CREATION OF FIXED SECURITY Sample Clauses

CREATION OF FIXED SECURITY. 6.1 As continuing security for the payment or discharge of the Series 2023-1 (A3) Secured Obligations subject to Clause 9 (Redemption and Release) the Issuer with full title guarantee, in favour of the Note Trustee for itself and as trustee for the Note Trustee itself and on trust for the Series 2023-1 (A3) Secured Creditors, hereby: (a) assigns by way of first fixed security all the Benefit of the Issuer in the Class A3 (2023-1) Loan Note; (b) assigns by way of first fixed security all the Benefit of the Issuer in the security interest created in favour of the Security Trustee by Funding 1 in respect of the Class A3 (2023-1) Loan Note; (c) assigns by way of first fixed security all the Benefit of the Issuer in and to all monies credited in respect of the Series 2023-1 (A3) Charged Accounts; and (d) assigns by way of first fixed security all the Benefit of the Issuer in each Series 2023-1 (A3) Document (other than this Note Trust Deed Supplement) to which the Issuer is a party (and sums received or recoverable thereunder), including without limitation all rights to receive payment of any amount which may become payable to the Issuer thereunder (in respect of Series 2023-1 (A3)) or payments received by the Issuer thereunder (in respect of Series 2023-1 (A3)) or rights to serve notices and/or to take such steps as are required to cause payments to become due and payable thereunder and all rights of action in respect of any breach thereof and all rights to receive damages or obtain other relief in respect thereto. For the purposes of perfection and in connection with the creation of the security interests pursuant hereto the Issuer agrees to give all notices of assignment necessary to perfect the security interests (including, but not limited to, any which may from time to time be deemed necessary by the Note Trustee).
AutoNDA by SimpleDocs
CREATION OF FIXED SECURITY. The Chargor, as security for the payment of all the Secured Liabilities, charges in favour of the Security Trustee:- (a) by way of a first legal mortgage: (i) any property specified in Schedule 1; and (ii) all estates or interests in any freehold or leasehold property (except any Security Assets specified in sub-paragraph (i) above) now belonging to it; and (b) by way of first fixed charge: (i) (to the extent that they are not the subject of a mortgage under paragraph (a) above) all estates or interests in any freehold or leasehold property belonging to it; (ii) all plant and machinery owned by the Chargor and its interest in any plant or machinery in its possession; (iii) all moneys standing to the credit of any account (including the Security Accounts) with any person and the debts represented by them; (iv) all benefits in respect of the Insurances and all claims and returns of premiums in respect of them; (v) all of the Chargor's book and other debts, the proceeds of the same and all other moneys due and owing to the Chargor and the benefit of all rights, securities and guarantees of any nature enjoyed or held by it in relation to any of the foregoing; (vi) (to the extent that they do not fall within any other sub- paragraph of this paragraph (b)) all of the Chargor's rights and benefits under the Relevant Agreements, any distributorship or similar agreements entered into by it, any letters of credit issued in its favour and all bills of exchange and other negotiable instruments held by it; (vii) any beneficial interest, claim or entitlement of the Chargor in any pension fund; (viii) its goodwill; (ix) to the extent that they are capable of being the subject of security, the benefit of all authorizations (statutory or otherwise) held in connection with its business or the use of any Security Asset specified in any other sub-paragraph in this Clause and the right to recover and receive all compensation which may be payable to it in respect of them; (x) its uncalled capital; and (xi) its Intellectual Property Rights (including any patents and trademarks specified in Schedule 2); and (c) by way of first fixed charge and first mortgage, its interest in all the Charged Shares and their Related Rights.
CREATION OF FIXED SECURITY. As continuing security for the full and punctual payment or performance when due (whether at stated maturity, acceleration or otherwise) of the Secured Obligations, the Company hereby absolutely and unconditionally charges in favor of the Security Trustee (as security trustee for the benefit of the Trustee (on behalf of the Holders)), by way of first ranking fixed charge and first ranking assignment by way of security: (a) all of its Equity Interests in the Israeli Guarantor (currently those Equity Interests set forth in Schedule 2 (Equity Interests)) together with all Related Rights; (b) all of its rights to any exemption, relief or discount which may reduce or minimize any tax rate or tax liability or any part thereof (to the extent the Company is entitled to such at the date of the enforcement of the Security Assets) (the “Tax Reliefs”); and (c) its rights to compensation (including under the Property Tax and Compensation Fund Law, 5721-1961), indemnification and any other right that it shall have against any third party for the loss, damage or expiration of the Security Assets or in relation to any Tax Reliefs.
CREATION OF FIXED SECURITY. As continuing security for the full and punctual payment or performance when due and payable (whether at stated maturity, acceleration or otherwise) of the Secured Obligations, the Company hereby absolutely and unconditionally charges in favour of the Collateral Agent (as collateral agent for the benefit of the Secured Parties), by way of first ranking fixed charge and first ranking assignment by way of security: (a) each of its Patents registered with the Registrar of Patents, including each of the Patents set out in Part A of Schedule 2 (Intellectual Property); (b) each of its Patents being applied for with the Registrar of Patents, including each of the Patent applications set out in Part A of Schedule 2 (Intellectual Property); (c) each of its Designs registered with the Registrar of Patents, including each of the Designs set out in Part B of Schedule 2 (Intellectual Property); (d) each of its Designs being applied for with the Registrar of Patents, including each of the Design applications set out in Part B of Schedule 2 (Intellectual Property); (e) each of its Trademarks registered with the Registrar of Patents, including each of the Trademarks set out in Part C of Schedule 2 (Intellectual Property); (f) each of its Trademarks being applied for with the Registrar of Patents, including each of the Trademark applications set out in Part C of Schedule 2 (Intellectual Property) (g) each of its exclusive Licences under which the Company is a licensee, including each of the Licences set out in Part D of Schedule 2 Intellectual Property); (h) all of its IIA-Funded Know-How, including the IIA-Funded Know-How set out in Part E of Schedule 2 (Intellectual Property); (i) all present and future remaining Intellectual Property of the Company; and (j) its rights to compensation (including under the Property Tax and Compensation Fund Law, 1961), indemnification and any other right that it shall have against any third party for the loss, damage or expiration of the Security Assets or in relation to any tax reliefs, in each case, other than the Excluded Assets.
CREATION OF FIXED SECURITY. As continuing security for the full and punctual payment or performance when due and payable (whether at stated maturity, acceleration or otherwise) of the Secured Obligations, the Company hereby absolutely and unconditionally charges in favour of the Collateral Agent (as collateral agent for the benefit of the Secured Parties), by way of first ranking fixed charge and first ranking assignment by way of security: (a) all of its Equity Interests in the Pledged Subsidiary (including those Equity Interests set forth in Schedule 2 (Equity Interests)) together with all Related Rights; (b) all of its rights to receive payments (whether in kind or in cash) under the Notes and all Related Rights; (c) all of its rights to any exemption, relief or discount which may reduce or minimize any tax rate or tax liability or any part thereof (to the extent the Company is entitled to such at the date of the realization of the Security Assets) (the “Tax Reliefs”); (d) its rights to compensation (including under the Property Tax and Compensation Fund Law, 1961), indemnification and any other right that it shall have against any third party for the loss, damage or expiration of the Security Assets or in relation to any Tax Reliefs; and (e) all proceeds of the foregoing.
CREATION OF FIXED SECURITY. As continuing security for the full and punctual payment or performance when due and payable (whether at stated maturity, acceleration or otherwise) of the Secured Obligations, the Company hereby absolutely and unconditionally charges in favour of the Collateral Agent (as collateral agent for the benefit of the Secured Parties), by way of first ranking fixed charge and first ranking assignment by way of security:
CREATION OF FIXED SECURITY. The Borrower, with full title guarantee and as security for the payment of all of the Secured Liabilities, charges in favour of the Bank by way of first fixed charge, all of the Charged Assets to the extent (if any) not effectively assigned under Clause 2.1 (Assignment).
AutoNDA by SimpleDocs
CREATION OF FIXED SECURITY. The Chargor charges to the Security Trustee by way of fixed charge (which so far as relates to freehold or leasehold property in England and Wales vested in the Chargor at the date of this Debenture shall be a charge by way of legal mortgage) with full title guarantee and as a continuing security for the payment and discharge of the Obligations all of the Chargor’s rights to and title and interest from time to time in any and each of the following:
CREATION OF FIXED SECURITY 

Related to CREATION OF FIXED SECURITY

  • E7 Security The Authority shall be responsible for maintaining the security of the Authority premises in accordance with its standard security requirements. The Contractor shall comply with all security requirements of the Authority while on the Authority premises, and shall ensure that all Staff comply with such requirements.

  • Transfer of Note Each provision of this Note shall be and remain in full force and effect notwithstanding any negotiation or transfer hereof and any interest herein to any other Holder or participant.

  • Transfer of Beneficial Interests to Another Restricted Global Security A beneficial interest in a Transfer Restricted Global Security may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Transfer Restricted Global Security if the transfer complies with the requirements of Section 2.2(b)(ii) above and the Registrar receives the following: (A) if the transferee will take delivery in the form of a beneficial interest in a Rule 144A Global Security, then the transferor must deliver a certificate in the form attached to the applicable Security; and (B) if the transferee will take delivery in the form of a beneficial interest in a Regulation S Global Security, then the transferor must deliver a certificate in the form attached to the applicable Security.

  • Restricted Global Security to Regulation S Global Security If a holder of a beneficial interest in a Restricted Global Security deposited with or on behalf of DTC wishes at any time to exchange its interest in such Restricted Global Security for an interest in a Regulation S Global Security, or to transfer its interest in such Restricted Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Regulation S Global Security, such holder, provided such holder is not a U.S. person, may, subject to the rules and procedures of DTC, exchange or cause the exchange of such interest for an equivalent beneficial interest in the Regulation S Global Security. Upon receipt by the Trustee, as Certificate Registrar, of (I) instructions from DTC directing the Trustee, as Certificate Registrar, to be credited a beneficial interest in a Regulation S Global Security in an amount equal to the beneficial interest in such Restricted Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Regulation S Global Security, (II) a written order given in accordance with DTC’s procedures containing information regarding the participant account of DTC and, in the case of a transfer pursuant to and in accordance with Regulation S, the Euroclear or Clearstream account to be credited with such increase and (III) a certificate in the form of Exhibit N-1 hereto given by the holder of such beneficial interest stating that the exchange or transfer of such interest has been made in compliance with the transfer restrictions applicable to the Global Securities, including that the holder is not a U.S. person, and pursuant to and in accordance with Regulation S, the Trustee, as Certificate Registrar, shall reduce the principal amount of the Restricted Global Security and increase the principal amount of the Regulation S Global Security by the aggregate principal amount of the beneficial interest in the Restricted Global Security to be exchanged, and shall instruct Euroclear or Clearstream, as applicable, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Regulation S Global Security equal to the reduction in the principal amount of the Restricted Global Security.

  • Regulation S Global Security to Restricted Global Security If a holder of a beneficial interest in a Regulation S Global Security deposited with or on behalf of DTC wishes at any time to transfer its interest in such Regulation S Global Security to a Person who wishes to take delivery thereof in the form of an interest in a Restricted Global Security, such holder may, subject to the rules and procedures DTC, exchange or cause the exchange of such interest for an equivalent beneficial interest in a Restricted Global Security. Upon receipt by the Trustee, as Certificate Registrar, of (I) instructions from DTC directing the Trustee, as Certificate Registrar, to cause to be credited a beneficial interest in a Restricted Global Security in an amount equal to the beneficial interest in such Regulation S Global Security to be exchanged but not less than the minimum denomination applicable to such holder’s Certificates held through a Restricted Global Security, to be exchanged, such instructions to contain information regarding the participant account with DTC to be credited with such increase, and (II) a certificate in the form of Exhibit N-2 hereto given by the holder of such beneficial interest and stating, among other things, that the Person transferring such interest in such Regulation S Global Security reasonably believes that the Person acquiring such interest in a Restricted Global Security is a QIB, is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any State of the United States or any other jurisdiction, then the Trustee, as Certificate Registrar, will reduce the principal amount of the Regulation S Global Security and increase the principal amount of the Restricted Global Security by the aggregate principal amount of the beneficial interest in the Regulation S Global Security to be transferred and the Trustee, as Certificate Registrar, shall instruct DTC, concurrently with such reduction, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Restricted Global Security equal to the reduction in the principal amount of the Regulation S Global Security.

  • Perfection of Transfer and Protection of Security Interests Section 4.01. Custody of Contracts.................................... 4-1 Section 4.02. Filings................................................. 4-2 Section 4.03. Name Change or Relocation............................... 4-2 Section 4.04. Chief Executive Office.................................. 4-3 Section 4.05. Costs and Expenses...................................... 4-3 -i-

  • Restrictions on Transfer of a Definitive Security for a Beneficial Interest in a Global Security A Definitive Security may not be exchanged for a beneficial interest in a Global Security except upon satisfaction of the requirements set forth below. Upon receipt by the Trustee of a Definitive Security, duly endorsed or accompanied by a written instrument of transfer in form reasonably satisfactory to the Company and the Security Registrar, together with written instructions directing the Trustee to make, or to direct the Securities Custodian to make, an adjustment on its books and records with respect to such Global Security to reflect an increase in the aggregate principal amount of the Securities represented by the Global Security, such instructions to contain information regarding the Depositary account to be credited with such increase, then the Trustee shall cancel such Definitive Security and cause, or direct the Securities Custodian to cause, in accordance with the standing instructions and procedures existing between the Depositary and the Securities Custodian, the aggregate principal amount of Securities represented by the Global Security to be increased by the aggregate principal amount of the Definitive Security to be exchanged and shall credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Global Security equal to the principal amount of the Definitive Security so canceled. If no Global Securities are then outstanding and the Global Security has not been previously exchanged for certificated securities pursuant to Section 2.4, the Company shall issue and the Trustee shall authenticate, upon written order of the Company in the form of an Officer’s Certificate, a new Global Security in the appropriate principal amount.

  • User Security You agree to take every precaution to ensure the safety, security and integrity of your account and transactions when using Mobile Banking. You agree not to leave your Device unattended while logged into Mobile Banking and to log off immediately at the completion of each access by you. You agree not to provide your username, password or other access information to any unauthorized person. If you permit other persons to use your Device, login information, or other means to access Mobile Banking, you are responsible for any transactions they authorize and we will not be liable for any damages resulting to you. You agree not to use any personally identifiable information when creating shortcuts to your Account. We make no representation that any content or use of Mobile Banking is available for use in locations outside of the United States. Accessing Mobile Banking from locations outside of the United States is at your own risk.

  • Transfer of Beneficial Interests to Another Restricted Global Note A beneficial interest in any Restricted Global Note may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Restricted Global Note if the transfer complies with the requirements of Section 2.06(b)(ii) hereof and the Registrar receives the following: (A) if the transferee will take delivery in the form of a beneficial interest in a 144A Global Note, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (1) thereof; or (B) if the transferee will take delivery in the form of a beneficial interest in a Regulation S Global Note, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (2) thereof.

  • Password Security You are responsible for maintaining adequate security and control of any and all User IDs, Passwords, hints, personal identification numbers (PINs), or any other codes that you use to access the Account. Do not discuss, compare, or share information about your account number or password unless you are willing to give them full use of your money. Any loss or compromise of the foregoing information and/or your personal information may result in unauthorized access to your Account by third-parties and the loss or theft of any funds held in your Account and any associated accounts, including your Account. Checks and electronic withdrawals are processed by automated methods, and anyone who obtains your account number or access device could use it to withdraw money from your account, with or without your permission. You are responsible for keeping your email address and telephone number up to date in order to receive any notices or alerts that we may send you. We assume no responsibility for any loss that you may sustain due to compromise of your account login credentials due to no fault of ours and/or your failure to follow or act on any notices or alerts that we may send to you. If you believe your Account information has been compromised, or that someone has transferred or may transfer money from your account without your permission, contact us immediately, through Synapse, at xxxx@xxxxxxxxx.xxx or call at +0(000) 000-0000. You agree to promptly review all Account and transaction records and other Communications that we make available to you and to promptly report any discrepancy to us.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!