Subsidiary Guarantee and Security Agreement definition
Examples of Subsidiary Guarantee and Security Agreement in a sentence
This Note is a direct debt obligation of the Company and is secured by and under the Subsidiary Guarantee and Security Agreement.
During the period beginning on the Execution Date and ending on the Termination Date, if the Company creates or acquires any new Subsidiary that owns, at the time of creation or acquisition or any time thereafter, assets having a fair market value in excess of $50,000, then the Company shall cause such new Subsidiary to become party to the Subsidiary Guarantee and Security Agreement.
A Supplemental Subsidiary Guarantee and Security Agreement, substantially in the form of Exhibit B hereto and duly executed by the Agent and the relevant Supplemental Guarantor, pursuant to which such Supplemental Guarantor shall create a first priority security interest in all of its personal Property in favor of the Agent for the benefit of the Lenders and the Facility A Lenders and the Facility B Lenders, except as otherwise provided herein or therein.
An opinion, appropriately dated, of Milbank, Tweed, Hadl▇▇ & ▇cCl▇▇, ▇▇ecial New York counsel to First Union, substantially in the form of Exhibit F hereto but as to the relevant Supplemental Subsidiary Guarantee and Security Agreement (and First Union hereby instructs such counsel to deliver such opinion to the Lenders).
A letter from the Process Agent, in form and substance satisfactory to the Agent, accepting the appointment of the Process Agent by ▇▇▇▇▇▇▇ and Guest Choice as provided in Section 7.08 of the New Subsidiary Guarantee and Security Agreement.
Certificates are pledged pursuant to the Subsidiary Guarantee and Security Agreement.
Subsidiary Guarantee and Security Agreement - 18 159 SHER▇▇▇ ▇▇▇STICS, INC.
In the event of any sale, assignment, or other disposition of any of the Trademark Collateral, the Subsidiary Guarantee and Security Agreement goodwill connected with and symbolized by the Trademark Collateral subject to such disposition shall be included, and such Subsidiary Guarantor shall supply to the Administrative Agent or its designee, for inclusion in such sale, assignment or other disposition, all Intellectual Property relating to such Trademark Collateral.
A Supplemental Subsidiary Guarantee and Security Agreement, substantially in the form of Exhibit B hereto and duly executed by the Agent and the relevant Supplemental Guarantor, pursuant to which such Supplemental Guarantor shall create a first priority security interest in all of its personal Property in favor of the Agent for the benefit of the Lenders and the Facility A Lenders and the Facility B CREDIT AGREEMENT Lenders, except as otherwise provided herein or therein.
The New Subsidiary Guarantee and Security Agreement, duly executed and delivered by each of ▇▇▇▇▇▇▇, Guest Choice and the Agent and the certificates (if any) identified under the name of the respective parties thereto in Annex 1 thereto, in each case accompanied by undated stock powers executed in blank.