German Security definition

German Security means the assets which are the subject of a security document which is governed by German law.

German Security means the assets the subject of a security document which is governed by German Law. Each Secured Creditor hereby authorizes the Collateral Agent to accept, as its representative (Stellvertreter), any German Security created in favor of such Secured Creditor.

German Security means any security interest created under the Collateral Documents governed by German law) in addition to the provision set out in this Section 9 above, the specific provisions set out in paragraphs (b) to (g) of this Section 9.11 shall be applicable. In the case of any inconsistency, the provisions set out in paragraphs (b) to (g) of this Section 9.11 shall prevail. The provisions set out in paragraph (b) to (g) of this Section 9.11 shall not constitute a trust pursuant to the laws of the State of New York but a fiduciary relationship (Treuhand) within the meaning of German law.

Examples of German Security in a sentence

The Assignee confirms that it is aware of the contents of the German Security Agreements.
The Collateral Agent shall further be entitled to rescind, amend and/or execute new and different documents securing such German Security.
The Parties hereby give their consent for the transfer of all rights and obligations of the Secured Party to any successor security trustee appointed pursuant to the German Security and Security Trust Agreement (the "Successor Secured Party"), and the Parties, including without limitation the Secured Party, shall execute any document necessary to assign rights and obligations of the Secured Party to the Successor Secured Party.
The Depo Bank is hereby notified of the existence of the security interest in the Issuer-Owned Bonds held on the Issuance Account granted pursuant to the German Security and Security Trust Agreement to the Secured Party and acknowledges such security interest.
In the event of non-payment of premium, this Policy may at the sole discretion of the Insurer be cancelled by written notice to the Insureds and [●] [or replacement German Security Trustee], stating when (not less than thirty (30) days thereafter) the cancellation shall be effective.

German Security means any security interest created under the Security Documents which are governed by German law.

German Security means any security assumed and accepted by or through the Security Agent or the Finance Parties, as the case may be, pursuant to any Security Document governed by German law and held or administered by the Security Agent on behalf of or in trust for the Finance Parties hereunder and any addition or replacement or substitution thereof.

German Security means any security interest created under the Security Documents which are governed by German law), the Collateral Agent shall in case of German Security constituted by non–accessory (nicht akzessorische) security interests, hold, administer and, as the case may be, enforce or release such German Security in its own name, but for the account of the Secured Creditors.

German Security means any security assumed and accepted by or through the Administrative Agent or any Secured Party, as the case may be, pursuant to any German Security Document and held or administered by the Administrative Agent on behalf of or in trust for the Secured Parties and any addition or replacement or substitution thereof.

German Security has the meaning set forth in Section 9.01(d).

German Security shall have the meaning provided in Section 12.13(b).