Permitted Security Interests amend the definition of Permitted Security Interest to add at the end of paragraph (t)(i): “or such Financial Indebtedness is otherwise Permitted Financial Indebtedness under paragraphs (ii) (as it relates to guarantees permitted under Clause 19.15(h) in respect of any Permitted Financial Indebtedness), (vii), (xi) (provided that at the time of the acquisition or other transaction pursuant to which such Financial Indebtedness was incurred and after giving effect to such incurrence on a pro forma basis (a) an Obligor could incur EUR 1 of debt under paragraph (xxii) of the definition of Permitted Financial Indebtedness or (b) the ratio of Senior Net Debt to Annualised EBITDA would not be greater than it was immediately prior to giving pro forma effect to such acquisition or other transaction and to the incurrence of such Financial Indebtedness), (xxii), (xxiii) and (xxiv) of the definition of Permitted Financial Indebtedness and guarantees thereof”.
Permitted Security Interests. (a) amend the definition of “Permitted Security Interest” to include in addition to the existing “Permitted Security Interests”:
Permitted Security Interests. The requirements of this Article VI shall not apply to a collateral assignment, pledge or other transfer creating a security interest in all or any portion of a Partner's interest in the Partnership under any mortgage, indenture or deed of trust created by such Partner not otherwise prohibited by the terms of any credit agreement or other instrument evidencing debt to which the Partnership is then subject.
Permitted Security Interests. 29.2 Transactions similar to security (Without prejudice to clauses 29.3 (Financial Indebtedness) and 29.8 (Disposals)), the Borrower shall not:
Permitted Security Interests. A new Section 14.6 12 is added to the Loan Agreement as follows:
Permitted Security Interests. Notwithstanding any other provisions hereof regarding the creation of Liens, but subject to the provisions of Section 6.1, the Borrower may (a) grant priority purchase money security interests in newly acquired items of tangible personal property and (b) lease tangible personal property from equipment lessors, as long as in each instance: (i) the aggregate value of such tangible personal property shall not exceed TWO HITNDRED THOUSAND DOLLARS ($200,000) or (ii) (A) the secured party or equipment lessor enters into an intercreditor agreement with, and satisfactory to, Lender, pursuant to which, without limiting-the foregoing, (1) Lender shall be afforded the option of curing defaults and the option of succeeding to the rights of Borrower and (2) Lender's security interest in tangible personal property shall be subordinated to the security interest granted to such secured party, (B) all of the terms, conditions and provisions of the financing, security interest or lease are reasonably acceptable to Lender, (C) Borrower provides a true and complete copy, as executed, of each such purchase money security agreement, financing document and equipment lease and all amendments thereto and (D) no such security interest, financing agreement or lease is cross-defaulted or cross-collateralized with any other obligation. In addition, notwithstanding any other provision hereof regarding the creation of Liens, Borrower shall also be permitted to grant a prior security interest in Receivables (with the Lender retaining a junior security interest therein) to an institutional lender which is providing a working capital line of credit (a "Working Capital Loan") for the exclusive use of Guarantor, Borrower and Affiliates of Borrower as long as such Lender enters into an intercreditor agreement with, and satisfactory to, Lender pursuant to which, without limiting the foregoing, (1) Lender shall be provided with notice with respect to defaults under the Working Capital Loan simultaneously with the delivery of such notice to Borrower and shall be afforded the option of curing defaults thereunder, (2) such lender's use of Instruments, Documents, General Intangibles and Chattel Paper shall be limited to a license only for the purpose of collecting Receivables and (3) the subordination of Lender's interest in the Receivables shall be of no force and effect and Lender's first priority security interest shall be reinstated from and after the occurrence of an Event of Default if, upon ...
Permitted Security Interests. Pursuant to Section 6.20 of the Senior Loan Agreement and Section 6.20 of the Subordinate Loan Agreement, Operations Co agrees to not create or permit to exist any Security Interest on any property or asset, including its revenues (including accounts receivable) or rights in respect of any thereof, now owned or hereafter acquired by it, except Permitted Security Interests, solely to the extent such unpermitted Security Interest would otherwise cause Project Co to fail to comply with its obligations under Section 6.20 of the Senior Loan Agreement and Section 6.20 of the Subordinate Loan Agreement.
Permitted Security Interests. The Security Trustee and the Agent each acknowledge that the State Securities are "Permitted Security Interests" for the purposes of the Finance Documents.
Permitted Security Interests. 35 8.4 Withdrawal or Transfer by the General Partner......36 8.5 Effect of Bankruptcy, Dissolution, Death or Incompetence of a Limited Partner...............37 8.6
Permitted Security Interests. Each Partner 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 as
