Existing Security Agreement definition

Existing Security Agreement has the meaning set forth in the recitals hereto.

Existing Security Agreement means the “Security Agreement” as defined in the Existing Credit Agreement.

Existing Security Agreement shall have the meaning assigned to such term in the Recitals.

Examples of Existing Security Agreement in a sentence

• This Lease shall be subject and subordinate to any Security Agreement (other than a ground lease) existing as of the date of mutual execution and delivery of this Lease (as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, an “Existing Security Agreement”) or any loan document secured by any Existing Security Agreement (an “Existing Loan Document”).

• Notwithstanding the foregoing, in the event the Security Holder under any Existing Security Agreement or Existing Loan Document shall have entered into a separate subordination, attornment and non-disturbance agreement directly with Tenant governing Tenant’s obligation to attorn to the Security Holder or such successor in interest as lessor, the terms and provisions of such agreement shall supersede the provisions of this Subsection.

• This Agreement amends and restates the Existing Security Agreement.

• This Security Agreement shall constitute an amendment and restatement of all of the terms and conditions of the Existing Security Agreement.

• On the date hereof, without further action by any party to this Agreement or the Existing Security Agreement, each of the Released Parties shall cease to be a Subsidiary Grantor under the Existing Security Agreement, and shall not be deemed a Subsidiary Grantor under this Agreement.

More Definitions of Existing Security Agreement

Existing Security Agreement has the meaning assigned to such term in the recitals of this Agreement.

Existing Security Agreement shall have the meaning set forth in the recitals of this Security Agreement.

Existing Security Agreement is defined in the first recital.

Existing Security Agreement is defined in the second recital.

Existing Security Agreement is defined in the recitals.

Existing Security Agreement means the Security Agreement dated December 30, 2020, among the Borrower, the Guarantors listed on the signature pages to the Reaffirmation and Omnibus Amendment Agreement as Grantors, and the Collateral Agent, as amended and restated by that certain Amended and Restated Security Agreement dated as of the First Restatement Effective Date and as the same may be further amended, restated, amended and restated, supplemented, or otherwise modified in accordance with the terms hereof and of the Pari Passu Intercreditor Agreement.

Existing Security Agreement means the Security Agreement dated December 30, 2020 among Airspan and certain subsidiaries of Airspan as Grantors, and the Collateral Agent, as in effect immediately prior to the Closing Date, as the same may be amended and restated, supplemented, or otherwise modified in accordance with the terms hereof and of the Intercreditor Agreement.