Security of Obligations. This Agreement (and the Collateral pledged hereunder) secures the payment of all obligations of the Pledgor now or hereafter existing under each Master Agreement (including all contingent obligations with respect to credit(s) issued or procured for issuance by the Pledgee for the Pledgor’s account) and this Agreement, whether direct or indirect, absolute or contingent, and whether for principal, interest, fees, expenses or otherwise and the payment of any and all reasonable expenses (including reasonable counsel fees and expenses) incurred by the Pledgee in enforcing any rights under this Agreement (all such obligations being the “Secured Obligations”). Subject to the provisions set forth in the Control Agreement, this Agreement is intended to convey to the Pledgee, and hereby grants to the Pledgee, the right and power to exercise exclusive control over the Account and all Security Entitlements relating thereto, and the sold right and power to direct dispositions of all cash deposits in the Account for the purposes of sections 9-106(c) and 9-104(b) of the NYUCC.
Security of Obligations. This Agreement secures the payment of all obligations of the Pledgor now or hereafter existing under each Master Agreement (including all contingent obligations with respect to credit(s) issued by the Pledgee for the Pledgor’s account) and this Agreement, whether for principal, interest, fees, expenses or otherwise and the payment of any and all expenses (including reasonable counsel fees and expenses) incurred by the Pledgee in enforcing any rights under this Agreement (all such obligations being the “Secured Obligations”). This Agreement is intended to convey to the Pledgee control of all Security Entitlements in, and the right to direct dispositions of all cash deposits from, the Account for the purposes of sections 9-106(c) and 9-104(b) of the NYUCC.
Security of Obligations. As security for the payment of the Obligations, and each Guarantor’s Obligation under its Subsidiary Guaranty, the Borrower and each Guarantor, pursuant to the terms of the Security Agreement, Collateral Assignment, Leasehold Mortgage, Subsidiary Stock Pledge Agreement, Trademark Security Agreement, Patent Security Agreement, Pennsylvania Mortgage and California Mortgage, as applicable, do hereby pledge, assign, transfer and deliver to the Administrative Agent for benefit of Lenders and does hereby grant to the Administrative Agent for benefit of Lenders a continuing and unconditional security interest in and to the Collateral as defined herein.”
Security of Obligations. This Agreement secures the payment of all obligations of the Pledgor now or hereafter existing under the Master Agreement and in respect of the Credits issued thereunder, and this Agreement, whether for principal, interest, fees, expenses or otherwise and the payment of any and all expenses (including reasonable counsel fees and expenses) incurred by the Pledgee in enforcing any rights under this Agreement (all such obligations being the "Secured Obligations").
Security of Obligations. 10.1. The Lender and the Borrower agree that the Collateral Agreements and other types of Security will contain a reference to this Agreement as the principal obligation.
10.2. Borrower’s non-fulfillment or material improper fulfillment of its obligations under this Agreement concluded under this Agreement, exceeding Tg 400,000,000 (four hundred million tenge) shall be considered as non-fulfillment or improper fulfillment of this Agreement.
10.3. If the Borrower fails to materially fulfill its obligations under this Agreement exceeding Tg 400,000,000 (four hundred million tenge), the Lender shall have the right to claim the Security by way of its mandatory extra judicial sale in accordance with the effective legislation and conditions of this Agreement.
10.4. Security of the Borrower’s obligations under this Agreement shall be:
10.4.1. Shares 1 – 9,550 (nine thousand and five hundred fifty) common registered shares of the Borrower, par value 1,000 Tenge (one thousand) with National Identification Number (NIN) KZ1C41630418; issued in the non-paper form, owned by the Seller;
10.4.2. Shares 2 – 9,550 (nine thousand and five hundred fifty) common registered shares of the Borrower, par value 1,000 Tenge (one thousand) with National Identification Number (NIN) KZ1C41630418; issued in the non-paper form, owned by the Buyer;
10.4.3. The Subsoil Use Right to the Alibek Yuzhny oil field located in the territory of Xxxxxxxxx Xxxxxxxx, Xxxxxx Xxxxxx, Xxxxxxxx of Kazakhstan, under Collateral Agreement No. 52/Z dated February 4, 2002;
10.4.4. All assets of the Borrower, including the assets which will be acquired in the future, property rights and any other property which may be claimed in accordance with the prevailing legislation of the Republic of Kazakhstan.
10.4.5. Should the Borrower violate conditions of this Agreement, which will entail claiming the Security, the Xxxxxxx may not oppose the Lender when the latter takes any measures to claim the Security in accordance with this Agreement and the legislation of the Republic of Kazakhstan. Should the Borrower do so, the Lender shall have the right to have its claim satisfied in the court. Such being the case, the losing party shall bear all legal costs.
10.4.6. The Borrower shall grant the Lender with the right to withdraw any debt amounts that has arisen as a result of Borrower’s non-fulfillment or improper fulfillment of its obligations under this Agreement or other agreements entered into in pursuance of this Agr...
Security of Obligations. As security for the payment of the Obligations, and each Guarantor's Obligation under its Subsidiary Guaranty, the Borrower and each Guarantor, pursuant to the terms of the Security Agreement, Pledge Agreement, Collateral Assignment and Leasehold Mortgage, as applicable, do hereby pledge, assign, transfer and deliver to the Agent for benefit of Lenders and does hereby grant to the Agent for benefit of Lenders a continuing and unconditional security interest in and to the Collateral as defined herein. The Agent and Borrower hereby agree that Agent shall release its security interest and lien in the Collateral upon Borrower's delivery to, and acceptance by Agent, of notice in which Borrower certifies to the Agent that Borrower has satisfied and is in compliance with the Leverage/Fixed Charge Requirement."
Security of Obligations. As security of obligations and liabilities of the Customer under the Hire Agreement, the Customer hereby charges for the due and punctual payment and performance of those held in any and all Real Property. Without limiting the generality of the charge in this clause, the Customer agrees, on request of the Owner, to execute any documents and do all things necessary required by the Owner to register a mortgage security over any Real property. The Customer will indemnify the Owner on an indemnity basis against all costs and expenses incurred by the Owner in connection with the preparation and registration of such mortgage documents. The Customer also consents unconditionally to the Owner lodging a caveat or caveats noting its interest in any Real Property.
Security of Obligations. As security for the payment of the Obligations, and each Guarantor’s Obligation under its Subsidiary Guaranty, the Borrower and each Guarantor, pursuant to the terms of the Security Agreement, Collateral Assignment, Alabama Leasehold Mortgage, the Subsidiary Stock Pledge Agreements, Trademark Security Agreement, Patent Security Agreement, Indiana Mortgage, Pennsylvania Mortgage and California Deed of Trust, as applicable, do hereby reaffirm its pledge, assignment, transfer and delivery to the Lender and grant to the Lender a continuing and unconditional security interest in and to the Collateral as defined herein. The Lender and the Borrower agree that the Lender shall release its security interest and liens in the Collateral upon Borrower’s delivery and Lender’s LaSalle Bank National Association April 20, 2005 Page 38 acceptance, of Borrower’s notice of its satisfaction of and compliance with the Release Covenants, in the form required by Section 7.1(J).
Security of Obligations. (a) All Obligations with respect to the Cash Facility shall be secured pursuant to the terms of the Tranche E Note and Tranche E Security Agreement.
(b) All Obligations with respect to the LOC Facility shall be secured by the Collateral, as set forth in that certain LOC Facility Security Agreement annexed hereto as Exhibit C.
Security of Obligations. As security for the payment of the Obligations, and each Guarantor’s Obligation under its Subsidiary Guaranty, the Borrower and each Guarantor, pursuant to the terms of the Security Agreement, Collateral Assignment, Alabama Leasehold Mortgage, the Subsidiary Stock Pledge Agreements, Trademark Security Agreement, Patent Security Agreement, Indiana Mortgage, Pennsylvania Mortgage and California Deed of Trust, as applicable, do hereby reaffirm its pledge, assignment, transfer and delivery to the Lender and grant to the Lender a continuing and unconditional security interest in and to the Collateral as defined herein. The Lender and the Borrower agree that the Lender shall release its security interest and liens in the Collateral upon Borrower’s delivery and Lender’s acceptance, of Borrower’s notice of its satisfaction of and compliance with the Release Covenants, in the form required by Section 7.1(J).
