Permitted Security Interest. For purposes of Section 7 of this Agreement, Party A hereby consents to the Permitted Security Interest, subject to the provisions of paragraph (c) below.
Permitted Security Interest. For purposes of Section 7 of the Form Master Agreement, Bear Stearns hereby consents to the Permitted Security Interest.
Permitted Security Interest. Amend the definition of “Permitted Security Interest” to include Security Interests in addition to the existing “Permitted Security Interests”:
(a) which arise under any senior secured finance document which is subject to the term of an intercreditor agreement on terms satisfactory to the Facility Agent (acting reasonably);
(b) which arise by operation of law or by a contract having a similar effect or under an escrow arrangement required by a trading counterparty or a member of the Borrower Group in each case entered into in the ordinary course of business of the relevant member of the Borrower Group;
(c) which arise in respect of any right of set-off, netting arrangement, title transfer or title retention arrangements which arise in the ordinary course of business or by operation of law, under banking arrangements, retention of title arrangements or hedging arrangements;
(d) which arise from any finance leases, sale and leaseback arrangements or vendor financing arrangements which are permitted under Clause 16.12 (Restrictions on Financial Indebtedness);
(e) which arise over any asset acquired by a member of the Borrower Group and subject to which such asset is acquired provided that such Security Interest was not created in contemplation of the acquisition of the asset and the Financial Indebtedness secured thereby (i) is Financial Indebtedness of the relevant acquiring member of the Borrower Group, (ii) is Permitted Financial Indebtedness on the basis that it existed at the date of completion of a Permitted Acquisition or is Financial Indebtedness under permitted sale and leaseback transactions or vendor financing arrangements and (iii) the amount of such Financial Indebtedness is not increased at any time;
(f) which arise over any property or other assets to satisfy any pension plan contribution liabilities provided that the value of such property and assets, taken together in aggregate, and together in aggregate with any disposals permitted pursuant to (a)(vi) of clause 42 above, do not exceed €150,000,000 at any time;
(g) constituted by a rent deposit deed entered into on arm’s length commercial terms and in the ordinary course of business which secure obligations of a member of the Borrower Group in relation to property leased to a member of the Borrower Group;
(h) which is granted over the shares of indebtedness owed by or over assets attributable to a Project Company (as such term is defined in recent Liberty precedent) or a Permitted Joint Ventu...
Permitted Security Interest. For purposes of Section 7 of the Agreement, UBS AG hereby consents to the Permitted Security Interest.
Permitted Security Interest amend the definition of “Permitted Security Interest” to include Security Interests in addition to the existing “Permitted Security Interests”:
Permitted Security Interest. 58 9.05. Withdrawal or Transfer by General Partner...................... 58 9.06. Effect of Bankruptcy, Death or Incompetence of a Limited Partner........................................................ 60 9.07. Bankruptcy of a General Partner................................ 60 9.08.
Permitted Security Interest. WKA shall have the right to grant a security interest in all or any part of its Interests in the Partnership, both as a General Partner and a Limited Partner, to secure payment of the KG Loans as provided in Section 6.03 hereof.
Permitted Security Interest. For purposes of Section 7 of this Master Agreement, Bear Xxxxxxx hereby consents to the Permitted Security Interest.
Permitted Security Interest. Party A hereby acknowledges and consents to the Permitted Security Interest.
Permitted Security Interest. For purposes of Section 7 of this Agreement, DBAG hereby consents to the Permitted Security Interest, subject to the provisions of this paragraph below.
