Examples of Senior Security Agreement in a sentence
Any capitalized term used herein and not defined shall have the meaning assigned to it in the Additional Senior Security Agreement dated December 30, 2003 between the Debtors and the Secured Party ( the "Security Agreement").
Any capitalized term used herein and not defined shall have the meaning assigned to it in the Additional Senior Security Agreement dated December 30, 2003 between the Debtors and the Secured Party as heretofore amended ( the "Security Agreement").
Subordinate Lender hereby waives any right it may have to require that Senior Lender marshal any assets of Borrower or to follow any particular order of realization with respect to the Collateral and any other collateral for the Senior Loan or any particular order or manner of enforcement of remedies with respect to the Senior Loan whether pursuant to the Senior Security Agreement or any other Senior Loan Document.
The Lien and security interest granted under the Senior Security Agreement is and shall constitute a senior first priority Lien and/or security interest on or in the Collateral described therein.
In order to secure the Obligations, the Company and the Grantor Subsidiaries have entered into and delivered to the Collateral Agent the Senior Security Agreement and the other Security Documents, in each case, to which they are a party, to create the Liens on the Collateral securing their respective Obligations.