Security Interests Priorities Remedies. 2.1 Each Agent hereby acknowledges that the Metals Bank’s consignment interest in the Metals Collateral and the security interests granted by Borrowers to Metals Bank in the Metals Collateral shall constitute a first priority secured Lien upon the Metals Collateral to secure the Metals Obligations; provided, however, that the aggregate amount of the Metals Bank’s Lien upon the Metals Collateral which shall be entitled to priority over the Liens in favor of the First Lien Creditors and the Second Lien Creditors shall not exceed an amount (the “Metals Obligations Lien Priority Limit”) calculated from time to time as the least of: (a) the total amount of the Metals Obligations, (b) the Value of one hundred fifteen percent (115%) of the total quantity of Consigned Precious Metal outstanding under the Metals Agreement as determined in accordance with the Metals Agreement, and (c) the Value of forty-six thousand (46,000) fine xxxx ounces of Platinum. Agents hereby consent to such Liens in favor of Metals Bank.
Security Interests Priorities Remedies. 2.1 Agent acknowledges that Trustee acting for its benefit and for the benefit and on behalf of the Noteholders has been granted Liens upon all of the Revolving Loan Collateral and the Senior Note Collateral pursuant to the Senior Note Agreements to secure the Senior Note Debt. Trustee acknowledges that Agent acting for its benefit and for the benefit and on behalf of the Lenders has been granted Liens upon the Revolving Loan Collateral and the Senior Note Collateral pursuant to the Revolving Agreements to secure the Revolving Loan Debt.
Security Interests Priorities Remedies. 2.1. GMAC Facility Agent hereby acknowledges that Note Agent, for the benefit of itself, the Trustee and the Noteholders, has been granted Liens upon all of the Collateral pursuant to the Note Documents to secure the Note Debt. Note Agent hereby acknowledges that GMAC Facility Agent, for the benefit of the GMAC Facility Lenders, (a) has been granted Liens upon all of the Working Capital Collateral pursuant to the GMAC Facility Loan Documents to secure the GMAC Facility Debt and (b) may, at the option of one or more Obligors, be granted Liens upon the Note Collateral pursuant to the GMAC Facility Loan Documents to secure the GMAC Facility Debt.
Security Interests Priorities Remedies. 3.1 Acknowledgment of Liens; Priorities. -----------------------------------
Security Interests Priorities Remedies. 2.1 Working Capital Agent hereby acknowledges that Term Loan Agent, acting for and on behalf of itself and the Term Loan Lenders, has been granted, or may be granted, Liens upon all of Collateral, including the Working Capital Priority Collateral, pursuant to the Term Loan Agreements to secure the Term Loan Debt; consents thereto; and waives any Working Capital Default in regard thereto. Term Loan Agent hereby acknowledges that Working Capital Agent, acting for and on behalf of itself and the Working Capital Lenders, has been granted, or may be granted, Liens upon all of the Collateral, including the Term Loan Priority Collateral, pursuant to the Working Capital Loan Agreements to secure the Working Capital Debt; consents thereto; and waives any Term Loan Default in regard thereto.
Security Interests Priorities Remedies. 4.1 The Trustee, on behalf of the holders of Notes Secured Obligations, any Agent, the New Bar Mill Lenders and each Existing Secured Creditor hereby acknowledge that each such other Secured Creditor has been granted a Lien upon some or all of the Collateral pursuant to the Security Documents in effect on the date hereof, true and complete copies of which have been made available to such Secured Creditors and the Collateral Agent.
Security Interests Priorities Remedies. (a) Each of the Creditors and the Collateral Agent agrees that it will not obtain or acquire a further Lien over any Collateral without the prior written consent of both Creditors. The Obligor agrees that it will not grant to any Creditor, the Collateral Agent or any other Person, a further Lien over any Collateral, without the prior written consent of both Creditors, except as provided herein.
Security Interests Priorities Remedies. 2.1 Each Revolving Loan Lender hereby acknowledges that the Term Loan Collateral Agent acting for and on behalf of the Term Loan Lenders has been granted Liens upon all of the Collateral pursuant to the Term Loan Lender Agreements to secure the Term Loan Debt. Each Revolving Loan Lender acknowledges that the Term Lender Lessors have been granted Liens in the respective real property and fixtures subject to the Term Lender Lease (as in effect on the date hereof) to which such Term Lender Lessor is a party as lessor. Each Term Loan Lender hereby acknowledges that Revolving Loan Agent has been granted Liens upon the Collateral pursuant to the Revolving Loan Agreements to secure the Revolving Loan Debt. The Term Lender Lessors do not have any Liens in any assets or properties of Debtors, except (a) the interest of Selco in the real property and fixtures subject to the Miamisburg Headquarters Lease as of the date hereof, (b) the interest of Asset Holdings in the real property and fixtures subject to the Sussex Lease as of the date hereof, (c) the interest of Prudential in the real property and fixtures subject to the Farmington Lease as of the date hereof and (d) the indirect interests of Term Lender Lessors in the Term Loan Priority Collateral to the extent of the Liens granted by any Debtor to Term Loan Collateral Agent as agent on behalf of and for the benefit of Term Lender Lessors. Notwithstanding anything to the contrary contained herein, Term Loan Collateral Agent is not acting as agent for Term Lender Lessors, except to the extent that Term Loan Collateral Agent has been granted Liens on the Term Loan Priority Collateral for the benefit of Term Lender Lessors subject to the priorities and other terms hereof.
Security Interests Priorities Remedies. 2.1 Each Creditor hereby acknowledges that the other Creditor has been granted a Lien upon the Collateral.
Security Interests Priorities Remedies. 2.1 Exchanged Note Agent on behalf of itself and each Exchanged Note Noteholder hereby acknowledges that (i) Bridge Note Agent acting for and on behalf of the Bridge Noteholders has been granted Liens upon all of the Bridge Note Collateral pursuant to the Bridge Note Transaction Documents to secure the Bridge Note Debt and (ii) neither the Exchanged Note Agent nor any Exchanged Noteholder has any Lien in any of the Bridge Note Exclusive Collateral. Bridge Note Agent on behalf of itself and each Bridge Noteholder hereby acknowledge that Exchanged Note Agent acting for and on behalf of the Exchanged Note Noteholders has been granted Liens upon the Exchanged Note Collateral pursuant to the Exchanged Note Transaction Documents to secure the Exchanged Note Debt.
