Badcock Security Documents definition
Badcock Security Documents means the Badcock Collateral Agreement, the Badcock Mortgages (if any) and each other security agreement or pledge agreement executed and delivered pursuant to the “Badcock Collateral and Guarantee Requirement” and/or Section 5.12(a) (solely as it may relate to Badcock) or Section 5.12(c) to secure any of the Secured Obligations.
Examples of Badcock Security Documents in a sentence
Upon the release of any Subsidiary Loan Party from its Guarantee or Badcock Guarantee, as the case may be, in compliance with this Agreement, the security interest in any Collateral or Badcock Collateral owned by such Subsidiary created by the Security Documents or the Badcock Security Documents, as the case may be, shall be automatically released.
Upon termination of the aggregate Commitments and payment in full of all Secured Obligations (other than contingent indemnification obligations), all obligations under the Loan Documents and all security interests created by the Security Documents and the Badcock Security Documents shall be automatically released.