Examples of Intercompany Security Agreement in a sentence
Without limiting the foregoing, the Company shall not assert, collect or enforce the Intercompany Obligations or any part thereof or take any action to foreclose or realize upon the Intercompany Obligations or any part thereof or enforce this Agreement or the Intercompany Security Agreement except to the extent (but only to such extent) that the commencement of a legal action may be required to toll the running of any applicable statute of limitation.
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.
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.
The Company agrees that the liens and security interests of the Collateral Agent shall be senior and prior in right to the liens and security interest of Company in the Collateral (as defined in the Intercompany Security Agreement), and such priority is applicable irrespective of the order of creation, attachment or perfection of any such liens or security interests or any priority that might otherwise be available to the Collateral Agent or the Company.
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.