Security Rights. In addition to any other security rights and remedies provided by law with respect to services rendered or materials and equipment furnished under this Agreement, OPERATOR shall have a first lien upon each PARTY'S PARTICIPATING and/or WORKING INTEREST, including the production and equipment credited thereto, in order to secure payment of charges against such PARTY, together with interest thereon at the rate set forth in Exhibit "C" or the maximum rate allowed by law, whichever is less, plus attorneys' fees, court costs and other related collection costs. If any PARTY does not pay such charges when due, OPERATOR shall have the additional right to collect from the purchaser the proceeds from the sale of such PARTY'S share of production until the amount owed has been paid. Each purchaser shall be entitled to rely on OPERATOR'S statement concerning the amount owed. Each NON-OPERATOR shall have comparable security rights on OPERATOR'S PARTICIPATING and/or WORKING INTEREST.
Security Rights. In addition to any other security rights and remedies provided by law with respect to services rendered or materials and equipment furnished under this Agreement, for and in consideration of the covenants and mutual undertakings of the Operator and the Non-Operators herein, the Parties shall have the following security rights:
Security Rights. 10.1 ING ComFin shall have a lien from or for the benefit of Client as set forth in the FSA, in the Agreement on stock financing and financing of acquisition of goods and in any other agreement between the Client and ING ComFin. AFV Xxxxxx ADJUSTED BY REQUEST OF CLIENT, 2009 / 1
10.2 Upon demand Client shall provide adequate security or have the security provided for the fulfilment of his existing and future obligations towards ING ComFin. If the security provided is no longer adequate, Client is bound to supplement or replace such security upon demand. Notwithstanding the foregoing, Client may refuse a demand for additional security, upon which demand the Client is obliged to terminate any and all agreements between Client and ING ComFin in accordance with art. 4.1 FSA.
10.3 The security rights, which have been established by Client or on behalf of Client in favour of ING ComFin, serve as security as set forth in the FSA, Agreement on stock financing and financing of acquisition of goods or under any other agreements between Client and ING ComFin. All Security Rights of ING ComFin will always rank in first priority unless explicitly determined otherwise, except as otherwise arising under law.
10.4 [Intentionally deleted]
Security Rights. 6.1. The Customer hereby grants to IDN a lien or equivalent security interest in respect of all goods, documents and moneys which IDN holds or will hold in his possession whatever the reason and the purpose thereof may be, as against any party requiring their delivery to secure the Customer’s payment obligations hereunder with respect to such Shipment or any other Shipment. If the goods are forwarded on, IDN shall be entitled to collect the sum due on subsequent delivery or draw a xxxx therefore with the shipping documents annexed.
6.2. IDN may also exercise the rights granted to it in Clause 6.1 for the amount that the Customer owes it with respect to previous orders.
6.3. Notwithstanding and without prejudice to Clause 6.1 above, the Customer agrees that it will upon demand by IDN provide security for any amount for which the Customer is or may become indebted to IDN. The Customer’s obligation to provide security at the request of IDN applies even if the Customer already has provided security in connection with any amount owed and to the extent that any such security provided by the Customer is found by IDN to be inadequate.
6.4. All consequences of non-compliance or of failure to comply forthwith with any demand by IDN to provide security shall be borne by the Customer.
6.5. If IDN has, notwithstanding the provisions of Clause 5.11 provided security to any other person or authority from its own funds, IDN has the liberty to demand and the Customer agrees to pay IDN the full amount of any security provided by IDN before any Shipment is delivered.
6.6. Upon any default by the Customer and at any time thereafter, IDN may declare all obligations secured hereby immediately due and payable and IDN shall be deemed to have the remedies of a secured party to the fullest extent permitted under the law.
Security Rights. Addressed in Exhibit “F” of this Agreement and is incorporated into this Agreement by this reference.
Security Rights. Each Party grants to each of the other Party (ies) a first lien upon all its right, title and interest in the Lease and a security interest in its share of oil and gas when extracted and its interest in all equipment and property, including fixtures located upon and/or used or useful in the production of oil and gas from the Lease. In order to perfect this lien, Operator is authorized to file this Agreement or a declaration thereof in the records of the appropriate county or parish and in the records of the U.S. Department of Interior, Bureau of Ocean Energy Management ("BOEM"). To the extent that a Party has a security interest under the Uniform Commercial Code ("UCC"), Operator is also authorized to file a financing statement in appropriate records and each Party shall be entitled to exercise the rights and remedies of a secured party under the UCC. The bringing of a suit and the obtaining of judgment by any Party for the secured indebtedness shall not be deemed an election of remedies or otherwise affect the rights or security interest for the payment thereof. The liability of each Party under the Joint Operating Agreement and the first lien and security interest granted hereby shall be limited (and no party shall be entitled to enforce the same against each Party for an amount exceeding) to the actual obligations and indebtedness (including all interest charges, costs, attorneys fees, and other charges provided for in this Joint Operating Agreement) outstanding and unpaid and that are attributable to or charged against the interest of such Party pursuant to this Joint Operating Agreement.
Security Rights. If an Event of Default shall occur and be continuing, the Lender may enforce any and all rights available to it by law or in equity pursuant to the Security Interest granted hereunder with respect to the Collateral. Without limiting the rights available to the Lender pursuant to the foregoing sentence, the Lender shall have all rights and remedies available to creditors under the Uniform Commercial Code, as in effect from time to time in the State of New York.
Security Rights. Lessor shall provide, at no cost to Lessee when occupancy begins; (1) a window latch one each window; (2) a doorknob lock or keyed dead bolt lock on each exterior door; (3) a pin lock, plus a security bar or door hand latch on each sliding glass door; and (4) a keyless bolting device (keyless dead bolt lock) and door viewer (peephole) on each exterior door. Lessee must make repair requests to Lessor of any faulty security device in writing. If Lessor fails to install or rekey security devices as required by this Section, Lessee has the right to do so and deduct the reasonable cost from the next rent payment due under the Lease. Lessor may require Lessee to pay in advance for repair or replacement of a security device if the repair or replacement is necessitated by misuse or damage by the tenant, a member of the tenant’s family, an occupant, or a guest, and not by normal wear and tear. Lessee must provide request or notice in writing to Lessor for any repair or replacement of security device(s). The Lessor at the Lessor’s expense is required to equip the dwelling, when the tenant takes possession, with the security devices described by Sections 92.153(a)(1)-(4) and (6), Texas Property Code; the landlord is not required to install a doorknob lock or keyed dead bolt at the landlord ’s expense if the exterior doors meet the requirements of Section 92.153(f), Texas Property Code; the landlord is not required to install a keyless bolting device at the landlord ’s expense on an exterior door if the landlord is expressly required or permitted to periodically check on the well-being or health of the tenant as provided by Section 92.153(e)(3), Texas Property Code; and the tenant has the
Security Rights. You agree not to terminate or cancel registration of your Airtel mobile phone number (MSISDN) when you have any Outstanding Amounts.
Security Rights. 2.1 The BORROWER or, as the case may be, certain third parties have provided the following Security Rights for the BORROWER's obligations to the LENDERS under the LOAN AGREEMENT as well as for the BORROWER's obligation to the HypoVereinsbank under the HEDGING AGREEMENTS (amended if applicable by the SECURITY RIGHT AMENDMENT AGREEMENTS: - the Assignment Agreement (Project and Delivery Contracts) dated July 28, 1998; - the Assignment Agreement (Insurances) dated July 28, 1998; - the Mortgage Deeds in the amounts of DM 15,000,000.00 and DM 548,000,000.00 dated March 5, 1998 and the Mortgage Purpose Declarations dated July 28, 1998, - the Pledge and Title Transfer Agreements of Shares in the BORROWER (and the shares in Zellstoff- und Papierfabrik Roxxxxxxx Verwaltungs-GmbH) dated July 28, 1998, - the Title Transfer Agreements for MOVABLE PROPERTY dated July 28, 1998, - the PROCEEDS ACCOUNT Pledge Agreement dated December 13, 2000, - the DEBT SERVICE RESERVE ACCOUNT Pledge Agreement dated December 13, 2000; - the INVESTMENT RESERVE ACCOUNT Pledge Agreement dated July 28, 1998; - the Agreement concerning obligations of the shareholders dated July 6, 1998 as amended by Amendment Agreement No. 1 of December 13, 2000 as well as - the PLEDGE AGREEMENT CONCERNING HEDGING AGREEMENTS. In accordance with Articles 19.4.1 (j) and 20.4 of the LOAN AGREEMENT, the BORROWER has undertaken to assign or, as the case may be, transfer by way of security from time to time its rights, title and interest under the insurances to be entered into by the BORROWER in the future, under the future MATERIAL PROJECT CONTRACTS as well as the future transfer of MOVABLE PROPERTY and to grant to the LENDERS such further SECURITY RIGHTS to comply with its negative pledge undertaking contained in Article 19.4.2 (a) of the LOAN AGREEMENT. Under sub-paragraph II. 1 of Amendment Agreement No. 4 to the LOAN AGREEMENT, the above mentioned SECURITY RIGHTS shall provide collateral ranking pari-passu for the claims of the HypoVereinsbank from HEDGING AGREEMENTS to be entered into in the future.
2.2 C&L prepared the C&L-AUSFALLBURGSCHAFT on the basis of the guarantee decision of April 23, 1998, that is attached to the LOAN AGREEMENT as an annex, for the obligations of the BORROWER against the LENDERS under the LOAN AGREEMENT.
2.3 The SECURITY RIGHTS listed in sub-paragraph 2.1 and 2.2 as well as the SECURITY RIGHTS to be granted in the future shall be referred to jointly hereinafter as "SECURITY RIGHTS".
