Security for Repayment Sample Clauses

Security for Repayment. Prior to the Commission’s disbursement of the Loan, the Company shall deliver to the Authority and the Commission collateral security reasonably acceptable to the Authority and the Commission that is sufficient to provide a secondary source of repayment in the event the Company is unable or unwilling to make any required repayment (the “Security”). The Security is as listed on Exhibit A and may not be changed, substituted or reduced without the written approval of the Commission’s Executive Director. The Company and the Authority will maintain the Security until the Loan is repaid in full. If the Commission has not received any required repayment by the applicable due date, the Authority shall take all necessary action against the Security to obtain the necessary amounts to satisfy the repayment obligation.
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Security for Repayment. Each loan hereunder will be a participant directed investment for the benefit of the participant requesting such loan: accordingly. any default in the repayment of principal or interest of any loan hereunder will reduce the amount available for distribution to such participant (or his Beneficiary). Any loan hereunder will be secured by 50% of the participant's account balance.
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Security for Repayment. This Note is secured by a Pledge and Security Agreement dated of even date herewith between Maker and Payee (the "Pledge Agreement") pursuant to which Payee has pledged (collectively, the "Collateral"): (i) the CyberGuard Note and (ii) warrant issued by CyberGuard Corporation to purchase 150,000 shares of common stock of CyberGuard Corporation. This is a non-recourse Note. In the event of a default hereunder, the Payee shall have recourse only to the Collateral for collection of such costs and expenses.
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Security for Repayment. The Loan will be secured by a pledge of the Series B Preferred Stock stock certificates and the Senior Notes pursuant to a Pledge Agreement substantially in the form attached hereto as EXHIBIT F.
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Security for Repayment. Repayment of this Note shall be secured by an interest in substantially all of the assets of COMPANY ("Secured Assets"), as more fully described in and in accordance with the terms of that certain Security Agreement between MALLINCKRODT and the COMPANY attached hereto as Exhibit I and expressly made a part hereof (the "Security Agreement"). COMPANY affirms and MALLINCKRODT understands that the lien securing the repayment obligations under this Note shall be secondary in priority and subordinate to any security interest held by any banks, lenders, or other financial institutions (collectively "Banks") to whom the COMPANY has granted any security interest or other lien on or prior to the date hereof, and in accordance with the terms and conditions specifically governing such security interest or other liens as such terms and conditions exist on and as of the date hereof.
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Security for Repayment. Transportation Revenue Bond issued under the MTA’s General Resolution Authorizing Transportation Revenue Obligations, adopted by the Board of the MTA on March 26, 2002 (the “TRB Resolution”), as amended and supplemented from time to time. 4837-9758-2892.2
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Security for Repayment. 24.1 When the Bank accepts or incurs liability (whether actual or contingent, primary or collateral, several or joint) for or at your request, any funds, monies, securities or other valuables deposited with the Bank belonging to you shall automatically become security to the Bank; and the Bank shall have a banker's lien on all such funds, monies, securities or other valuables or any part thereof and may dishonour any cheque drawn by you until the liability is discharged.
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Security for Repayment. 18.1 You may agree to: (a) at my request, grant and continue to grant Facilities to me or such person or persons (“the Borrower”); and/or (b) accept or incur liability (whether actual or contingent, primary or collateral, several or joint) for the Borrower (such Facilities and liability together with any and all obligations and/or liabilities owed by me to you from time to time, whether certain or contingent, whether as principal or as surety, joint or several, whether under these Terms and Conditions or 17.2 Tất cả các khoản tiền và các Khoản phí sẽ được tôi trả đầy đủ mà không có bất kỳ khoản bù trừ hoặc yêu cầu thanh toán ngược lại hoặc bất kỳ hạn chế hoặc điều kiện nào, và không bị khấu trừ các khoản thuế ở hiện tại hoặc tương lai bao gồm thuế hoặc lệ phí chứng từ, hoặc bất kỳ khoản thuế môn bài hoặc thuế tài sản, thuế hàng hóa, các loại thuế khác, lệ phí, hoặc khấu trừ thuế, và tất cả các nghĩa vụ liên quan đến các khoản tiền đó. Nếu tôi có nghĩa vụ khấu trừ hoặc giữ lại theo Luật hoặc Quy định pháp luật bất kỳ khoản tiền nào từ bất kỳ khoản thanh toán nào cho ngân hàng, thì tôi sẽ tăng số tiền thanh toán lên để số tiền ngân hàng thực nhận sẽ bằng với số tiền đến hạn phải trả cho ngân hàng. 17.3 Cụ thể, tất cả các khoản tiền và các Khoản phí mà tôi phải trả sẽ không bao gồm bất kỳ khoản thuế hoặc thuế giá trị gia tăng nào khác (cho dù phải trả ở Việt Nam hay ở quốc gia khác hoặc trả theo yêu cầu của Luật hoặc Quy định pháp luật) mà tôi phải trả cùng với bất kỳ khoản tiền phải trả nào khác với thuế suất được áp dụng vào thời điểm đến hạn thanh toán hoặc thời điểm khác theo quy định của Luật hoặc Quy định pháp luật liên quan. 17.4 Nếu ngân hàng phải khấu trừ hoặc bị thu lại theo quy định của Luật hoặc Quy định pháp luật bất kỳ khoản tiền nào từ bất kỳ khoản thanh toán nào của ngân hàng cho tôi, tôi uỷ quyền cho ngân hàng thực hiện việc khấu trừ đó và thanh toán số tiền còn lại cho tôi hoặc chuyển số tiền đó vào bất kỳ Tài khoản nào của tôi tại ngân hàng hoặc tài khoản khác theo chỉ thị của tôi (trừ khi vào thời điểm đó tôi còn nợ ngân hàng bất kỳ khoản tiền nào, trong trường hợp đó ngân hàng được quyền khấu trừ số tiền tôi nợ ngân hàng). 17.5 Trừ khi pháp luật Việt Nam có yêu cầu khác, ngân hàng có quyền chuyển đổi theo tỷ giá mà ngân hàng cho là phù hợp bất kỳ khoản thanh toán nào nhận được đối với bất kỳ Tài khoản nào (bằng loại tiền không phải là loại tiền của Tài khoản đó) sang loại tiền của Tài khoản đó, và tôi sẽ chịu các chi phí và phí tổn cho vi...
Sample 1
Security for Repayment. Prior to the Commission’s disbursement of the Grant, the Company shall deliver to the Locality collateral security reasonably acceptable to the Commission that is sufficient to provide a secondary source of repayment in the event the Company is unable or unwilling to make any required repayment (the “Security”). The Security is as listed on Exhibit A and may be changed, substituted or reduced only with the written approval of the Commission’s Executive Director. The Company and the Locality will maintain the Security through the Performance Date. If the Commission has not received any required repayment within 120 days after the Performance Date, the Locality shall take all necessary action against the Security to obtain the necessary amounts to satisfy the repayment obligation.
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Related to Security for Repayment

  • Repayment to Issuer Subject to any applicable abandoned property law, any money deposited with the Trustee or any Paying Agent, or then held by the Issuer, in trust for the payment of the principal of, premium, if any, or interest on any Note and remaining unclaimed for two years after such principal, and premium, if any, or interest has become due and payable shall be paid to the Issuer on its request or (if then held by the Issuer) shall be discharged from such trust; and the Holder of such Note shall thereafter look only to the Issuer for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Issuer as trustee thereof, shall thereupon cease.

  • Evidence of Debt; Repayment of Loans (a) The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Lender the principal amount of each Loan of such Lender as provided in Section 2.11. (b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower to such Lender resulting from each Loan made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement. (c) The Administrative Agent shall maintain accounts in which it will record (i) the amount of each Loan made hereunder, the Type thereof and, if applicable, the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder from the Borrower or any Subsidiary Guarantor and each Lender’s share thereof. (d) The entries made in the accounts maintained pursuant to paragraphs (b) and (c) above shall be prima facie evidence of the existence and amounts of the obligations therein recorded; provided, however, that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of the Borrower to repay the Loans in accordance with their terms. (e) Any Lender may request that Loans made by it hereunder be evidenced by a promissory note. In such event, the Borrower shall execute and deliver to such Lender a promissory note payable to such Lender and its registered assigns and in a form and substance reasonably acceptable to the Administrative Agent and the Borrower. Notwithstanding any other provision of this Agreement, in the event any Lender shall request and receive such a promissory note, the interests represented by such note shall at all times (including after any assignment of all or part of such interests pursuant to Section 9.04) be represented by one or more promissory notes payable to the payee named therein or its registered assigns.

  • Maintenance of Security Interests in Financed Equipment The Servicer shall, in accordance with its customary servicing procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Equipment. The Servicer is hereby authorized to take such steps as are necessary to re-perfect such security interest on behalf of the Issuing Entity and the Indenture Trustee in the event of the relocation of the Financed Equipment or for any other reason.

  • Maintenance of Security Interests in Financed Vehicles The Servicer shall, in accordance with its customary servicing procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Vehicle. The Servicer is hereby authorized to take such steps as are necessary to re-perfect such security interest on behalf of the Issuing Entity and the Indenture Trustee in the event of the relocation of a Financed Vehicle or for any other reason.

  • Repayment of Debt Upon the terms and subject to the conditions set forth herein, substantially concurrent with the execution and delivery of this Agreement by the parties hereto, the Company agrees to sell, and the Creditors, severally and not jointly, agree to cancel the Debt, up to an aggregate of $124,184.26 as the payment for the Shares at a price of $0.460829 per share. Each Creditor’s Debt Cancellation Amount as set forth on the signature page hereto executed by such Creditor shall be settled for “Delivery Versus Payment” with the Company. The Company shall deliver the Shares to the Creditors as the repayment of Debt within 30 days of this Agreement.

  • Repayment of Proceeds If Executive engages in Competitive Activity, then Executive shall be required to pay to Investors, within ten business days following the Activity Date, an amount equal to the excess, if any, of (A) the aggregate proceeds Executive received upon the sale or other disposition of Executive's Units, over (B) the aggregate Cost of such Units.

  • Servicer to Maintain Perfection and Priority The Servicer covenants that, in order to evidence the interests of CNHCR and Issuing Entity under this Agreement, Servicer shall take such action, or execute and deliver such instruments as may be necessary or advisable (including, without limitation, such actions as are requested by Issuing Entity) to maintain and perfect, as a first priority interest, Issuing Entity’s security interest in the Receivables. Servicer shall, from time to time and within the time limits established by law, prepare and present to Issuing Entity for Issuing Entity to authorize the Servicer to file all financing statements, amendments, continuations, financing statements in lieu of a continuation statement, terminations, partial terminations, releases or partial releases, or any other filings necessary or advisable to continue, maintain and perfect the Issuing Entity’s security interest in the Receivables as a first-priority interest (each a “Filing”). Issuing Entity shall promptly authorize in writing Servicer to, and Servicer shall, effect such Filing under the Uniform Commercial Code without the signature of CNHCR or Issuing Entity where allowed by applicable law.

  • Creation, Perfection and Priority of Liens The execution and delivery of the Collateral Documents by Loan Parties and Sponsors, together with (i) the actions taken on or prior to the date hereof pursuant to subsections 4.1, 4.2, 6.8 and 6.9 and (ii) the delivery to Administrative Agent of any Pledged Collateral not delivered to Administrative Agent at the time of execution and delivery of the applicable Collateral Document (all of which Pledged Collateral has been so delivered) are effective to create in favor of Administrative Agent for the benefit of Lenders, as security for the respective Secured Obligations (as defined in the applicable Collateral Document in respect of any Collateral), a valid and perfected First Priority Lien on all of the Collateral, and all filings and other actions necessary or desirable to perfect and maintain the perfection and First Priority status of such Liens have been duly made or taken and remain in full force and effect, other than the filing of any UCC financing statements or Mortgages delivered to Administrative Agent for filing or recording, as applicable (but not yet filed or recorded) and the periodic filing of UCC continuation statements in respect of UCC financing statements filed by or on behalf of Administrative Agent.

  • Repayment of Funds If AMO declares that an Event of Default has not been cured to its exclusive satisfaction, AMO reserves the right to declare that prior payments of Funds become a debt to Canada which the Recipient will reimburse forthwith on demand to AMO for transmission to Canada.

  • Subordination of Intercompany Loans Each Loan Party shall cause any intercompany Indebtedness, loans or advances owed by any Loan Party to any other Loan Party to be subordinated pursuant to the terms of the Intercompany Subordination Agreement.

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