Examples of Additional Security Agreement in a sentence
Notwithstanding anything to the contrary contained herein, if the Intercreditor Agreement shall remain outstanding, the rights granted to the Lenders hereunder, the lien and security interest granted to the Collateral Agent pursuant to the Additional Security Agreement and the exercise of any right or remedy by the Collateral Agent hereunder or thereunder shall be subject to the terms and conditions of the Intercreditor Agreement.
The Lenders hereby irrevocably appoint the Collateral Agent to act as the agent of each Lender for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by the Issuer under and in accordance with the terms of the Additional Security Agreement, together with such powers and discretion as are reasonably incidental thereto.
All corporate action on the part of the Issuer necessary for the execution and delivery of this Agreement, the Additional Security Agreement and the Notes, the performance of all obligations of the Issuer under this Agreement, the Additional Security Agreement and the Notes and the authorization, sale, issuance and delivery of the Notes has been taken.
Any notice required to be given by Secured Party of a sale or other disposition or other intended action by Secured Party with respect to any of the Collateral or otherwise which is made in accordance with the terms of this Additional Security Agreement at least five (5) days prior to such proposed action, shall constitute fair and reasonable notice to Debtor of any such action.
Trustee, pursuant to any Additional Security Agreement, for the benefit of the Noteholders of such Series of a first priority security interest in the Issuer’s rights in certain other assets held by the Issuer.