Release of Security definition

Release of Security has the meaning given to it in the Security Sharing Agreement;
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Release of Security means an executed, irrevocable and valid release of all of the interest of each Lender in any mortgage or hypothecary instrument transferred or contributed to the guarantor entity originally securing both Eligible Loans and Retained Loans substantially in the form appended as Annex M which is delivered to the Custodian in trust upon and subject to the provisions of the Security Sharing Agreement.
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Release of Security means a release, effective on or before the Closing, of the Assets and the Diagnostics Business from the fixed and floating security in favour of Comerica Bank over the entire assets and undertaking of the Seller and Orchid created by a debenture dated 23 December 2002;
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Examples of Release of Security in a sentence

  • The warranty period begins on the day City Council approves the Partial Release of Security per subsection 9.5 below.

  • Capitalized terms used and not otherwise defined in this Release of Security have the meaning given to such terms in the Security Sharing Agreement (whether directly or by reference).

  • The warranty period begins on the day City Council approves the Partial Release of Security per subsection 9.5 above.

  • Each Seller party hereto further undertakes to sign any other document upon presentation so as to give full effect to the relinquishment set forth in this Release of Security.

  • In addition to the requirements set forth above and prior to commencement of any Services involving SSI, Artist agrees to execute a Non-Disclosure Agreement for Release of Security Sensitive Information (“NDA”) and require applicable third parties who will need to access SSI to execute a Third Party Non-Disclosure Agreement for Release of Security Sensitive Information (Third Party NDA), which will be provided under separate cover by the District.

  • Royal Bank of Canada further undertakes to sign any other document upon presentation so as to give full effect to the relinquishment set forth in this Release of Security.

  • Capitalized terms used and not otherwise defined in this Release of Security have the meaning given to such terms in the Security Sharing Agreement.

  • EXHIBIT A RELEASE OF SECURITY This Release of Security is delivered pursuant to and in accordance with the terms of a Security Sharing Agreement dated June 24, 2013 (as the same may be amended, restated or replaced from time to time, the “Security Sharing Agreement”) between Royal Bank of Canada, RBC Covered Bond Guarantor Limited Partnership and Computershare Trust Company of Canada, as Bond Trustee and Custodian, and the Guide.

  • Companies No ICA Group Company nor the Parent may assign or transfer any of its rights or obligations under this Agreement or any Debt Document other than pursuant to Clause 18 (Release of Security).

  • Upon completion of all Site Improvements, Owner shall submit to the Building and Planning Department a "Written Request for Final Release of Security" in the form attached to and incorporated herein as Exhibit E (the "Final Release Request"), along with Owner's engineer's stamped certificate of final completion of the Site Improvements ("Engineer's Certificate of Final Completion").


More Definitions of Release of Security

Release of Security. If a member of the Group shall dispose of any asset (including shares in any other member of the Group) and such disposal is permitted by the terms of the Senior Finance Documents or is otherwise consented to pursuant to the terms of the Senior Finance Documents then the Facility Agent shall promptly (and is hereby authorised by the Senior Finance Parties to) execute and instruct the Security Agent to execute such documents effecting the release of such asset from the security created in favour of the Senior Finance Parties as shall be required to allow the disposal to take place.
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Release of Security above, which shall have precedence:
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Release of Security. Upon The Borrowers reducing the outstanding loan facility down to a maximum of USD$2,500,000, The Lender agrees to assume a second position on all security with the exemption of BSRUS, ACC, Mirage Trading Corp., Play Center, CCC Panama and any other company that is doing business and/or has assets (invoices, equipment, etc.) in/or with Cuba, with the exception of Max, which, with these companies, The Lender will maintain its first position. The security in place to maintain the loan of USD$2,500,000 must be sufficient and satisfactory to The Lender and meet the following criteria: 80% Of under 90 day receivables (that have bills of exchange as security) from Cimex, Cubalse, Copextel and TRD, and any other receivables from various Cuban entities that The Lender, in its sole discretion find acceptable, before it releases the above mentioned security. In the event that The Borrowers reduce the loan amount down to USD$2,500,000 either by payment reduction or conversion into shares that are sold by The Lender, The Lender agrees to return the personal guarantees to Xxxxxxx Xxxxxxxxxx and Xxxxx Xxxxx. This consideration to be granted by The Lender to The Guarantors providing the security remaining is in compliance with the above conditions mentioned in clause 10. 11.
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Release of Security to release the Transaction Security, Permitted Security or any other claim over that asset and execute and deliver or enter into any release of that Transaction Security, Permitted Security or claim and issue any letters or any consent to dealing that may, in the discretion of the Security Agent, be considered necessary or desirable;
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Release of Security. The Vendors shall obtain an Encumbrance Discharge ------------------- in respect of all Security Interests to the extent such security encumbers the PNG Assets (except to the extent that such Security Interests are Permitted Encumbrances) and/or the Invasion Shares and/or the Skybird Invasion Shares.
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Release of Security. The Skybird Vendors shall obtain an Encumbrance ------------------- Discharge in respect of all Security Interests to the extent such security encumbers the Skybird Shares.
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Related to Release of Security

  • Breach of Security means the occurrence of unauthorised access to or use of the Premises, the Services, the Contractor system or any ICT or data (including the Authority’s Data) used by the Authority or the Contractor in connection with this Contract.

  • Form of Note means the “Form of Note” attached hereto as Exhibit A.

  • holder of Securities “registered holder”, or other similar term, means the Person or Persons in whose name or names a particular Security is registered on the Security Register kept for that purpose in accordance with the terms of this Indenture.

  • Statement of SEN means a statement made under section 324 of the Education Act 1996.

  • Quasi-Security means an arrangement or transaction described in paragraph (b) below.

  • Guaranty of Payment means each Guaranty of Payment executed and delivered on or after the Closing Date in connection with this Agreement by the Guarantors of Payment, as the same may from time to time be amended, restated or otherwise modified.

  • Exercise of Secured Creditor Remedies means, except as otherwise provided in the final sentence of this definition:

  • Additional Xxxx of Sale means each document, in the form of Attachment D hereto, executed by an authorized officer of VL Funding, the VL Funding Eligible Lender Trustee on behalf of VL Funding, Funding and the Interim Eligible Lender Trustee on behalf of Funding which shall: (i) set forth the list and certain terms of (a) Additional Loans offered by VL Funding and the VL Funding Eligible Lender Trustee on behalf of VL Funding and accepted for purchase by the Interim Eligible Lender Trustee for the benefit of Funding, including the Additional Loans Purchase Price for the Additional Loans being sold thereunder or (b) Substituted Loans substituted by VL Funding and (ii) sell, assign and convey to Funding and the Interim Eligible Lender Trustee, for the benefit of Funding, and their assignees, all right, title and interest of VL Funding and of the VL Funding Eligible Lender Trustee on behalf of VL Funding in the Additional Loans or Substituted Loans, as applicable, listed on the related Additional Xxxx of Sale and (iii) certify that the representations and warranties made by VL Funding and the VL Funding Eligible Lender Trustee on behalf of VL Funding pursuant to Sections 5(A) and (B) of these Master Terms, by the Servicer as set forth in Section 5(C) and by the Interim Eligible Lender Trustee as set forth in Section 5(D) are true and correct.

  • Assignment of Benefits means an arrangement whereby the Plan Participant assigns their right to seek and receive payment of eligible Plan benefits, in strict accordance with the terms of this Plan Document, to a Provider. If a provider accepts said arrangement, Providers’ rights to receive Plan benefits are equal to those of a Plan Participant, and are limited by the terms of this Plan Document. A Provider that accepts this arrangement indicates acceptance of an “Assignment of Benefits” as consideration in full for services, supplies, and/or treatment rendered.

  • Interest Free Security Deposit/ Performance Security means interest free amount to be deposited by the Licensee with NMRC as per terms and conditions of License Agreement as a security against the performance of the License Agreement.

  • Redemption Provisions Initial Redemption Date: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Repayment Provisions: Optional Repayment Date(s):

  • Description of Notes means the “Description of the Notes” section of the Final Offering Memorandum.

  • Reference Security means the security specified as such in the relevant Final Terms. If a Reference Security is no longer outstanding, a Similar Security will be chosen by the Quotation Agent at 11:00 a.m. (CET) on the third Business Day preceding the Make-whole Redemption Date, quoted in writing by the Quotation Agent to the Issuer and published in accordance with Condition 12 (Notices).

  • Additional Security has the meaning given in clause 10.6;

  • 101 ( Outstanding") (a)(1)(A)....................... 502, 512 (a)(1)(B)....................... 513 (b).............................. 508 Sec. 317(a)(1).......................... 503 (a)(2)........................... 504 Sec. 318(a)............................. 111 (c)..............................

  • Consent to subcontract means the Contracting Officer’s written consent for the Contractor to enter into a particular subcontract.

  • Debt Security or “Debt Securities” has the meaning stated in the first recital of this Indenture and more particularly means any debt security or debt securities, as the case may be, of any series authenticated and delivered under this Indenture.

  • Guarantor Security Agreement means any Security Agreement executed by any Guarantor in favor of Agent securing the Guaranty of such Guarantor.

  • Race or sex scapegoating means assigning fault, blame, or bias to a race or sex, or to members of a race or sex because of their race or sex; and

  • Spousal Consent has the meaning set forth in Section 7.19.

  • Senior Note means, for a Supplemental Loan, if any, each Multifamily Note secured by a Senior Instrument.

  • Subsidiary Guaranty means, collectively, the Subsidiary Guaranty made by the Subsidiary Guarantors in favor of the Collateral Agent on behalf of the Secured Parties, substantially in the form of Exhibit F-2, together with each other Guaranty and Guaranty supplement delivered pursuant to Section 6.12.