SECURITY AGREEMENTSecurity Agreement • April 27th, 2010 • Orleans Homebuilders Inc • Operative builders • Pennsylvania
This SECURITY AGREEMENT (this “Agreement”) is dated as of April 21, 2010 and entered into by and among Orleans Homebuilders, Inc., a Delaware corporation (the “Parent”), Greenwood Financial, Inc., a Delaware corporation (the “Master Borrower”) and certain of the Parent’s subsidiaries party hereto (the “Other Borrowers”) (each of the Parent, the Master Borrower and the Other Borrowers being individually a “Grantor” and collectively the “Grantors”) and Wells Fargo Bank, National Association, as agent for the Lenders (as defined below) (in such capacity, the “Agent” or the “Secured Party”).
