Examples of Security and Pledge Agreement in a sentence
This Security and Pledge Agreement represents the agreement of each of the Grantors with respect to the subject matter hereof and there are no promises, undertakings, representations or warranties by the Collateral Trustee or any other Secured Party relative to the subject matter hereof not expressly set forth or referred to herein or in the other Credit Documents.
The execution and delivery of any instrument adding an additional Grantor as a party to this Security and Pledge Agreement shall not require the consent of any other Grantor hereunder.
Each undersigned Subsidiary (each a “New Grantor”) is executing this Supplement in accordance with the requirements of the Security and Pledge Agreement to become a Subsidiary Grantor under the Security and Pledge Agreement in order to induce the Lenders and the Letter of Credit Issuer to make additional Extensions of Credit and as consideration for Extensions of Credit previously made.
The term “UCC-1 Financing Statement-Utah” shall mean that certain UCC-1 financing statement in substantially the form attached hereto as Exhibit K-2, to be filed with the Secretary of State of Utah upon Closing in order to perfect the security interest granted by the Company to HRSI as set forth in the Security and Pledge Agreement.
The Borrower and each of the Guarantors shall have duly executed and delivered to the Agent a Security and Pledge Agreement in substantially the form of Exhibit B (the “Security and Pledge Agreement”).