Security Rights. In addition to any other security rights and remedies provided by law with respect to services rendered or materials and equipment furnished under this Agreement, OPERATOR shall have a first lien upon each PARTY'S PARTICIPATING and/or WORKING INTEREST, including the production and equipment credited thereto, in order to secure payment of charges against such PARTY, together with interest thereon at the rate set forth in Exhibit "C" or the maximum rate allowed by law, whichever is less, plus attorneys' fees, court costs and other related collection costs. If any PARTY does not pay such charges when due, OPERATOR shall have the additional right to collect from the purchaser the proceeds from the sale of such PARTY'S share of production until the amount owed has been paid. Each purchaser shall be entitled to rely on OPERATOR'S statement concerning the amount owed. Each NON-OPERATOR shall have comparable security rights on OPERATOR'S PARTICIPATING and/or WORKING INTEREST.
Security Rights. In addition to any other security rights and remedies provided by law with respect to services rendered or materials and equipment furnished under this Agreement, for and in consideration of the covenants and mutual undertakings of the Operator and the Non-Operators herein, the Parties shall have the following security rights:
Security Rights. 6.1. The Customer hereby grants to IDN a lien or equivalent security interest in respect of all goods, documents and moneys which IDN holds or will hold in his possession whatever the reason and the purpose thereof may be, as against any party requiring their delivery to secure the Customer’s payment obligations hereunder with respect to such Shipment or any other Shipment. If the goods are forwarded on, IDN shall be entitled to collect the sum due on subsequent delivery or draw a xxxx therefore with the shipping documents annexed.
Security Rights. 10.1 ING ComFin shall have a lien from or for the benefit of Client as set forth in the FSA, in the Agreement on stock financing and financing of acquisition of goods and in any other agreement between the Client and ING ComFin. AFV Xxxxxx ADJUSTED BY REQUEST OF CLIENT, 2009 / 1
Security Rights. If an Event of Default shall occur and be continuing, the Lender may enforce any and all rights available to it by law or in equity pursuant to the Security Interest granted hereunder with respect to the Collateral. Without limiting the rights available to the Lender pursuant to the foregoing sentence, the Lender shall have all rights and remedies available to creditors under the Uniform Commercial Code, as in effect from time to time in the State of New York.
Security Rights. Addressed in Exhibit “F” of this Agreement and is incorporated into this Agreement by this reference.
Security Rights. Lessor shall provide, at no cost to Lessee when occupancy begins; (1) a window latch one each window; (2) a doorknob lock or keyed dead bolt lock on each exterior door; (3) a pin lock, plus a security bar or door hand latch on each sliding glass door; and (4) a keyless bolting device (keyless dead bolt lock) and door viewer (peephole) on each exterior door. Lessee must make repair requests to Lessor of any faulty security device in writing. If Lessor fails to install or rekey security devices as required by this Section, Lessee has the right to do so and deduct the reasonable cost from the next rent payment due under the Lease. Lessor may require Lessee to pay in advance for repair or replacement of a security device if the repair or replacement is necessitated by misuse or damage by the tenant, a member of the tenant’s family, an occupant, or a guest, and not by normal wear and tear. Lessee must provide request or notice in writing to Lessor for any repair or replacement of security device(s). The Lessor at the Lessor’s expense is required to equip the dwelling, when the tenant takes possession, with the security devices described by Sections 92.153(a)(1)-(4) and (6), Texas Property Code; the landlord is not required to install a doorknob lock or keyed dead bolt at the landlord ’s expense if the exterior doors meet the requirements of Section 92.153(f), Texas Property Code; the landlord is not required to install a keyless bolting device at the landlord ’s expense on an exterior door if the landlord is expressly required or permitted to periodically check on the well-being or health of the tenant as provided by Section 92.153(e)(3), Texas Property Code; and the tenant has the right to install or rekey a security device required by this subchapter and deduct the reasonable cost from the tenant ’s next rent payment, as provided by Section 92.164(a)(1), Texas Property Code.
Security Rights. 4.1 The Parties agree on and agree to implement the procedure and steps set out in Sections 4.2 through 4.11 to enable Evonik to obtain one or more executory title(s) in respect of MEMC’s payment of the Settlement Amount (or any parts thereof) (not exceeding the Settlement Amount) that is (are) readily enforceable in Italy and the US and which shall serve as security to Evonik in respect of MEMC’s payment of the Settlement Amount. MEMC undertakes to comply with the provisions set forth in Sections 4.2 through 4.11 and to take such other reasonable actions, make such other statements and otherwise conduct themselves as required from time to time for Evonik to promptly obtain such readily enforceable executory title(s).
Security Rights. 21.1 The Borrower is obliged for the purpose of securing any and all financial obligation(s), whether actual or contingent, whether present or future, whether conditional or unconditional, which the Borrower has or may have to the Agent, the Banks or any of them, under and in connection with this Agreement, to create, and where applicable to cause to create, the following security rights to the satisfaction of the Agent, to the extent legally possible: (a) a first ranking mortgage in favour of ABN AMRO, the Agent and the Banks, substantially in the form of the Deed of Mortgage;
Security Rights. 2.1 The BORROWER or, as the case may be, certain third parties have provided the following Security Rights for the BORROWER's obligations to the LENDERS under the LOAN AGREEMENT as well as for the BORROWER's obligation to the HypoVereinsbank under the HEDGING AGREEMENTS (amended if applicable by the SECURITY RIGHT AMENDMENT AGREEMENTS: - the Assignment Agreement (Project and Delivery Contracts) dated July 28, 1998; - the Assignment Agreement (Insurances) dated July 28, 1998; - the Mortgage Deeds in the amounts of DM 15,000,000.00 and DM 548,000,000.00 dated March 5, 1998 and the Mortgage Purpose Declarations dated July 28, 1998, - the Pledge and Title Transfer Agreements of Shares in the BORROWER (and the shares in Zellstoff- und Papierfabrik Roxxxxxxx Verwaltungs-GmbH) dated July 28, 1998, - the Title Transfer Agreements for MOVABLE PROPERTY dated July 28, 1998, - the PROCEEDS ACCOUNT Pledge Agreement dated December 13, 2000, - the DEBT SERVICE RESERVE ACCOUNT Pledge Agreement dated December 13, 2000; - the INVESTMENT RESERVE ACCOUNT Pledge Agreement dated July 28, 1998; - the Agreement concerning obligations of the shareholders dated July 6, 1998 as amended by Amendment Agreement No. 1 of December 13, 2000 as well as - the PLEDGE AGREEMENT CONCERNING HEDGING AGREEMENTS. In accordance with Articles 19.4.1 (j) and 20.4 of the LOAN AGREEMENT, the BORROWER has undertaken to assign or, as the case may be, transfer by way of security from time to time its rights, title and interest under the insurances to be entered into by the BORROWER in the future, under the future MATERIAL PROJECT CONTRACTS as well as the future transfer of MOVABLE PROPERTY and to grant to the LENDERS such further SECURITY RIGHTS to comply with its negative pledge undertaking contained in Article 19.4.2 (a) of the LOAN AGREEMENT. Under sub-paragraph II. 1 of Amendment Agreement No. 4 to the LOAN AGREEMENT, the above mentioned SECURITY RIGHTS shall provide collateral ranking pari-passu for the claims of the HypoVereinsbank from HEDGING AGREEMENTS to be entered into in the future.
