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

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 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.
Each Lessee acknowledges that the Lessor has transferred or will transfer all of its rights under this Agreement to the German Security Trustee pursuant to the German Security Documents.
The financial data that shall be delivered to the Lessor and the German Security Trustee pursuant to this Sub-Clause 8.5 (Reporting Requirements) shall be prepared in conformity with GAAP.
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.

More Definitions of German Security

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 or guarantee created or expressed to be created under the German Security Documents.

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

German Security means the Collateral that is the subject of any Security Document governed by the laws of Germany.

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

German Security means any Lien assumed and accepted by or through the Collateral Agent or any Lender, as the case may be, pursuant to any German Security Document and held or administered by the Collateral Agent on behalf of or in trust for any Lender under this Agreement and the German Security Documents, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

German Security is defined in Section 11.15.