Term Security Agreement definition
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.
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.
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.
Notwithstanding anything to the contrary contained in this Section 4.4.4(b)(i), to the extent that any such Investment Related Property constitutes Term Priority Collateral, prior to the Discharge of Term Obligations, each applicable Grantor shall satisfy the requirements of this subsection by establishing the control of the Term Collateral Agent over such Investment Account in accordance with the terms of the Term Security Agreement and the Intercreditor Agreement.