ContractSecurity Agreement • May 5th, 2020
Contract Type FiledMay 5th, 2020<DOCUMENT> <TYPE>EX-10.16 <SEQUENCE>12 <FILENAME>c88902a1exv10w16.txt <DESCRIPTION>SECURITY AGREEMENT <TEXT> <PAGE> EXHIBIT 10.16 SECURITY AGREEMENT THIS SECURITY AGREEMENT (this "Agreement"), dated as of June 29, 2004, is made by VISKASE COMPANIES, INC., a Delaware corporation (the "Company"), and each of its Domestic Restricted Subsidiaries hereafter party hereto (such Subsidiaries, together with Company, each, a "Debtor" and, collectively, the "Debtors"), in favor of LASALLE BANK NATIONAL ASSOCIATION ("LaSalle"), as collateral agent (together with its successor(s) thereto in such capacity, "Collateral Agent") for the Trustee and Holders, in light of the following: WHEREAS, the Company and LaSalle, as Collateral Agent and as trustee (in such capacity, the "Trustee"), have entered into an Indenture, dated as of June 29, 2004 (as amended, restated, supplemented or otherwise modified from time to time, the "Indenture"), pursuant to which the Company has issued 90,000 Units (and, togethe