Examples of Irish Security Deed in a sentence
A security interest over the Accounts shall be created on the Issue Date under Irish law pursuant to the Irish Security Deed.
However, the Issuer has covenanted in the Trust Deed and the Irish Security Deed not to create any such subsequent security interests (other than those permitted under the Trust Deed) without the consent of the Trustee.
Transaction Documents The Auto Portfolio Purchase Agreement, the ServicingAgreement, the Norwegian Security Agreement, the Irish Security Deed, the Security Trust Deed, the Cross Currency Swap Agreement, the Corporate Administration Agreement, the Transaction Account Agreement, the Issuer Collections Account Agreement, the Note Trust Deed, the Agency Agreement, the Subscription Agreement, the Custody Agreement and any amendments, supplements, terminations or replacements relating to any such documents.
Governing Law The Notes, the Note Trust Deed, the Subscription Agreement and the other Transaction Documents other than the Auto Portfolio Purchase Agreement, the Issuer Collections Account Agreement, the Servicing Agreement, the Norwegian Security Agreement, the Irish Security Deed and the Corporate Administration Agreement will be governed by, and construed in accordance with, English law.
The Auto Portfolio Purchase Agreement, the Corporate Administration Agreement and the Irish Security Deed will be governed by, and construed in accordance with, Irish law.
However, the Issuer has covenanted in the Trust Deed and the Irish Security Deed not to create any such subsequent security interests (other than those permitted under the Trust Deed and the Irish Security Deed) without the consent of the Trustee.
No such other security or guarantee shall have any effect on the existence or substance of the Security Interests granted under or within this Agreement, the English Security Deed or the Irish Security Deed.
Pursuant to the Irish Security Deed, the Issuer has, as a continuing security for the discharge and payment of Transaction Secured Obligations, charged (or to the extent not chargeable, assigns) absolutely by way of first fixed charge to the Security Trustee all of its right, title, interest and benefit, present and future, in and to all of its benefits in the Accounts and the amounts standing to the credit of the Accounts from time to time.
The Trust Agreement, the Irish Security Deed and the English Security Deed each contains provisions for the indemni¢cation of the Trustee and for its relief from responsibility in certain circumstances, including provisions relieving it from instituting proceedings to enforce repayment or to enforce the security constituted by or pursuant to the Trust Agreement or the Security Agreements, unless indemni¢ed and/or secured to its satisfaction against all liabilities it may incur as a result thereof.
The Security Trustee shall foreclose on the Note Collateral upon the occurrence of an Issuer Event of Default on the conditions and in accordance with the terms of the Transaction Security Agreement including, in particular, Clauses 19 (Enforcement of Note Collateral) and 20 (Payments upon Occurrence of an Issuer Event of Default) of the Transaction Security Agreement (see Appendix B) and the terms of the Irish Security Deed.