Continuing Security definition

Continuing Security. The security created under or pursuant to this Second Priority Funding Deed of Charge shall be: (a) in addition to and independent of and shall not operate so as to prejudice or affect or merge in any other security, right of recourse or other right whatsoever which may be held by any of the Funding Secured Creditors or the Security Trustee on their behalf in respect of the whole or any part of the Funding Secured Obligations and shall not be affected by any release, reassignment or discharge of such other security; and (b) a continuing security for the Funding Secured Obligations and shall remain in force as continuing security for the Funding Secured Creditors and shall not be considered as satisfied or discharged by any intermediate payment or settlement of the whole or any part of the Funding Secured Obligations or the existence at any time of a credit balance on any current or other account or any other matter or thing whatsoever.
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Continuing Security means any Security listed in Schedule 13 (Continuing Security).
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Continuing Security means any Security listed in Schedule 16 (Continuing Security).
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Examples of Continuing Security in a sentence

  • The capital gain must be understood as the difference between the amount received (training compensation included) by [the Respondent] from a third-party club as a result of the player’s definitive transfer to that club and the sum of EUR 5,000,000” which the Respondent had paid to the Claimant in the context of the player’s transfer.

  • Continuing Security Interest; Termination.........................13 SECTION 26.

  • Furthermore, Tadehoorst (2016) identifies the strengths and weaknesses for such sampling techniques as listed below.

  • EHAVE will provide support, documentation, and training to LICENSEE staff as determined by LICENSEE to facilitate their ability to help End Users install and use the Ehave Software.

  • No act to take or dispose of any collateral securing this Acknowledgement of Continuing Security Interest and the Security Agreement shall constitute a waiver of this arbitration agreement or be prohibited by this arbitration agreement.

  • Among other documents executed contemporaneously with the Credit Agreement were a Continuing Security Agreement and UCC-1 Financing Statements (collectively, the “Loan Documents”).

  • Thereafter, if requested in writing by CWI, the Carrier will add additional amounts to the Initial Security Deposit such that the total amount of security deposit being held by CWI at all times is at least equal to the "Continuing Security Deposit".

  • Continuing Security Interest; Termination..........................................................

  • Continuing Security Agreement Covering Rights to Payment and Inventory.

  • Continuing Security Interest; Transfers Under the Note Purchase Agreement.............................................


More Definitions of Continuing Security

Continuing Security means shares of common stock in WEA.
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Continuing Security means the Security remains for as long as there is outstanding Indebtedness
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Continuing Security. This Guarantee is a continuing security to the Security Agent and each Beneficiary and will continue in full force until no sum remains payable under the Finance Documents and the Beneficiaries have irrevocably received or recovered all sums payable under the Finance Documents irrespective of whatever dealings may occur on any account between the Security Agent or such Beneficiary and the Principal.
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Continuing Security means the Security remains as long as there is outstanding Indebtedness.
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Related to Continuing Security

  • Existing Security means any Security granted by any Person over its Assets in respect of any Relevant Indebtedness and which is existing at the relevant Issue Date or at the time any such Person becomes a Material Subsidiary or whose business and/or activities, in whole or in part, are assumed by or vested in the Issuer or a Material Subsidiary after the relevant Issue Date (other than any Security created in contemplation thereof) or any substitute Security created over those Assets (or any part thereof) in connection with the refinancing of the Relevant Indebtedness secured on those Assets provided that the principal, nominal or capital amount secured on any such Security may not be increased;

  • participating security means a security title to units of which is permitted by an operator to be transferred by means of a relevant system;

  • voting security means a security of the Company that:

  • Existing Security Documents shall have the meaning assigned to such term in the recitals hereto.

  • Continuing Contract means a contract for Professional Services entered into in accordance with Section 287.055 of the Florida Statutes, between the District and a firm, whereby the firm provides Professional Services to the District for projects in which the costs do not exceed two million dollars ($2,000,000), for a study activity when the fee for such Professional Services to the District does not exceed two hundred thousand dollars ($200,000), or for work of a specified nature as outlined in the contract with the District, with no time limitation except that the contract must provide a termination clause (for example, a contract for general District engineering services). Firms providing Professional Services under Continuing Contracts shall not be required to bid against one another.

  • Existing Security Agreement has the meaning set forth in the recitals hereto.

  • Existing Secured Notes means the previously issued debt securities of the Issuers outstanding on the date hereof.

  • Existing Securities means, collectively, the Equity Securities and the Debt Securities.

  • Underlying Security means a security issued or transferred, or to be issued or transferred, in accordance with the terms of a convertible security, an exchangeable security or a multiple convertible security;

  • Continuing ownership interest means ownership of or entitlement to more than twenty five per cent of shares or capital or profits of the company;

  • Continuing Obligations mean obligations or responsibilities that are reasonably expected to continue or arise after Operations on a particular area of the Properties have ceased or are suspended, such as future monitoring, stabilization, or Environmental Compliance.

  • APM Qualifying Securities means, with respect to an Alternative Payment Mechanism or any Mandatory Trigger Provision, one or more of the following (as designated in the transaction documents for any Qualifying Capital Securities that include an Alternative Payment Mechanism or a Mandatory Trigger Provision, as applicable):

  • Non-Controlling Secured Parties means, with respect to any Shared Collateral, the First Lien Secured Parties which are not Controlling Secured Parties with respect to such Shared Collateral.

  • Continuing Arrangements means those arrangements set forth on Schedule 1.1(24) and such other commercial arrangements among the Parties that are intended to survive and continue following the Separation Time; provided, however, that for the avoidance of doubt, Continuing Arrangements shall not be Third Party Agreements.

  • Controlling Secured Parties means, with respect to any Shared Collateral, the Series of First Lien Secured Parties whose Authorized Representative is the Applicable Authorized Representative for such Shared Collateral.

  • Qualifying Securities means securities issued by the Issuer that:

  • Continuing care contract means, as stated in RCW 70.38.025, a contract providing a person, for the duration of that person's life or for a term in excess of one year, shelter along with nursing, medical, health-related, or personal care services, which is conditioned upon the transfer of property, the payment of an entrance fee to the provider of such ser- vices, or the payment of periodic charges for the care and ser- vices involved. A continuing care contract is not excluded from this definition because the contract is mutually termina- ble or because shelter and services are not provided at the same location.

  • of a debt security means the principal of the security plus, when appropriate, the premium, if any, on the security.

  • Continuing care means some or all of the following services:

  • Continuing Member means a member of the Board of Directors of the Company who either (a) was a member of the Company's Board of Directors on the Effective Date and has been such continuously thereafter or (b) became a member of such Board of Directors after the Effective Date and whose election or nomination for election was approved by a vote of the majority of the Continuing Members then members of the Company's Board of Directors.

  • guarantee contract means a contract entered into by a person as guarantor;

  • Controlling Securities means (i) the Class A Notes so long as the Class A Notes are outstanding, (ii) after the Class A Notes are no longer outstanding, the Class B Notes so long as the Class B Notes are outstanding and (iii) after the Class B Notes are no longer outstanding, the Class C Notes so long as the Class C Notes are outstanding.

  • Outstanding Voting Securities means the combined voting power of the then-outstanding voting securities of the Company entitled to vote generally in the election of directors.

  • Exempt Security means any security that is expressly exempted from the preclearance or reporting requirements of the Code, where applicable.

  • Relevant Security means the Stock, any other equity security of the Company or any of its subsidiaries and any security convertible into, or exercisable or exchangeable for, any Stock or other such equity security.

  • Outstanding Company Voting Securities means outstanding voting securities of the Company entitled to vote generally in the election of directors; and any specified percentage or portion of the Outstanding Company Voting Securities (or of other voting stock or voting securities) shall be determined based on the relative combined voting power of such securities;