Swedish Security Sample Clauses

Swedish Security. Notwithstanding any other provision in this Agreement or any other Loan Document, the release of any security interest (that is perfected or purported to be perfected) in any Collateral subject to a Security Document governed by Swedish law will (unless, in relation to a release of security over such Collateral due to a disposal of such asset, the proceeds of the disposal of the asset secured or charged are paid directly to the Administrative Agent and are applied in prepayment of secured obligations) always be subject to the prior written consent of the Administrative Agent (such consent to be granted at the Administrative Agent’s sole discretion). Each Lender authorizes the Administrative Agent to release such security interest in any Collateral at its discretion without notification or further reference to the Lenders, provided that the disposal is in accordance with the terms of this Agreement. This provision shall supersede any conflicting provision in this Agreement or the other Loan Documents
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Swedish Security. The Borrower shall deliver, or shall cause Sierra Wireless Sweden Holding AB (as applicable) to deliver, in favour of the Agent, in form and substance satisfactory to the Agent, a pledge of all Equity Interests owned by the Borrower in the capital of Sierra Wireless Sweden Holding AB, within sixty (60) days following the Effective Date, including without limitation: (A) all registrations necessary or desirable in connection any such pledge of Equity Interests provided to the Agent to perfect, evidence or record the security interests created under such pledge of Equity Interests; (B) certified copies of the organizational documents of the Borrower and Sierra Wireless Sweden Holding AB; (C) certified copies of all corporate action, including partnership or shareholder approval, if necessary, taken by the Borrower and Sierra Wireless Sweden Holding AB, as applicable, to authorize such Credit Documents; (D) certified copies of all approvals required under the constating documents of Sierra Wireless Sweden Holding AB to authorize the pledge of such Equity Interests by the Borrower to the Agent, the transfer of such Equity Interests, upon realization under any Credit Documents, to the Agent or its nominee and the further transfer by Agent or its nominee to any third party; (E) a certificate evidencing the good standing or equivalent thereof in the jurisdiction of incorporation for Sierra Wireless Sweden Holding AB and for any Subsidiary of Sierra Wireless Sweden Holding AB located in Sweden; (F) such other agreements, security, undertakings, certificates and documents as may be reasonably required by the Agent to provide the Agent with a second priority security interest in all present and future Equity Interests in the capital of Sierra Wireless Sweden Holding AB; and (G) opinions from counsel to the Borrower and Sierra Wireless Sweden Holding AB, to the satisfaction of the Agent, with respect to, inter alia, Sierra Wireless Sweden Holding AB and such pledge of Equity Interests by the Borrower in the capital of Sierra Wireless Sweden Holding AB.
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Swedish Security. Notwithstanding any other provision in the Debt Documents, the release of any Transaction Security over assets subject to a Transaction Security Document governed by Swedish law will always be subject to the prior written consent of the Security Trustee (in its sole discretion) unless (i) the assets to be released are disposed of in cash for their full market value to a third party independent purchaser; (ii) the purchase price is paid directly by that purchaser to the Security Trustee in application towards repayment and/or prepayment of the Secured Obligations (or are paid directly by the relevant purchaser into a blocked account pledged to the Security Trustee as cash collateral for the Secured Obligations); and (iii) the release is not otherwise prohibited under the terms of any of the Debt Documents. The Security Trustee’s consent shall be given on a case by case basis and at the sole discretion of the Security Trustee. Notwithstanding the above, the Transaction Security Documents governed by Swedish law will not operate to automatically release any asset subject to such Transaction Security other than following the full discharge of the Secured Obligations.” 2. In order to correct certain typographical errors: (a) the reference in Clause 6.2(b) (
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  • Bid Security 2.1 Bid security, as a guarantee of good faith, in the form of a certified check, cashier's check, or bidder's bond, may be required to be submitted with this bid document, as indicated on the bid. 2.1.1 Bid security, if required, shall be in the amount specified on the bid. The bid security must be scanned and attached to the “Response Attachments” section of your response or it can be faxed to the Purchasing Office at ▇▇▇-▇▇▇-▇▇▇▇. The original bid security should then be sent or delivered to the office of the Purchasing Division, ▇▇▇ ▇. ▇▇▇ ▇▇., ▇▇▇. ▇▇▇, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ to be received within three (3) days of bid closing. 2.1.2 If bid security is not received in the Office of the Purchasing Division as stated above, the vendor may be determined to be non-responsive. 2.2 If alternates are submitted, only one bid security will be required, provided the bid security is based on the amount of the highest gross bid. 2.3 Such bid security will be returned to the unsuccessful Bidders when the award of bid is made. 2.4 Bid security will be returned to the successful Bidder(s) as follows: 2.4.1 For single order bids with specified quantities: upon the delivery of all equipment or merchandise, and upon final acceptance by the Owners. 2.4.2 For all other contracts: upon approval by the Owners of the executed contract and bonds. 2.5 Owners shall have the right to retain the bid security of Bidders to whom an award is being considered until either: 2.5.1 A contract has been executed and bonds have been furnished. 2.5.2 The specified time has elapsed so that the bids may be withdrawn. 2.5.3 All bids have been rejected. 2.6 Bid security will be forfeited to the Owners as full liquidated damages, but not as a penalty, for any of the following reasons, as pertains to this specification document: 2.6.1 If the Bidder fails or refuses to enter into a contract on forms provided by the Owners, and/or if the Bidder fails to provide sufficient bonds or insurance within the time period as established in this specification document.