New Secured Creditor definition

New Secured Creditor means any Person which becomes a Secured Creditor pursuant to and in accordance with the Security Agreement;
View Source

Examples of New Secured Creditor in a sentence

  • Pursuant to the terms of a [describe agreement] (the “Agreement”) dated [ ] 20[ ] made between the Guarantor and the New Secured Creditor, the Guarantor has agreed to [describe nature of the obligations of the Guarantor under the Agreement].

  • To the best of UTS’s knowledge, the UTS rights in relation to the LICENSED TECHNOLOGY hereunder are free and clear of any and all encumbrances and /or liens of any nature whatsoever, other than those identified by UTS pursuant to this Agreement, and other than non-exclusive licenses granted by UTS to others to use the UTS rights.

  • The address referred to in this Section 6 for the New Secured Creditor is: [ ] For the attention of: [ ] Telephone: [ ] Facsimile: [ ] or such other address and/or numbers as the New Secured Creditor may notify to the parties to the Security Agreement in accordance with the provisions thereof.

  • Accordingly, each Secured Creditor (other than the Bond Trustee) will be deemed to have consented to the admission of any company as a New Secured Creditor without the necessity for the Secured Creditor to concur in or consent to any deed admitting any New Secured Creditor.

  • Karat desire to add the New Secured Creditor as a party to the Intercrediotor Agreement, and memorialize the agreements between Karat and the New Secured Creditor with respect to the enforcement of its rights pertaining to its promissory note and the security interest in the Inventory.

  • If it has not already done so, each New Secured Creditor shall also accede to the terms of the Master Definitions and Construction Agreement and as evidence of such shall execute an instrument in a form acceptable to the Bond Trustee.

  • Pursuant to the terms of [description of agreement] (the "Agreement") dated [o] made between the Master Issuer and the New Secured Creditor, the Master Issuer has agreed to [description of nature of obligations of the Master Issuer under the Agreement].

  • To the extent, after the date hereof, any Additional Lender or any Additional Purchaser desires to become a Secured Creditor hereunder and become party to this Agreement (a “New Secured Creditor”), each such New Secured Creditor (or the Bank Agent acting on behalf of itself and any Additional Lender) shall execute and deliver to the Collateral Agent an Intercreditor Joinder Agreement in substantially the form of Exhibit B attached hereto.

  • Any New Secured Creditor (excluding the Covered Bondholders) will accede to the terms of this Agreement by executing an Accession Undertaking in the form or substantially in the form set out in Schedule 2 to this Agreement.

  • In this order of ideas, the Bank and the Client, with participation of the Representative of the Secured Creditors shall execute the Contract of Adhesion to the Master Agreement between Secured Creditors in order that the Bank becomes a New Secured Creditor.