Jersey Security Law definition
Examples of Jersey Security Law in a sentence
Nothing in this Agreement will create, or be deemed to create, a security interest for the purposes of Article 10 of the Jersey Security Law.
Notwithstanding any other provision of this Agreement, the Senior Lien Agent may, in its sole discretion, make one or more payments into court pursuant to Article 50 of the Jersey Security Law.
The Junior Lien Agent irrevocably waives any present or future right it has to redeem any collateral which is secured pursuant to any Senior Lien Document pursuant to Article 54 of the Jersey Security Law and undertakes that it will not at any time exercise or seek to exercise any such right.
SECURITY Subject, in the case of the Loan Note Issuer Jersey Secured Property, to the Jersey Security Law and without prejudice to the provisions of Clauses 10.1 and 10.2, the Security Trustee shall also have the following powers and duties in relation to the Security.
ON TRUST Subject in the case of the Loan Note Issuer Jersey Secured Property to the Jersey Security Law, for each Series, all moneys received by the Security Trustee in respect of the Security or the Secured Property relating to such Series shall be held by the Security Trustee upon trust to apply the same as provided in the relevant Loan Note Supplement.