Security enforced definition

Security enforced a secured party and/or encumbrancer takes possession or a receiver, administrative receiver, administrator, examiner, manager or other similar officer is appointed, of the whole or any part of the undertaking, assets and revenues of the Issuer or a distress or execution is levied; or
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Security enforced a secured party takes possession or a receiver, administrative receiver, administrator, examiner, manager or other similar officer is appointed, of the whole or any part of the undertaking, assets and revenues of the Loan Note Issuer or an enforcement action is begun or execution is levied against any of the assets of the Loan Note Issuer; or
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Security enforced an encumbrancer takes possession or a receiver, manager or other similar officer is appointed of the whole or any substantial part of the undertaking, property, assets or revenues of the Issuer, the Guarantor or any of the Guarantor's Material Subsidiaries or the Subsidiary Guarantors or any of them or any of their respective Material Subsidiaries; or
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Examples of Security enforced in a sentence

  • The Ministry of Labor and Social Security enforced legislation regulating health and safety conditions in a generally effective manner.

  • Events of Default under the Notes include, in relation to the Issuer, (i) Non-payment, (ii) Breach of other covenants, agreements or undertakings, (iii) Cross-acceleration, (iv) Security enforced, (v) Insolvency, (vi) Winding-Up, etc., (vii) Analogous event, (viii) Cessation of business, (ix) Failure to take action, etc., (x) Delisting, (xi) Unlawfulness, all as set out in Condition 9 (Events of Default).

  • In addition, upon the exercise of the option in Condition 4(a) (Covenant Defeasance), Conditions 9(b) (Breach of other obligations), 9(c) (Cross-default of the Issuer, the Co-obligor or Bestsport), 9(d) (Security enforced), 9(e) (Licences) and 9(k) (Unlawfulness or Invalidity) of these Conditions shall cease to apply.

  • Inspectors from both the Ministry of Labor and the Ministry of Social Security enforced labor regulations.

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More Definitions of Security enforced

Security enforced any mortgage, charge, pledge, lien or other encumbrance, present or future, created or assumed by the Issuer or any of its Subsidiaries becomes enforceable and any step is taken to enforce it (including the taking of possession or the appointment of an administrative or other receiver, manager, administrator or other similar person), where the value of the relevant assets (as determined by the Auditors) equals or exceeds U.S.$10,000,000 or its equivalent; or
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Related to Security enforced

  • Security Entitlements means the rights and property interests of an Entitlement Holder with respect to a Financial Asset.

  • law enforcement means the prevention, detection or investigation of terrorist offences or other serious criminal offences;

  • Security Entitlement The meaning specified in Section 8-102(a)(17) of the UCC.

  • Patent Security Agreements means the Patent Security Agreements made in favor of Agent, on behalf of itself and Lenders, by each applicable Credit Party.

  • Law enforcement unit means an individual office, department, division, or other component of an education agency or institution that is officially authorized or designated by that agency or institution to (1) enforce laws or refer matters of law enforcement to appropriate authorities, or (2) maintain the physical security and safety of the agency or institution.

  • Law enforcement agency means an agency of the state, or of a county, municipality, or other political subdivision of the state, that employs peace officers who make traffic stops in the routine performance of the officers' official duties.

  • Support enforcement agency means a public official or agency authorized to seek:

  • Patent Security Agreement means each Patent Security Agreement executed and delivered by Grantors, or any of them, and Agent, in substantially the form of Exhibit B.

  • Local law enforcement agency or "LLEA" means a public or private organization that has been approved by a federal, state, or local government to carry firearms and make arrests, and is authorized and has the capability to provide an armed response in the jurisdiction where the licensed Category 1 or Category 2 quantity of radioactive material is used, stored, or transported.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • Trademark Security Agreements means the Trademark Security Agreements made in favor of Agent, on behalf of Lenders, by each applicable Credit Party.

  • Drug enforcement administration means the drug enforcement

  • Security Collateral with respect to any Granting Party, means, collectively, the Collateral (if any) and the Pledged Collateral (if any) of such Granting Party.

  • Security Interest means any mortgage, pledge, security interest, encumbrance, charge, or other lien (whether arising by contract or by operation of law).

  • Security Code means a sequence of numbers and/or letters or such other codes or procedures, whether generated by a Security Mechanism or otherwise, for use in connection with access to and/or use of the EB Services;

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • Trademark Security Agreement means each Trademark Security Agreement executed and delivered by Grantors, or any of them, and Agent, in substantially the form of Exhibit D.

  • financial assets means (i) cash, (ii) securities, or (iii) a contract of insurance, a deposit or an evidence of a deposit that is not a security for the purposes of securities legislation;

  • Legitimate law enforcement purpose means a goal within the lawful authority of an officer that is to be achieved through methods or conduct condoned by the officer’s appointing authority.

  • Security Account “Software”, and “Supporting Obligations”.

  • Pledges have the meanings given to such terms in Clause 2.1.

  • Security Agreements means the U.S. Security Agreement and the Canadian Security Agreement.

  • Federally enforceable means all limitations and conditions which are enforceable by the administrator, including those requirements developed pursuant to 40 CFR Parts 60 and 61, requirements within the Montana state implementation plan, and any permit requirement established pursuant to 40 CFR 52.21 or under regulations approved pursuant to 40 CFR 51, Subpart I, including operating permits issued under an EPA approved program that is incorporated into the Montana state implementation plan and expressly requires adherence to any permit issued under such program.

  • Patent Collateral means all Patents, whether now owned or hereafter acquired by the Company that are associated with the Business.

  • Compliance Enforcement Authority means NERC or the Regional Entity, or any entity as otherwise designated by an Applicable Governmental Authority, in their respective roles of monitoring and/or enforcing compliance with mandatory and enforceable Reliability Standards in their respective jurisdictions.

  • Copyright Security Agreements means the Copyright Security Agreements made in favor of Agent, on behalf of itself and Lenders, by each applicable Credit Party.