Transaction Security definition

Transaction Security means the Security provided for the Secured Obligations pursuant to the Security Documents.

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 means the Security created or intended to be created in favour of the Security Agent pursuant to the Finance Documents.

Examples of Transaction Security in a sentence

• If the Transaction Security is being enforced pursuant to clause 35.1 (Enforcement Instructions), the Security Agent shall enforce the Transaction Security in such manner as the Majority Lenders shall instruct or, in the absence of any such instructions, as the Security Agent considers in its discretion to be appropriate subject to the provisions of clause 33.4 (Instructions to Agent and the Security Agent).

• This clause 33.5 shall not apply to any legal or arbitration proceeding relating to the perfection, preservation or protection of rights under the Security Documents or enforcement of the Transaction Security.

• Any party to any Finance Document (other than a Finance Party) rescinds or purports to rescind or repudiates or purports to repudiate a Finance Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Finance Document or any Transaction Security.

More Definitions of Transaction Security

Transaction Security means the Security created or evidenced or expressed to be created or evidenced under or pursuant to the Security Documents.

Transaction Security means the Security provided to the Secured Parties under the Security Documents.

Transaction Security as defined in the Intercreditor Agreement from time to time.

Transaction Security means the security constituted or intended to be constituted by the Security Documents;

Transaction Security means the security created or purported to be created under the Security Documents.

Transaction Security means the Security created or expressed to be created in favour of any or all of the Secured Parties pursuant to or under any or all of the Security Documents.

Transaction Security means any Security granted under the Finance Documents.