Existing Security. 3.1 The Borrower confirms that the Security Document:
Existing Security. If applicable, evidence in form and substance satisfactory to the Administrative Agent of the release and discharge of any existing mortgage or other Security Interest affecting any Relevant Vessel, or any other releases in connection with any interest which would or might otherwise, in the Administrative Agent’s opinion, adversely affect the security constituted by the Security Documents.
Existing Security. (i) No Security exists on or over its Assets or those of ALSTOM Holdings as at the date of the Amendment Agreements except as listed in Schedule 13 (Existing Security); and
Existing Security no security exists on or over any of the Charged Property except for the security created by this Charge or otherwise permitted under the Financing Documents; and
Existing Security. Save as permitted under Clause 19.12 (Negative pledge) no Security Interests exist on or over all or any of the present or future revenues or assets of any member of the Group save as disclosed in Schedule 6 (Schedule of Security Interests).
Existing Security. The Borrower and the Parent confirm that, in accordance with paragraph 27 of the Sanction Order, (a) the Liens granted pursuant to the Pre-Filing Credit Agreement (the “Existing Security”) shall remain in place and be reserved pending the execution, delivery and registration of the Security Documents pursuant to this Agreement and the delivery of all required consents to such Security Documents, and (b) no steps to perfect or reperfect (including registration or publication of any hypothecs) the Existing Security, other than any steps which are required generally under applicable provincial laws to maintain perfection of security interests (including registration or publication of any hypothecs), shall be required to secure the obligations of the Borrower and the Parent hereunder.
Existing Security. No Security exists on or over its assets or those of any other member of the Group except as permitted by Clause 22 (General Undertakings).
Existing Security. The Borrower and the Parent confirm that the Liens granted pursuant to the Pre-Filing Credit Agreement and the Existing Security shall remain in full force and effect as security for the obligations of the Borrower and the Parent hereunder, in addition to the Security Documents.
Existing Security. Borrowers hereby agree and confirm that all obligations of the Borrowers under the Loan Documents remain in full force and effect and, together with this Amendment, are and continue to be secured by the liens and security interests set forth in the Loan Documents. Without limiting the generality of the foregoing, the Borrowers agree and confirm that the security interests granted and set forth in Section 2.1 of the Loan Agreement and in the Security Agreement apply with respect to each of the Borrowers hereunder and remain in full force and effect and, in furtherance thereof, each of the Borrowers hereby grants to the Bank a lien upon and security interest in the property and assets of the Borrowers described in Section 2.1 of the Loan Agreement and in the Security Agreement.
Existing Security. Copies of all required amendments to the Senior Secured Lenders’ existing security and guarantee documentation (to be provided in accordance with the relevant local counsel advice and input). If required, any release documents in respect of the existing security; and (f) Signed copies of other relevant finance documents, Ship Finance documents, New Secured Notes purchase agreement, etc. (to be further specified in due course). Legal opinions (a) Executed legal opinion from Norwegian or English law counsel to the Senior Secured Lenders (depending on whether the relevant Secured Facility Agreement is governed by Norwegian law or English law) relating to Norwegian/English law matters in respect of the relevant amendment and restatement agreements and related finance documents; (b) Executed legal opinion from counsel to the Senior Secured Lenders in each jurisdiction of governing law of any other security document or finance document; and (c) Executed legal opinion from counsel to the Senior Secured Lenders in each jurisdiction in which Obligors and Security Providers under the relevant Secured Facility Agreement are incorporated in respect of the relevant Obligor’s or Security Provider’s capacity to enter into the relevant amendment, transaction and finance documents.
