Security Period definition

Security Period means the period commencing on the date of this Agreement and ending on the date on which the Agent notifies the Borrowers, the Security Parties and the other Creditor Parties that:

Security Period means the period commencing on the date hereof and terminating upon discharge of the security created by the Security Documents by payment of all moneys payable thereunder;

Security Period means the period beginning on the date of this Deed and ending on the date on which all the Secured Obligations have been unconditionally and irrevocably paid and discharged in full and the Lender has no further commitment under or pursuant to the Loan Documents; and

Examples of Security Period in a sentence

• The Borrower undertakes with the Lender to comply with the following provisions of this Clause 11 (General Undertakings) at all times during the Security Period except as the Lender, may otherwise permit in writing.

• The Borrower also undertakes with the Lender to comply with the following provisions of this Clause 12 (Corporate Undertakings) at all times during the Security Period except as the Lender may otherwise permit in writing.

• The Borrower also undertakes with the Lender to comply with the following provisions of this Clause 13 (Insurance) at all times during the Security Period except as the Lender, may otherwise permit in writing.

• The Borrower acknowledges and agree that the Lender may commission valuation(s) of either Ship at such times as the Lender shall deem necessary and, in any event, not less than once during each 6-month period of the Security Period.

• The Borrower also undertakes with the Lender to comply with the following provisions of this Clause 14 (Ship Covenants) at all times during the Security Period except as the Lender may otherwise permit in writing.

More Definitions of Security Period

Security Period means the period commencing on the date of execution of this Charge and terminating upon the date on which the Secured Obligations have been unconditionally and irrevocably paid and discharged in full.

Security Period means the period starting on the date of this Agreement and ending on the date on which the Facility Agent is satisfied that there is no outstanding Commitment in force and that the Secured Liabilities have been irrevocably and unconditionally paid and discharged in full.

Security Period means the period beginning on the First Drawdown Date and ending on the date on which the amounts outstanding under this Agreement and under each of the other Security Documents are finally paid or repaid in full;

Security Period means the period beginning on the date of this Deed and ending on the date on which:

Security Period means the period beginning on the date hereof and ending on the Discharge Date.

Security Period means the period commencing on the date of execution of this Charge and terminating upon discharge of the security created by this Charge by payment in full of the Secured Obligations.

Security Period means a period commencing on the date on which any direction issued by the Secretary of State under Section 34(4)(b) of the Act enters effect and terminating on the date (being not earlier than the date such direction, as varied, is revoked or expires) as the Director, after consultation with such persons (including without limitation, licence holders liable to be principally affected) as he shall consider appropriate, may with the consent of the Secretary of State by notice to all licence holders determine after having regard to the views of such persons.