Security Party definition

Security Party means each Owner, the Approved Manager and any other person (except a Creditor Party) who, as a surety or mortgagor, as a party to any subordination or priorities arrangement, or in any similar capacity, executes a document falling within the final paragraph of the definition of "Finance Documents";

Security Party means any one of them.

Security Party means each Borrower, the Corporate Guarantor, the Manager, each Refund Guarantor and the Builder or any other person who may at any time be a party to any of the Security Documents (other than the Bank);

Examples of Security Party in a sentence

• The liabilities and/or obligations created by this Asset Sale Agreement and/or any transaction entered into thereunder whether past present or future shall continue to be valid and binding on the Bank, the Customer and the Security Party for all purposes whatsoever notwithstanding any change by amalgamation, merger, acquisition, restructuring, reconstruction, take-over, dissolution, revocation or otherwise which may be made in the constitution of the Bank and/or the Customer or the Security Party.

• Notwithstanding the appointment of Servicing Agent, the Debtor shall not be relieved of Debtor's obligations to Secured Party under this Agreement or any of Debtor's obligations to Secured Party specific in any of the Loan Documents and any and all benefits, right and interests under this Agreement or same specific in Loan Documents shall continue to inure to Security Party.

More Definitions of Security Party

Security Party means any person who may at any time be a party to any of the Security Documents (other than the Secured Creditors);

Security Party means the Guarantors and any other person (except a Creditor Party) who, as a surety, pledgor, chargor or mortgagor, as a party to any subordination or priorities arrangement, or in any similar capacity, executes a document falling within any paragraph of the definition of “Finance Documents”;

Security Party means the Borrowers, the Corporate Guarantor, the Shareholder or any other person who may at any time be a party to any of the Security Documents (other than the Banks);

Security Party means the Corporate Guarantor, the Approved Manager and any other person (except a Creditor Party) who, as a surety or mortgagor, as a party to any subordination or priorities arrangement, or in any similar capacity, executes a document falling within the final paragraph of the definition of “Finance Documents”;

Security Party means any party from time to time providing Collateral or any form of security to Citibank for any of my obligations and Liabilities to Citibank.

Security Party means the Corporate Guarantor, the Guarantors, the Shareholder, any Approved Manager and any other person (except a Creditor Party, the Existing Charterer and the Existing Agent (as defined in the Successor Agent Agreement)) who, as a surety or mortgagor, as a party to any subordination or priorities arrangement, or in any similar capacity, executes a document falling within definition of “Finance Documents”;

Security Party means the Borrower, the Shareholder or any other person who may at any time be a party to any of the Loan Documents (other than the Lender);