Examples of Term Security Agreement in a sentence
In the event that any Secured Creditor shall be required by the Uniform Commercial Code or any other applicable law to give notice to the Company or any other Secured Creditor of the intended disposition of any Collateral, such notice shall be given as provided in the Term Security Agreement and ten days notice shall be deemed to be commercially reasonable.
Notwithstanding anything to the contrary in this Section 5.6, in no event will the ABL Agent have the right to, and the ABL Agent may not, use, be licensed or sub-licensed to, transfer or otherwise dispose of any Patents (as defined in the Term Security Agreement as in effect on the date hereof) owned by any of the Grantors.
Notwithstanding anything to the contrary contained in this Agreement, the priorities with respect to all security interests granted to the Collateral Agent hereunder and under the other Credit Documents and to the Term Collateral Agent under the Term Security Agreement and the other Term Credit Documents shall be governed by the terms and provisions of the Intercreditor Agreement.
If any conflict or inconsistency exists between this Agreement, the Term Security Agreement and the Intercreditor Agreement with respect to the rights and obligations of the Collateral Agent hereunder and the Term Collateral Agent, the Intercreditor Agreement shall control.
Subject to the rights of the Term Collateral Agent under the Term Security Agreement and the General Intercreditor Agreement, each policy of each Grantor for liability insurance shall provide for all losses to be paid on behalf of the Collateral Agent and such Grantor as their interests may appear.