Examples of Security purpose in a sentence
Xxxx GmbH as Transferor and Canadian Imperial Bank of Commerce as Collateral Agent Security Purpose Agreement (Sept 14, 2007) by and among Casar Holding GmbH as Chargor and Canadian Imperial Bank of Commerce as Collateral Agent Security Assignment of Receivables (Sept 14, 2007) by and among Casar X.
The Security Purpose shall be to ascertain HiServ claims hereunder and to place HiServ in a position, both financially and factually, as if ICC had fully performed its obligations hereunder.
Adjupharm GmbH, a subsidiary of IMC Holdings, has signed a Security Purpose Agreement with the Lender, providing registration of second rank land charge on its real property, in favour of the Lender (the “Adjupharm Asset Security”), as security for the Loan.
The Pledgor shall not take, or participate in, any action which impairs, or which would for any other reason be inconsistent with, the security interest of the Pledgees or the security purpose as described in Clause 3 (Security Purpose) hereof or defeat, impair or circumvent the rights of the Pledgees hereunder in each case in any material respect.
HiServ shall forward/transfer any proceeds or rights HiServ gains or holds after having achieved the Security Purpose, to ICC.