Security Accession Deed definition

Security Accession Deed means a deed executed by any other Group Company substantially in the form set out in Schedule 6 (Form of Security Accession Deed), or such other form as the Parent and the Security Agent may reasonably agree.

Security Accession Deed means a deed executed by a company substantially in the form set out in Schedule 2 (Form of Security Accession Deed), or in any other form which is agreed between the relevant Chargor and the Administrative Agent, and in each case reasonably satisfactory to the Administrative Agent.

Security Accession Deed means the Deed of Accession (as defined in the Security Agreement) pursuant to which Holdco becomes an Additional Chargor (as defined in the Security Agreement).

Examples of Security Accession Deed in a sentence

• Porterbrook Leasing Mid Company Limited became a Charging Company (as defined in the Debenture) under the Debenture pursuant to a Security Accession Deed dated 16 September 2009.

• Delivery of a Security Accession Deed constitutes confirmation by the New Chargor that the representations and warranties contain in Clause 7 (Representations and warranties) are true and correct to the extent applicable to it as at the date of delivery as if made by reference to the facts and circumstances then existing.

• This guarantee does not apply to any liability to the extent that it would result in this guarantee constituting unlawful financial assistance under any applicable provisions under the laws of the jurisdiction of incorporation of the relevant Chargor and, with respect to any New Chargor, is subject to any limitations set out in the Security Accession Deed applicable to that New Chargor.

• Each Chargor confirms that the execution of any Security Accession Deed by a member of the Group will in no way prejudice or affect the security granted by each of them under (and the covenants given by each of them in), this Debenture and that this Debenture shall remain in full force and effect as supplemented by any such Security Accession Deed.

• The Interim Security Agent shall, subject to being satisfied that it has completed all necessary “know your customer” or other similar checks under all applicable laws and regulations in relation to the relevant member of the Group, upon receipt of a Security Accession Deed duly executed and delivered to the Interim Security Agent by such member of the Group, countersign the Security Accession Deed.

• E.g. mass bycatch incidents, unusual species bycatch etc.☐ Yes☒ NoIf you answer is yes, please provide details.

• Generally speaking, the embedded null subject can be coindexed with either the matrix subject (the subject-reading) or the empty discourse topic (the topic-reading) (see (28)).

• This guarantee does not apply to any liability to the extent that it would result in this guarantee constituting unlawful financial assistance under any applicable provisions under the laws of the jurisdiction of incorporation of any Chargor and, with respect to any New Chargor, is subject to any limitations set out in the Security Accession Deed applicable to that New Chargor.

• Any asset of a Chargor which is excluded from the Security created by or pursuant to this Debenture or any Security Accession Deed pursuant to paragraph(a) above shall, upon ceasing to be an Excluded Asset, become subject to the Security created by this Debenture or the relevant Security Accession Deed.

• PRINCIPLE 6: RECOGNISE AND MANAGE RISKS The risk management and internal control system is regularly reviewed by management and relevant recommendations are made to the Audit Committee and Board for approval.

More Definitions of Security Accession Deed

Security Accession Deed means a deed executed by a Group Company substantially in the form set out in Schedule 10 (Form of Security Accession Deed) in terms satisfactory to the Secured Party and the PPF.

Security Accession Deed means the deed of accession dated 28 June 2023 pursuant to which Xxxxxx acceded to the Security Agreement as an Additional Chargor (as defined in the Security Agreement).

Security Accession Deed means a deed executed by a Group Company substantially in the form set out in Schedule 10 (Form of Security Accession Deed), with those amendments which the lender may approve or reasonably require. Security Assets means, in relation to a Chargor, all of its assets which are the subject of any Security created or to be created by this Debenture.

Security Accession Deed means a deed executed by a member of the Group substantially in the form set out in Schedule 6 (Form of Security Accession Deed), with those amendments which the Interim Security Agent may approve or reasonably require.

Security Accession Deed means a deed executed by a member of the Group substantially in the form set out in schedule 10 (Form of Security Accession Deed); and