Security and Security Documents Clause Samples
Security and Security Documents. As security for the due and punctual payment and performance in full of all obligations of the Borrower to the Lender incurred under this secured Credit Facility the Borrower will provide the following:
a. deliver to the Lender at its address set out above, a pledge of all outstanding shares of its US subsidiary Black Range Minerals Inc. to be held by the Lender as continuing security for the amounts outstanding under this Credit Facility in form and substance satisfactory to the Lender; and
▇. ▇▇▇▇▇ and maintain for the benefit of the Lender:
i. a perfected first lien and security interest on its personal property and assets both present and future and of every nature and kind wherever together with the real property known as the ▇▇▇▇▇▇ Project set out in Exhibit ‘5’ (the ‘Secured Property’) to the extent permitted by applicable law, and
ii. a Western Australia law governed general security agreement over all of its present and future assets (the 'Australian Security Document'), (the 'Security Documents' and the 'Security'). The Security shall create security interests in favour of the Lender and the Borrower shall complete all necessary documentation and filings necessary to perfect a first ranking lien and security interest on all the property of the Borrower subject only to permitted liens.
Security and Security Documents. First-ranking security (subject only to Permitted Liens) in favour of the Administrative Agent (or the fondé de pouvoir referred to below) on behalf of the Lenders, by way of a hypothec on the universality of all of the movable property of the Borrower which property is or is deemed to be located in the Province of Quebec (and/or, at the option of the Administrative Agent, by way of a hypothec securing debentures (“Debentures”) granted in favour of the Administrative Agent or a collateral agent designated by the Administrative Agent as the holder of a power of attorney (“fondé de pouvoir”) of the Lenders within the meaning of Article 2692 of the Civil Code of Quebec, as contemplated by Section 10.12 of the Credit Agreement) subject, however to limitations on the realisation or enforcement on the shares of TVA Group Inc. (or its successors) if such enforcement could reasonably be expected to cause TVA Group Inc. (or its successors) to lose any Authorization it holds or is required to hold at any time in the future for the operation of its business.
Security and Security Documents. For greater certainty, at any time that Celestica does not have Public Debt outstanding, (i) the Security shall continue to secure the obligations of each applicable Obligor to each Lender and Hedge Lender under or in connection with any Security Document executed by such Obligor, (ii) the Security Documents shall continue to be valid and enforceable against each applicable Obligor in accordance with its terms, and (iii) the Security shall remain duly perfected in accordance with Applicable Law.
Security and Security Documents. As security for the due and punctual payment and performance in full of all obligations of the Borrower to the Lender incurred under this secured Credit Facility the Borrower will provide the following:
a. deliver to the Lender at its address set out above, a pledge of all outstanding shares of its US subsidiary Black Range Minerals Inc. to be held by the Lender as continuing security for the amounts outstanding under this Credit Facility in form and substance satisfactory to the Lender; and
▇. ▇▇▇▇▇ and maintain for the benefit of the Lender:
i. a perfected first lien and security interest on its personal property and assets both present and future and of every nature and kind wherever together with the real property known as the ▇▇▇▇▇▇ Project set out in Exhibit ‘5’ (the ‘Secured Property’) to the extent permitted by applicable law, and
ii. a Western Australia law governed general security agreement over all of its present and future assets (the 'Australian Security Document'),
Security and Security Documents. An executed copy of each of the following documents:
Security and Security Documents