AMD Holding Security Documents Sample Clauses
The "AMD Holding Security Documents" clause establishes the responsibility of AMD to hold and manage certain security documents on behalf of the parties involved in a transaction. Typically, this means that AMD acts as a custodian for documents such as mortgages, charges, or other forms of security interests that secure obligations under an agreement. By centralizing the custody of these documents with AMD, the clause ensures that the security interests are properly maintained, easily accessible for enforcement or release, and protected from loss or unauthorized alteration, thereby safeguarding the interests of all parties and streamlining the administration of secured transactions.
AMD Holding Security Documents. AMD Holding has granted a first priority security interest in the AMD Holding Security pursuant to and on the terms and conditions set forth in the AMD Holding Security Documents.
AMD Holding Security Documents. (a) The provisions of each of the AMD Holding Security Documents which has been executed and delivered by AMD Holding are effective to create in favor of the Security Agent for the benefit of the Secured Parties, a legal, valid, and enforceable first priority Encumbrance in all rights, title, and interest of AMD Holding in the AMD Holding Security described therein, subject only to Permitted Encumbrances; and all necessary filings and recordings have been made in the requisite offices in all jurisdictions necessary or appropriate to perfect or continue perfected with such priority such Encumbrance on such Security.
(b) Each AMD Holding Security Document which has been executed and delivered by AMD Holding is effective to grant to the Security Agent a legal, valid, and enforceable security interest in all rights, title, and interest of AMD Holding in the AMD Holding Security described therein. When each such Security Document is duly recorded or filed in the applicable recording or filing office(s), if any, and the recording or filing fees and taxes, if any, in respect thereof are paid and compliance is otherwise had with the formal requirements of law applicable to the recording and filing of security documentation generally, such AMD Holding Security is subject to a legal, valid, enforceable, and perfected first priority Encumbrance.