Examples of Subsidiary Security Agreements in a sentence
This Note is guarantied by the Subsidiary Guaranties (as defined in the Loan Agreement) and is further secured by the Subsidiary Security Agreements (as defined in the Loan Agreement), to which Subsidiary Guaranties and Subsidiary Security Agreements reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured.
Each Subsidiary Guarantor is a party to a Subsidiary Guaranty and certain Subsidiary Security Agreements, Subsidiary Pledge Agreements, Subsidiary Trademark Security Agreements and Mortgages pursuant to which such Subsidiary Guarantors have (i) guarantied the Obligations and (ii) created Liens in favor of Administrative Agent on certain Collateral to secure the obligations of such Subsidiary Guarantors under the Subsidiary Guaranty.
The Lender is entitled to the rights and benefits of the Agreement and the other Credit Documents, and the Agent, for the benefit of the Lender, is entitled to the benefits provided under the Borrower Security Agreement, the Subsidiary Security Agreements, any Pledge Agreement and the Subsidiary Guarantee.
The Companies hereby agree that, notwithstanding the execution and delivery of this Agreement, the liens and security interests created and provided for under the Original Subsidiary Security Agreements and Additional Subsidiary Security Agreements continue in effect under and pursuant to the terms of this Agreement for the benefit of all of the Secured Indebtedness.
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