Existing Security Agreements definition
Examples of Existing Security Agreements in a sentence
In addition, this Agreement shall not release, limit or impair in any way the priority of any security interests and liens held by Bank against any assets of Debtor arising under the Existing Security Agreements or such other loan documents.
The Company hereby acknowledges and agrees that (a) the security interests granted to the Purchasers pursuant to the Existing Security Agreements applies to and covers the obligations of the Company to the Purchasers evidenced by the Debentures and (b) the liens granted to the Purchasers pursuant to the Existing Mortgages applies to and covers the obligations of the Company to the Purchasers evidenced by the Debentures.
Each Grantor hereby reaffirms the grant of security interests made pursuant to the Existing Security Agreements.
Each Buyer has examined and approved the Existing Notes, the Existing Security Agreements, the Restated Note and the Restated Security Agreement and such other documents as such Buyer has deemed necessary or appropriate.
This Security Agreement is an amendment and restatement of the Existing Security Agreements.