Existing Security definition

Existing Security means any Security granted by any Person over its Assets in respect of any Relevant Indebtedness and which is existing at the relevant Issue Date or at the time any such Person becomes a Material Subsidiary or whose business and/or activities, in whole or in part, are assumed by or vested in the Issuer or a Material Subsidiary after the relevant Issue Date (other than any Security created in contemplation thereof) or any substitute Security created over those Assets (or any part thereof) in connection with the refinancing of the Relevant Indebtedness secured on those Assets provided that the principal, nominal or capital amount secured on any such Security may not be increased;

Existing Security means any Security created to secure the Existing Indebtedness.

Existing Security means the existing Security listed in Schedule 9 (Existing Security, Guarantees and Intercompany Loans).

Examples of Existing Security in a sentence

• As used in the Credit Agreement or the Security Agreement, as applicable, the terms "Agreement", "herein", "hereinafter", "hereunder", "hereto" and words of similar import shall mean, from and after the date hereof, the Existing Credit Agreement or the Existing Security Agreement, as applicable and in each case, as amended hereby and as it may be amended, restated, supplemented or otherwise modified from time to time hereafter in accordance with its terms.

• Effective as of the Seventh Amendment Effective Date, Schedule 3 to the Existing Security Agreement is hereby amended and restated in its entirety by replacing such Schedule with the Schedule attached as Exhibit C hereto (the “Amended Schedule to Security Agreement”; the Existing Security Agreement, as amended hereby and as it may be amended, restated, supplemented or otherwise modified from time to time hereafter, the "Security Agreement").

• Subject to the satisfaction (or waiver in writing) of each condition precedent set forth in Section 3 of this Amendment, and in reliance on the representations, warranties, covenants and agreements contained in this Amendment, the Existing Credit Agreement and the Existing Security Agreement shall be amended effective as of the Sixth Amendment Effective Date in the manner provided in this Section 1.

• The execution and delivery of this Amendment shall not constitute a novation or termination of the Existing Credit Agreement or the Existing Security Agreement or of the credit facility or any other Loan Document thereunder or in respect thereof.

More Definitions of Existing Security

Existing Security means any Existing Security on Assets or Existing Security on Subsidiaries.

Existing Security means, in relation to each Existing Facility Agreement, any Security Interest created to secure the Existing Indebtedness (or any part thereof) under that Existing Facility Agreement;

Existing Security means the Liens granted pursuant to the Existing Security Agreements.

Existing Security means the security provided in favour of Swedbank AB (publ) in order to secure all obligations of the Target under its existing financial arrangements with Swedbank AB (publ).

Existing Security means any Security described in schedule 6 of the Intercreditor Agreement mutatis mutandis.

Existing Security means all security under the Existing Bonds.

Existing Security means all Security provided in relation to the Refinancing Debt.