New Security Document definition
Examples of New Security Document in a sentence
The parties thereto shall have duly executed the following A&R Loan Documents: (a) this A&R Agreement, (b) the A&R Master Intercompany Agreement, (c) each New Security Document, and (d) each A&R Borrower Note, each of which shall be in full force and effect, and Administrative Agent shall have received sufficient copies of each agreement.
A notarially attested and legalised power of attorney of each of the Security Parties under which the New Security Documents (as applicable) and any documents required pursuant to any such New Security Document is to be executed by the Security Party in question.
Any action taken by the Security Agent under or in relation to this Agreement and/or any New Security Document with the requisite authority, or on the basis of appropriate instructions, received from an Instructing Group or, if required by paragraph (b) of Subclause 10.2 (Competing Instructions to the Security Agent), the Majority Senior Subordinated Banks (or as otherwise duly authorised) shall be binding on all the Secured Creditors.
If the Effective Date does not take place on the Proposed Effective Date, the Finance Parties must, at the request and cost of the Company take whatever action is necessary to release the Obligors (and any other party to a New Security Document other than a Finance Party) from their obligations under the New Security Documents.
Evidence that the prescribed particulars of the New Security Documents (to the extent required) have been delivered to the Registrar of Companies of Hong Kong within the statutory time limit being one month after the date of the relevant New Security Document.
Each of the Borrower and the Guarantor shall ensure that, within one month of the occurrence of the Effective Date, any and all necessary actions to protect, perfect or give priority to each New Security Document are carried out in accordance with the requirements set out in Schedule 1 Part II.
If the Second Effective Date does not take place on the Proposed Second Effective Date, the Finance Parties must, at the request and cost of the Company take whatever action is necessary to release the Obligors (and any other party to a New Security Document other than a Finance Party) from their obligations under the New Security Documents.
A legalised power of attorney of each of the Security Parties under which the New Security Documents (as applicable) and any documents required pursuant to any such New Security Document is to be executed by the Security Party in question.
The Borrower and the Agent designate this Agreement and each New Security Document as Finance Documents.