Substitution of Security definition

Substitution of Security means the exchange of one "Participation Interest" in a "Loan" for a "Participation Interest" in a different "Loan" of an equal amount.
Sample 1Sample 2Sample 3
Substitution of Security means the exchange of one Loan in the Participation Pool for a different Loan having an equal principal amount.
Sample 1Sample 2Sample 3

Examples of Substitution of Security in a sentence

  • In the event Lender refuses to consent to such requested action, Lead Lenders shall be entitled to either repurchase Lenders Participation Interest for the amount of principal and accrued interest outstanding or offer the Lenders a Substitution of Security.

  • Of the features described in Section 7.4, at present only those headed "Substitution of Security", "Redraws and Further Advances", "Early Repayment" and "Interest Only Periods" are available for Homepath Loans.

  • Substitution of Security: The Lessee reserves the right to substitute equipment of equivalent or greater value in any Equipment Schedule.

  • The purpose of the recommended action is to authorize the Director of Public Works or her designee to enter into the enclosed Substitution of Security for Subdivision Improvements Agreement (Agreement) with Xxxxxx Homes (Xxxxxx).

  • Mortgaged Premises includes the Specific Security, the First Charge Assets and the undertaking and all the property, assets and rights, present and future, wheresoever situate (including any uncalled capital) of the Issuer to the extent that the same shall not have been released pursuant to Condition 8 (Substitution of Security) or Condition 9 (Valuation of Security and Withdrawals) or otherwise pursuant to the provisions of the Trust Deed.

  • The purpose of the recommended action is to authorize the Director of Public Works or her designee to enter into the enclosed Substitution of Security for Subdivision Improvements Agreement (Security Agreement) with Xxxxx Xxxxx Development LLC (LSD), which provides for the substitution of a lien on the property in place of the existing Letter of Credit as security for the completion of subdivision The Honorable Board of Supervisors 4/17/2012 improvements as required by the Multiple Agreement.

  • Renegotiation Fee $400.00 Applies to all loans for renegotiation of loan term or borrowers or security (excluding Substitution of Security) or reduction in loan amount.

  • Subject to the satisfaction of each of the conditions set forth above in Section Conditions to Substitution of Security Subsequent to Merger.

Related to Substitution of Security

  • Breach of Security means the occurrence of unauthorised access to or use of the Premises, the Services, the Contractor system or any ICT or data (including the Authority’s Data) used by the Authority or the Contractor in connection with this Contract.

  • Quasi-Security means an arrangement or transaction described in paragraph (b) below.

  • or "Security means any debt securities or debt security, as the case may be, authenticated and delivered under this Indenture.

  • LCR Security means any commercial paper or security (other than equity securities issued to Parent or any Originator that is a consolidated subsidiary of Parent under GAAP) within the meaning of Paragraph .32(e)(viii) of the final rules titled Liquidity Coverage Ratio: Liquidity Risk Measurement Standards, 79 Fed. Reg. 197, 61440 et seq. (October 10, 2014).

  • holder of Securities “registered holder”, or other similar term, means the Person or Persons in whose name or names a particular Security is registered on the Security Register kept for that purpose in accordance with the terms of this Indenture.

  • Exercise of Secured Creditor Remedies means, except as otherwise provided in the final sentence of this definition:

  • Series of Secured Debt means, severally, each Series of Priority Lien Debt and each Series of Parity Lien Debt.

  • Place of primary use means the street address representative of where the customer's use of the telecommunications service primarily occurs, which must be the residential street address or the primary business street address of the customer. In the case of mobile telecommunications services, "place of primary use" must be within the licensed service area of the home service provider.

  • Debt Security or "Debt Securities" has the meaning stated in the first recital of this Indenture.

  • Successor Security of any particular Security means every Security issued after, and evidencing all or a portion of the same debt as that evidenced by, such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 3.7 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Security.

  • 144A Global Security means a permanent Global Security in the form of the Security attached hereto as Exhibit A-1, and that is deposited with and registered in the name of the Depositary, representing Securities sold in reliance on Rule 144A under the Securities Act.

  • of a Security means the principal of the Security plus the premium, if any, payable on the Security which is due or overdue or is to become due at the relevant time.

  • Similar Security means a reference bond or reference bonds issued by the same issuer as the Reference Security having an actual or interpolated maturity comparable with the remaining term of the Notes that would be utilised, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Notes.

  • Series of Securities means each series of debentures, notes or other debt instruments of the Company created pursuant to Sections 2.1 and 2.2 hereof.

  • of a debt security means the principal of the security plus, when appropriate, the premium, if any, on the security.

  • Regulation S Global Security The meaning specified in Section 3.01(c).

  • Office or place of profit means any office or place—

  • Race or sex scapegoating means assigning fault, blame, or bias to a race or sex, or to members of a race or sex because of their race or sex; and

  • Senior Security or “Senior Securities” means any Security or Securities designated pursuant to Section 301 as a Senior Security.

  • Coupon means any interest coupon appertaining to a Bearer Security.

  • Registered Security means any Security which is registered in the Security Register.

  • Physical Security has the meaning specified in Section 303.

  • 101 ( Outstanding") (a)(1)(A)....................... 502, 512 (a)(1)(B)....................... 513 (b).............................. 508 Sec. 317(a)(1).......................... 503 (a)(2)........................... 504 Sec. 318(a)............................. 111 (c)..............................

  • place of safety means any institution, hospital or other suitable place the occupier of which is willing to accept the temporary care of a child;

  • Relevant Security means the Stock, any other equity security of the Company or any of its subsidiaries and any security convertible into, or exercisable or exchangeable for, any Stock or other such equity security.

  • Registered Global Security means a Security evidencing all or a part of a series of Registered Securities, issued to the Depositary for such series in accordance with Section 2.02, and bearing the legend prescribed in Section 2.02.