Examples of Postpetition Security Agreement in a sentence
Without limiting the foregoing, the sales contemplated by sections 3.5(b) and 3.5(c) of the Postpetition Security Agreement, and performance of the Second Cash Collateral Transfer Obligation and Third Cash Collateral Transfer Obligation (as defined therein), including the direct transfer of sale proceeds to the SOA Cash Collateral Account as contemplated by the Postpetition Security Agreement, are hereby approved.
PESIC and MLC (both individually and in its capacity as SOA Collateral Agent (as defined in the Prepetition Security Agreement and the Postpetition Security Agreement, as applicable)) are referred to herein each as a “ Protected Counterparty” and collectively as the “Protected Counterparties”).and MLC, and the Postpetition Security Agreement between Refining and MLC in its capacity as SOA Collateral Agent.
PESIC and MLC (both individually and in its capacity as SOA Collateral Agent (as defined in the Prepetition Security Agreement and the Postpetition Security Agreement, as applicable)) are referred to herein each as a “ Protected Counterparty” and collectively as the “Protected Counterparties”).indicates the Refining Debtors’ desire and intent to conduct postpetition intermediation activities in the ordinary course of business and grant appropriate credit support to the Protected Counterparties.
Each Loan Party shall grant to the Lender a perfected lien on and security interest, subject only to Permitted Liens, in all of its assets and properties, whether now or hereafter existing, owned or acquired, all in accordance with the terms of the Postpetition Security Agreement, as applicable, and the Interim Order and the Final Order.
I submit this declaration in support of the Emergency Motion of Debtors Pursuant to 11 U.S.C. §§ 105(a), 364(c), and 364(d) for an Order Authorizing the Debtors (I) to Enter into a Postpetition Security Agreement with WEX Bank with Respect to the Debtors’ Use of Fuel Cards and (II) to Post a Security Deposit in the Amount of $60,000 to Secure the Debtors’ Postpetition Obligations to WEX Bank (the “Motion”).
The conditions to the effectiveness of the amendments to the Intermediation Contracts made by the Assurance Agreement will include the entry of this Interim Order, the execution and delivery of the Postpetition Intermediation Agreement between Refining, Admin and MLC, and the Postpetition Security Agreement between Refining and MLC in its capacity as SOA Collateral Agent.