Existing Security Interests definition

Existing Security Interests shall have the meaning set forth in Section 2.01 hereto.

Existing Security Interests means Security Interests existing on the Closing Date that are not expressly required to be discharged as a condition precedent to the obligations of the Underwriter pursuant to the Bond Purchase Agreement.

Existing Security Interests means any Security Interest granted by any member of the Group or any Borrowing Group Member over any asset of that member in respect of any Existing Facility as at the date of this Agreement which is either over the assets leased under existing Lease Facilities or as listed in Schedule 4. Exposure in relation to any creditor under a Facility means at any time:

Examples of Existing Security Interests in a sentence

• It is acknowledged and agreed that the outstanding indebtedness and obligations evidenced by the Prior Credit Facilities are hereby renewed, extended and consolidated by this Agreement and the Other Loan Documents, and the Existing Security Interests, which are hereby respectively assigned by NationsBank and Hibernia to Agent for the benefit of Lenders, are renewed, extended and continued in full force and effect under the Security Agreement as security for the Obligations.

• List of Existing Security Interests The following Annexes are attached hereto: Annex I Resolution of Assembly of Borrower and authorisation of signatory Annex II Form of Legal Opinion.

• Future Prospects Since the impact of the release of the Existing Security Interests is minimal, there are no changes to the management status forecast for the fiscal period ending January 31, 2022 (August 1, 2021 to January 31, 2022) and fiscal period ending July 31, 2022 (February 1, 2022 to July 31, 2022) announced in “Financial Report for the Fiscal Period Ended July 31, 2021 (REIT)” dated September 15, 2021.

• The Debtor agrees that it will not sell, transfer, pledge, mortgage or encumber any of the Collateral (other than sales of goods or services in the ordinary course of business) without the prior written consent of the Secured Parties, except that Debtor is permitted to grant subordinated security interests to the holders of Existing Security Interests (as hereinafter defined).

• At the Date of the Signature, there do not exist any endorsements or securities allocated by the Borrower or one of its Subsidiaries other than the already Existing Security Interests.

More Definitions of Existing Security Interests

Existing Security Interests means any Security Interest existing as at the Issue Date; “FSMA” means the UK Financial Services and Markets Act 2000;

Existing Security Interests means, in relation to an Existing Agreement, any Encumbrances created to secure the Existing Indebtedness under that Existing Agreement.

Existing Security Interests means the Security Interests created or otherwise arising under credit facility arrangements between the Borrower and the Export- Import Bank of Thailand in an aggregate amount of US$4,000,000 (including without limitation those credit facilities under their US$2,000,000 short-term credit facilities agreement dated 1 August 1998 and their US$2,000,000 short- term credit facilities agreement dated 14 June 2000);

Existing Security Interests means any Security Interests created to secure the Existing Indebtedness under the Existing Facility Agreement. "Existing Ship" means: (a) each of the vessels listed in Part A of Schedule 6 (Details of Existing Ships, Newbuild Ship and Upsize Ship) which are owned by the Borrower (and which are also sometimes referred to in this Agreement by their individual names); and (b) each Replacement Ship that has become an Existing Ship in accordance with Clause 9.11 (Replacement Ships). "Facility" means the Newbuild Loan, the Upsize Loan or the Revolving Facility. "Facility Office" means the office or offices notified by a Lender to the Agent in writing on or before the date it becomes a Lender (or, following that date, by not less than 5 Business Days' written notice) as the office or offices through which it will perform its obligations under this Agreement. "Fallback Interest Period" means one month. "FATCA" means (a) sections 1471 to 1474 of the Code or any associated regulations or other official guidance; (b) any treaty, law, regulation or other official guidance enacted in any other jurisdiction, or relating to an intergovernmental agreement between the US and any other jurisdiction, which (in either case) facilitates the implementation of paragraph (a) above; or (c) any agreement pursuant to the implementation of paragraphs (a) or (b) above with the US Internal Revenue Service, the US government or any governmental or taxation authority in any other jurisdiction. "FATCA Application Date" means: (a) in relation to a "withholdable payment" described in section 1473(1)(A)(i) of the Code (which relates to payments of interest and certain other payments from sources within the US), 1 July 2014; or

Existing Security Interests means the following security interests created pursuant to the following instruments:

Existing Security Interests means the security interests respectively in --------------------------- favor of NationsBank and Hibernia granted to secure the Prior Credit Facilities, the security agreements evidencing such security interests being more particularly described on Exhibit A to the Security Agreement. ---------

Existing Security Interests in respect of the FM-5 Satellite currently securing the indebtedness and obligations under the Original Customer Credit Agreement, including those under the Original Security Agreement, shall continue and be reaffirmed, all as security for the Obligations of the Customer under the Customer Credit Agreement and the other Loan Documents;