Assigned Security definition
Examples of Assigned Security in a sentence
The Assigned Security Interest shall terminate upon the earlier to occur of (i) the fulfillment of the Company's obligation to pay the Termination Payment or (ii) the termination and/or fulfillment of any and all obligations of the Buyer to the Company in connection with the sale of the Public Safety Business.
The Assigned Security Deposits are the only Security Deposits of Seller in relation to the Assumed Real Estate Leases and the Assumed Capital Leases.
Upon: (i) the decision by the Exchange, acting reasonably, that an Assigned Security should be removed from the DMM’s list of Assigned Securities, (ii) a request by the DMM to remove a security from its list of Assigned Securities, or (iii) agreement among the Exchange and the DMM and other affected DMM(s) and the issuer(s) of the Assigned Securities, if applicable, to exchange such securities, the DMM’s appointment with regards to the security or securities removed from its list will be terminated.
TO HAVE AND TO HOLD the Assigned Security Interest unto the Purchaser’s Agent, for the benefit of its successors and assigns, forever; provided, however, that the Assignor’s Agent shall retain its non-exclusive rights to indemnification or other contingent obligations that survive the termination of Assignor’s Agent status as such as expressly provided for under the Loan Documents.
Seller has a valid, enforceable, attached and perfected first priority security interest against the Assigned Security Interest under the Loan and Security Agreement-Note C.
In all events, Borrower shall not permit a subordination of the Lien of the Collaterally Assigned Security Instrument to any Lien that is not a Permitted Encumbrance.
For the avoidance of doubt, all Hedge Agreements that are secured by the Assigned Security Interests shall continue to be so secured and shall constitute “Secured Swap Agreements” under the Credit Agreement.
No rights exist which under law could give rise to any mechanics’ liens, materialmen’s liens and other similar encumbrances that would be prior to or equal with the lien of the Collaterally Assigned Security Instrument.
Borrower and Guarantor are unaware of any party that has threatened, asserted or claimed ownership of or a writ of possession against the Assigned Security Interest.
Borrower and Guarantor are unaware of any threatened, asserted, claimed or filed judicial or non-judicial proceeding and in which title to the Assigned Security Interest is affected or in which the validity or enforceability of the Loan and Security Agreement-Note C is disputed.