First Priority Security Agreement definition

First Priority Security Agreement shall have the meaning assigned to such term in the preliminary statement of this Agreement.

First Priority Security Agreement means the Security Agreement, to be dated as of the date of this Indenture, among the Company and the Guarantors in favor of the First Priority Agent, as amended or supplemented from time to time in accordance with its terms.

First Priority Security Agreement means that certain Security Agreement, dated as of August 14, 2017, among Newco West Holdings LLC, as pledgor, the Senior Credit Facilities Collateral Agent, the JPMCB Credit Agreement Administrative Agent and the other Secured Representatives (as defined in the First Priority Security Agreement) party thereto, as may be amended, restated, amended and restated, supplemented, re-affirmed or other- wise modified from time to time.

Examples of First Priority Security Agreement in a sentence

• Capitalized terms used in this Agreement and not otherwise defined herein shall, except to the extent the context otherwise requires, have the meanings set forth in the First Priority Debt Agreement (as in effect on the date hereof) or the First Priority Security Agreement (as in effect on the date hereof), as applicable.

• All notices hereunder shall be in writing (including facsimile transmission) and shall be sent, in the case of any Grantor, to the address of such Grantor shown on Schedule XI to the First Priority Security Agreement and, in the case of the Hedge Counterparty, at its address set forth on Schedule XI to the First Priority Security Agreement, or to such other address as such party may, by written notice received by the other parties, have designated as its address for such purpose.

• To the extent that Collateral is released from the lien of the First Priority Security Agreement (other than in connection with the termination of the First Priority Security Agreement) in accordance with the terms of such agreement and the other Facility Documents, such release shall automatically release such Collateral from the security interest created by this Agreement in favor of the Hedge Counterparty.

• The liens evidenced by this Agreement shall be inferior and subordinate to the liens and security interests granted by Debtor pursuant to the provisions of the First Priority Security Agreement, which liens and security interests shall be first priority (subject to Permitted Encumbrances).

• In fact, the number of drug cases increased over a four year period and, across the board, all crimes went up for at least the last two years, except for property crimes.

More Definitions of First Priority Security Agreement

First Priority Security Agreement means the “Security Agreement” as defined in the Loan Agreement.

First Priority Security Agreement means that certain Security Agreement, dated as of August 14, 2017, among Newco West Holdings LLC, as pledgor, the Senior Credit Facilities Collateral Agent, the JPMCB Credit Agreement Administrative Agent and the other Secured Representatives (as defined in the First Priority Security Agreement) party thereto, as may be amended, restated, amended and restated, supplemented, re-affirmed or otherwise modified from time to time.

First Priority Security Agreement means that certain security agreement, dated as of December 30, 2009, among RFC and GMACM and certain of their affiliates, GMAC Inc., and the First Priority Collateral Agent.

First Priority Security Agreement means the Security Agreement, dated as of September 1, 2017, among CURO Financial Technologies Corp., CURO Intermediate Holdings Corp. and certain subsidiaries of CURO Intermediate Holdings Corp., as guarantors, in favor of the First Priority Agent, as amended or supplemented from time to time in accordance with its terms, and as supplemented by that certain Security Agreement Joinder, dated August 27, 2018, by CURO Credit, LLC and CURO Group Holdings Corp., in favor of the First Priority Agent.

First Priority Security Agreement means the Security Agreement dated as of August 8, 2014 among the Company, each other pledgor party thereto and the First-Priority Agent, as agent and security trustee for the First-Priority Secured Parties, as amended, supplemented or modified from time to time.

First Priority Security Agreement shall have the meaning set forth in the Recitals hereto.

First Priority Security Agreement means the First Lien Pledge and Security Agreement, dated as of the Issue Date, as amended, supplemented, restated or otherwise modified from time to time in accordance with the terms of the Intercreditor Agreement.