Shared Transaction Security definition

Shared Transaction Security means any Transaction Security which to the extent legally possible:
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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 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.

  • 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.

  • 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.

  • 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).

  • Upon the Shared Transaction Security having become enforceable in accordance with its terms, a Senior Representative may deliver an enforcement notice to the Security Agent with a copy to the other Senior Representatives.

  • The Security Agent may at any time (without the prior consent of the Noteholders), acting on instructions of the Instructing Party, release Shared Transaction Security in accordance with the terms of the Shared Transaction Security Documents and the Intercreditor Agreement.

  • Any such Security shall be granted pursuant to an agreement in form and substance satisfactory to the Security Agent (a “Shared Transaction Security Document”) and such Security shall thereafter constitute “Shared Transaction Security”.Any Shared Transaction Security Document and/or Intercreditor Agreement entered into shall constitute a Finance Document.

  • The Company has full corporate power and authority to carry on the Business and to own and use the properties owned and used by it.

  • 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).

Related to Shared Transaction Security

  • Transaction Security means the Security created or expressed to be created in favour of the Security Agent pursuant to the Transaction Security Documents.

  • Transaction Security Documents means each of the documents listed as being a Transaction Security Document in paragraph 2(e) of Part I of Schedule 2 (Conditions Precedent) of the 2009 Financing Agreement and any document required to be delivered to the Administrative Agent under paragraph 3(d) of Part II of Schedule 2 (Conditions Precedent) of the 2009 Financing Agreement together with any other document entered into by any Obligor creating or expressed to create any Security over all or any part of its assets in respect of the obligations of any of the Obligors under any of the Finance Documents (and any other Debt Documents).

  • Void Transaction means any transaction wherein the transaction has taken place but has been cancelled /rejected /unsuccessful by the Alliance Partner.

  • Covered Transaction means a transaction that uses any funds under this award and that is a contract, memorandum of understanding, cooperative agreement, grant, loan, or loan guarantee.

  • Pawn transaction means the same as that term is defined in Section 13-32a-102.

  • Subsequent Transaction has the meaning set forth in Section 1.08.