Master Security Agreement definition

Master Security Agreement means the agreement between the State, the Authority, the Company, the Agent and the Sponsors relating, among other things, to the priority of the Financiers' Securities and the Fixed and Floating Charge;

Master Security Agreement shall have the meaning provided thereto in Section 5 hereof.

Master Security Agreement means the Security Agreement executed by Borrower and each Guarantor in favor of Agent for the ratable benefit of the Banks.

Examples of Master Security Agreement in a sentence

• The Holder has been granted a security interest (i) in certain assets of the Borrower and its Subsidiaries as more fully described in the Master Security Agreement dated as of the date hereof and (ii) pursuant to the Stock Pledge Agreement dated as of the date hereof.

• The Company fails to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or the Company fails to pay any of the other Obligations (under and as defined in the Master Security Agreement) when due, and, in any such case, such failure shall continue for a period of three (3) days following the date upon which any such payment was due.

• LV Administrative Services, Inc., as Agent, for the benefit of the Payee, has been granted a security interest in certain assets of the Maker and PetroAlgae, as more fully described in (i) the Master Security Agreement and (ii) the Equity Pledge Agreement, dated as of July 24, 2009 by the Guarantor in favor of Agent for the benefit of Payee.

• The Maker fails to pay on demand hereunder any principal, interest or other fees hereon in accordance with the terms herewith, or the Maker fails to pay any of the other Obligations (as defined in the Amended and Restated Master Security Agreement, dated as of July 24, 2009, by and between LV Administrative Services, Inc., as Agent (in its capacity as administrative and/or collateral agent, the “Agent”), the Maker and PetroAlgae Inc.

• If, under clause 4.9 or 11 of the Master Security Agreement (within the meaning of the Agreement), the State or the Commission is required to pay an amount, the amount (not exceeding, in the case of a payment under clause 11, the amount received by or on behalf of the State for the issue of a new casino licence) is payable from the Consolidated Fund which is, to the necessary extent, appropriated accordingly.

More Definitions of Master Security Agreement

Master Security Agreement means that certain Master Security Agreement dated as of April 5, 2011, by and between the Company and Brainlab and any amendments thereto.

Master Security Agreement means that certain Master Security Agreement dated as of the Closing Date made by the Company and the Eligible Subsidiary in favour of Laurus, as the same may be amended, restated, modified and/or supplemented from time to time;

Master Security Agreement the Master Security Agreement to be made by the Borrower and each Subsidiary Guarantor in favor of the Administrative Agent, in substantially the form of Exhibit B, as the same may be amended, supplemented or otherwise modified from time to time.

Master Security Agreement. 22 means the agreement of even date between the State, the Authority, the Company, the Agent and the Sponsors relating, among other things, to the priority of the Encumbrances given by the Company;

Master Security Agreement means the Security Agreement, dated as of February 24, 2000, among the Corporation, GE Capital Corporation, as agent, and the financial institutions named therein, and related documents, each as amended or otherwise modified from time to time, and any renewal, extension, refinancing or replacement (or successive renewals, extensions, refinancings or replacements) thereof.

Master Security Agreement means, collectively, a master security agreement executed and delivered by the Borrower in favor of the Initial Letter of Credit Issuer and the Authority pursuant to which a first priority security interest is created under Chapter 9 of the Commercial Transactions Law of Puerto Rico with respect to: (i) any and all-tangible personal property, including fixtures used by the Borrower at or in, connection with the Project, whether now owned or hereafter acquired; (ii) any buses, limousines or other motor vehicles of the Borrower and used at or in connection with the Project, whether now owned or hereafter acquired; (iii) accounts receivable of the Borrower now existing or hereafter obtained in connection with the Project; and (iv) all collateral assigned to the Authority and the Initial Letter of Credit Issuer pursuant to the Assignment of Depository Accounts, the Assignment of Contracts, the Assignment of Rents and the Assignment of Depository Accounts (FF&E).

Master Security Agreement means a Master Security Agreement by the Company in favor of TDF and the Issuer in form and substance acceptable to TDF and creating a security interest under the UCC with respect to (i) any and all tangible and intangible personal property, including fixtures, purchased by the Company for use at or in connection with the Project which is now owned or hereafter acquired by the Company, (ii) any buses, limousines or other moving vehicles purchased by the Company for use at or in connection with the Project which is now owned or hereafter acquired by the Company, (iii) all accounts receivable now existing or hereafter obtained in connection with the Project, and (iv) all of the collateral assigned to TDF pursuant to the Assignment of Contracts, Assignment of Depository Accounts, Assignment of Depository Accounts (Capital Improvements), and Assignment of Rents.