terms and provisions of this Credit Agreement, the Revolving Credit Note and all of the other Loan Documents, the Security Documentation shall be executed and delivered to Lender, as of the Closing Date, by the respective parties thereto. The Collateral Guarantor hereby acknowledges that it will receive direct economic benefits from the Credit Facility as the owner of the FPG Real Property and FPG FF&E and agrees to execute the Security Documentation, as required by Lender, for the purpose of encumbering all of its right, title and interest in and to the FPG FF&E and other Collateral therein described as security for repayment of the Credit Facility. The Collateral Guarantor further acknowledges that but for its agreement to encumber all of its right, title and interest in and to the FPG FF&E and other Collateral as described in the Security Documentation, Lender would not establish the Credit Facility in favor of Borrower nor advance any Borrowings hereunder.
Sample 1
Security for the Credit Facility. As security for the due and punctual payment and performance of the terms and provisions of this Credit Agreement, the Notes and all of the other Security Documentation shall be executed and delivered to Agent Bank, as of the Closing Date, by the respective parties to each of the Security Documentation and recorded and/or filed in each applicable jurisdiction as required by the Closing Instructions. The Security Documentation shall be subordinate to the Senior Indenture Security Documents with respect to the Senior Indenture Collateral until the Senior Indenture Security Documents are terminated and released.
Sample 1
Security for the Credit Facility. To secure the payment of the debts, liabilities and obligations of Borrower (whether now existing or hereafter incurred or arising) under the Note, the obligations of Borrower (whether now existing or hereafter incurred or arising) evidenced by or arising under this Agreement and all obligations (whether now existing or hereafter incurred or arising) of Borrower to Bank contained in the other Loan Documents (as hereinafter defined), whether direct or indirect, absolute or contingent (hereinafter collectively called the “Liabilities”), Borrower is executing and delivering to Bank one or more Assignments of Accounts whereby Borrower grants to Bank a security interest in certain accounts of Borrower at Bank or at affiliates of Bank (each such Assignments of Account and all amendments and/or modifications thereof being herein called the “Deposit Account Pledge”) and Borrower is executing and delivering to Bank a Fifth Amended and Restated Assignment Agreement whereby Borrower assigns to Bank certain rights of Borrower with respect to certain contract documents described therein (such Fifth Amended and Restated Assignment Agreement and all amendments and modifications thereof being herein called the “Assignment of Agreements”).
Sample 1

Related to Security for the Credit Facility

  • 01 of the Credit Agreement Section 1.01 of the Credit Agreement is hereby amended as follows:

  • The Credit Facility 2.1 The Revolving Credit Facility Each Lender severally agrees, on the terms and conditions set forth herein, to make loans to the Borrower (each such loan, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding, together with the principal amount of Term Loans outstanding in favor of such Lender at such time, the amount set forth next to such Lender’s name on Schedule 1 (such amount together with the Lender’s Pro Rata Share of the Term Commitment, as the same may be reduced under Section 2.10 or as a result of one or more assignments under Section 10.8, the Lender’s “Commitment”); provided, however, that, after giving effect to any Borrowing of Revolving Loans, the Effective Amount of all outstanding Revolving Loans shall not at any time exceed the combined Commitments; and provided further that the Effective Amount of the Revolving Loans, together with all Term Loans outstanding at such time, of any Lender shall not at any time exceed such Lender’s Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1, prepay under Section 3.3 and reborrow under this Section 2.1.

  • of the Credit Agreement Section 6.02 of the Credit Agreement is hereby amended as follows:

  • The Credit Facilities Section 2.1 The Revolving Credit Facility.

  • Continuing Security Interest; Assignments under the Credit Agreement This Agreement shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until the latest of (i) the payment in full in cash of the Secured Obligations, (ii) the Termination Date and (iii) the termination or expiration of all Letters of Credit and all Secured Hedge Agreements, (b) be binding upon each Grantor, its successors and assigns and (c) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Secured Parties and their respective successors, transferees and assigns. Without limiting the generality of the foregoing clause (c), any Lender Party may assign or otherwise transfer all or any portion of its rights and obligations under the Credit Agreement (including, without limitation, all or any portion of its Commitments, the Advances owing to it and the Note or Notes, if any, held by it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Lender Party herein or otherwise, in each case as provided in Section 8.07 of the Credit Agreement.

  • Amendment of the Credit Agreement Effective as of the Amendment Effective Date, the Credit Agreement is hereby amended as follows: (a) The following definitions are added in the appropriate alphabetical order to Section 1.01 of the Credit Agreement:

  • Amendments to the Credit Agreement (a) Section 1.01 of the Credit Agreement, Definitions, is hereby amended by adding the following definitions in the appropriate alphabetical order:

  • The Credit Agreement The Notes executed by the Borrower and delivered on the date hereof. The documents described in the foregoing clauses (a) and (b) are collectively referred to herein as the “Opinion Documents.” We have also reviewed originals or copies of such other agreements and documents as we have deemed necessary as a basis for the opinion expressed below. In our review of the Opinion Documents and other documents, we have assumed:

  • Continuing Effect of the Credit Agreement This Amendment shall not constitute a waiver of any provision not expressly referred to herein and shall not be construed as a consent to any action on the part of the Borrowers or Guarantors that would require a waiver or consent of the Lenders or an amendment or modification to any term of the Loan Documents except as expressly stated herein. Except as expressly modified hereby, the provisions of the Credit Agreement and the Loan Documents are and shall remain in full force and effect.

  • Continuing Guaranty; Assignments under the Credit Agreement This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the latest of (i) the payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty, (ii) the Maturity Date and (iii) the latest date of expiration, termination or Cash Collateralization or provision of Credit Support therefor of all Letters of Credit and the expiration or termination of all Secured Hedge Agreements, (b) be binding upon each Guarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Secured Parties and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Secured Party may assign or otherwise transfer all or any portion of its rights and obligations under the Credit Agreement (including, without limitation, all or any portion of its Commitments, the Loans owing to it and the Note or Notes held by it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party herein or otherwise, in each case as and to the extent provided in Section 10.07 of the Credit Agreement. Subject to Section 7.04 of the Credit Agreement, no Guarantor shall have the right to assign its rights hereunder or any interest herein without the prior written consent of the Secured Parties.

Most Referenced Clauses

Most Referenced Definitions