Second Security Agreements definition
Second Security Agreements means each of the Amended and Restated Second Security Agreements, in substantially the form of the attached Exhibit H, executed by each of the Borrower and its Subsidiaries, as the same may be amended, modified, or supplemented from time to time.
Second Security Agreements means the security agreements listed in Schedule 2 (Security Agreements) as the second security agreements.
Second Security Agreements means the second priority security agreements for each Unit in respect of (i) the assignment of Earnings (including any guarantee received by a Group Contract Party as security for the payment of Earnings), (ii) all insurances to be taken out in respect of the relevant Unit and (iii) the pledge of the relevant Earnings Account, to be entered into between each Group Contract Party and the Agent as security for the obligations of the relevant Group Contract Party under the Finance Documents in relation to the Junior Facilities, substantially in the form set out in Appendix 1 (Form of First Security Agreement), but including provisions effecting the junior ranking thereof.
Examples of Second Security Agreements in a sentence
However, the more general description of the personal property used in the First and Second Security Agreements and in the First and Second Financing Statements is consistent with that commonly used by major lenders in California and, although the matter is not free from doubt, should be held by a California court to be sufficient to create a security interest in the personal property described therein.
The notices of assignment and acknowledgements and consents required to be executed under the Second Security Agreements, duly executed.
More Definitions of Second Security Agreements
Second Security Agreements means the security agreements listed in Schedule 2 (Security Agreements) as the second security agreements. "Security" means the First Security or the Second Security. "Security Interest" means a mortgage, charge, pledge, lien or other security interest securing any obligation of any person or any other agreement or arrangement having a similar effect. "Subsidiary" means any person (referred to as the "first person") in respect of which another person (referred to as the "second person"):
Second Security Agreements means the second priority security agreements and/or deeds of assignment for each Unit in respect of (i) the assignment of Earnings (including any guarantee received by a Group Contract Party as security for the payment of Earnings), (ii) all insurances to be taken out in respect of the relevant Unit and (iii) the pledge of the relevant Earnings Account, entered into or to be entered into between each Group Contract Party (other than with effect from the Restructuring Implementation Date, Ocean Rig 2 AS and Ocean Rig Norway AS) and the Agent as security for the obligations of the relevant Group Contract Party under the Finance Documents in relation to the Junior Facilities, if entered into, as a Norwegian law security agreement, substantially in the form set out in Appendix 1 (Form of First Security Agreement), but including provisions effecting the junior ranking thereof, and if entered into as an English law deed of assignment, in such form as the Agent may require.