WEN » Topics » Original Security Agreement

This excerpt taken from the WEN 10-Q filed May 7, 2009.
Original Security Agreement”);
 
Whereas, pursuant to Section 11.1 of the Original Credit Agreement, the Original Credit Agreement is being amended and restated concurrently with the Restatement Effective Date with the consent of the Requisite Lenders under the Original Credit Agreement.
 
Whereas, it is a condition precedent to extensions of credit under the Credit Agreement (defined below) that each Grantor shall have executed and delivered to the Collateral Agent this Agreement;
 
Whereas, pursuant to Section 7.1 of the Original Security Agreement, the Original Security Agreement is being amended and restated concurrently with the Restatement Effective Date with the consent of the Requisite Lenders under the Original Credit Agreement;

 
 

 

Now, therefore, in consideration of the foregoing and to induce the Lenders, the Issuer, the Collateral Agent, and the other Agents to enter into the Credit Agreement and to induce certain Lenders and the Issuer to make their respective extensions of credit to Holdco Co-Borrower, Ultimate Parent Co-Borrower, WII Co-Borrower and Borrower thereunder, each Grantor hereby agrees with the Collateral Agent to amend and restate the Original Security Agreement as follows:
 
 
ARTICLE I
Defined Terms
 
 
Section 1.1
Definitions
 
(a)           Unless otherwise defined herein, terms defined in the Credit Agreement and used herein have the meanings given to them in the Credit Agreement.
 
(b)           Terms used herein without definition that are defined in the UCC have the meanings given to them in the UCC, including the following terms (which are capitalized herein):
 
This excerpt taken from the WEN 8-K filed Mar 12, 2009.
Original Security Agreement”);

WHEREAS, pursuant to Section 11.1 of the Original Credit Agreement, the Original Credit Agreement is being amended and restated concurrently with the Restatement Effective Date with the consent of the Requisite Lenders under the Original Credit Agreement.

WHEREAS, it is a condition precedent to extensions of credit under the Credit Agreement (defined below) that each Grantor shall have executed and delivered to the Collateral Agent this Agreement;

WHEREAS, pursuant to Section 7.1 of the Original Security Agreement, the Original Security Agreement is being amended and restated concurrently with the Restatement Effective Date with the consent of the Requisite Lenders under the Original Credit Agreement;

 

-1-

 

 


NOW, THEREFORE, in consideration of the foregoing and to induce the Lenders, the Issuer, the Collateral Agent, and the other Agents to enter into the Credit Agreement and to induce certain Lenders and the Issuer to make their respective extensions of credit to Holdco Co-Borrower, Ultimate Parent Co-Borrower, WII Co-Borrower and Borrower thereunder, each Grantor hereby agrees with the Collateral Agent to amend and restate the Original Security Agreement as follows:

 

ARTICLE I

DEFINED TERMS

 

Section 1.1

Definitions

(a)       Unless otherwise defined herein, terms defined in the Credit Agreement and used herein have the meanings given to them in the Credit Agreement.

(b)       Terms used herein without definition that are defined in the UCC have the meanings given to them in the UCC, including the following terms (which are capitalized herein):

EXCERPTS ON THIS PAGE:

10-Q
May 7, 2009
8-K
Mar 12, 2009
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki