Seller Security definition

Seller Security means Letter(s) of Credit or Guaranty.
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Seller Security has the meaning set forth in Section 9.1.
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Seller Security means any Security Interest created or evidenced by a Seller Security Document.
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Examples of Seller Security in a sentence

  • In the event Buyer draws upon or makes a claim on Seller Security pursuant to Section 9.3, Seller shall replenish the amount of Seller Security required by Section 9.1 or Section 9.2 within ten (10) Days.

  • Upon termination of this Agreement due to a Seller Event of Default, Buyer shall have the right to draw upon or make a claim on Seller Security for any undisputed amounts owed to Buyer under this Agreement.

  • If a Letter of Credit is serving as Seller Security, Seller shall replace, if more than five (5) days remain in the Term, such Letter of Credit with other Seller Security (which may be another Letter of Credit) more than five (5) Business Days before the expiration of the Letter of Credit.

  • If Seller fails to provide such substitute Seller Security more than five (5) Business Days before the expiration of the Letter of Credit, Buyer may draw the full amount of the Letter of Credit and hold the proceeds in escrow until the end of the Term or such time as the Seller Security satisfying the requirements of this Agreement is provided by Seller to Buyer, at which time all such escrowed funds will be released to Buyer.

  • In the event of such termination, Seller will be entitled to a return of any Seller Security provided to Buyer.


More Definitions of Seller Security

Seller Security means all the Seller Shares and any other Equity Interest in the Seller. “Seller Shares” means all of the issued and outstanding capital stock of the Seller. “Seller’s Proposed Calculations” is defined in Section 2.4(b).
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Seller Security means all the Seller Shares and any other Equity Interest in the Seller.
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Seller Security has the meaning set forth in Article 10.7.
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Seller Security means any one or combination of the following:
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Related to Seller Security

  • Permitted Security means any Security:

  • Clearing Corporation Security means securities which are in the custody of or maintained on the books of a Clearing Corporation or a nominee subject to the control of a Clearing Corporation and, if they are Certificated Securities in registered form, properly endorsed to or registered in the name of the Clearing Corporation or such nominee.

  • Bid Security means the bid security provided by the Contractor to the Authority in accordance with the Request for Proposal, and which is to remain in force until substituted by the Performance Security;

  • Security means a mortgage, charge, pledge, lien or other security interest securing any obligation of any person or any other agreement or arrangement having a similar effect.