New Security Agreement definition

New Security Agreement means the Security Agreement, dated as of the ---------------------- Closing Date, executed by Reorganized Prism in favor of Xxxxxx, substantially in the form of Exhibit E attached hereto, either as --------- originally executed or as it may from time to time on or after the Closing Date be supplemented, modified, amended, restated or extended.

New Security Agreement means the Security Agreement, dated as of the date hereof, among the Grantors and the New Investors, as amended, modified, supplemented and restated from time to time.

New Security Agreement means the Security Agreement, dated as of August 16, 2002, among the Company, the Guarantors and Bank of America, N.A., as Collateral Agent, as in effect from time to time.

Examples of New Security Agreement in a sentence

• The Company acknowledges that this Agreement and the New Security Agreement may contain covenants and other terms and provisions variously stated regarding the same or similar matters, and the Company agrees that all such covenants, terms and provisions are cumulative and all shall be performed and satisfied in accordance with their respective terms.

• The Company acknowledges that the rights and remedies of each Secured Party with respect to the security interests in the Intellectual Property Collateral granted hereby are more fully set forth in the New Security Agreement and all such rights and remedies are cumulative.

• In the event of any conflict or inconsistency between this Agreement and the New Security Agreement, the terms of this Agreement shall control.

• The Finance Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any rights or powers arising under the New Security Agreement except through the Security Trustee.

• Each of the parties to this Agreement agrees that the Security Trustee shall have only those duties, obligations and responsibilities expressly specified in this Agreement or the New Security Agreement (and no others shall be implied).

More Definitions of New Security Agreement

New Security Agreement means that certain security agreement to be entered into as of the Consummation Date, among JPMorgan Chase Bank, as collateral agent, and Reorganized Chart, the Reorganized Subsidiary Debtors and certain other subsidiaries of Reorganized Chart, substantially in the form of Exhibit C-4 hereto.

New Security Agreement means the security over cash agreement in the form agreed between the Applicant and the Agent to be entered into between the Applicant and the Security Trustee on or about the date of this Agreement.

New Security Agreement means that certain Security Agreement to be dated as of the Effective Date, and which will be filed as part of the Plan Supplement and consistent with the terms set forth in the Plan Term Sheet.

New Security Agreement means such documents as shall be required to secure repayment of the New Senior Secured Credit Facility, in the form attached to the Disclosure Statement as Exhibit L.

New Security Agreement means a Security Agreement substantially in the form of the Security Agreements executed and delivered pursuant to the Existing Credit Agreement, with such changes therein as may be deemed reasonably appropriate by Agent.

New Security Agreement means any one of the following executed and delivered contemporaneously herewith for the benefit of Bank, as amended, modified or supplemented from time to time: (i) executed by Borrower: (A) Security Agreement – Equipment and (B) Continuing Security Agreement – Rights to Payment and Inventory; and (ii) executed by Xxxxxx: (A) Third Party Security Agreement – Equipment and (B) Third Party Security Agreement – Rights to Payment and Inventory.

New Security Agreement means the security agreement to be entered into on the Effective Date by Liquidating CVEO and the Plan Trustee on behalf of the Creditors Reserve Trust, in connection with the New Note.