Examples of Senior Security Agreements in a sentence
In the event that a Senior Secured Party should exercise any right to foreclose on the lien of any Senior Security Agreements, then the Secured Party shall have the right to bid to purchase the Facility at any foreclosure sale.
The priority of any and all Senior Security Agreements over this Deed of Trust shall be effective without reference to the time, order or method of attachment of the liens of either any Senior Security Agreements or this Deed of Trust on any property.
Such exclusive rights shall include, specifically (but not by way of limitation) the right to sell or otherwise dispose of (or not take any such action), any or all of the BH First Priority Collateral and to incur expenses in connection therewith, all as may be desirable in the BH Senior Agent's sole discretion to the extent provided in the BH Senior Security Agreements (only to the extent related to the BH First Priority Collateral).
Without limiting the generality of the foregoing, the sole right of each of the CR Senior Agent, the CR Senior Lenders and the Junior Subordinated Trustee with respect to the BH First Priority Collateral is to hold a Lien thereon granted pursuant to the CR Senior Security Agreements or the Junior Subordinated Security Agreements, as the case may be, and not exercise any Remedial Action with respect thereto or exercise any Guaranty Action with respect to a BH Guarantor.
Borrowers have each entered into Security Agreements in favor of the Senior Lender, dated as of September 30, 2000 (the "SENIOR SECURITY AGREEMENTS"), granting Senior Lender a security interest in the Collateral (as such term is defined in the Senior Security Agreements) to secure Borrowers' obligations under the Senior Loan Agreement.
In addition, unless Secured Party shall consent otherwise in writing, Debtor will keep the Collateral free from any lien, security interest or encumbrance, except for the security interests created by this Agreement and the Senior Security Agreements.
Security policies that are defined perfectly play a role in securing systems.
The Company will at all times -------------------------- comply in all material respects with all covenants, conditions, warranties, representations, restrictions and requirements of all Senior Security Agreements.
Notwithstanding anything to the contrary contained herein (a) no Grantor shall be in default or breach hereunder for failure to take any action hereunder if the Grantor used its commercially reasonable efforts to take such action and (b) if the First Lien Termination Date has not occurred, no Grantor shall be required to take any action hereunder if a similar action is not required to be taken under the Senior Security Agreements.
No provision of the Indenture, this Pledge Agreement or any of the other Operative Documents purporting to authorize or permit the Company to take or omit to take any action shall authorize or permit any action or omission which is not authorized or permitted by the Senior Security Agreements.