Interim Security definition
Examples of Interim Security in a sentence
Without prejudice to the above, the Interim Security Agent may allow any bank providing safe custody services or any professional adviser to the Interim Security Agent to retain any of those documents in its possession.
The Interim Security Agent is not obliged to hold in its own possession any Interim Security Document, title deed or other document in connection with any asset over which a Security Interest is intended to be created by an Interim Security Document.
If there is any conflict between the provisions of this Agreement and any Interim Security Document with regard to instructions to or other matters affecting the Interim Security Agent, this Agreement will prevail.
Without prejudice to the generality of the foregoing, the Interim Security Agent may exercise or refrain from exercising any of its rights and remedies independently in respect of different parts of the Collateral.
The Interim Security Agent may, in priority to any payment to the other Interim Finance Parties, indemnify itself out of the assets the subject of the Security Documents in respect of, any pay and retain, all sums necessary to give effect to the indemnity in this Clause 13.3 and shall have a lien on the proceeds of the enforcement of any Security Interest created under the Security Documents for all monies payable to it.
Each of the parties to this Agreement agrees that the Interim Security Agent shall have only those duties, obligations and responsibilities expressly specified in this Agreement or in the Security Documents (and no others shall be implied).
PSI's security procedures include a default Interim Security Policy for new intranet sites, security policy planning before the sites are integrated into an intranet, verification of identity of the customer technical contact before requests for changes are accepted, and sign-off by the customer technical contact of implementation plans before changes are implemented Additionally, PSI's Net Abuse policy shall apply to all IXC customers.
The Interim Security Agent may at any time assign or otherwise transfer all or any part of its rights and obligations under this Agreement in accordance with the Interim Documents.
Please acknowledge receipt of this notice by signing the acknowledgement on the enclosed copy letter and returning the same to the Interim Security Agent at [•] marked for the attention of [•].
Subject to the terms of the Interim Documents, the Interim Security Agent shall be entitled to disclose such information concerning the Grantor and this Agreement as the Interim Security Agent considers appropriate to any actual or proposed direct or indirect successor or to any person to whom information may be required to be disclosed by any applicable law.