Document:

EX-10.10

 

Exhibit 10.10

AMENDED AND RESTATED TRADEMARK SECURITY AGREEMENT

     This AMENDED AND RESTATED TRADEMARK SECURITY AGREEMENT (this “Agreement”), dated as of
March 25, 2008 between MONEYGRAM INTERNATIONAL, INC., a Delaware corporation (“Grantor”),
and JPMORGAN CHASE BANK, N.A., as Collateral Agent for the benefit of the Secured Parties (the
“Collateral Agent”), amends and restates in its entirety that certain Trademark Security
Agreement, dated as of January 25, 2008 (the “Existing Trademark Security Agreement”),
which continues in effect as so amended and restated as set forth herein.

W I T N E S S E T H:

     WHEREAS, Grantor has entered into that certain Second Amended and Restated Credit Agreement
dated as of even date herewith by and among Grantor, the Borrower, the Administrative Agent and the
financial institutions so designated on the Commitment Schedule thereto (as amended, restated,
amended and restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”);

     WHEREAS, Grantor has entered into that certain Amended and Restated Security Agreement of even
date herewith (as amended, restated, amended and restated, modified or supplemented from time to
time, the “Security Agreement”) with the Collateral Agent, for the benefit of the Secured
Parties, pursuant to which Grantor has granted to the Collateral Agent a security interest in
substantially all the assets of Grantor, including all right, title and interest of Grantor in, to
and under all now owned and hereafter acquired Trademarks, together with the goodwill of the
business symbolized by Grantor’s Trademarks, and all proceeds thereof, to secure the payment of the
Secured Obligations;

     WHEREAS, capitalized terms used but not defined herein are used in the manner provided in the
Security Agreement and the Credit Agreement, as applicable;

     WHEREAS, Grantor owns the registered and pending Trademarks listed on Schedule 1 annexed hereto; and

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Grantor does hereby grant to the Collateral Agent, for the benefit of the
Secured Parties, a continuing security interest in all of Grantor’s right, title and interest in,
to and under the following (all of the following items or types of property being herein
collectively referred to as the “Trademark Collateral”), whether presently existing or
hereafter created or acquired:

	 	(1)	 	each Trademark, including without limitation, each registered and pending
Trademark referred to in Schedule 1 annexed hereto, together with any reissues,

 

 

	 	 	 	continuations or extensions thereof, and all of the goodwill of the business
connected with the use of, and symbolized by, each Trademark; and
	 
	 	(2)	 	all proceeds of the foregoing, including, without limitation, any claim by
Grantor against third parties for past, present or future (a) infringement of any
Trademark, including, without limitation, any registered and pending Trademark referred
to in Schedule 1 annexed hereto, or (b) injury to the goodwill associated with
any Trademark.

The security interests are granted in furtherance, and not in limitation, of the security interests
granted to the Collateral Agent, for the benefit of the Secured Parties, pursuant to the Security
Agreement. Grantor hereby acknowledges and affirms that the rights and remedies of the Collateral
Agent with respect to the security interest in the Trademark Collateral made and granted hereby are
more fully set forth in the Security Agreement, the terms and provisions of which are incorporated
by reference herein as if fully set forth herein. In the event of any conflict between the terms
of this Agreement and the Security Agreement, the terms of the Security Agreement shall govern.

     This Agreement amends and restates in its entirety the Existing Trademark Security Agreement
which continues in effect as so amended and restated as set forth herein. Without limiting the
generality of the immediately preceding sentence, the Liens granted under the Existing Trademark
Security Agreement (other than Permitted Liens), as so amended and restated as set forth in this
Agreement, shall in all respects be and remain continuing, securing the payment of all of the
Secured Obligations. The Grantor hereby reaffirms the security interests and Liens granted to the
Collateral Agent for its benefit and the ratable benefit of the Secured Parties pursuant to the
Existing Trademark Security Agreement as so amended and restated herein.

[signature page follows]

- 2 -

 

     IN WITNESS WHEREOF, Grantor has caused this Trademark Security Agreement to be duly executed
by its duly authorized officer thereunto as of the date first written above.

	 	 	 	 	 
	 	MONEYGRAM INTERNATIONAL, INC.
 	 
	 	By:  	/s/
Philip W. Milne	 
	 	Name:  	Philip W. Milne	 
	 	Title:  	President and Chief Executive Officer	 
	 

	 	 	 	 	 
	Acknowledged:

JPMORGAN CHASE BANK, N.A., as Collateral
Agent for the benefit of the Secured Parties
 	 	 
	By:  	/s/ Sabir Hashmy	 	 
	Name:  	Sabir Hashmy	 	 
	Title:  	Vice President	 	 
	 

Signature Page to Trademark
Security AgreementEX-10.11

 

Exhibit
10.11

TRADEMARK SECURITY AGREEMENT

     This TRADEMARK SECURITY AGREEMENT (this “Agreement”), dated as of March 25, 2008 is
between PROPERTYBRIDGE, INC., a Delaware corporation (“Grantor”), and JPMORGAN CHASE BANK,
N.A., as Collateral Agent for the benefit of the Secured Parties (the “Collateral Agent”).

W I T N E S S E T H:

     WHEREAS, reference is made to that certain Second Amended and Restated Credit Agreement dated
as of even date herewith by and among Holdco, the Borrower, the Administrative Agent and the
financial institutions so designated on the Commitment Schedule thereto (as amended, restated,
amended and restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”);

     WHEREAS, Grantor has entered into that certain Amended and Restated Security Agreement of even
date herewith (as amended, restated, amended and restated, modified or supplemented from time to
time, the “Security Agreement”) with the Collateral Agent, for the benefit of the Secured
Parties, pursuant to which Grantor has granted to the Collateral Agent a security interest in
substantially all the assets of Grantor, including all right, title and interest of Grantor in, to
and under all now owned and hereafter acquired Trademarks, together with the goodwill of the
business symbolized by Grantor’s Trademarks, and all proceeds thereof, to secure the payment of the
Secured Obligations;

     WHEREAS, capitalized terms used but not defined herein are used in the manner provided in the
Security Agreement and the Credit Agreement, as applicable;

     WHEREAS, Grantor owns the registered and pending Trademarks listed on Schedule 1
annexed hereto; and

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, Grantor does hereby grant to the Collateral Agent, for the benefit of the
Secured Parties, a continuing security interest in all of Grantor’s right, title and interest in,
to and under the following (all of the following items or types of property being herein
collectively referred to as the “Trademark Collateral”), whether presently existing or
hereafter created or acquired:

	 	(1)	 	each Trademark, including without limitation, each registered and pending
Trademark referred to in Schedule 1 annexed hereto, together with any reissues,
continuations or extensions thereof, and all of the goodwill of the business connected
with the use of, and symbolized by, each Trademark; and
	 
	 	(2)	 	all proceeds of the foregoing, including, without limitation, any claim by
Grantor against third parties for past, present or future (a) infringement of any
Trademark, including, without limitation, any registered and pending Trademark referred
to in

 

 

	 	 	 	Schedule 1 annexed hereto, or (b) injury to the goodwill associated with any
Trademark.

The security interests are granted in furtherance, and not in limitation, of the security interests
granted to the Collateral Agent, for the benefit of the Secured Parties, pursuant to the Security
Agreement. Grantor hereby acknowledges and affirms that the rights and remedies of the Collateral
Agent with respect to the security interest in the Trademark Collateral made and granted hereby are
more fully set forth in the Security Agreement, the terms and provisions of which are incorporated
by reference herein as if fully set forth herein. In the event of any conflict between the terms
of this Agreement and the Security Agreement, the terms of the Security Agreement shall govern.

[signature page follows]

-2-

 

     IN WITNESS WHEREOF, Grantor has caused this Trademark Security Agreement to be duly executed
by its duly authorized officer thereunto as of the date first written above.

	 	 	 	 	 	 	 
	 	 	 	 	PROPERTYBRIDGE, INC.
	 
	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Philip W. Milne

	 
	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Philip W. Milne 

	 
	 	 	 	 	 	 
	 

	 	 	 	Title:
	 	President and Chief Executive
Officer 

	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Acknowledged:	 	 	 	 
	 
	 	 	 	 	 	 
	JPMORGAN CHASE BANK, N.A., as Collateral

Agent for the benefit of the Secured Parties	 	 	 	 
	 
	 	 	 	 	 	 
	By:

	 	/s/ Sabir Hashmy 
	 	 	 	 
	 
	 	 	 	 	 	 
	Name:

	 	Sabir Hashmy 
	 	 	 	 
	 
	 	 	 	 	 	 
	Title:

	 	Vice President 
	 	 	 	 

Signature Page to Trademark

Security AgreementEX-10.12

 

Exhibit 10.12

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LIEN AND SECURITY INTEREST GRANTED SECOND PRIORITY COLLATERAL AGENT PURSUANT TO THIS AGREEMENT AND THE EXERCISE OF ANY RIGHT OR REMEDY
BY THE SECOND PRIORITY COLLATERAL AGENT HEREUNDER ARE SUBJECT TO THE PROVISIONS OF THE
INTERCREDITOR AGREEMENT DATED AS OF MARCH 25, 2008, AS THE SAME MAY BE AMENDED, SUPPLEMENTED,
MODIFIED OR REPLACED FROM TIME TO TIME (THE “INTERCREDITOR AGREEMENT”), AMONG JPMORGAN CHASE BANK,
N.A., AS FIRST PRIORITY REPRESENTATIVE, DEUTSCHE BANK TRUST COMPANY AMERICAS, A NEW YORK BANKING
CORPORATION, AS SECOND PRIORITY REPRESENTATIVE AND MONEYGRAM PAYMENT SYSTEMS WORLDWIDE, INC. IN
THE EVENT OF ANY CONFLICT BETWEEN THE TERMS OF THE INTERCREDITOR AGREEMENT AND THIS AGREEMENT, THE
TERMS OF THE INTERCREDITOR AGREEMENT SHALL GOVERN AND CONTROL.

SECOND PRIORITY TRADEMARK SECURITY AGREEMENT

     This SECOND PRIORITY TRADEMARK SECURITY AGREEMENT (this “Agreement”), dated as of
March 25, 2008 between PROPERTYBRIDGE, INC., a Delaware corporation (“Grantor”), and
DEUTSCHE BANK TRUST COMPANY AMERICAS, a New York banking corporation, as Collateral Agent for the
benefit of the Secured Parties (the “Second Priority Collateral Agent”).

W I T N E S S E T H:

     WHEREAS, Grantor has entered into a Second Priority Security Agreement of even date herewith
(as amended, restated, modified or supplemented from time to time, the “Second Priority
Security Agreement”) with the Second Priority Collateral Agent, for the benefit of the Secured
Parties, pursuant to which Grantor has granted to the Second Priority Collateral Agent a security
interest in substantially all the assets of Grantor, including all right, title and interest of
Grantor in, to and under all now owned and hereafter acquired Trademarks, together with the
goodwill of the business symbolized by Grantor’s Trademarks, and all proceeds thereof, to secure
the payment of the Second Priority Secured Obligations;

     WHEREAS, capitalized terms used but not defined herein are used in the manner provided in the
Second Priority Security Agreement and the Indenture, as applicable;

     WHEREAS, Grantor owns the registered and pending Trademarks listed on Schedule 1
annexed hereto; and

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, Grantor does hereby grant to the Second Priority Collateral Agent, for the
benefit of the Second Priority Secured Parties, a continuing security interest in all of Grantor’s
right, title and interest in, to and under the following (all of the following items or types of
property being herein collectively referred to as the “Trademark Collateral”), whether
presently existing or hereafter created or acquired:

 

 

	 	(1)	 	each Trademark, including without limitation, each registered and pending
Trademark referred to in Schedule 1 annexed hereto, together with any reissues,
continuations or extensions thereof, and all of the goodwill of the business connected
with the use of, and symbolized by, each Trademark; and
	 
	 	(2)	 	all proceeds of the foregoing, including, without limitation, any claim by
Grantor against third parties for past, present or future (a) infringement of any
Trademark, including, without limitation, any registered and pending Trademark referred
to in Schedule 1 annexed hereto, or (b) injury to the goodwill associated with
any Trademark.

The security interests are granted in furtherance, and not in limitation, of the security interests
granted to the Second Priority Collateral Agent, for the benefit of the Second Priority Secured
Parties, pursuant to the Second Priority Security Agreement. Grantor hereby acknowledges and
affirms that the rights and remedies of the Second Priority Collateral Agent with respect to the
security interest in the Trademark Collateral made and granted hereby are more fully set forth in
the Second Priority Security Agreement, the terms and provisions of which are incorporated by
reference herein as if fully set forth herein. In the event of any conflict between the terms of
this Agreement and the Second Priority Security Agreement, the terms of the Second Priority
Security Agreement shall govern.

[signature page follows]

-2-

 

     IN WITNESS WHEREOF, Grantor has caused this Second Priority Trademark Security Agreement to be
duly executed by its duly authorized officer thereunto as of the date first written above.

PROPERTYBRIDGE, INC.

	 	 	 	 	 	 
	 

	 	By:	 	/s/ David J. Parrin	 
	 

	 	 	 	 

	 
	 

	 	Name:
	 	David J. Parrin	 
	 

	 	 	 	 

	 
	 

	 	Title:
	 	Executive Vice President and Chief	 
	 

	 	 	 	 

	 

Acknowledged:

DEUTSCHE BANK TRUST COMPANY AMERICAS, as Collateral

Agent for the benefit of the Secured Parties

by DEUTSCHE BANK NATIONAL TRUST COMPANY

	 	 	 	 	 
	By:
	 	/s/ Cynthia J. Powell	 	 
	 

	 	 

	 	 	 
	Name:

	 	Cynthia J. Powell	 	 
	 

	 	 

	 	 	 
	Title:

	 	Vice President	 	 
	 

	 	 

	 	 
	 

	 	 	 	 	 
	By:
	 	/s/ David Contino	 	 
	 

	 	 

	 	 	 
	Name:

	 	David Contino	 	 
	 

	 	 

	 	 	 
	Title:

	 	Vice President	 	 
	 

	 	 

	 	 

Signature Page to Second Priority

Trademark Security Agreement

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