Grant of Security (2009)Full Document 

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VIRTUS INVESTMENT PARTNERS, INC.

SECURITY AGREEMENT

among

VIRTUS INVESTMENT PARTNERS, INC.,

EACH OF THE OTHER GRANTORS PARTY HERETO

and

THE BANK OF NEW YORK MELLON,

as Administrative Agent

 

 

Dated as of September 1, 2009


TABLE OF CONTENTS

 

          Page
ARTICLE 1. DEFINITIONS; GRANT OF SECURITY; CONTINUING PERFECTION AND PRIORITY    3
    SECTION 1.1    GENERAL DEFINITIONS    3
    SECTION 1.2    OTHER DEFINITIONS; INTERPRETATION    12
    SECTION 1.3    GRANT OF SECURITY    12
ARTICLE 2. SECURITY FOR OBLIGATIONS; NO ASSUMPTION OF LIABILITY    14
    SECTION 2.1    SECURITY FOR SECURED OBLIGATIONS    14
    SECTION 2.2    NO ASSUMPTION OF LIABILITY    14
ARTICLE 3. REPRESENTATIONS AND WARRANTIES AND COVENANTS    14
    SECTION 3.1    GENERALLY    14
    SECTION 3.2    EQUIPMENT AND INVENTORY    18
    SECTION 3.3    RECEIVABLES    19
    SECTION 3.4    INVESTMENT-RELATED PROPERTY    20
    SECTION 3.5    LETTER-OF-CREDIT RIGHTS    24
    SECTION 3.6    INTELLECTUAL PROPERTY COLLATERAL    24
    SECTION 3.7    COMMERCIAL TORT CLAIMS    26
    SECTION 3.8    DEPOSIT ACCOUNTS; BLOCKED ACCOUNTS    27
ARTICLE 4. FURTHER ASSURANCES; FILING AUTHORIZATION    27
    SECTION 4.1    FURTHER ASSURANCES    27
    SECTION 4.2    FILINGS    28
ARTICLE 5. REMEDIES UPON DEFAULT    28
    SECTION 5.1    REMEDIES GENERALLY    28
    SECTION 5.2    APPLICATION OF PROCEEDS OF COLLATERAL    31
    SECTION 5.3    INVESTMENT-RELATED PROPERTY    32
    SECTION 5.4    GRANT OF LICENSE TO USE INTELLECTUAL PROPERTY    33
ARTICLE 6. CONCERNING THE ADMINISTRATIVE AGENT    33
    SECTION 6.1    IN GENERAL    33
    SECTION 6.2    STANDARD OF CARE    33
    SECTION 6.3    ADMINISTRATIVE AGENT APPOINTED ATTORNEY-IN-FACT    34
    SECTION 6.4    REIMBURSEMENT OF ADMINISTRATIVE AGENT    35
ARTICLE 7. WAIVERS; AMENDMENTS    36
ARTICLE 8. SECURITY INTEREST ABSOLUTE    36
ARTICLE 9. TERMINATION; RELEASE    37
ARTICLE 10. ADDITIONAL GRANTORS    37
ARTICLE 11. NOTICES    38
ARTICLE 12. BINDING EFFECT; SEVERAL AGREEMENT; ASSIGNMENTS    38

Virtus Investment Partners, Inc. Security Agreement


TABLE OF CONTENTS

 

          Page
ARTICLE 13. SURVIVAL OF AGREEMENT; SEVERABILITY    38
ARTICLE 14. MISCELLANEOUS    39
    SECTION 14.1    GOVERNING LAW    39
    SECTION 14.2    COUNTERPARTS; INTEGRATION    39
    SECTION 14.3    HEADINGS    39
    SECTION 14.4    JURISDICTION; VENUE; CONSENT TO SERVICE OF PROCESS    39
    SECTION 14.5    WAIVER OF JURY TRIAL    40

SCHEDULES:

 

Schedule I    List of Subsidiaries and Addresses for Notices
Schedule 3.1(a)(i)    List of Chief Executive Offices, Jurisdictions of Organization, Federal Employer Identification Numbers and Company Organizational Numbers
Schedule 3.1(a)(ii)    List of Legal and Other Names
Schedule 3.1(a)(iii)    List of Security Agreements
Schedule 3.1(a)(v)    List of Liens on Collateral; List of Financing Statements
Schedule 3.1(a)(vii)    List of Material Authorizations
Schedule 3.1(a)(viii)    List of Material Licenses
Schedule 3.2    List of Locations of Equipment and Inventory
Schedule 3.4    List of Investment-Related Property
Schedule 3.4(a)(iv)    List of Uncertificated Pledged Equity Interests Not Subject to Blocked Accounts
Schedule 3.4(a)(v)    List of Persons with Control Over Investment-Related Property
Schedule 3.5    List of Letters of Credit
Schedule 3.6    List of Intellectual Property
Schedule 3.7    List of Commercial Tort Claims
Schedule 3.8    List of Deposit Accounts

EXHIBITS:

 

Exhibit A    Form of Supplement
Exhibit B    Form of Issuer’s Acknowledgment
Exhibit C    Form of Power of Attorney
Exhibit D    Form of Letter Agreement (Secured Hedging Agreements and Secured Cash Management Agreements)

 

(ii)

Virtus Investment Partners, Inc. Security Agreement

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