Monetary Claims definition
Examples of Monetary Claims in a sentence
If an Enforcement Event is not continuing, the proceeds of the realisation of the Monetary Claims shall, subject to any restriction on the application of such proceeds contained in this Debenture or in the Principal Finance Documents, be dealt with freely by the Chargor.
Subject to the terms of the Principal Finance Documents and Clauses 9 (Accounts) and 10 (Monetary Claims), if an Enforcement Event is not continuing the Chargor shall be entitled to pay into, receive, withdraw or otherwise transfer any credit balance from time to time on any Account, unless such withdrawal or transfer would cause an Enforcement Event to occur.
Unless the Hypothecary Representative has given its prior written consent, the Grantor shall not cause or permit any person other than Desjardins and the Hypothecary Representative to have control (in accordance with Article 2713.1 and following of the Civil Code of Québec) of any Monetary Claims forming part of the Charged Property.
After the occurrence of an Event of Default (which is continuing), the Company shall not, except with the prior written consent of the Security Trustee, be entitled to withdraw or otherwise transfer the proceeds of the realisation of any Monetary Claims standing to the credit of any Account.
Notwithstanding anything contained in this Debenture or the Indenture, at any time before the Collateral Agent has given notice to the Chargors and to the relevant third parties of the occurrence of an Event of Default which is continuing, unremedied and unwaived, each Chargor shall have the exclusive right to exercise all rights, powers and remedies in relation to its Monetary Claims.
The Chargor hereby assigns and agrees to assign absolutely as beneficial owner with full title guarantee to the Security Agent as trustee for the Secured Parties as security for the payment and discharge of the Secured Obligations, by way of security with first ranking priority, all the Chargor’s right, title and interest from time to time in and to the Insurance Policies and all Monetary Claims and Related Rights in relation thereto.
Save to the extent provided otherwise in the Credit Agreement and save for credit discounts granted in the ordinary course of business by the relevant Company exercising its reasonable business judgment, each Company at any time during the subsistence of the Debenture, without the prior written consent of the Security Agent shall not factor or discount any of the Monetary Claims or enter into any agreement for such factoring or discounting.
The Chargor charges, by way of first fixed charge, all of its rights, title and interest from time to time in and to its Monetary Claims (other than any claims which are otherwise subject to a fixed charge or assignment (at law or in equity) pursuant to this Debenture) and all Related Rights (to the extent not already charged under this Clause 4.5).
Each Chargor charges, by way of first fixed charge, all of its rights, title and interest from time to time in and to its Monetary Claims (other than any claims which are otherwise subject to a fixed charge or assignment (at law or in equity) pursuant to this Debenture) and all Related Rights (to the extent not already charged under this Clause 4.5).
The entry into this Deed by each Chargor shall constitute written notice to that C▇▇▇▇▇▇ (and acknowledgment by it of the same) of any Transaction Security created pursuant to this Deed over any Monetary Claims owed by that C▇▇▇▇▇▇ to any other Chargor on the date of this Deed.