Amended and Restated Security Agreement Clause Samples

Amended and Restated Security Agreement. Exhibit 10

Amended and Restated Security Agreement. The Administrative Agent shall have received an amended and restated Security Agreement duly executed by the Borrower and each of its Domestic Subsidiaries together with UCC-3 amendments in favor of the Administrative Agent for the benefit of the Lenders amending the collateral to include all assets of the Borrower and each of its Domestic Subsidiaries, and Uniform Commercial Code searches and security agreement questionnaires.

Amended and Restated Security Agreement. The security interest granted pursuant to this Trademark Security Agreement is granted in conjunction with the security interest granted to the Collateral Agent pursuant to the Amended and Restated Security Agreement and each Grantor hereby acknowledges and affirms that the rights and remedies of the Collateral Agent with respect to the security interest in the Trademark Collateral made and granted hereby are more fully set forth in the Amended and Restated Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein.

Amended and Restated Security Agreement. This Security Agreement amends and restates in its entirety that certain Security Agreement dated December 4, 2002, made by Debtor in favor of Excel Bank Minnesota, predecessor in interest to Lender.

Amended and Restated Security Agreement. Lessor and Lessee agree that Schedule 1 of that certain Amended and Restated Security Agreement by and between the parties hereto and dated November 8, 2000 shall be amended to include the new facility added in Exhibit A-29 to this Amendment.

Amended and Restated Security Agreement. This Security Agreement shall amend and restate the Prior Security Agreement in its entirety, and continue the Secured Obligations incurred by Debtor thereunder and the grant of a security interest created thereunder.

Amended and Restated Security Agreement. On the Effective Date, each Credit Party shall have duly authorized, executed and delivered the Amended and Restated Security Agreement in the form of Exhibit G (as modified, supplemented or amended from time to time, the "Amended and Restated Security Agreement") covering all of such Credit Party's present and future Amended and Restated Security Agreement Collateral.

Amended and Restated Security Agreement. At the Closing, the Company and the Purchasers will enter into an Amended and Restated Security Agreement in substantially the form set forth as Exhibit D hereto (the “Amended and Restated Security Agreement”). The Amended and Restated Security Agreement will (i) amend and restate the Security Agreements, dated March 1, 2004 and as amended on July 29, 2004, among the Company and the holders of the July 2005 Notes and July 2006 Notes and (ii) add the other Purchasers as secured parties thereunder. In addition to the foregoing, the Company shall, within sixty (60) days of the date of this Agreement, cause Liquidmetal Korea Co., Ltd., a wholly owned subsidiary of the Company (“Liquidmetal Korea”), to grant to the Purchasers as additional security for the Notes and the July 2007 Notes a second lien upon and security interest in Liquidmetal Korea’s manufacturing plant in Korea (the “Factory Lien”), and Liquidmetal Korea shall obtain any necessary consent and approval of the Bank of Korea to the granting of the Factory Lien. The Factory Lienshall be in addition to and subordinate to the prior liens held or to be held by Kookmin Bank (or any financial institution through which the Company’s or Liquidmetal Korea’s indebtedness with Kookmin Bank is refinanced).

Amended and Restated Security Agreement. On the Restatement Effective Date, each Credit Party (other than MJD) shall have duly authorized, executed and delivered the Amended and Restated Security Agreement in the form of Exhibit I (as modified, supplemented or amended from time to time, the "Amended and Restated Security Agreement") covering all of such Credit Party's present and future Security Agreement Collateral, together with: (i) proper Financing Statements (Form UCC-1 or the equivalent) fully executed for filing under the UCC or other appropriate filing offices of each jurisdiction as may be necessary or, in the reasonable opinion of the Collateral Agent, desirable to perfect the security interests purported to be created by the Amended and Restated Security Agreement; (ii) certified copies of Requests for Information or Copies (Form UCC-11), or equivalent reports, listing all effective financing statements that name any Credit Party (other than MJD) or any of its Subsidiaries as debtor and that are filed in the jurisdictions referred to in clause (i) above, together with copies of such other financing statements that name any Credit Party (other than MJD) or any of its Subsidiaries as debtor (none of which shall cover the Collateral except to the extent evidencing Permitted Liens or in respect of which the Collateral Agent shall have received termination statements (Form UCC-3 or the equivalent) as shall be required by local law fully executed for filing); (iii) evidence of the completion of all other recordings and filings of, or with respect to, the Amended and Restated Security Agreement as may be necessary to perfect the security interests intended to be created by the Amended and Restated Security Agreement; and (iv) evidence that all other actions necessary to perfect and protect the security interests purported to be created by the Amended and Restated Security Agreement have been taken.