Security Monitoring Business definition

Security Monitoring Business the business of providing remote security monitoring services and operating Central Station Businesses
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Examples of Security Monitoring Business in a sentence

  • Acquire any additional Property except (i) such Property as is necessary to or useful in the operation of such Borrower's Security Monitoring Business, provided such acquisitions shall be subject to the conditions and limitations set forth in this Loan Agreement, (ii) Funded Acquisitions and (iii) Non-Funded Acquisitions.

  • Materially change the nature of its business or engage in any business other than the Security Monitoring Business.

  • To the best knowledge of Borrower, no Person owning or operating any equipment necessary for the operation of Borrower's Security Monitoring Business has used, operated or maintained the same in a manner which now or hereafter could result in the cancellation or termination of the right of any Obligor to use or make use of the same or which could result in any material liability of any Obligor for damages in connection therewith.

  • Change the locations of its chief executive office, Central Station Businesses, studios, offices or other Property used in the operation of Borrower's Security Monitoring Business unless such Obligor shall have complied with all applicable laws, rules and regulations and shall have received all required consents and approvals from any Governmental Body.

  • Borrowers do not engage or propose to engage in any business or activity other than the Security Monitoring Business.

  • If at any time (i) Branxxx, xx any successor to Branxxx xxxsonably acceptable to Lender, ceases to (A) be the President and Chief Executive Officer of SAI and AMJ, (B) be the Manager of each of SACC, MSG and ASMS, or (C) manage the day to day operation of Borrower's Security Monitoring Business or (ii) Davix, xx any successor to Davix xxxsonably acceptable to Lender, ceases to be the Chairman of SAI.

  • Each Borrower is the owner of all Property and the holder of all UL Certifications, Alarm Licenses, Central Station Contracts and Security Monitoring Contracts necessary to conduct such Borrower's Security Monitoring Business in the places where it is now conducted.

  • To the best knowledge of each Borrower, no Person owning or operating any equipment necessary for the operation of Borrowers' Security Monitoring Business has used, operated or maintained the same in a manner which now or hereafter could result in the cancellation or termination of the right of any Borrower to use or make use of the same or which could result in any material liability of any Borrower for damages in connection therewith.

  • Upon the Effective Date, the Obligors will own, possess or have the right to use all patents, trademarks, service marks, tradenames, copyrights, franchises and rights with respect thereto, necessary for the conduct of Borrower's Security Monitoring Business as proposed to be conducted after the Effective Date, without any known conflict with the rights of others and, in each case, free of any Liens.

  • Borrowers have delivered to FINOVA the financial statements described in EXHIBIT 5.7.1 pertaining to Borrowers' Security Monitoring Business.

Related to Security Monitoring Business

  • Security Services means, a systemic approach to managing an organisation’s security needs as per specifications, terms and conditions stipulated under the contract, the organisation in this case refers to Medical Colleges/ Hospitals

  • banking business means the business of accepting deposits withdrawable or repayable on demand or after a fixed period or after notice and the employment of those deposits, in whole or in part, by lending or any other means for the account and at the risk of the person accepting the deposits;

  • Infrastructure means infrastructure serving the County and improved or unimproved real estate and personal property, including machinery and equipment, used in the operation of the Project, within the meaning of Section 4-29-68 of the Code.

  • technical and organizational security measures means those measures aimed at protecting personal data against accidental or unlawful destruction or accidental loss, alteration, unauthorized disclosure or access, in particular where the processing involves the transmission of data over a network, and against all other unlawful forms of processing.

  • Monitoring Services shall have the meaning set forth in Section 2(b) of this Agreement.

  • Fraud Monitoring System means an off-line administration system that monitors suspected occurrences of ABT- related fraud.

  • Security System means the building access control system developed by Manager and known as the O.P.E.N.centrix - Open Platform for Essential Networks, which includes, without limitation, the Application Software, the firmware containing the Application Software, the O.P.E.N.cortex platform software and all hardware related thereto;

  • Data Processing Equipment means any equipment, computer hardware, or computer software (and the lease or licensing agreements related thereto) other than Personal Computers, owned or leased by the Failed Bank at Bank Closing, which is, was, or could have been used by the Failed Bank in connection with data processing activities.

  • technical and organisational security measures means those measures aimed at protecting personal data against accidental or unlawful destruction or accidental loss, alteration, unauthorised disclosure or access, in particular where the processing involves the transmission of data over a network, and against all other unlawful forms of processing.

  • Doing business means engaging in any activity, whether legal or illegal, that is conducted

  • Information Services means the Municipal Securities Rulemaking Board’s Electronic Municipal Market Access System; or, such other services providing information with respect to called municipal obligations as the District may specify in writing to the Paying Agent or as the Paying Agent may select.

  • Information technology services means services designed to do any of the following:

  • Interim Monitor means any monitor appointed pursuant to Paragraph III of this Order or Paragraph III of the related Order to Maintain Assets.