Bank Security Interests definition

Bank Security Interests means the Liens on the Other Collateral created by the Bank Security Documents for the benefit of the Banks.
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Bank Security Interests means in relation to Bank Hapoalim B.M.: 1. a first ranking share pledge by the Seller and C.C.B. NV over the Shares in the Target; 2. a first ranking mortgage over the Target’s real estate at Xxxxxxxx Xxxxxxxxxxx 0 in Antwerp for a principal amount of EUR 6,250,000; 3. a second ranking mortgage over the Target’s real estate at Xxxxxxxx Xxxxxxxxxxx 0 in Antwerp for a principal amount of EUR 11,302,000; 4. a mortgage mandate over the Target’s real estate at Xxxxxxxx Xxxxxxxxxxx 0 in Antwerp, initially for a principal amount of EUR 18,750,000;
Sample 1

Examples of Bank Security Interests in a sentence

  • The Trustee and each Holder acknowledge that, as more fully set forth in the Security Documents, the rights of the Holders (or the Trustee on their behalf) to receive proceeds from the disposition of the Other Collateral is subordinated to the Bank Security Interests, as set forth in Section 3.03.

  • On the Effective Date, the ING Bank Security Interests shall be fully and finally transferred to the Liquidating Trusts.

  • To secure the payment of the Warehouse Note and all other Secured Obligations, the Company shall grant to the Bank, Security Interests in such of its Loans, Mortgage-backed Securities, and other assets constituting Collateral as may be required under the terms of the Security Agreement.

  • In the event that other measures fail to cause the Bank to cease its course of action against DAM, Pappajohn shall pay to the Bank the outstanding balance under the Existing Credit Agreements pursuant to his guarantee thereof or otherwise acquire from the Bank all rights of the Bank under the Existing Credit Agreements (including the Bank Security Interests).

  • Bank Security Interests in the Collateral securing Senior Subordinated Debt are PARI PASSU with the Security Interests, and the rights of Bank Lenders in respect of Senior Subordinated Debt to receive proceeds from the disposition of the Collateral is PARI PASSU with the rights of the Holders to receive proceeds from the disposition of the Collateral.

  • The Trustee and each Holder acknowledge that, as more fully set forth in the Security Documents, the rights of the Holders (or the Trustee on their behalf) to receive proceeds from the disposition of the Other Collateral is subordinated to the Bank Security Interests, as set forth in Section 13.03.

  • Bank Security Interests in the Collateral securing Senior Subordinated Debt are PARI PASSU with the Security Interests, and the rights of Bank Lenders in respect of Senior Subordinated Debt to receive proceeds from the disposition of the Collateral is PARI PASSU with the rights of the Holders, or the Trustee on their behalf, to receive proceeds from the disposition of the Collateral.

  • NNJCA and Pappajohn shall not take, or cause to be taken, any action the purpose of which is to make the NNJCA Security Interests pari passu with or senior to the Bank Security Interests or the DAM Security Interests.

  • Such Seller has good and valid title to the Xxxxxxxxxx Equity Interests and Company Shares reflected as owned by such Seller on Schedule A, free and clear of all Encumbrances (except such Encumbrances as may be imposed by the LLC Agreements and the Signature Bank Security Interests).

  • NNJCA, Xxxxxx and Xxxxxxxxx shall not object to or contest, or support any other person in contesting or objecting to, in any proceeding, the validity, extent, perfection, priority or enforceability of the Bank Security Interests or the DAM Security Interests.

Related to Bank Security Interests

  • Permitted Security Interests means (i) any Security Interest for taxes, assessments or governmental charges or levies which relate to obligations not yet due and delinquent, (ii) easements, servitudes, encroachments and other minor imperfections of title which do not, individually or in the aggregate, detract from the value of or impair the use or marketability of any real property, and (iii) undetermined or inchoate Security Interests arising or potentially arising under statutory provisions which have not at the relevant time been filed or registered in accordance with applicable laws or of which written notice has not been given in accordance with applicable laws;

  • Security Interests means the security interests in the Collateral created hereby.

  • Permitted Security Interest means any Security Interest:

  • Security Interest means any mortgage, charge, pledge, lien or other security interest including, without limitation, anything analogous to any of the foregoing under the laws of any jurisdiction;

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • First Priority Security Documents means each agreement or document granting or purporting to xxxxx x Xxxx on any Common Collateral to secure First Priority Obligations.

  • Purchase Money Security Interest means Liens upon tangible personal property securing loans to any Loan Party or Subsidiary of a Loan Party or deferred payments by such Loan Party or Subsidiary for the purchase of such tangible personal property.

  • Prior Security Interest means a valid and enforceable perfected first-priority security interest in and to the Collateral that is subject only to Permitted Liens which have first-priority by operation of applicable Law.

  • First Priority Liens means all Liens that secure the First Priority Lien Obligations.

  • Acceptable Security Interest in any Property means a Lien which (a) exists in favor of the Administrative Agent for the benefit of the Secured Parties, (b) is superior to all Liens or rights of any other Person in the Property encumbered thereby other than Permitted Subject Liens, (c) secures the Obligations, and (d) is perfected and enforceable.

  • First Priority Obligations means (a) with respect to the Existing First Priority Agreement, all “Obligations” of each Loan Party as defined in the Existing First Priority Agreement and (b) with respect to each other First Priority Agreement, all “Obligations” of each Loan Party as defined in such First Priority Agreement, and shall in any event include (i) all principal of and interest (including without limitation any Post-Petition Interest) and premium (if any) on all loans made or other indebtedness issued or incurred pursuant to such First Priority Agreement, (ii) all reimbursement obligations (if any) and interest thereon (including without limitation any Post-Petition Interest) with respect to any letter of credit or similar instruments issued pursuant to such First Priority Agreement, (iii) all Specified Swap Agreements, (iv) all Specified Cash Management Agreements and (v) all guarantee obligations, fees, expenses and other amounts payable from time to time pursuant to the applicable First Priority Documents, in each case whether or not allowed or allowable in an Insolvency Proceeding. To the extent any payment with respect to any First Priority Obligation (whether by or on behalf of any Loan Party, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession, any Second Priority Secured Party, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the First Priority Secured Parties and the Second Priority Secured Parties, be deemed to be reinstated and outstanding as if such payment had not occurred.

  • Second Priority Collateral Documents means the Initial Second Priority Collateral Documents and each of the collateral agreements, security agreements and other instruments and documents executed and delivered by the Borrower or any Grantor for purposes of providing collateral security for any Second Priority Debt Obligation.

  • First Priority Secured Parties means, with respect to each Type of Common Collateral, the First Priority Representative and the holders of the First Priority Obligations.

  • First Priority Lien Obligations means (i) all Secured Bank Indebtedness, (ii) all other Obligations (not constituting Indebtedness) of the Issuer and its Restricted Subsidiaries under the agreements governing Secured Bank Indebtedness and (iii) all other Obligations of the Issuer or any of its Restricted Subsidiaries in respect of Hedging Obligations or Obligations in respect of cash management services in each case owing to a Person that is a holder of Indebtedness described in clause (i) or Obligations described in clause (ii) or an Affiliate or Representative of such holder at the time of entry into such Hedging Obligations;

  • Permitted Priority Liens means Liens permitted under any of the clauses (b), (c), (d), (e), (f) or (i) of Section 9.02.

  • First Priority means, with respect to any Lien purported to be created in any Collateral pursuant to any Collateral Document, that such Lien is the only Lien to which such Collateral is subject, other than any Permitted Lien.

  • First Priority Lien means any Lien created by the First Priority Security Documents.

  • First Priority Documents means the First Priority Agreement, each First Priority Security Document and each First Priority Guarantee.

  • Second Priority Collateral means any “Collateral” as defined in any Second Priority Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority Debt Obligation.

  • Senior Collateral Documents means the Security Agreement and the other “Collateral Documents” as defined in the Credit Agreement, the First Lien Intercreditor Agreement (upon and after the initial execution and delivery thereof by the initial parties thereto) and each of the collateral agreements, security agreements and other instruments and documents executed and delivered by the Borrower or any other Grantor for purposes of providing collateral security for any Senior Obligation.

  • Foreign Collateral Documents means each agreement that creates or purports to create a Lien in favor of the Administrative Agent for the benefit of the Secured Parties in any Foreign Collateral.

  • Collateral has the meaning specified in the Granting Clause of this Indenture.

  • UCC Collateral is defined in Section 3.03.

  • Collateral Security Documents Any document or instrument given to secure or guaranty the Mortgage Loan, including without limitation, the Mortgage, each as amended, supplemented, assigned, extended or otherwise modified from time to time.

  • Security Instruments means, collectively, (a) the Mortgages, (b) the Transfer Letters, (c) the Pledge Agreements, (d) the Security Agreements, (e) each other agreement, instrument or document executed at any time in connection with the Pledge Agreements, the Security Agreements, or the Mortgages, (f) each agreement, instrument or document executed in connection with the Cash Collateral Account; and (g) each other agreement, instrument or document executed at any time in connection with securing the Obligations.

  • Prepetition Collateral means the collateral securing the Prepetition BP Secured Claim, including, without limitation, the Posted Collateral.