Existing Transaction Security definition
Existing Transaction Security means the Security directly held or created or expressed to be created in favour of any Existing Security Holder pursuant to the Existing Transaction Security Documents.
Existing Transaction Security means the security granted in favour of the Existing Security Agent on behalf of the Senior Secured Scheme Creditors in respect of and in connection with the Existing Senior Secured Finance Documents prior to the Composite Restructuring Effective Date;
Existing Transaction Security means the Transaction Security (as defined in the Existing Notes Terms) in place prior to the Restructuring Effective Date.
Examples of Existing Transaction Security in a sentence
Except to the extent of the amendments effected strictly in accordance with this Agreement, the Working Capital Notes Documents (including, without limitation, the Existing Guarantees and the Existing Transaction Security) shall continue in full force and effect.
Without duplication of the documents set forth in clauses (a) and (b) above, each other document reasonably requested by the Administrative Agent entered into to create a Security Interest in respect of the obligations of any of the Obligors (or any other person) to the Finance Parties (or any of them) under any of the Finance Documents with respect to any unencumbered assets of the Offshore Entities not subject to Existing Transaction Security.
More Definitions of Existing Transaction Security
Existing Transaction Security means the “Transaction Security” as defined in the 2009 Financing Agreement (prior to its amendment pursuant to the 2009 Financing Agreement Amendment Agreement).