First Lien Pledge And Security Agreement (2014)Full Document 

Start of Preview

TABLE OF CONTENTS

PAGE

SECTION 1.

DEFINITIONS; GRANT OF SECURITY

2

1.1

General Definitions

2

1.2

Definitions; Interpretation

8

SECTION 2.

GRANT OF SECURITY

9

2.1

Grant of Security

9

2.2

Certain Limited Exclusions

10

SECTION 3.

SECURITY FOR OBLIGATIONS; GRANTORS REMAIN LIABLE

11

3.1

Security for First Lien Obligations

11

3.2

Continuing Liability Under Collateral

11

SECTION 4.

CERTAIN PERFECTION REQUIREMENTS

11

4.1

Delivery Requirements

11

4.2

Control Requirements

12

4.3

Intellectual Property Recording Requirements

13

4.4

Other Actions

13

4.5

Timing and Notice

14

SECTION 5.

REPRESENTATIONS AND WARRANTIES

14

5.1

Grantor Information and Status

14

5.2

Collateral Identification, Special Collateral

15

5.3

Ownership of Collateral and Absence of Other Liens

16

5.4

Status of Security Interest

16

5.5

Goods and Receivables

17

5.6

Pledged Equity Interests, Investment Related Property

18

5.7

Intellectual Property

18

SECTION 6.

COVENANTS AND AGREEMENTS

20

6.1

Grantor Information and Status

20

6.2

Collateral Identification; Special Collateral

20

6.3

Ownership of Collateral and Absence of Other Liens

21

6.4

Status of Security Interest

21

6.5

Goods and Receivables

21

6.6

Pledged Equity Interests, Investment Related Property

23

6.7

Intellectual Property

24

SECTION 7.

FURTHER ASSURANCES; ADDITIONAL GRANTORS

26

7.1

Further Assurances

26

7.2

Additional Grantors

27

SECTION 8.

COLLATERAL AGENT APPOINTED ATTORNEY-IN-FACT

27

8.1

Power of Attorney

27

8.2

No Duty on the Part of Collateral Agent or Secured Parties

28

SECTION 9.

REMEDIES

28

9.1

Generally

28

i



End of Preview

9.2

Application of Proceeds

30

9.3

Sales on Credit

30

9.4

Investment Related Property

30

9.5

Grant of Intellectual Property License

30

9.6

Intellectual Property

31

9.7

Cash Proceeds; Deposit Accounts

32

SECTION 10.

COLLATERAL AGENT; INTERCREDITOR AGREEMENT