Examples of Borrower Security Documents in a sentence
Other than the foregoing, prior to the enforcement of the security created pursuant to the Borrower Security Documents, the Issuer will not have any other significant funds available to it to meet its obligations under the Bonds and in respect of any payment ranking in priority to, or pari passu with, the Bonds.
None of the Obligors nor the Issuer may assign all or any of its rights or transfer all or any of its rights and obligations under the Transaction Documents except (1) in the case of the Issuer, pursuant to the Issuer Deed of Charge or (2) in the case of the Obligors pursuant to the Borrower Security Documents as expressly provided by this Deed or (3) as may be required by law.
The Power of Attorney created by this Clause is given irrevocably by way of security to secure the obligations of the Obligors under the Borrower Security Documents.
Other than in accordance with the Borrower Security Documents, no Obligor may assign all or any of its rights or transfer any of its obligations under this Deed or under any other Common Document without the prior written consent of the Borrower Security Trustee or as may be required by law.
Enforcement under the Borrower Security Documents may not result in immediate realisation of the Borrower Level Charged Property and a significant delay could be experienced in recovery by the Security Trustee of, inter alia, amounts owed under the Loan.