Onshore Security Agent definition

Onshore Security Agent means HSBC Bank Middle East Limited. "Outstanding Bonds" means any Bonds not redeemed or otherwise discharged. "Original Guarantor" means the Parent.
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Onshore Security Agent means the Person acting in that capacity under a Common Terms Agreement between the Company and the Finance Parties for, and insuring the interests of, the Finance Parties, and includes its successors from time to time.
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Onshore Security Agent and “Finance Party” shall, where the context permits, include their respective successors and permitted assigns and any persons deriving title under them.
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Examples of Onshore Security Agent in a sentence

  • Pursuant to the terms of the main financing security documents, the Group granted security over its assets and rights to the Onshore Security Agent and Offshore Security Trustee and Agent, each of which will hold such security for the benefit of the secured parties.

  • MRC facility Facility Agent, SABB Securities Limited acts as Onshore Security Agent and Riyadh Bank, London Branch acts as Offshore Security Trustee and Agent.

  • The address and e-mail address of the Onshore Security Agent for all notices under or in connection with this policy are those notified from time to time by the Onshore Security Agent for this purpose to the Borrower.

  • The Lessor shall not be entitled to make any claim against the Onshore Security Agent or the Nominated Company in respect of any liability which accrued prior to the date of the Warning Notice or Enforcement Notice and which is not notified to the Onshore Security Agent in the Notice of Outstanding Liabilities.

  • Neither the Facility Agent, the Offshore Security Agent nor the Onshore Security Agent shall be deemed to be a trustee of any Finance Party except as specified in the Finance Documents nor shall be deemed to be an agent or trustee of the Borrower for any purpose except as specified in Clause 22.6. The Facility Agent, the Offshore Security Agent and the Onshore Security Agent shall have no duties or obligations except those expressly set out in the Finance Documents.

  • Collectively, the Offshore Security Agent and the Onshore Security Agent are referred to as the Security Agents.

  • The Company shall pay to the Onshore Security Agent (for its own account) a security agency fee in the amount and at the times agreed in a Fee Letter.

  • Upon the exercise of any right of step-in or substitution (a “Step in Company”) (each shall be referred as the “Obligor”) in accordance with Article 23.5 (Step-in Rights of Financing Parties) of the BOT Contract and the MOIT A&C, the BOT Company or the Onshore Security Agent shall notify the Lessor and, upon receipt by the Lessor of such notice , this shall automatically oblige the Lessor to accept the Financing Parties’ step in or substitution under this Acknowledgement and Consent.

  • HSBC Bank Egypt S.A.E. is acting as working capital bank and Onshore Security Agent.

  • It is agreed that the Insureds shall be entitled by virtue of the Contract (Rights of Third Parties) Xxx 0000 to enforce the benefit of paragraphs 4, 5, 10, 11 and 12 of this endorsement and to permit the Onshore Security Agent to enforce directly the benefit of paragraphs 9, 13, 15 and 18 of this endorsement.


More Definitions of Onshore Security Agent

Onshore Security Agent has the meaning given to that term in the Common Terms Agreement.
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Onshore Security Agent means HSBC Bank Middle East Limited.
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Onshore Security Agent means PT. Bank Mizuho Indonesia and its successors.
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Related to Onshore Security Agent

  • Indenture Secured Parties means the Noteholders.

  • indenture securityholder means a Securityholder.

  • indenture security holder means a Noteholder.

  • indenture securities means the Notes.

  • obligor on the indenture securities means the Company or any other obligor on the Securities. All other terms used in this Indenture that are defined by the TIA, defined in the TIA by reference to another statute or defined by SEC rule have the meanings therein assigned to them.

  • Permitted Cure Security means an equity security of the Borrower having no mandatory redemption, repurchase or similar requirements prior to 91 days after the Latest Maturity Date of all Classes of Loans or Commitments, and upon which all dividends or distributions (if any) shall be payable solely in additional shares of such equity security.

  • on the indenture securities means the Issuer and any other obligor on the indenture securities. All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by Commission rule have the meaning assigned to them by such definitions.

  • other indenture securities means securities upon which the Company is an obligor (as defined in the Trust Indenture Act) outstanding under any other indenture (i) under which the Trustee is also trustee, (ii) which contains provisions substantially similar to the provisions of this Section 613, and (iii) under which a default exists at the time of the apportionment of the funds and property held in such special account;

  • Permitted Cure Securities means any equity securities of the Borrower, Holdings or any Parent Entity issued pursuant to the Cure Right other than Disqualified Stock.

  • indenture to be qualified means this Indenture.

  • Delaware Secretary means the Secretary of State of the State of Delaware.

  • Guarantor Request and "Guarantor Order" mean, respectively, a written request or order, as the case may be, signed in the name of the Guarantor by the Chairman of the Board, a Vice Chairman, the President or a Vice President, and by the Treasurer or an Assistant Treasurer, the Secretary or an Assistant Secretary, of the Guarantor and delivered to the Trustee.

  • Obligor on the indenture securities means the Company and any other obligor on the indenture securities. All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule have the meanings assigned to them by such definitions.

  • Second Priority Representative means (i) in the case of the Initial Second Priority Debt Facility covered hereby, the Initial Second Priority Representative and (ii) in the case of any Second Priority Debt Facility and the Second Priority Debt Parties thereunder the trustee, administrative agent, collateral agent, security agent or similar agent under such Second Priority Debt Facility that is named as the Representative in respect of such Second Priority Debt Facility in the applicable Joinder Agreement.

  • Institutional means land, buildings, structures or any part thereof used by any organization, group or association for promotion of charitable, educational or benevolent objectives and not for profit or gain;

  • Reference Security means the security specified as such in the relevant Final Terms. If a Reference Security is no longer outstanding, a Similar Security will be chosen by the Quotation Agent at 11:00 a.m. (CET) on the third Business Day preceding the Make-whole Redemption Date, quoted in writing by the Quotation Agent to the Issuer and published in accordance with Condition 12 (Notices).

  • Designated Second Priority Representative means (i) the Initial Second Priority Representative, until such time as the Second Priority Debt Facility under the Initial Second Priority Debt Documents ceases to be the only Second Priority Debt Facility under this Agreement and (ii) thereafter, the Second Priority Representative designated from time to time by the Second Priority Instructing Group, in a notice to the Designated Senior Representative and the Company hereunder, as the “Designated Second Priority Representative” for purposes hereof.

  • U.S. Security Agreement means the security and pledge agreement, dated as of the Original Closing Date (as amended, restated, supplemented or otherwise modified from time to time), executed in favor of the Administrative Agent and the other “Secured Parties” described therein by each of the Loan Parties party thereto.

  • UK Security Agreement means each of the security documents expressed to be governed by the laws of England (as modified, supplemented, amended or amended and restated from time to time) covering certain of such UK Loan Party’s present and future UK Collateral.

  • International Borrower In connection with any Mortgage Loan, a borrower who is (a) a United States citizen employed in a foreign country, (b) a non-permanent resident alien employed in the United States or (c) a citizen of a country other than the United States with income derived from sources outside the United States.

  • Notes Secured Parties means the Secured Noteholders, the Notes Collateral Agent and the Notes Trustee.

  • Second Priority Lien means the Liens on the Second Priority Collateral in favor of Second Priority Debt Parties under Second Priority Collateral Documents.

  • Second Priority Secured Parties means the Second Priority Representative, the Second Priority Creditors and any other holders of the Second Priority Obligations.

  • ABL Security Agreement means the Security Agreement (as defined in the ABL Credit Agreement).

  • Security and Pledge Agreement shall have the meaning set forth in Section 4.01(c).

  • Institutional Holder means any insurance company, bank, savings and loan association, trust company, investment company, charitable foundation, employee benefit plan (as defined in ERISA) or other institutional investor or financial institution.