Security Principles definition

Security Principles means the principles outlined on Schedule 7.11 hereto.

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Security Principles has the meaning given to that term in Schedule 12 (Security Principles).

Security Principles means (A) no actions shall be required under the law of any non-U.S. jurisdiction in order to create or perfect any security interest other than (x) in respect of Mortgaged Vessels, (y) actions required under the laws of Australia, Canada, Cayman Islands, Curacao, Jersey, Leichtenstein, Panama, the Netherlands, Norway and the United Kingdom and (z) actions reasonably requested by the Collateral Agent in any other jurisdiction taking into account (1) the materiality of the relevant Collateral, (2) the cost thereof and (3) the benefits to the Lenders afforded thereby and (B) no Lien by any Person organized outside of the United States shall be made that would result in any breach of any law or regulation (or analogous restriction) of the jurisdiction of organization of such Person or result in a substantial risk to the officers or directors of such Person of a civil or criminal liability; provided that if any actions are not taken in respect of Collateral solely as a result of this sub-clause (B), the Parent shall, at the reasonable request of the Collateral Agent, diligently pursue any relevant governmental or third party consents or other authority to permit such subsidiary to create or perfect a security interest in such Collateral or to mitigate such risk of liability.

Examples of Security Principles in a sentence

The Service Provider must, where appropriate, review and update systems, policies and procedures regularly to ensure continued compliance with the NCSC Cloud Security Principles.
The service provider’s systems, policies and procedures should comply with the National Cyber Security Centre’s Cloud Security Principles and the cloud security requirements of the Specification & Service Levels (Schedule 1).
Delete paragraph 3(a)(ii)(C) of Schedule 11 (Agreed Security Principles).
Subject to the Agreed Security Principles, the Assignor shall, at its own expense promptly do (or as the case may be, refrain from doing) all acts and execute all such documents necessary or advisable to comply and to allow for the Company to comply with its obligations under Section 5.12 (Further Assurances) of the Credit Agreement.
Subject to the Agreed Security Principles, the Company and its Restricted Subsidiaries shall execute all transfers, conveyances, assignments and releases of that property whether to the Security Agent or to its nominees and give all notices, orders and directions which the Security Agent may reasonably request.

More Definitions of Security Principles

Security Principles means (A) no actions shall be required under the law of any non-U.S. jurisdiction in order to create or perfect any security interest other than (x) in respect of Mortgaged Vessels, (y) actions required under the laws of Australia, Canada, Cayman Islands, Curacao, Jersey, Liechtenstein, Panama, the Netherlands, Norway and the United Kingdom and (z) actions reasonably requested by either Administrative Agent or the Collateral Agent in any other jurisdiction taking into account (1) the materiality of the relevant Collateral, (2) the cost thereof and (3) the benefits to the Lenders afforded thereby and (B) no Lien by any Person organized outside of the United States shall be made that would result in any breach of any law or regulation (or analogous restriction) of the jurisdiction of organization of such Person or result in a substantial risk to the officers or directors of such Person of a civil or criminal liability; provided that if any actions are not taken in respect of Collateral solely as a result of this sub-clause (B), the Parent shall, at the reasonable request of either Administrative Agent or the Collateral Agent, diligently pursue any relevant governmental or third party consents or other authority to permit such subsidiary to create or perfect a security interest in such Collateral or to mitigate such risk of liability.

Security Principles means the principles listed on Schedule 9 (Security Principles);

Security Principles means the principles set forth in Exhibit K hereto.

Security Principles means the principles set out in Schedule 11 (Security Principles).

Security Principles means the security principles as set out in Attachment 3.

Security Principles means the principles in the Agreed Form set out in Schedule 9 (Security Principles).

Security Principles means the principles set forth on Schedule 1.01(b).