Examples of Existing Security Agreements in a sentence
Subject to the Existing Security Agreements, each Obligor charges with full title guarantee in favour of the Issuer by way of a first floating charge all present and future assets and undertaking of such Obligor as security for the payment and discharge of the OFCA Secured Liabilities.
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.
Each Obligor acknowledges that the Liens, security interests and guarantee obligations created by the Existing Security Agreements and the Existing Guaranty Agreements shall be carried forward from the date hereof and governed by the terms and conditions of this Agreement and have not been released or impaired in any way.
This Agreement does not constitute a novation of the obligations and liabilities under the Existing Security Agreements or the Existing Guaranty Agreements, or evidence repayment or termination of any such obligations and liabilities.
This Agreement amends and restates the Existing Security Agreements and the Existing Guaranty Agreements, and on the date hereof the terms and conditions of this Agreement shall supersede and replace in their entirety those of each Existing Security Agreement and each Existing Guaranty Agreement, each of which shall be of no further force and effect.