Examples of Junior Security Agreement in a sentence
Such Successor Borrower shall assume the obligations under the Note or the Defeased Note, as applicable, and the Security Agreement and, if applicable, the Junior Security Agreement and Borrower shall be relieved of its obligations under such documents.
Borrower shall pay $1,000 to any such Successor Borrower as consideration for assuming the obligations under the Note or the Defeased Note, as applicable, and the Security Agreement and, if applicable, the Junior Security Agreement.
STB Ex. 46, Ficks Security Agreement for 11% Account and STB Ex. 27 Subramanian Junior Security Agreement for 12% Account, with Investors Ex. 2 IIR- BR Houston Security Agreement, at 2-3, ¶ 2.For the Investors to establish senior interests in BR Houston assets, the Investors would have had to hold “perfected interest[s]” under law.
The Borrower and each applicable Subsidiary shall, concurrently with causing any assets or property to become subject to the security interests under the WKI Credit Agreement and related documents, shall cause such assets or property to become subject to corresponding security interests under the Junior Security Agreement as contemplated thereby.
The fully executed Junior Note, Junior Security Agreement, financing statements and any other instruments required pursuant to the Junior Security Agreement shall be delivered to Xxxxxx, Xxxxxxx & golden, LLP ("AW&G"), and shall be held by AW&G until the entry of the Order described in Sections 1.1 and 1.