Secured Sums definition

Secured Sums means all moneys and liabilities (whether actual or contingent) which are now or may at any time hereafter be due, owing or payable, or expressed to be due, owing or payable, to SEOCH from or by the SEOCH Participant under or in connection with any contract, agreement or arrangement including, without limitation, any OCH Contract, the agreement between SEOCH and the SEOCH Participant relating to SEOCH Participantship required to be entered into under the Clearing Rules, the Clearing Rules, the Options Trading Rules, the Operational Trading Procedures, the Operational Clearing Procedures or this deed, together with all legal and other costs, charges and expenses which SEOCH may incur in enforcing or obtaining, or attempting to enforce or obtain, payment or discharge of any such moneys and liabilities.

Secured Sums shall have the meaning defined in Section 2 herein.

Secured Sums means all money and liabilities now or in the future due, owing or incurred to you by the Borrower under or in connection with the Mortgage Documents, whether actually or contingently and whether alone or together with any other person, together with all interest, fees and all other costs, charges and expenses for which the Borrower may be or become liableto you;

Examples of Secured Sums in a sentence

• SEOCH may at any time, without notice to the SEOCH Participant and without prejudice to any of SEOCH's other Rights, set off any Secured Sums which are due and unpaid against any obligation (whether or not matured) owed by SEOCH to the SEOCH Participant, and, if applicable, for that purpose SEOCH may convert one currency into another at the rate of exchange determined by SEOCH in its absolute discretion to be prevailing at the date of set-off.

• The Charge shall be a continuing security for the Secured Sums and shall not be satisfied, discharged or affected by any intermediate payment or settlement of account (whether or not any Secured Sums remain outstanding thereafter) or any other matter or thing whatsoever.

• If the SEOCH Participant requests SEOCH to release the Charged Property following any payment or discharge made or Security Interest or guarantee given in relation to the Secured Sums by a person other than the SEOCH Participant (a "Relevant Transaction"), SEOCH or SEOCH's nominee shall be entitled to retain this deed and shall not be obliged to release the Charged Property until the expiry of the Retention Period in relation to that Relevant Transaction.

• The Charge shall be in addition to and shall not be prejudiced by any other Security Interest or any guarantee or indemnity or other document which SEOCH may at any time hold for the payment of the Secured Sums.

• For all purposes, including any Proceedings, a copy of a certificate signed by an officer of SEOCH as to the amount of any indebtedness comprised in the Secured Sums for the time being shall, in the absence of manifest error, be conclusive evidence against the SEOCH Participant as to the amount thereof.

More Definitions of Secured Sums

Secured Sums means all money and liabilities covenanted to be paid or discharged by the Chargor to Agent on behalf of the Lender Group under Clause 2.1 (Covenant to Pay);

Secured Sums means all money and liabilities covenanted and/or guaranteed to be paid or discharged by the Charging Companies to the Security Agent and the Beneficiaries under clause 2.1 (Covenant to Pay);

Secured Sums means all present and future obligations and liabilities (whether actual or contingent and whether incurred jointly or severally and whether as principal or surety or in any other capacity whatsoever and whether incurred originally by a Chargor or by some other person) of each Chargor to all or any of the Beneficiaries under each or any of the Finance Documents, in each case together with:

Secured Sums all money and liabilities now or in the future due, owing or incurred to the Issuing Bank by the Chargor under the Facility Letter, any Guarantees issued under the Facility Letter and this Deed whether actually or contingently and in whatever name or style, together with all interest, discount, commission, fees, charges, costs and expenses for which the Chargor or the Beneficiary may be or become liable to the Issuing Bank; and

Secured Sums all money and liabilities covenanted to be paid or discharged by the Borrower under the Credit Agreement including without limitation all “Indebtedness” as defined in the Credit Agreement;

Secured Sums means each amount agreed or determined as due to the DPA Counterparty under Paragraph 2.4 (Project Gain Share with the DPA Counterparty);

Secured Sums means amounts expressed to be due owing and payable (including, without limitation, any obligation under any guarantee or any obligation to provide collateral) by XCE under any of the Loan Documents (as amended, restated, supplemented or otherwise modified from time to time) or under any promissory note issued by XCE pursuant to the Credit Agreement (as amended, restated, supplemented or otherwise modified from time to time). These include amounts and obligations currently due, those due in the future and those which may become due.