WEST COAST ENTERTAINMENT CORP. SECURITY AGREEMENT (1996-06-03)
This Security Agreement is made and entered into as of the 17th day of May, 1996, between WEST COAST ENTERTAINMENT CORPORATION, a Delaware corporation (the "Company"), VIDEOSMITH INCORPORATED, a Massachusetts corporation, WEST COAST FRANCHISING COMPANY, a Delaware corporation, PALMER WEST COAST CORPORATION, a Delaware corporation, RKT MERGER CO., a Delaware corporation, SHOWTIME, INC., a Virginia corporation, and VIDEO GIANT INC., a Texas corporation (collectively, the "Debtors"), and PNC BANK, NATIONAL ASSOCIATION, as agent (in such capacity, the "Agent") for the banks and other financial institutions (the "Banks") from time to time parties to the Credit Agreement, dated as of the date hereof (as amended, supplemented or otherwise modified from time to time, the "Credit Agreement") among the Debtors, the Banks and the Agent.