Examples of Secured Party in a sentence
If the Security Agent considers that any amount paid or credited to any Secured Party II under any Finance Document is capable of being avoided or otherwise set aside, that amount shall not be considered to have been paid for the purposes of determining whether all the Secured Liabilities II have been irrevocably paid.
No failure to exercise, nor any delay in exercising, on the part of any Secured Party II, any right or remedy under any Finance Document shall operate as a waiver of any such right or remedy or constitute an election to affirm any of the Finance Documents.
The Assignor shall, within three Business Days of demand, pay to each Secured Party II the amount of all costs and expenses (including legal fees) incurred by that Secured Party II in connection with the enforcement of, or the preservation of any rights under, this Deed and the Security Interests II.
If the Interim Security Agent or any other Secured Party receives notice or is deemed to have received notice of any subsequent Security or other interest affecting all or any part of the Charged Property or any assignment or transfer of the Charged Property (in each case, except as permitted by the Finance Documents or where the Required Creditor Consent has been obtained) it may open a new account for the relevant Chargor in its books.
The Secured Party shall apply the proceeds of the collateral realized upon the exercise of any such rights or remedies to reduce the Pledgor’s obligations under the Agreement (the Pledgor remaining liable for any amounts owing to the Secured Party after such application), subject to the Secured Party’s obligation to return any surplus proceeds remaining after such obligations are satisfied in full.