Examples of Third Party Security Agreement in a sentence
To grant a security interest to Bank in the Collateral described in the Third Party Security Agreement by and between the Company and Bank (the "Security Agreement"), which security interest shall secure all of the Company's obligations, as described in that certain Unconditional Guaranty by the Company dated as of December 4, 2000 (the "Guaranty").
Each Guarantor also executed for the benefit of Bank a Third Party Security Agreement dated December 20, 2007, granting to Bank a security interest in the collateral described therein (individually and collectively, the “Security Agreement”).
Grantor is the grantor of a Third Party Security Agreement granted in favor of Bank dated as of April 15, 2004 (as amended, the “Security Agreement”).
This Note is the Note, as defined in the Loan Agreement, and is secured by, amongst other things, the Security Agreement, the Third Party Security Agreement, and guaranteed by the Guarantors.
If Pledgor Collateral is specified in Exhibit B, Borrower shall arrange for the delivery to Bank concurrent herewith of a Third Party Security Agreement duly executed by Pledgor (the assets identified as collateral therein are referred to in this Agreement as “Pledgor Collateral”).
As security for all indebtedness of Borrower to Bank subject hereto, Borrower shall grant, and shall cause Subsidiary to grant to Bank security interests of first priority (subject to Permitted Encumbrances, as defined in Section 5.8 below) in all Collateral (as defined in the Security Agreement and Third Party Security Agreement attached hereto as Exhibits B and C, each, a “Security Agreement”).
The obligation of the Borrower to repay any and all Advances made pursuant to this Section shall be evidenced by the Note, secured by the Security Agreement and the Third Party Security Agreement, and guaranteed by the Guarantors.
It is expressly agreed by the Borrower that no extensions of time for the payment of this Note, nor the failure on the part of the Lender to exercise any of its rights hereunder, under the Security Agreement or under the Loan Documents, shall operate to release, discharge, modify, change or affect the original liability under this Note, the Loan Agreement, the Security Agreement, the Third Party Security Agreement, or the other Loan Documents, either in whole or in part.
The Borrower agrees to pay all costs of collection when incurred, whether suit be brought or not, including attorneys’ fees and costs of suit and preparation therefor, and to perform and comply with each of the covenants, conditions, provisions and agreements of the Borrower contained in this Note, the Loan Agreement, the Security Agreement, the Third Party Security Agreement, and the other Loan Documents.
All disbursements, advances or payments made by the Lender hereunder, all amounts expended by the Lender pursuant to Sections 6 and 8 hereof, the Lender’s attorneys’ fees, if any, and all other loan expenses, as and when advanced or incurred by the Lender, will be secured by the Security Agreement and the Third Party Security Agreement, and guaranteed by the Guarantors.