PURPOSE OF THE SECURITY Sample Clauses

PURPOSE OF THE SECURITY. The Security shall secure the indebtedness and obligations of the Borrowers under this Agreement and the obligations of the Material Subsidiaries under their respective guarantees.
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PURPOSE OF THE SECURITY. The Security over Qualifying Securities will secure the obligations of the Borrower under the Facility.
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PURPOSE OF THE SECURITY. The assignment serves as security for all existing, future and conditional claims, which the HVB, the Dresdner Bank AG and the Kreditanstalt fur Wiederaufbau [Loan Institution for Reconstruction] (hereinafter referred to as "THE BANKS") with their total in national and foreign business sites as well as the national and foreign subsidiaries arising from the guaranteeing of the loan in accordance with the framework project loan contract dated 21.01.2000 against THE PARTY FURNISHING THE SECURITY.
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PURPOSE OF THE SECURITY. The transfer of ownership of the Collateral Asset as well as the transfer of the other rights and claims under this Agreement serve as security for all present conditional or unconditional claims as well as all present and future claims of the Guarantor arising from the business relationship with the Assignee, in particular from the Lease Agreement dated 20.01.2021.
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PURPOSE OF THE SECURITY. The Guarantee is created to secure all outstanding accounts against the companies named on the list enclosed as Annex 1 to this Guarantee, - hereinafter known as the “Principal Debtors” - arising from the loan agreement (hereinafter known as the “Loan Agreement”) concluded between the Principal Debtors and the Bank on 2008, and from the Master Agreement. Claims against the outstanding accounts from the Loan Agreement may, however, only be made in regard to the Loan CT, including any associated interest and expenses. The Loan CT, as well as the Master Agreements are described in further detail in the Loan Agreement.
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Related to PURPOSE OF THE SECURITY

  • Description of the Securities The Securities and the Indenture will conform in all material respects to the respective statements relating thereto contained in the Prospectus and will be in substantially the respective forms filed or incorporated by reference, as the case may be, as exhibits to the Registration Statement.

  • of the Security Agreement The New Pledgor hereby agrees to be bound as a Guarantor and as a Pledgor by all of the terms, covenants and conditions set forth in the Security Agreement to the same extent that it would have been bound if it had been a signatory to the Security Agreement on the execution date of the Security Agreement and without limiting the generality of the foregoing, hereby grants and pledges to the Collateral Agent, as collateral security for the full, prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations, a Lien on and security interest in, all of its right, title and interest in, to and under the Collateral and expressly assumes all obligations and liabilities of a Guarantor and Pledgor thereunder. The New Pledgor hereby makes, with respect to itself, each of the representations and warranties and agrees, with respect to itself, to each of the covenants applicable to the Pledgors contained in the Security Agreement. Attached hereto are supplements to each of the schedules to the Perfection Certificate with respect to the New Pledgor. Such supplements shall be deemed to be part of the Perfection Certificate. This agreement and any amendments, waivers, consents or supplements hereto may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all such counterparts together shall constitute one and the same agreement. THIS AGREEMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

  • Purpose of the Loan The purpose of the Loan is to provide financing for the Borrower’s activities and investments.

  • Title of the Securities There shall be a Series of Securities designated the “2.800% Senior Notes due 2031.”

  • Amendments to the Security Agreement The Security Agreement is hereby amended as follows:

  • Authorization of the Securities The Securities have been duly authorized and, at the Closing Time, will have been duly executed by the Company and, when authenticated, issued and delivered in the manner provided for in the Indenture and delivered against payment of the purchase price therefor as provided in this Agreement, will constitute valid and binding obligations of the Company, enforceable against the Company in accordance with their terms, except as the enforcement thereof may be limited by bankruptcy, insolvency (including, without limitation, all laws relating to fraudulent transfers), reorganization, moratorium or similar laws affecting enforcement of creditors’ rights generally and except as enforcement thereof is subject to general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law), and will be in the form contemplated by, and entitled to the benefits of, the Indenture.

  • Purpose of Loan The Borrower undertakes with each Creditor Party to use the Loan only for the purpose stated in the preamble to this Agreement.

  • Authorization of Actions to Be Taken by the Trustee Under the Security Documents (a) Subject to the provisions of Section 7.01 and 7.02 hereof, the Trustee may, in its sole discretion and without the consent of the Holders of Notes, direct, on behalf of the Holders of Notes, the Collateral Agent to, take all actions it deems necessary or appropriate in order to:

  • The Security Agreement The security interest granted pursuant to this Trademark Security Agreement is granted in conjunction with the security interest granted to the Collateral Agent pursuant to the Security Agreement and Grantor hereby acknowledges and affirms that the rights and remedies of the Collateral Agent with respect to the security interest in the Trademarks made and granted hereby are more fully set forth in the Security Agreement. In the event that any provision of this Trademark Security Agreement is deemed to conflict with the Security Agreement, the provisions of the Security Agreement shall control unless the Collateral Agent shall otherwise determine.

  • Description of the Securities and the Indenture The Securities and the Indenture will conform in all material respects to the respective statements relating thereto contained in the Prospectus and will be in substantially the respective forms filed or incorporated by reference, as the case may be, as exhibits to the Registration Statement.

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