Issuer Security Sample Clauses
Issuer Security. (a) This Deed constitutes notice in writing to each Issuer Secured Creditor of the assignment or assignation of all of the Issuer's rights to the Issuer Charged Documents under Clause 3.2 (Contracts).
(b) By executing this Deed, each Issuer Secured Creditor acknowledges and consents to the assignment or assignation referred to in this Clause 4.1 and the other Security Interests made or granted under this Deed and confirms that as of the date of this Deed it has not received from any other person notice of any assignment, assignation or charge of any Issuer Charged Property.
(c) Immediately upon the execution of this Deed, the Issuer will deliver a notice of charge substantially in the form set out in Schedule 2 (Form of Notice of Charge) to Funding 1 and will use all reasonable endeavours to procure delivery to the Issuer Security Trustee on the date of this Deed of receipt from Funding 1 substantially in the form set out in Schedule 3 (Form of Consent to Charge).
(d) Each Issuer Secured Creditor acknowledges the Issuer Security, and covenants to the Issuer Security Trustee not to do anything inconsistent with the Issuer Security or knowingly to prejudice that security or any of the Issuer Charged Property (or the Issuer Security Trustee's interest in those assets) provided that, subject to Clause 5 (Restrictions on Exercise of Certain Rights), this Deed does not limit the rights of any of the Issuer Secured Creditors under the Issuer Transaction Documents.
Issuer Security. (i) Upon execution of the Issuer Security Documents and subject to the Reservations and the registration of the Issuer Security Documents with the Companies Registration Office in Ireland within 21 days of its execution, all of the Issuer’s obligations, rights and interests (including those in the Senior Notes) will be secured by and in accordance with the Issuer Deed of Charge and the Issuer Security Documents.
(ii) No other security interest exists over or in respect of any asset of the Issuer, other than Security Interest secured by and in accordance with the Issuer Deed of Charge and the Issuer Security Documents.
(iii) The creation by the Issuer of the security over its assets and undertaking in accordance with the provisions of the Issuer Deed of Charge and the Issuer Security Documents will not render the Issuer liable to offer or extend the benefit of such security to any persons other than the Issuer Security Trustee (as trustee on behalf of the creditors expressed to be secured by the Issuer Deed of Charge and the Issuer Security Documents).
Issuer Security. Each of the Parties agrees that the Issuer Security shall rank and secure the Senior Noteholder Debt and the Issuer Hedging Debt pari passu and without any preference between them (but only to the extent that such Issuer Security is expressed to secure such Issuer Debt).
Issuer Security. Although the Trustee will hold the benefit of the Issuer Security created under the Deed of Charge and the Account Pledge Agreement on trust for, inter alios, the Noteholders, such Issuer Security will also be held on trust for certain other parties that will rank ahead of the Noteholders. In the event that the Issuer Security is enforced, the proceeds of such enforcement may be insufficient, after payment of all other claims ranking in priority to amounts due under the Notes, to pay in full all amounts of principal and interest (and any other amounts) due in respect of the Notes. Prior to the final maturity of the Notes, enforcement of the Issuer Security by the Trustee is the only remedy available for the purpose of recovering amounts owed in respect of the Notes.
Issuer Security. As security for the performance by the Issuer of its obligations under the Notes and the Transaction Documents, the Issuer acting through its Compartment Belgian Lion SME III will grant rights of pledge on its assets in favour of the Security Agent and the other Secured Parties. Pursuant to the Pledge Agreement, the obligations of the Issuer under Notes and the Transaction Documents will be secured by a first ranking pledge created by the Issuer in favour of the Secured Parties (as defined below), including the Security Agent acting in its own name, as representative on behalf of the Noteholder (the Security) over:
(a) all right and title of the Issuer to, and under, or in connection with all the SME Receivables, all Loan Security and all Additional Security;
(b) the Issuer’s rights under or in connection with the Transaction Documents and all other documents to which the Issuer is a party;
(c) the Issuer’s right and title in and to the Issuer Accounts and any amounts standing to the credit thereof from time to time; and
(d) any other assets of the Issuer (including, without limitation, the completed loan documents and ancillary documents in respect of an SME Loan which set out the terms and conditions of the SME Loan, the Loan Security and the Additional Security (the Loan Documents) and the file(s), books, magnetic tapes, disks, cassette or other such method of recording or storing information from time to time relating to each SME Loan and the Loan Security related thereto containing, inter alia, (A) all material records and correspondence relating to the SME Loans, the Loan Security and Additional Security and/or the Borrower and (B) any payment, status or arrears reports maintained by the Servicer (the Contract Records)). The Security shall secure the following amounts due (verschuldigd / dû) by the Issuer:
(a) as fees or other remuneration to the Issuer Directors (to the extent these are recoverable against the Issuer), under the Issuer Management Agreements;
(b) as fees and expenses to the Servicer (or Back-up Servicer, if any) under the Servicing Agreement;
(c) as fees and expenses to the Administrator, the Corporate Services Provider and the Accounting Services Provider under the Administration Agreement and the Corporate Services Agreement;
(d) as fees and expenses to the Domiciliary Agent and the Calculation Agent under the Domiciliary Agency Agreement;
(e) to the Seller under the SRPA;
(f) to the GIC Provider under the GIC Provider Agreement;...
Issuer Security