Examples of Intercompany Security Agreement in a sentence
The Credit Agreement predicates that each ------------------ Subsidiary that was not in existence on the date of the Credit Agreement is required to enter into this Agreement as a Lessee and the Intercompany Security Agreement if the Lessor wishes to lease Telecommunications Assets to such Subsidiary.
Debtor has caused this Intercompany Security Agreement to be executed and delivered as of the date first set forth above.
Upon execution and delivery by the Lessor and a Subsidiary of an instrument in the form of Annex 1 hereto, such Subsidiary shall become a Lessee hereunder and a Grantor under the Intercompany Security Agreement, in each case with the same force and effect as if originally named as a Lessee herein or a Grantor under the Intercompany Security Agreement.
At such time, the Trustee shall, pursuant to an Issuer Order, execute and deliver all documentation necessary or desirable to release its security interest hereunder and under the Intercompany Security Agreement, reassign and redeliver to the Pledgor all of the Collateral hereunder that has not been sold, disposed of, retained or applied by the Trustee in accordance with the terms of this Pledge Agreement and the Indenture.
The Credit Agreement ------------------------------- predicates that each Subsidiary that was not in existence on the date of the Credit Agreement is required to enter into this Agreement as a Subsidiary Borrower and the Intercompany Security Agreement if the Company wishes to make intercompany loans to such Subsidiary Borrower.