AMENDED AND RESTATED SECURITY AGREEMENTSecurity Agreement • December 22nd, 2016 • BFC Financial Corp • Real estate • New York
This Amended and Restated Security Agreement (this “Agreement”) is dated as of December 16, 2016, by and among Bluegreen Corporation, a Florida corporation (the “Borrower”), Bluegreen Vacations Unlimited, Inc., a Florida corporation (“BVU”), and Bluegreen Resorts Management, Inc. (“BRM”), a Delaware corporation, (each of BVU and BRM, individually, a “Grantor”, and, collectively, the “Grantors”), with the mailing address of the Grantors as set forth in Section 14(b) below, and Fifth Third Bank, an Ohio banking corporation (“Fifth Third”), with its mailing address as set forth in Section 14(b) below, acting as administrative agent hereunder for the Secured Creditors hereinafter identified and defined (Fifth Third acting as such administrative agent and any successor or successors to Fifth Third acting in such capacity being hereinafter referred to as the “Administrative Agent”).
