Borrower Security Documents definition
Examples of Borrower Security Documents in a sentence
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.
The Borrowers may not assign any of their rights or transfer any of their rights or obligations under the Initial ACF Finance Documents other than in connection with the granting of Security under the Borrower Security Documents.
The County shall have the right to proceed first and directly against the Guarantor under this Guaranty Agreement without proceeding against or exhausting any other remedies which it may have and without resorting to any other security held by County, including, without limitation, any security held by the County pursuant to any of the Borrower Security Documents.