Shared Transaction Security definition

Shared Transaction Security means the Security created or evidenced or expressed to be created or evidenced under or pursuant to the Shared Security Documents.
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Shared Transaction Security means any Transaction Security which to the extent legally possible:
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Shared Transaction Security means the Security that may be granted in accordance with Clause 13.1 (Shared Transaction Security).
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Examples of Shared Transaction Security in a sentence

  • The Shared Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Shared Transaction Security or to exercise any right, power, authority or discretion arising under the Shared Security Documents except through the Security Agent.

  • The Parties will co-operate with each other with a view to reflecting the priority of the Security created pursuant to any Shared Transaction Security in any register or with any filing or registration authority and in giving notice to any person of any of the Security created pursuant to any Shared Transaction Security.

  • Each of the Parties agrees that the Shared Transaction Security created pursuant to the Transaction Security Documents shall rank and secure the Senior Liabilities (but only to the extent that such Transaction Security is expressed to secure those Liabilities) pari passu and without any preference between them.

  • Except to the extent otherwise provided in Clause 16 (Application of Proceeds) and without prejudice to any Intercept Lien, each of the Parties agrees that the Shared Transaction Security shall rank and secure the Super Senior Liabilities and the Pari Passu Debt Liabilities (subject to the terms of this Agreement) pari passu and without any preference between them (but only to the extent that such Shared Transaction Security is expressed to secure those Liabilities).

  • Except to the extent otherwise provided in Clause 16 (Application of Proceeds), each of the Parties agrees that the Shared Transaction Security shall rank and secure the Super Senior Liabilities and the Pari Passu Debt Liabilities (subject to the terms of this Agreement) pari passu and without any preference between them (but only to the extent that such Shared Transaction Security is expressed to secure those Liabilities).