Examples of Security Assets in a sentence
The Assignor shall supply to the Security Agent promptly such information regarding its financial condition, business and operations, its Security Assets II and its compliance with this Deed as the Security Agent may reasonably request.
A Security Agent shall be entitled to accept without enquiry, and shall not be obliged to investigate, any right and title that the Assignor may have to any of the Security Assets and shall not be liable for, or bound to require the Assignor to remedy, any defect in its right or title.
The Security Assets II are not subject to any Security other than the Security Interests II and (subject to the Legal Reservations) such Security constitutes perfected security on the Security Assets II except subject to the registration of this Deed with the BVI Registrar.
If the Security Agent, any Receiver II or any Delegate II takes possession of the Security Assets II, it may at any time relinquish possession.
At any time after the Security Interests II have become enforceable, to the fullest extent permitted by law, any rights conferred by any Finance Document or by law upon a Receiver II may be exercised by the Security Agent, whether or not the Security Agent shall have appointed a Receiver of all or any part of the Security Assets II.