Change of Security Agent Sample Clauses

Change of Security Agent. The Security Agent may assign and transfer all ------------------------ of its rights to the Security Assets and all of its rights and obligations under this Deed to a replacement Security Agent appointed in accordance with this Deed and, when such assignment and transfer takes effect, the replacement Security Agent shall be for all purposes acting as agent and trustee in accordance with the trusts in this Deed.
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Change of Security Agent. The Security Agent may resign at any time by giving not less than 30 days prior written notice to the Lender and the Borrower. The Lender shall have the right to appoint a successor security agent, but if it does not do so within the 30 day notice period, the Security Agent may do so on its behalf. The resignation of the Security Agent shall not take effect until a successor security agent has been appointed. Upon such appointment, the successor security agent shall succeed to and become vested with all of the rights, powers, discretions and duties of the retiring Security Agent.
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Change of Security Agent. The Security Agent may:
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Change of Security Agent. (a) DLJ Capital Funding Inc. may (so long as it is the Security Agent), with the prior approval of such Lender, designate any Lender as a replacement Security Agent. Any Lender so designated shall become the Security Agent by delivering to the Facility Agent a duly executed Agent's Accession Agreement, which DLJ Capital Funding Inc. shall counter-sign. The Obligors shall take such action as the Facility Agent may reasonably require in order that the Security Documents or replacements therefor shall provide for effective and perfected security in favour of any replacement Security Agent.
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Change of Security Agent. In the event that there is any change in the identity of the Security Agent or an additional Security Agent is appointed in accordance with the Security Documents, the DSRA Account Bank (being duly indemnified by the Issuer for any reasonable costs incurred which are agreed to in writing in advance by the Issuer and are in compliance with the Public Contracts Code) shall execute such documents with any other parties to this Agreement and take such actions as such new Security Agent may require for the purposes of vesting in such new Security Agent the rights of the Security Agent under this Agreement and under the Security Documents and, where applicable, releasing the Security Agent from further obligations thereunder.
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Change of Security Agent. In the event that there is any change in the identity of the Security Agent or an additional Security Agent is appointed in accordance with the Security Documents, the Electronic Payments Account Bank (being duly indemnified by the Issuer for any reasonable costs incurred which are agreed to in writing in advance by the Issuer and are in compliance with the Public Contracts Code) shall execute such documents with any other parties to this Agreement and take such actions as such new Security Agent may require for the purposes of vesting in such new Security Agent the rights of the Security Agent under this Agreement and under the Security Documents and, where applicable, releasing the Security Agent from further obligations thereunder.
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Change of Security Agent 
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Related to Change of Security Agent

  • PLEDGE OF SECURITY Pledgor hereby pledges and assigns to Secured Party, and hereby grants to Secured Party a security interest in, all of Pledgor's right, title and interest in and to the following (the "PLEDGED COLLATERAL"):

  • Discharge of Security To the extent a sale or other disposition of the Secured Assets is permitted pursuant to the provisions hereof, the Lenders hereby authorize the Administrative Agent, at the cost and expense of the Borrower, to execute such discharges and other instruments which are necessary for the purposes of releasing and discharging the security interest of the Lenders and the Administrative Agent therein or for the purposes of recording the provisions or effect thereof in any office where the Security Documents may be registered or recorded or for the purpose of more fully and effectively carrying out the provisions of this Section 14.25.

  • Release of Security (a) If a disposal of any asset subject to security created by a Security Document is made in the following circumstances:

  • Protection of Security Each Grantor shall, at its own cost and expense, take any and all actions necessary to defend title to the Collateral against all persons and to defend the Security Interest of the Collateral Agent in the Collateral and the priority thereof against any Lien not expressly permitted pursuant to Section 6.02 of the Credit Agreement.

  • Nature of Security 7.1 The security created hereunder shall not be affected by any other security held by Pledgee for the Secured Debt, and shall not affect the effectiveness of any other security.

  • Confirmation of Security Borrower hereby confirms and agrees that all of the Collateral Documents that presently secure the Obligations shall continue to secure, in the same manner and to the same extent provided therein, the payment and performance of the Obligations as described in the Original Credit Agreement as modified by this Amendment.

  • Perfection of Security The Borrower must (at its own cost) take any action and enter into and deliver any document which is required by the Lender so that a Security Document provides for effective and perfected security in favor of any successor of the Lender, including (but not limited to), promptly after the date hereof:

  • Release of Security Interest The financial institution named below hereby relinquishes any and all right, title, interest, lien or claim of any kind it may have in all mortgage loans described on the attached Schedule A (the “Mortgage Loans”) to be purchased by Xxxxxx Xxxxxxx Mortgage Capital Inc. from the company named on the next page pursuant to that certain Second Amended and Restated Mortgage Loan Sale and Servicing Agreement, dated as of July 1, 2006 and certifies that all notes, mortgages, assignments and other documents in its possession relating to such Mortgage Loans have been delivered and released to the Company or its designees, as of the date and time of the sale of such Mortgage Loans to Xxxxxx Xxxxxxx Mortgage Capital Inc. Such release shall be effective automatically without any further action by any party upon payment in one or more installments, in immediately available funds, of $_____________, in accordance with the wire instructions set forth below. Name, Address and Wire Instructions of Financial Institution ________________________________ (Name) ________________________________ (Address) ________________________________ ________________________________ ________________________________ By:_____________________________

  • Pledge of Securities Notwithstanding anything to the contrary contained in this Agreement, the Company acknowledges and agrees that the Securities may be pledged by an Investor in connection with a bona fide margin agreement or other loan or financing arrangement that is secured by the Securities. The pledge of Securities shall not be deemed to be a transfer, sale or assignment of the Securities hereunder, and no Investor effecting a pledge of Securities shall be required to provide the Company with any notice thereof or otherwise make any delivery to the Company pursuant to this Agreement or any other Transaction Document, including, without limitation, Section 2(g) hereof; provided that an Investor and its pledgee shall be required to comply with the provisions of Section 2(g) hereof in order to effect a sale, transfer or assignment of Securities to such pledgee. The Company hereby agrees to execute and deliver such documentation as a pledgee of the Securities may reasonably request in connection with a pledge of the Securities to such pledgee by a Buyer.

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