Cession in Security definition

Cession in Security means the Cession in Security entered into or to be entered into among the Finance Parties and the Original Borrower before the Demerger Date pursuant to which the Original Borrower will cede in securitatem debiti all of its rights, title and interest in and to the Indemnity Agreement in favour of the Finance Parties, jointly and severally, as security for its obligations under the Finance Documents to which it is a party;

Cession in Security means the Cession in Security Agreement concluded on or about 20 November 2013 between the Debt Guarantor and Accelerate pursuant to which Accelerate cedes in securitatem debiti its rights in and to the Lease Agreements, the Lease Payments, the Insurance Policies and the Insurance Proceeds (all as defined therein) to the Debt Guarantor as security for the obligations of Accelerate under the Counter Indemnity Agreement;

Cession in Security means the written agreement titled “Cession in Security”, with SAB (as

Examples of Cession in Security in a sentence

• Pledge and Cession in Security between the Company, Greenstone and NLZMOn 28 July 2016 the Company entered into a pledge and cession in security agreement with Greenstone and NLZM constituting the Security (the “Pledge Agreement”).

• The Cession which is the subject matter of the Cession in Security Agreement will endure and be of force and effect until the Secured Obligations have been discharged in full.

• The purpose for a two cell stormwater quantity/quality facility would be to provide water quality treatment for the “first flush”, separate from the quantity cell to provide a more effective water quality treatment process.

• The Cession in Security Agreement contains warranties which are usual for transactions of this nature.

• The Cession will take effect on the Cession in Security Effective Date.

• Terms and expressions used herein shall bear the meanings ascribed to them in the Cession in Security Agreement unless otherwise defined herein.

• Constantia shall only be entitled to enforce its rights under the Cession in Security Agreement after an event of default occurs in terms of the Share Sale Agreement or Repayment Terms Agreement.

• Effect of a change in the reference interest rate on the loan interest rate Irrespective of the reference interest rate, the interest rate of a loan must always be at least 0%.

• By virtue of the Pledge and Cession in Security Agreement Lebonix has no rights in and to the Lebonix Loan.’[26] In September 2021, Barak launched the Conversion Application.

• Suretyships 42 Chapter 28: Mortgage, Pledge and Cession in Security 46 1.

More Definitions of Cession in Security

Cession in Security means the South African law governed cession in security agreement amongst, inter alios, the Intercreditor Agent, the Security SPV, the Management Company and each Mining Company, in terms of which each Mining Company and the Management Company cedes in securitatem debiti the rights in and to certain of its assets listed therein in accordance with the terms of that agreement (including, inter alia, onshore bank accounts, claims and receivables, insurance proceeds, cash and cash equivalents, certain offtake agreements and in respect of the Management Company, its proceeds account and amounts standing to the credit thereof).

Cession in Security means the written agreement titled “Cession in Security”, with SAB (as cessionary) in terms of which, inter alia, the Company cedes in security to SAB, all of its rights, title and interests in and to the Company Account (as defined therein), as security for the payment and performance obligations or indebtedness at any time due, owing, scheduled or contracted to be paid, performed or incurred by the Company to SAB under or in connection with any Finance Document (as defined in the SAB Zenzele Kabili Preference Share Subscription Agreement); “CIPC” means the Companies and Intellectual Property Commission, established pursuant to section 185 of the Companies Act, or its successor body; “Codes” means the Codes of Good Practice on Broad-Based Black Economic Empowerment published by the Minister of Trade and Industry in terms of Section 9 of the BBBEE Act under Government Notice 1019 in Government Gazette 36928 of 11 October 2013 and Government Notice 408 in Government Gazette 38766 of 6 May 2015, as amended from time to time; “Common Monetary Area” means, collectively, South Africa, the Republic of Namibia and the Kingdoms of Lesotho and eSwatini; “Company Secretary” or “William Radcliffe” means Rilapax Proprietary Limited trading as William Radcliffe, a company incorporated in accordance with the laws of South Africa, under registration number: 2013/068456/07; “Companies Act” means the Companies Act, No. 71 of 2008, as amended from time to time; “Companies Regulations” means the Companies Regulations, 2011, as promulgated in terms of section 223 of the Companies Act, as amended from time to time; “Contribution Agreement” means the Contribution Agreement entered into between SAB Zenzele Kabili and SAB on or about 6 February 2020, in terms of which SAB agrees to contribute the Discount Shares to SAB Zenzele Kabili; “Controlled Client” means a controlled client of a JSE Member as contemplated under the JSE Equities Rules and Directives; “CSDP” means a central securities depository participant, being a “participant” as defined in section 1 of the Financial Markets Act; “Custody Entity” means the person designated by SAB from time to time to act in such capacity, the Custody Entity initially being Investec Share Plan Services Proprietary Limited; “Dematerialise” means the process whereby shares are recorded by electronic records of ownership in the Strate system in the sub-register of the Company maintained by a CSDP or broker, “Dematerialised” and “Dematerialisa...

Cession in Security means the written agreement entitled “Cession in Security” to be concluded between Pyramid Freight SA and the Finance Parties pursuant to which Pyramid Freight SA cedes its rights in respect of the loan agreements listed in Schedule 1 thereto in favour of the Finance Parties as security for the obligations of Pyramid Freight SA under the Finance Documents.