First Lien Security Agreement definition

First Lien Security Agreement means the “Security Agreement” as defined in the First Lien Credit Agreement.

First Lien Security Agreement shall have the meaning set forth in the recitals.

First Lien Security Agreement means the Security Agreement executed by the parties thereto, in favor of the Existing Collateral Agent.

Examples of First Lien Security Agreement in a sentence

• Notwithstanding anything herein to the contrary, it is the understanding of the parties that the Security Interest granted pursuant to Section 2.01 shall, prior to the Discharge of First Lien Obligations, be subject and subordinated to the Lien granted to the First Lien Collateral Agent for the benefit of the holders of the First Lien Obligations to secure the First Lien Obligations pursuant to the First Lien Security Agreement on the terms set forth in the Intercreditor Agreement.

• To the extent provided by the First Lien Security Agreement, the Pledgor hereby expressly acknowledges that the Pledgee shall be authorised to exercise the Voting Rights attached to the Shares in any manner necessary or useful for the purposes of ensuring the complete satisfaction of the Secured Obligations.

• Pursuant to Section 6.11 of the Credit Agreement, any Intermediate Holding Company and certain Restricted Subsidiaries of the Loan Parties (as defined in the Credit Agreement) that were not in existence or not Restricted Subsidiaries on the date of the Credit Agreement were required to enter into the First Lien Security Agreement as Grantors (as defined therein) and, in the case of such Restricted Subsidiaries, Subsidiary Parties, upon becoming Restricted Subsidiaries or an Intermediate Holding Company.

• Furthermore, unless otherwise defined herein, in the First Lien Credit Agreement or the NY UCC, terms defined in the First Lien Security Agreement and used herein shall have the meanings assigned to them in the First Lien Security Agreement.

• If the Collateral Trustee at any time receives written notice from the Directing First Lien Representative that any Triggering Event has occurred entitling the Collateral Trustee to foreclose upon, collect or otherwise enforce its Liens hereunder or under any First Lien Security Agreement, the Collateral Trustee will promptly deliver written notice thereof to each First Lien Representative.

More Definitions of First Lien Security Agreement

First Lien Security Agreement means each collateral document, mortgage, pledge or similar agreement or guaranty entered into to secure or Guarantee the First Lien Obligations, to be dated as of the Issue Date, among the Issuers and the Guarantors in favor of the First Lien Agent, as amended or supplemented from time to time in accordance with its terms.

First Lien Security Agreement means the Security Agreement, dated as of January 6, 2017, among the Borrower, certain Subsidiaries of the Borrower and the First Lien Agent, as amended, restated, amended and restated, extended, renewed, supplemented or otherwise modified from time to time or as replaced in connection with any Refinancing of the First Lien Credit Agreement.

First Lien Security Agreement means the Amended and Restated Pledge and Security Agreement, dated as of the date hereof, among the Company, certain Subsidiaries of the Company, and the First Lien Collateral Agent. After any refinancing, extension or replacement of any Indebtedness under the First Lien Notes pursuant to the terms of the Intercreditor Agreement, the term “First Lien Security Agreement” shall mean any replacement security agreement entered into in connection with such refinancing, extension or replacement.

First Lien Security Agreement means the Security Agreement, dated as of May 5, 2006, among the Borrower, the other Grantors from time to time party thereto and the First-Lien Collateral Agent, as the same may be amended, supplemented, restated, modified and/or Refinanced from time to time.

First Lien Security Agreement means any replacement security agreement entered into in connection with such refinancing, extension or replacement.

First Lien Security Agreement shall have the meaning assigned to such term in the preliminary statement of this Agreement; provided that “First Lien Security Agreement” shall not include any security agreement or other Collateral Documents entered into in connection with any extension, replacement or refinancing of the First Lien Obligations, including without limitation any amendment that would extend the maturity date of any First Lien Obligations.

First Lien Security Agreement means that certain Amended and Restated Guarantee and Collateral Agreement, dated as of May 21, 2009, by and among the Issuer, the grantors party thereto and Bank of America, N.A., Xxxxx Fargo Retail Finance LLC and General Electric Capital Corporation, as co-collateral agents, as the same may be amended, supplemented or otherwise modified from time to time.