Time Deposits. Without prejudice to any right of set-off any Secured Party may have under any other Second Lien Note Document or otherwise, if any time deposit matures on any account a Chargor has with any Secured Party within the Security Period when: (a) this Security has become enforceable; and (b) no Secured Liability is due and payable, that time deposit will automatically be renewed for any further maturity which that Secured Party considers appropriate.
Appears in 2 contracts
Samples: Security Agreement (Gates Global Inc.), Security Agreement (Gates Engineering & Services FZCO)
Time Deposits. Without prejudice to any right of set-off any Secured Party may have under any other Second Lien Note Loan Document or otherwise, if any time deposit matures on any account a Chargor has with any Secured Party within the Security Period when:
(a) this Security has become enforceable; and
(b) no Secured Liability is due and payable, that time deposit will automatically be renewed for any further maturity which that Secured Party considers appropriate.
Appears in 2 contracts
Samples: Security Agreement (Gates Global Inc.), Security Agreement (St. Augustine Real Estate Holding LLC)
Time Deposits. Without prejudice to any right of set-off any Secured Party may have under any other Second Lien Note Loan Document or otherwise, if any time deposit matures on any account a the Chargor has with any Secured Party within the Security Period when:
(a) this Security has become enforceable; and
(b) no Secured Liability Obligation is due and payable, that time deposit will automatically be renewed for any further maturity which that Secured Party in its absolute discretion considers appropriateappropriate unless that Secured Party otherwise agrees in writing.
Appears in 2 contracts
Samples: Credit Agreement (Novelis Inc.), Credit Agreement (Novelis Inc.)
Time Deposits. Without prejudice to any right of set-off any Secured Party may have under any other Second Lien Note Loan Document or otherwise, if any time deposit matures on any account a Chargor has with any Secured Party within the Security Period when:
(a) this Security has become enforceable; and
(b) no Secured Liability is due and payable, that time deposit will automatically be renewed for any further maturity which that Secured Party in its absolute discretion considers appropriateappropriate unless that Secured Party otherwise agrees in writing.
Appears in 2 contracts
Samples: Credit Agreement (Novelis South America Holdings LLC), Credit Agreement (Novelis South America Holdings LLC)
Time Deposits. Without prejudice to any right of set-off any Secured Party may have under any other Second Lien Note Debt Document or otherwise, if any time deposit matures on any account a which any Chargor has with any a Secured Party within before the Security Period Discharge Date when:
(a) this the Transaction Security has become enforceable; and
(b) no amount of the Secured Liability Obligations is due and payable, that time deposit will shall automatically be renewed for any such further maturity which as the relevant Secured Party in its absolute discretion considers appropriate unless that Secured Party considers appropriateotherwise agrees in writing.
Appears in 2 contracts
Samples: Supplemental Security Agreement (Selina Hospitality PLC), Supplemental Security Agreement (Selina Hospitality PLC)
Time Deposits. Without prejudice to any right of set-off any Secured Party may have under any other Second Lien Note Document or otherwise, if any time deposit matures on any account a Chargor has with the Issuer or any Secured Party Guarantor within the Security Period when:
(a) this Security has become enforceable; and
(b) no Secured Liability Obligation is due and payable, that time deposit will automatically be renewed for any further maturity which that Secured Party considers appropriate.
Appears in 2 contracts
Samples: Security Agreement (Cushman & Wakefield PLC), Security Agreement (Cushman & Wakefield PLC)
Time Deposits. Without prejudice to any right of set-off any Secured Party may have under any other Second Lien Note Finance Document or otherwise, if any time deposit matures on any account a the Chargor has with any Secured Party within the Security Period when:
(a) this Security has become enforceable; and
(b) no Secured Liability is due and payable, that time deposit will automatically be renewed for any further maturity which that Secured Party considers appropriate.
Appears in 2 contracts
Samples: Security Agreement (GCL Silicon Technology Holdings Inc.), Security Agreement (GCL Silicon Technology Holdings Inc.)
Time Deposits. Without prejudice to any right of set-off any Secured Party may have under any other Second Lien Note Secured Document or otherwise, if any time deposit matures on any account a the Chargor has with any Secured Loan Party within the Security Period when:
(a) this Security has become enforceable; and
(b) no Secured Liability Obligation is due and payable, that time deposit will automatically be renewed for any further maturity which that Secured Party considers appropriate.
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Time Deposits. Without prejudice to any right of set-off any Secured Party may have under any other Second Lien Note Finance Document or otherwise, if any time deposit matures on any account a Chargor has with any Secured Party within the Security Period when:
(a) this Security has become is enforceable; and
(b) no Secured Liability is Liabilities are due and payable, that time deposit will automatically be renewed for any further maturity which that Secured Party considers appropriate.
Appears in 1 contract
Samples: Security Agreement
Time Deposits. Without prejudice to any right of set-off any Secured Party may have under any other Second Lien Note Secured Document or otherwise, if any time deposit matures on any account a Chargor has with any Secured Loan Party within the Security Period when:
(a) this Security has become enforceable; and
(b) no Secured Liability Obligation is due and payable, that time deposit will automatically be renewed for any further maturity which that Secured Party considers appropriate.
Appears in 1 contract
Time Deposits. Without prejudice to any right of set-off any Secured Party may have under any other Second Lien Note Finance Document or otherwise, if any time deposit matures on any account a the Chargor has with any Secured Party within the Security Period when:
(a) this Security has become enforceable; and
(b) no Secured Liability is due and payable, that time deposit will shall automatically be renewed for any further maturity which that Secured Party considers appropriate.
Appears in 1 contract
Samples: Company Debenture
Time Deposits. Without prejudice to any right of set-off any Common Secured Party may have under any other Second Lien Note Finance Document or otherwise, if any time deposit matures on any account a the Chargor has with any Common Secured Party within the Security Period when:
(a) this Security has become enforceable; and
(b) no Common Secured Liability Obligation is due and payable, that time deposit will automatically be renewed for any further maturity which that Secured Party the Common Security Agent considers appropriate.
Appears in 1 contract
Samples: Security Agreement
Time Deposits. Without prejudice to any right of set-off any Secured Party may have under any other Second Lien Note Finance Document or otherwise, if any time deposit matures on any account a Chargor the Mortgagor has with any Secured Party within the Security Period when:
(a) this Security has become enforceable; and
(b) no Secured Liability is due and payable, that time deposit will shall automatically be renewed for any further maturity which that Secured Party considers appropriate.
Appears in 1 contract
Samples: Parent Share Mortgage
Time Deposits. Without prejudice to any right of set-off any Secured Party may have under any other Second Lien Note Document or otherwise, if any time deposit matures on any account a the Chargor has with any Secured Party within the Security Period at a time when:
(a) the security constituted by or pursuant to this Security Debenture has become enforceable; and
(b) no amount of the Secured Liability Obligations is due and payable, that time deposit will shall automatically be renewed for any further maturity which that Secured Party considers appropriate.
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Time Deposits. Without prejudice to any right of set-off any Secured Party may have under any other Second Lien Note Secured Debt Document or otherwise, if any time deposit matures on any account a Chargor the Owner has with any Secured Party within the Security Period when:
(a) this Security has become enforceable; and
(b) no Secured Liability Obligation is due and payable, that time deposit will automatically be renewed for any further maturity which that Secured Party in its absolute discretion considers appropriateappropriate unless that Secured Party otherwise agrees in writing.
Appears in 1 contract
Time Deposits. Without prejudice to any right of set-off any Secured Party may have under any other Second Lien Note Finance Document or otherwise, if any time deposit matures on any account a the Chargor has with any Secured Party at a time within the Security Period when:
(a) this Security security has become enforceable; and
and (b) no amount of the Secured Liability Liabilities is due and payable, that time deposit will shall automatically be renewed for any further maturity which that Secured Party considers appropriate.
Appears in 1 contract