Security Cession definition

Security Cession means the cession in security (assuming the pledge construction), as set out in clause 22.5(2) below.

Security Cession means an agreement in terms of which You cede Your rights to the Contract as security for Your obligation to the Security Cessionary. A Contract may not be partially ceded as a Security Cession and must be ceded in its entirety.

Security Cession means an agreement in terms of which the Investor cedes its rights to the Contract as security for its obligation to the Security Cessionary. For the avoidance of doubt, a Contract may not be partially ceded as a Security Cession and must be ceded in its entirety.

Examples of Security Cession in a sentence

• We refer to the Security Cession (a copy of which is attached for your records).

• Once received, the Administrator will note the Security Cession and confirm this in writing.

• You are entitled to cede this Contract as a Security Cession to a natural person or legal entity.

• If ceded as a Security Cession the Administrator will require a copy of the Security Cession.

• The Security Cession may be cancelled once the Administrator has been notified in writing by the Security Cessionary.

More Definitions of Security Cession

Security Cession means the cession in securitatem debiti contemplated by this Agreement;

Security Cession means the pledge and cession in securitatem debiti contemplated by this Agreement;

Security Cession is an agreement whereby you provide the contract as security for your obligation to the Security Cessionary. For the avoidance of doubt, the Security Cession may only be in full.

Security Cession means the cession in securitatem debiti granted by the Cedent in favour of the South African Finance Parties pursuant to this Agreement;

Security Cession means: 26.1.1 in respect FPI, the written agreement entitled "Cession in Security" entered into between FPI and the Mortgage Bond SPV on 13 June 2006, as amended, pursuant to which FPI cedes in security to the Mortgage Bond SPV, as security for its obligations under the Counter Indemnity Agreement to which it is a party, its rights, title and interest in and to the Tenant Lease Agreements, the Lease Payments and other claims against Tenants under such Tenant Lease Agreements, the Rent Collections Accounts and all monies in such bank accounts from time to time, the Property Management Agreements, the Insurance Policies and Insurance Proceeds and the Related Security in respect of each Property (all as defined therein); and 26.1.2 in respect of each other Obligor that is party to a Counter-Indemnity Agreement, the agreement entered into between that Obligor and the Mortgage Bond SPV, pursuant to which that Obligor cedes in security to the Mortgage Bond SPV, as security for its obligations under the Counter Indemnity Agreement to which it is a party, its rights, title and interest in and to the Tenant Lease Agreements, the Lease Payments and other claims against Tenants under such Tenant Lease Agreements, the Rent Collections Accounts and all monies in such bank accounts from time to time, the Property Management Agreements, the Insurance Policies and Insurance Proceeds and the Related Security in respect of each Property (all as defined therein);

Security Cession means the cession in securitatem debiti and pledge contemplated by this Agreement;

Security Cession means: 2.2.82.1 a cession and pledge in security by the Borrower in favour of the Finance Parties on a joint and several basis of the Subsidiaries’ Shares, the Borrower’s right, title and interests in and to the Subsidiaries’ Loans and the Borrower’s right, title and interest in and to the Deposit Account and all monies or amounts then or at any time hereafter standing to the credit of the Deposit Account and all rights relating or attaching thereto, including the right to interest; and 2.2.82.2 a cession and pledge in security by ARMgold in favour of the Finance Parties on a joint and several basis, of ARMgold’s Shares in and claims against ARMgold/Harmony Joint Investment Company (Proprietary) Limited and ARMgold/Harmony Freegold Joint Venture Company (Proprietary) Limited;