Security Agreement (Vector and US Bank)
Category: Security
SECURITY AGREEMENT
DATED August 16, 2007
between
VECTOR TOBACCO INC.
and
U.S. BANK NATIONAL ASSOCIATION
as Collateral Agent
CONTENTS
i
THIS AGREEMENT is dated August 16, 2007
BETWEEN:
| (1) | VECTOR TOBACCO INC., a Virginia corporation, as grantor (the Grantor); and | |
BACKGROUND:
The Grantor enters into this Agreement in connection with the Indenture dated August 16, 2007 (the Indenture) by and among Vector Group Ltd. (Vector Group), the Guarantors party thereto and U.S. Bank National Association, as trustee (the Trustee) under the Indenture. Pursuant to the Indenture, Vector Group is issuing Notes and the Grantor is guaranteeing the Notes as provided in the Indenture. The Grantor now wishes to secure its obligations under the Indenture by entering into this Agreement.
IT IS AGREED as follows:
| 1. | INTERPRETATION | |
| (a) | accounts; | ||
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