Security Pool definition

Security Pool means, collectively, all Individual Properties on which Lender has a Lien as security for the Loans, as the same may change from time to time in accordance with the terms and conditions hereof. The Individual Properties in the Security Pool as of the date hereof are set forth on Exhibit B attached hereto.
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Security Pool means the pool of assets in which a subordinate Lien has been granted by the Company as security for the Securities pursuant to the Pledge Agreement.
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Security Pool means together all the assets of the Obligors included in the Transaction Secu- rity.
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Examples of Security Pool in a sentence

  • The Trustee and each of the Holders acknowledge that the release of any assets comprising the Security Pool and the Senior Collateral from the terms hereof and of the Pledge Agreement will not be deemed to impair the security under this Indenture if and to the extent any such asset is released in accordance with the terms of the Indenture and the Pledge Agreement.

  • The Company will make a subordinate assignment and pledge of its right, title and interest in and to the assets comprising the Security Pool to the Trustee as required by and in accordance with the Pledge Agreement.

  • The Company may also grant an additional Lien on the Senior Collateral to secure any additional Indebtedness of the Company which is also secured by an additional Lien on the assets in the Security Pool as provided in this Section 1109.

  • The only sources of revenue permitted under the Law to fund the Security Pool and the Guaranty Pool must be obtained from self-insured employers.

  • Pursuant to the terms of the Security Trust Deed, the Security will form part of a Security Pool to be known as the “Centuria Capital Security Trust Security Pool” to be held on trust by the Security Trustee for the Benefit of all Security Pool Beneficiaries which includes each Noteholder of the Notes.

  • If such further Tranches and Series of Notes have the benefit of any additional security, such security will be added to and form part of the Security Pool and held on trust by the Security Trustee for the benefit of all Security Pool Beneficiaries at such time which will comprise, among others, each Noteholder and each holder of such further Tranche and Series of Notes.

  • In the event that such further Tranche and Series of Notes does not have the benefit of any additional security, the holders of such Tranche and Series of Notes will have the benefit of the Security in the Security Pool which has been granted in respect of these Notes and will themselves be Security Pool Beneficiaries (together with, among others, each Noteholder of these Notes).

  • The Security Pool Meeting Provisions contain provisions for convening meetings of the Noteholders of a Security Pool to consider any matter affecting their interests.

  • The Security Pool Beneficiaries will comprise, among others, the holders of any further Tranches and Series of Notes which may be issued by the Issuer.

  • The Security Trustee, the Note Trustee and the Noteholders are the Beneficiaries for the purposes of the Security Trust Deed and are also Security Pool Beneficiaries as referred to below.


More Definitions of Security Pool

Security Pool means together all the assets of the Obligors included in the Transaction Security.
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Security Pool means the assets from time to time encumbered in favour of the Trustee to secure Timbercorp’s obligations under the Trust Deed;
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Security Pool means Security Pool 1 and Security Pool 2, or either of them as the context requires.
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Security Pool means the Existing Vessels and the New Vessels
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Security Pool means, collectively, each Facility on which Lender has a Lien as security for the Loan, as the same may change from time to time in accordance with the terms and conditions hereof. The Facilities in the Security Pool as of the date hereof are set forth on EXHIBIT C attached hereto. "SECURITY POOL COVENANTS" has the meaning ascribed to such term in SUBSECTION 3.1.
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Security Pool means the Vessels listed in the Second Schedule and any other vessel which is or may in the future be mortgaged to provide security for the Borrower’s obligations hereunder and each of the other assets from time to time mortgaged or charged to secure the Borrower’s obligations under this Agreement and allocated to the Security Pool.
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Related to Security Pool

  • Security Policy means the Authority’s Security Policy annexed to Schedule (Security Requirements and Plan) as updated from time to time.

  • Security Policy Framework means the Cabinet Office Security Policy Framework (available from the Cabinet Office Security Policy Division);

  • Security Plan means the Contractor’s security plan prepared pursuant to paragraph 3 of Schedule (Security Requirements & Plan)

  • Security Property means all right, title and interest in, to and under any Security Document, including:

  • Security Bond means an amount payable by a tenant as security for the performance of his obligations under a residential tenancy agreement, including an amount referred to in section 29(1)(b)(ii);

  • Security Provider means a person which, in accordance with the provisions of this Agreement, provides or is to provide any guarantee or other surety or security in respect of that Party’s obligations under this Agreement;

  • HMG Security Policy Framework means the Cabinet Office Security Policy Framework (available from the Cabinet Office Security Policy Division) as updated from time to time.

  • Security procedure means a procedure employed for the purpose of verifying that an electronic signature, record, or performance is that of a specific person or for detecting changes or errors in the information in an electronic record. The term includes a procedure that requires the use of algorithms or other codes, identifying words or numbers, encryption, or callback or other acknowledgment procedures.

  • Information Security Program means the administrative, technical, and physical safeguards that a licensee uses to access, collect, distribute, process, protect, store, use, transmit, dispose of, or otherwise handle nonpublic information.

  • Security Management Plan means the Supplier's security management plan prepared pursuant to paragraph 3 of schedule 2 an outline of which is set out in paragraph 2.7 of the Order Form as updated from time to time;

  • Security Procedures means rules and regulations governing access to, and health and safety procedures while on, Government premises; and information technology security protocols;

  • 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 alarm system means a device or series of devices, intended to summon law enforcement personnel during, or as a result of, an alarm condition. Devices may include hard- wired systems and systems interconnected with a radio frequency method such as cellular or private radio signals that emit or transmit a remote or local audible, visual, or electronic signal; motion detectors, pressure switches, duress alarms (a silent system signal generated by the entry of a designated code into the arming station to indicate that the user is disarming under duress); panic alarms (an audible system signal to indicate an emergency situation); and hold-up alarms (a silent system signal to indicate that a robbery is in progress).

  • Security Tests means conduct tests of the processes and countermeasures contained in the Security Plan.

  • Security freeze means a notice, at the request of the consumer and subject to certain exceptions,

  • Security Amount means an amount equal to:

  • Collateral and Guarantee Requirement means, at any time, the requirement that:

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

  • Failed Bank Charge-Offs/Write-Downs means, with respect to any Shared- Loss Asset, an amount equal to the aggregate amount of reversals or charge-offs of Accrued Interest and charge-offs and write-downs of principal effected by the Failed Bank with respect to that Shared-Loss Asset as reflected on the Accounting Records of the Failed Bank.

  • Collateral has the meaning specified in the Granting Clause of this Indenture.

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

  • UCC Collateral is defined in Section 3.03.

  • Priority Payables means, as of any date of determination: (a) the full amount of the liabilities of any Borrower at such time which, except for liabilities associated with Permitted Encumbrances (i) have a trust, deemed trust or statutory lien imposed to provide for payment or a security interest, pledge, hypothec, charge or other Lien ranking or capable of ranking senior to or pari passu with the Liens granted to Agent on the Collateral under federal, provincial, municipal or local law in Canada or (ii) have a right imposed to provide for payment ranking or capable of ranking senior to or pari passu with such Obligations under local or federal law, regulation or directive, including, but not limited to, claims for unremitted and/or accelerated rents, taxes (including sales tax, goods and services taxes, harmonized sales taxes and withholding taxes), wages, withholding taxes, VAT and other amounts payable to an insolvency administrator, employee withholdings or deductions and vacation pay, severance and termination pay, workers’ compensation obligations, government royalties, pension fund obligations or any amounts representing any unfunded liability (whether or not due), solvency deficiency or wind up deficiency with respect to any defined benefit plan for Canadian employees which could become subject to a trust, deemed trust or statutory lien, in each case, to the extent such trust, deemed trust, statutory lien, security interest, hypothec, charge or other Lien has been or could reasonably be expected to be imposed as determined by Agent in its sole discretion; and (b) the amount equal to the percentage applicable to Inventory located in Canada that is part of the Formula Amount which Agent, in its Permitted Discretion, considers as being, or is reasonably likely to become, subject to retention of title by a supplier or a right of a supplier to recover possession thereof, where such supplier’s right has priority over Agent’s Liens securing such Obligations, including, without limitation, Eligible Inventory subject to a right of a supplier to repossess goods pursuant to Section 81.1 of the Bankruptcy and Insolvency Act (Canada) or any applicable laws granting revendication or similar rights to unpaid suppliers or any similar laws of Canada or any other applicable jurisdiction.

  • Security Limits means operating electricity system voltage limits, stability limits and thermal ratings.

  • Security Parties means at any relevant time, the Borrower, the Guarantor, the Pledgor, the Target, the Vessel Owners and any other person who may at any time during the Facility Period be liable for, or provide security for, all or any part of the Indebtedness, and “Security Party” means any one of them.

  • Security Assets means all of the assets of the Transaction Obligors which from time to time are, or are expressed to be, the subject of the Transaction Security.