Security Documents definition
Examples of Security Documents in a sentence
No Obligor shall create, incur, assume or suffer to exist, or permit any of its Subsidiaries to create, incur, assume or suffer to exist, any consensual limitation or restriction on its ability to make any payments to the Agent or the Lenders, or provide the security contemplated in the Guarantees or the Security Documents to the Agent, or perform or observe any of its other covenants or agreements under any of the Loan Documents, as and when required hereunder and thereunder.
Neither the Agent nor any Lender shall be under any obligation to the Obligors or any other Person to realize any collateral or enforce the Guarantees, the Security Documents or any part thereof or to allow any collateral to be sold, dealt with or otherwise disposed of.
The Notes shall be secured by Liens on the Collateral on an equal and ratable basis with any Fixed Asset Obligations, subject to Permitted Liens, on the terms and conditions set forth in the Indenture and the First Lien Notes Security Documents.
The provisions in this Indenture relating to Collateral are subject to the provisions of the First Lien Notes Security Documents.
The Issuer and the Guarantors, for the benefit of the Holders, hereby appoints U.S. Bank Trust Company, National Association as the initial Collateral Agent, and the Collateral Agent and the Trustee are ▇▇▇▇▇▇ authorized and directed to execute and deliver the First Lien Notes Security Documents to which it is a party.