Participant's Security Interest Sample Clauses
The Participant's Security Interest clause establishes the participant's legal right to claim a security interest in certain assets or collateral provided under the agreement. In practice, this means that if the other party defaults on its obligations, the participant can enforce its interest by seizing or otherwise asserting rights over the specified collateral, such as equipment, inventory, or receivables. This clause is essential for protecting the participant's investment or exposure by providing a clear mechanism for recourse in the event of non-payment or breach.
Participant's Security Interest. If a Participant shall at any time participate with Lender in the Loans, Letter of Credit Accommodations or other Obligations, Borrower hereby grants to such Participant and such Participant shall have and is hereby given, a continuing lien on and security interest in any money, securities and other property of Borrower in the custody or possession of the Participant, including the right of setoff, to the extent of the Participant's participation in the Obligations, and such Participant shall be deemed to have the same right of setoff to the extent of its participation in the Obligations, as it would have if it were a direct lender.
Participant's Security Interest. If a Participant shall at any time participate with any Lender in the Loans, Letter of Credit Accommodations or other Obligations, Borrowers hereby grant to such Participant and such Participant shall have and is hereby given, a continuing lien on and security interest in any money, securities and other property of Borrowers in the custody or possession of the Participant, including the right of setoff, to the extent of the Participant’s participation in the Obligations, and such Participant shall be deemed to have the same right of setoff to the extent of its participation in the Obligations, as it would have if it were a direct lender. *** CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS.
Participant's Security Interest. 49 12.6 Confidentiality...................................... 49 12.7
Participant's Security Interest. If a Participant that is a banking or lending institution shall at any time participate with any Lender in the Loans, Letter of Credit Obligations or other Obligations, each Borrower and each Aftermarket Entity hereby grants to such Participant and such Participant shall have and is hereby given, a continuing lien on and security interest in any money, securities and other property of such Borrower and/or such Aftermarket Entity in the custody or possession of the Participant, including the right of setoff, to the extent of the Participant's participation in the Obligations, and such Participant shall be deemed to have the same right of setoff to the extent of its participation in the Obligations, as it would have if it were a direct lender.
Participant's Security Interest. If a Participant shall at any time participate with Lender in the Loans, the Letter of Credit Accommodations or other Obligations, each Borrower and HI New York hereby grants to such Participant and such Participant shall have and is hereby given, a continuing lien on and security interest in any money, securities and other property of such Borrower and HI New York in the custody or possession of the Participant, including the right of setoff, to the extent of the Participant's participation in the Obligations, and such Participant shall be deemed to have the same right of setoff to the extent of its participation in the Obligations, as it would have if it were a direct lender.