the Security Agreement thereunder", "thereof" or words of like import referring to the Credit Agreement or the Security Agreement, shall mean and be a reference to the Credit Agreement or the Security Agreement, respectively, as amended by this Amendment No.
the Security Agreement. “Interest Coverage Ratio” means, as of any date of determination, the ratio of (a) Adjusted Operating Income to (b) Net Interest Expense for the most recently completed Measurement Period. MSGN – A&R Credit Agreement (2019)
the Security Agreement. “SOFR” means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator. “SOFR Administrator” means the New York Fed (or a successor administrator of the secured overnight financing rate). “SOFR Administrator’s Website” means the New York Fed’s website, currently at xxxx://xxx.xxxxxxxxxx.xxx, or any successor source for the secured overnight financing rate identified as such by the SOFR Administrator from time to time. “SOFR Determination Date” has the meaning specified in the definition of “Daily Simple SOFR”. “SOFR Rate Day” has the meaning specified in the definition of “Daily Simple SOFR”. “Solvent” and “Solvency” mean, with respect to any Person on any date of determination, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay such debts and liabilities as they mature, and (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would constitute an unreasonably small capital. The amount of contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. “Solvency Certificate” means a certificate of a senior financial executive of the Company in form and substance satisfactory to the Administrative Agent in its sole discretion. “SPC” has the meaning specified in Section 10.06(h). MSGN – A&R Credit Agreement (2019)
Examples of the Security Agreement in a sentence
Attached hereto are supplemental and/or replacement Schedules to the Security Agreement, as applicable.
Unless otherwise defined herein, terms defined in the Security Agreement and used herein have the meaning given to them in the Security Agreement.
In the event of any conflict between the terms of this Agreement and the Security Agreement, the terms of the Security Agreement shall govern.
This IP Security Agreement has been entered into in conjunction with the provisions of the Security Agreement.
The undersigned hereby agrees, as of the date first above written, to be bound as a Grantor by all of the terms and provisions of the Security Agreement to the same extent as each of the other Grantors.
More Definitions of the Security Agreement
the Security Agreement dated today"s date between the Borrower and the Bank.
the Security Agreement this Security Agreement", the "Agreement" or "any Security Agreement" shall mean and refer to any Loan Schedule and Supplemental Security Agreement which incorporates the terms of this Master Loan and Security Agreement, together with all exhibits, addenda, schedules, certificates, riders and other documents and instruments executed and delivered in connection with such Loan Schedule and Supplemental Security Agreement, all as the same may be amended or modified from time to time. Each Loan Schedule shall constitute a separate, distinct and independent security agreement and contractual obligation of Debtor. The security interest granted herein shall attach to each item of Collateral at the earlier of (i) Debtor's execution and delivery of the Note, Loan Schedule and Supplemental Security Agreement with respect to such item of Collateral; or (ii) the time that Secured Party advances any funds to or on behalf of Debtor in complete or partial payment for items of Equipment set forth on the respective Loan Schedule and Supplemental Security Agreement.
the Security Agreement dated as of May 1, 1997 (the "Security Agreement") executed by the Borrower and the Guarantor in favor of the Bank, the Issuer and the Hedge Counterparty.
the Security Agreement dated as of December 4, 1996 between the Borrower and the Agent in substantially the form of Exhibit H attached hereto and the affirmation and amendment of security agreement by the Borrower and the Agent dated on or about the date hereof.
the Security Agreement means the Security and Reserve Account Agreement dated June 2, 1998 among SOMISY, IFC and Citibank., N.A.
the Security Agreement. THIS SECURITY AGREEMENT" or "ANY SECURITY AGREEMENT" shall mean and refer to any Equipment Schedule which incorporates the terms of this Master Security Agreement, together with all exhibits, addenda, schedules, certificates, riders and other documents and instruments executed and delivered in connection with such Equipment Schedule, all as the same may be amended or modified from time to time. Each Equipment Schedule shall constitute a separate, distinct and independent security agreement and contractual obligation of Customer. "AFFILIATE" means, with respect to any person, firm or entity, any other person, firm or entity controlling, controlled by, or under common control with such person, firm or entity, and for this purpose, "control" means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of any such person, firm or entity, whether through the legal or beneficial ownership of voting securities, by contract or otherwise. Notwithstanding anything to the contrary, Seitel, Inc. and its wholly-owned subsidiaries shall not be an Affiliate of Customer for purposes of this Security Agreement. "COLLATERAL" means the Equipment and all present or future additions, attachments, accessions or accessories thereto and replacements thereof, all tools, manuals, service records, software and similar information and materials related to such Equipment, and the proceeds, from the sale, lease or other disposition of the Equipment, in the form of goods, accounts, chattel paper, documents, instruments and general intangibles, and insurance proceeds payable in respect of loss or damage to such Collateral. "EQUIPMENT" means machinery and equipment now owned or hereafter acquired by Customer, wherever the same may be located, which is described in one or more Equipment Schedules entered into from time to time by the parties hereto. The term "ITEM OF EQUIPMENT" shall mean each functionally integrated and marketable group or unit of Equipment; and any determination of the outstanding principal balance of the Note
the Security Agreement. Note" means the Exchange Notes, as defined in the Note Exchange Agreement dated July 29, 2004 by and among the Company and the Noteholders listed therein (the "Exchange Agreement") and "Michigan Note" means the Old Michigan Notes and the New Michigan Notes as defined in the Exchange Agreement. The Company represents and warrants that each Noteholder's security interest in the collateral, described in the Security Agreement, shall be a perfected first priority security interest.