English Transaction Security means the security created or expressed to be created in favor of the Collateral Agent, as trustee for the Secured Parties pursuant to any English Security Documents.
English Transaction Security. For the purposes of this Section 11.13 only:
English Transaction Security means all Transaction Security located in England and/or governed by English law.
Examples of English Transaction Security in a sentence
If the Discharge of all Pari Passu Obligations has occurred, then the trusts set out in this Agreement shall be wound up and the Collateral Agent shall release, without recourse or warranty, all of the English Transaction Security and the rights of the Collateral Agent under each of the English Security Documents.
All moneys from time to time received or recovered by the Second Lien Collateral Agent in respect of the Trust Property and the net proceeds from the realization or enforcement of all or any part of the English Transaction Security shall be held by the Second Lien Collateral Agent on trust to apply them at such times as the Second Lien Collateral Agent considers appropriate in the order of priority set out in Section 6.10 (subject to the Intercreditor Agreements).
More Definitions of English Transaction Security
English Transaction Security means the security created or expressed to be created in favor of the Second Lien Collateral Agent as trustee for the Second Priority Secured Parties pursuant to any English Security Documents.
English Transaction Security. For the purposes of this Section 11.13 only: (i) “Finance Parties” means each Secured Bank Provider, Lender and the Agent; (ii) “Secured Parties” means each Finance Party from time to time party to this Agreement, any Receiver or Delegate and each other agent, arranger and lender from time to time party to this Agreement; (iii) “Receiver” means a receiver or receiver and manager or administrative receiver of the whole or any part of the Collateral; and (iv) “Delegate” means any delegate, agent, attorney or co-trustee appointed by the Agent. (b) The Agent declares that it holds the benefit of the English Transaction Security in trust for each Finance Party on the terms contained in this Agreement. (c) Each of the Finance Parties: (i) authorizes the Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Agent under or in connection with the English Security Documents together with any other incidental rights, powers, authorities and discretions; and (ii) agrees that no Finance Party shall have any independent power to enforce, or have recourse to, any of the Liens or Collateral created or evidenced, or expressed to be created or evidenced, under the English Security Documents or to exercise any right, power, authority or discretion arising under the English Security Documents except through the Agent.
English Transaction Security. For the purposes of this Section 11.13 only: (i) “Finance Parties” means each Secured Bank Provider, Lender and the Agent; (ii) “Secured Parties” means each Finance Party from time to time party to this Agreement, any Receiver or Delegate and each other agent, arranger and lender from time to time party to this Agreement; (iii) “Receiver” means a receiver or receiver and manager or administrative receiver of the whole or any part of the Collateral; and (iv) “Delegate” means any delegate, agent, attorney or co-trustee appointed by the Agent. (b) The Agent declares that it holds the benefit of the English Transaction Security in trust for each Finance Party on the terms contained in this Agreement. (c) Each of the Finance Parties: (i) authorizes the Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Agent under or in connection with the English Security Documents together with any other incidental rights, powers, authorities and discretions; and (ii) agrees that no Finance Party shall have any independent power to enforce, or have recourse to, any of the Liens or Collateral created or evidenced, or expressed to be created or evidenced, under the English Security Documents or to exercise any right, power, authority or discretion arising under the English Security Documents except through the Agent.