Dutch Security Agreement definition

Dutch Security Agreement means each of the security documents expressed to be governed by the laws of The Netherlands (as modified, supplemented, amended or amended and restated from time to time) covering certain of such Dutch Loan Party’s present and future Dutch Collateral.

Dutch Security Agreement means the security agreement between each Subsidiary incorporated under the laws of The Netherlands as pledgor and the Collateral Agent as pledgee governed by Dutch law creating a right of pledge over the Collateral described therein.

Dutch Security Agreement means (a) a Dutch law deed of pledge of movables, dated as of the Initial Effective Date, among Office Depot B.V. and Office Depot International B.V. as pledgors and the European Collateral Agent as pledgee, (b) a Dutch law undisclosed deed of pledge of receivables, dated as of the Initial Effective Date, among Office Depot B.V. and Office Depot International B.V. as pledgors and the European Collateral Agent as pledgee, (c) a Dutch law deed of pledge of collection accounts, dated as of the Initial Effective Date, among Office Depot B.V. and Office Depot International B.V. as pledgors and the European Collateral Agent as pledgee, (d) a Dutch law deed of pledge of non-collection bank accounts, dated as of the Initial Effective Date, among Office Depot B.V. and Office Depot International B.V. as pledgors and the European Collateral Agent as pledgee, (e) a Dutch law disclosed deed of pledge of intercompany receivables, dated as of the Initial Effective Date, among Office Depot B.V. and Office Depot International B.V. as pledgors and the European Collateral Agent as pledgee, (f) a Dutch law deed of pledge of receivables, dated 27 December 2010, between Office Depot Finance B.V. as pledgor and the European Collateral Agent as pledgee, (g) any other pledge or security agreement entered into, after the date of this Agreement, by any other Dutch Loan Party (as required by this Agreement or any other Loan Document for the purpose of creating a Lien on the property of any Dutch Loan Party (or any other property located in the Netherlands)) and (h) any other charge or security agreement entered into, after the date of this Agreement, by any Loan Party (as required by this Agreement or any other Loan Document for the purpose of creating a Lien on any property located in the Netherlands), which charge or security agreement is designated by the European Administrative Agent as a “Dutch Security Agreement”, in each case as the same may be amended, restated or otherwise modified from time to time.

Examples of Dutch Security Agreement in a sentence

• Except for filings and actions contemplated hereby and by the Dutch Security Agreement, no consents, filings or recordings are required under the laws of The Netherlands in order to perfect, and/or maintain the perfection and priority of, the security interests purported to be created by any Dutch Security Agreement.

• To grant the security pursuant to any Dutch Security Agreement to the European Collateral Agent, each European Loan Party irrevocably and unconditionally undertakes (and to the extent necessary undertakes in advance (bij voorbaat)) to pay to the European Collateral Agent amounts equal to any amounts owing from time to time by a European Loan Party to any Guaranteed Party under any Loan Document as and when those amounts are due.

• In connection with the delivery of each Borrowing Base Certificate and at all other times that Agent or Security Trustee, in its sole discretion, requires, each Dutch Borrower owning receivables not yet subject to a Dutch Security Agreement in favor of Security Trustee shall execute a supplemental pledge in favor of Security Trustee of all such receivables, which supplemental pledge shall be submitted to the local Dutch tax office.

• This Agreement, any Supplemental Pledge Agreement and any Bank Consent Letter is a Dutch Security Agreement.

• The Issuer and GFL Aircraft Leasing Netherlands B.V. undertake with the Security Trustee to enter into the Dutch Security Agreement and the Dutch Security Documents (as defined therein) on the date that the Issuer acquires the shares of GFL Aircraft Leasing Netherlands B.V. pursuant to the Asset Purchase Agreement.

More Definitions of Dutch Security Agreement

Dutch Security Agreement means the Dutch law governed security agreement, dated as of the Effective Date, made by Clevertouch B.V. as pledgor in favor of the Collateral Agent as pledgee, in form and substance reasonably acceptable to the Required Lenders.

Dutch Security Agreement means the Dutch law security agreement between, among others, the Collateral Agent, as pledgee, and each of the Dutch Borrower, Hi-Tec, Hi-Tec International Holdings B.V. and Hi-Tec Nederland B.V., as pledgors.

Dutch Security Agreement means that certain Dutch law security agreement, dated as of the Closing Date, as may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, by and among the Dutch Subsidiary, as pledgor, and the Lender, as pledgee.

Dutch Security Agreement means a Dutch law governed deed of pledge dated on or about the date of this Agreement over the bank accounts in the Netherlands, receivables and movables owned by the Dutch Obligors.

Dutch Security Agreement means (a) a Dutch law (undisclosed) deed of pledge of receivables, (b) a Dutch law (disclosed) pledge of bank accounts or (c) a Dutch law non-possesory pledge of movable assets, dated as of the date hereof, among the Dutch Borrowers, and the European Collateral Agent, as the same may be amended, restated or otherwise modified from time to time, and any other pledge or security agreement entered into, after the date of this Agreement, by any other Dutch Loan Party (as required by this Agreement or any other Loan Document for the purpose of creating a Lien on the property of any Dutch Loan Party (or any other property located in the Netherlands)), as the same may be amended, restated or otherwise modified from time to time.

Dutch Security Agreement means a Netherlands law governed security agreement, dated the Closing Date, between the Loan Party formed under the laws of the Netherlands and the Collateral Trustee on behalf of the Secured Parties (as defined in the Collateral Trust Agreement).

Dutch Security Agreement each pledge (including, without limitation, each pledge over movable assets (undisclosed and non-possessory) and each pledge of receivables) or security agreement governed by Dutch law among any Dutch Domiciled Loan Party and the applicable Security Trustee.