Security Agreement Effective Date means the date the Security Agreement becomes effective, which in any case shall be within ninety (90) days following the First Amendment Effective Date (or such later date as the Administrative Agent may agree in its sole discretion).
Security Agreement Effective Date means the date the Credit Parties are required to execute and deliver the Security Agreement, as required by Section 5.2 the Third Amendment.
Security Agreement Effective Date set forth in Section 1 of the Security Agreement is deleted in its entirety.
Examples of Security Agreement Effective Date in a sentence
Except for filings completed prior to Security Agreement Effective Date and as contemplated hereby and by the Collateral Documents, no filing or other action will be necessary to perfect such Liens that are required to be perfected under the terms of the Collateral Documents.
After the execution and delivery of the Collateral Documents on the Security Agreement Effective Date, the provisions of the Collateral Documents are effective to create in favor of the Administrative Agent, for the benefit of the holders of the Obligations, a legal, valid and enforceable first priority Lien (subject to Liens permitted by Section 7.2) on all right, title and interest of the respective Loan Parties in the Collateral described therein.