Additional Security definition

Additional Security has the meaning given in clause 10.6;
Additional Security means any letter of credit, guarantee agreement, mortgage-backed security, insurance policy or other security which would result in a rating on the Bonds not less than “A” by a Nationally Recognized Rating Agency, or other collateral which would result in a rating on the Bonds of at least “A” from a Nationally Recognized Rating Agency.
Additional Security means any additional or special security for the Loan made or Local Governmental Obligations purchased by the Trust, and any moneys, revenues, property, or rights pledged, transferred, or otherwise made available to secure repayment of such Loan or Local Governmental Obligations, including any security agreement, resolution, indenture, trust agreement, pledge, deed, mortgage, or other instrument of security, all as described in Schedule B of the Financing Agreement;

Examples of Additional Security in a sentence

  • In the event IHC’s use of the Facilities pursuant to this Agreement is materially affected, IHC may, at its option, terminate this Agreement in accordance with Article 31 (Termination for Default) and pursue all legal and equitable remedies available to it including damages from THBC or the third party who has materially affected IHC’s rights under this Section 36.18, subject to Article 32 (Damages & Additional Security).

  • On similar lines Penalty shall be levied for delayed remittance of Additional Security Deposit (if applicable).

  • Additional Security Documents may be entered into in respect of particular Series if required by the Trustee.


More Definitions of Additional Security

Additional Security means any Security Interest created pursuant to Section 6.10.
Additional Security. Cash Collateral, a Guarantee, a Standby L/C or such other security as may be acceptable to GSB;
Additional Security is defined in Schedule E, Paragraph1; “Affected Party”: is defined in Article 16.1;
Additional Security shall have the meaning give in Section 3.13.
Additional Security means a letter of credit, line of credit, insurance policy, standby purchase agreement or similar obligation or instrument or any combination of the foregoing.
Additional Security has the meaning ascribed to such term in Section 2.4.
Additional Security means any additional security for the obligations of the Lessee under this Lease provided in accordance with clause 25 in form and content acceptable to the Lessor and, where the context so requires, includes any replacement of such additional security issued pursuant to clause 25;