JOINT VENTURE INTEREST SECURITY AGREEMENTJoint Venture Interest Security Agreement • April 11th, 2002 • Hawaii Parking Maintenance Inc • Services-auto rental & leasing (no drivers) • New York
THIS JOINT VENTURE INTEREST SECURITY AGREEMENT dated as of January 11, 2002, is by and between APCOA/STANDARD PARKING, INC., a Delaware corporation (the “Borrower”), and WILMINGTON TRUST COMPANY, as trustee and collateral agent (hereinafter, in such capacity, the “Agent”) for itself and the several holders (the “Holders”) of the 14% Senior Subordinated Second Lien Notes due 2006 (the “Notes”) issued by the Borrower, pursuant to an indenture dated as of even date herewith (as amended, supplemented or otherwise modified from time to time, the “Indenture”), among the Borrower, each of the Borrower’s subsidiaries named on the signature pages thereto (the “Guarantors”) and the Agent.
