Examples of Security Arrangement in a sentence
The Trustee may terminate any Advance Security Arrangement established by it only if and when (i) the existence of such Advance Security Arrangement is no longer necessary for the Trustee to satisfy the eligibility requirements of Section 8.06 or (ii) when such Trustee resigns or is removed as Trustee hereunder.
Before the transaction was approved by CFIUS, however, Alcatel-Lucent was required to agree to a national security arrangement, known as a Special Security Arrangement, or SSA, that restricts Alcatel’s access to sensitive work done by Lucent’s research arm, Bell Labs, and the communications infrastructure in the United States.
Words and expressions defined in the Security Arrangement Agreement have the same meanings when used in this Deed.
This provision shall not be construed to limit the Borough’s right to payment from the Entity, nor shall the priority of such payments be affected by the Secured Party exercising its rights under any applicable Security Arrangement.
However, in the event that the proceeds raised from the disposal of the Charged Assets under the Proposed Security Arrangement is less than the book value of the Charged Assets, the Company may recognise a loss on disposal.