Secured Interest definition

Secured Interest is defined in Section 2.1(a).

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Secured Interest has the meaning given to such term at Clause 2.1(a) (Consent to Assignment).

Secured Interest has the meaning set forth in Section 8.03.

Examples of Secured Interest in a sentence

• The requirement for a Lender’s policy of title insurance shall apply to any Secured Interest encumbering real property interests delivered or to be delivered to SCE under the terms of this Power Purchase Agreement.

• Notwithstanding the foregoing, Seller shall not be required to provide a Secured Interest in the Site or in such real and personal property rights, contractual rights or other rights that Seller requires in order to construct or Operate the Generating Facility (or portions thereof) if such encumbrance is expressly prohibited or consent to encumber is required by Seller’s underlying rights to the Site or is prohibited by any Applicable Law, and Seller shall provide evidence to SCE of such prohibition.

• Each Lender and Issuing Bank (including in their capacities as potential Lender Counterparties party to a Secured Interest Rate Agreement and potential Cash Management Banks party to a Cash Management Agreement) hereby further authorizes Administrative Agent or Collateral Agent, as applicable, on behalf of and for the benefit of Lenders, to be the agent for and representative of Lenders with respect to the Guaranty, the Collateral and the Collateral Documents.

• Any Credit Extension may be made to Borrowers or continued from time to time, and any Secured Interest Rate Agreements and Cash Management Agreements may be entered into from time to time, in each case, without notice to or authorization from any Guarantor regardless of the financial or other condition of any Borrower at the time of any such grant or continuation or at the time such Secured Interest Rate Agreement or Cash Management Agreement is entered into, as the case may be.

• The Borrower will furnish to the Administrative Agent, the Collateral Agent and the Lender, promptly after the same become effective, all confirmations executed pursuant to any Permitted Secured Interest Rate Hedge.

More Definitions of Secured Interest

Secured Interest includes any mortgage, charge, assignment with equity of redemption, encumbrance, lien, pledge, trust, sale and leaseback or buyback arrangement, hire purchase, financial lease, retention of title, and any other arrangement by which a creditor obtains security over an asset or contingent asset of a company, and includes any such interest imposed on or suffered by a company by court order or otherwise by law. Definitions in the Principal Agreement: In this Agreement, any term not defined in this Agreement but which is defined in the Principal Agreement will, unless the context otherwise requires, have the meaning given to that term in the Principal Agreement.

Secured Interest shall refer to a security interest in all assets of the Epixtar Companies subordinate to present security interests, any future institutional financing, accounts receivable financing and private and public debt securities.

Secured Interest and "▇▇▇▇▇ Portion TPn" as defined therein (such amendment to be subject to, and revised to comply with, the limitations set forth in Section 42.4(b)(i)-(ii)), provided that (I) the timing and quantum of such increases with respect to both principal and interest shall be made in accordance with the terms of the Concessionaire's Phase 1 Excess Financing Amount financing and (II) the increased "▇▇▇▇▇ Portion TPn" shall not exceed the "Maximum Annual ▇▇▇▇▇ Portion" (each as defined in Table 4 of Part H (▇▇▇▇▇ Secured Payments) of Attachment 11 (Service Payments)) in any Contract Year; (y) the Base Annual Service Payments will be adjusted (upward or downward) to reflect the financial impact of the actual change, if any, in the cost of raising the Phase 1 Excess Financing Amount, on the ability to achieve the Base Case Equity IRR, the same debt service coverage ratio, the same Debt to Equity Ratio and other reasonable and customary financial ratios as set forth in the Financial Model; and (z) the Principal Limit and the Total Limit will be adjusted in accordance with Section 30.3(g);

Secured Interest and "security title," as used herein shall include, and Secured Party shall have, all the rights, interests, title, liens, claims and privileges that maybe derived hereunder and under the applicable law of the various states of the United States. Wherever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but it any provision of this Agreement shall be prohibited by or invalid under applicable law, said provision shall be in effect only to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement.

Secured Interest means second charge by way of hypothecation over all moveable assets and properties (available from time to time) of the Company situated in the Company’s Bengaluru cyber park data centre located at 1st & 3rd floor, Cyber Park, Plot no.76, 77 & 78 in Survey number 66 & 67 (Part), Doddathodgur Village, Begur Hobbli, Bangalore South Taluk, Karnataka.

Secured Interest. The Note shall be secured by all of the assets of the Company and shall be senior to all other security interests in the assets of the Company, other than the security interest held by GE Access.

Secured Interest means any mortgage, debenture, charges, Encumbrances, pledges, transfer or any other agreement or arrangement for the provision of security;