Security; Security Documents. (a) The due and punctual payment of the principal of, interest on and Additional Amounts, if any, on the Notes and the Note Guarantees when and as the same shall be due and payable, whether on an Interest Payment Date, at maturity, by acceleration, repurchase, redemption or otherwise, interest on the overdue principal of and interest (to the extent permitted by law), if any, on the Notes and Note Guarantees and performance of all other obligations under this Indenture, shall be secured as provided in the Security Documents. The Trustee, the Security Agent, the Issuer and the Guarantors hereby agree that, subject to Permitted Collateral Liens, the Security Agent shall hold the Collateral in trust for the benefit of itself, the Trustee and all of the Holders pursuant to the terms of the Security Documents, and shall act as mortgagee or security holder under all mortgages or standard securities, beneficiary under all deeds of trust and as secured party under the applicable security agreements.
Security; Security Documents. (a) The due and punctual payment of the principal of, and interest and Additional Amounts, if any, on, the Notes and the Note Guarantees when and as the same shall be due and payable, whether on an Interest Payment Date, at maturity, by acceleration, repurchase, redemption or otherwise, interest on the overdue principal of and interest (to the extent permitted by law), if any, on, the Notes and Note Guarantees and performance of all other obligations under this Indenture, shall be secured as provided in the Security Documents to be entered into within the time periods set forth on Schedule II attached hereto. The Trustee, the Security Agent, the Issuer and the Guarantors hereby agree that, subject to Permitted Collateral Liens and the terms of each Intercreditor Agreement, the Security Agent is hereby appointed as trustee and shall hold the Collateral in trust for the benefit of itself, the Trustee and all of the Holders pursuant to the terms of the Security Documents and each Intercreditor Agreement, and shall act as mortgagee or security holder under all mortgages or standard securities, beneficiary under all deeds of trust and as secured party under the applicable security agreements. The Security Agent hereby accepts its appointment as trustee of the Collateral with effect from the date of this Agreement and subject to the terms of each Intercreditor Agreement, declares that it holds the Collateral in trust for the benefit of itself, the Trustee and all the other Holders in accordance with this Agreement and the other provisions of the Security Documents and each Intercreditor Agreement.
Security; Security Documents. (a) (1) The Company hereby agrees, for the benefit of the Holders of the Notes, the Trustee and the Security Trustee to grant a mortgage, charge and/or pledge of, and security interest in, or cause the Subsidiary Guarantors to grant a mortgage, charge and/or pledge of, and security interest in, as the case may be, all Collateral owned by the Company and the Subsidiary Guarantors (including the Capital Stock of the Initial Subsidiary Guarantors) on a first priority basis (subject to Permitted Liens) on the Original Issue Date in order to secure the obligations of the Company to the Holders, the Trustee and the Security Trustee under the Notes, the Indenture and the Security Documents and of such Subsidiary Guarantors to the Holders, the Trustee and the Security Trustee under their respective Subsidiary Guarantees. Such Collateral may also secure, on a priority basis, the Company’s and the Subsidiary Guarantors’ respective obligations to the holders of any Permitted Priority Secured Indebtedness Incurred in compliance with Section 4.06, if and when issued.
Security; Security Documents. (a) The due and punctual payment of the principal of, interest on and Additional Amounts, if any, on the Notes and the Note Guarantees when and as the same shall be due and payable, whether on an Interest Payment Date, at maturity, by acceleration, repurchase, redemption or otherwise, interest on the overdue principal of and interest (to the extent permitted by law), if any, on the Notes and Note Guarantees and performance of all other obligations of the Issuer and the Guarantors to the Holders, the Trustee and the Collateral Agent under this Indenture and the Security Documents, shall be secured as provided in the Security Documents. The Trustee, the Collateral Agent, the Issuer and the Guarantors hereby agree that, subject to Permitted Collateral Liens, the Collateral Agent shall hold the Collateral for the benefit of the Secured Parties pursuant to the terms of the Security Documents, and shall act as mortgagee or security holder under all mortgages or standard securities, beneficiary under all deeds of trust and as secured party under the applicable security agreements.
Security; Security Documents. (a) To secure the Obligations of the Company with respect to the Notes and the performance of all other Obligations of the Company under or relating to the Indenture, the Company will on the Issue Date (i) grant, in favor of the Collateral Agent, a first-priority perfected security interest on the Equity Interests now or hereafter acquired of GeoPark Chile and GeoPark Colombia of the Company (collectively, the “Initial Share Collateral”), (ii) grant, in favor of the Collateral Agent, a first-priority perfected security interest in the Initial Intercompany Loans (the “Initial Intercompany Loan Collateral”), (iii) deliver a Promissory Note in the form of a xxxxxx con carta de instrucciones, in the name of the Company issued by GeoPark Xxxxxx SAS relating to the Initial Intercompany Loans between the Company and GeoPark Xxxxxx and endorse it in guaranty in the name of the holder and physically deliver it to the Collateral Agent (the “Initial Xxxxxx” and, together with the Initial Share Collateral and the Initial Intercompany Loan Collateral, the “Initial Collateral”). After the Issue Date, the Company, Parent and Restricted Subsidiaries will, from time to time, grant in favor of the Collateral Agent a first-priority perfected security interest in the Collateral (subject to Permitted Collateral Liens) as required pursuant to Section 4.12.
Security; Security Documents. (a) The due and punctual payment of the principal of, interest on and Additional Amounts, if any, on the Notes and the Note Guarantees when and as the same shall be due and payable, whether on an Interest Payment Date, at maturity, by acceleration, repurchase, redemption or otherwise, interest on the overdue principal of and interest (to the extent permitted by law), if any, on the Notes and Note Guarantees and performance of all other obligations under this Indenture, shall be secured as provided in the Security Documents and subject to a maximum aggregate amount equal to the Collateral Cap, and subject to any additional limitations set forth therein. The Trustee, the Security Agent, the Issuer and the Guarantors hereby agree that, subject to Permitted Collateral Liens, the Security Agent shall hold the Collateral in trust for the benefit of itself, the Trustee and all of the Holders pursuant to the terms of the Security Documents, and shall act as mortgagee or security holder under all mortgages or standard securities, beneficiary under all deeds of trust and as secured party under the applicable security agreements.
Security; Security Documents. 81 SECTION 11.02. Authorization of Actions to Be Taken by the Security Agent Under the Security Documents...........82
Security; Security Documents. (a) The due and punctual payment of the principal of, interest on and Additional Amounts, if any, on the Notes and the Note Guarantees when and as the same shall be due and payable, whether on an Interest Payment Date, at maturity, by acceleration, repurchase, redemption or otherwise, interest on the overdue principal of and interest (to the extent permitted by law), if any, on the Notes and Note Guarantees and performance of all other obligations under this Indenture, shall be secured as provided in the Security Documents to be entered into no later than four (4) Business Days after the Issue Date. The Trustee, the Security Agent, the Issuer and the Guarantors hereby agree that, subject to Permitted Collateral Liens, the Security Agent is hereby appointed as trustee and shall hold the Collateral in trust for the benefit of itself, the Trustee and all of the Holders pursuant to the terms of the Security Documents, and shall act as mortgagee or security holder under all mortgages or standard securities, beneficiary under all deeds of trust and as secured party under the applicable security agreements. The Security Agent hereby accepts its appointment as trustee of the Collateral with effect from the date of this Agreement and declares that it holds the Collateral in trust for the benefit of itself, the Trustee and all the other Holders in accordance with this Agreement and the other provisions of the Security Documents. 133
Security; Security Documents. (a) The due and punctual payment of the principal of, interest on and Additional Amounts, if any, on the Notes and the Guarantees when and as the same shall be due and payable, whether on an Interest Payment Date, at maturity, by acceleration, repurchase, redemption or otherwise, interest on the overdue principal of and interest (to the extent permitted by law), if any, on the Notes and Guarantees and performance of all other obligations under this Indenture, shall be secured as provided in the Security
Security; Security Documents. (a) To secure the Obligations of the Issuer with respect to the Notes and the performance of all other Obligations of the Issuer under or relating to this Indenture, (i) the Issuer will on the Issue Date grant, in favor of the Collateral Agent (acting directly or through a LSC Sub- Agent), a first-priority perfected security interest on the Equity Interests of GeoPark Colombia directly or indirectly held by the Issuer as of the Issue Date (the “GeoPark Colombia Membership Interest Collateral”) and (ii) the Issuer will use its reasonable best efforts to cause to be granted, as soon as practicable after the Issue Date, in favor of the Collateral Agent, a first-priority perfected security interest on all of the Equity Interests of GeoPark Chile directly or indirectly held by the Issuer as of the Issue Date (the “GeoPark Chile Share Collateral” and, together with the GeoPark Colombia Membership Interest Collateral, the “Initial Collateral”). If the Collateral Agent (acting directly or through a LSC Sub-Agent), for the benefit of the Holders of the Notes, does not, for any reason, have an enforceable, valid first-priority perfected security interest on the GeoPark Chile Share Collateral on or before the date that is 60 days after the Issue Date, the amount of interest otherwise payable on the Notes shall increase by 2.0% per annum (the “Step-Up”) on the aggregate principal amount of Notes held as of the record date preceding the next subsequent Interest Payment Date thereafter, pursuant to the terms of Section 11.11, until such time as the conditions in Section 11.11(b) are satisfied. If the Collateral Agent, for the benefit of the Holders of the Notes, does not, for any reason, have an enforceable, valid first-priority perfected security interest on the GeoPark Chile Share Collateral on or before the date that is 180 days after the Issue Date, such failure will be an Event of Default pursuant to Section 6.01(i)(A)(ii). After the Issue Date, the Issuer and Restricted Subsidiaries will, from time to time, grant in favor of the Collateral Agent a first-priority perfected security interest in the Collateral (subject to Permitted Collateral Liens) as required pursuant to Section 4.12.
