Standard Security Clause Samples

Standard Security. Foster Wheeler Energy will on the date of this Agreement, as security ▇▇▇ ▇▇▇▇▇▇▇ ▇f the Secured Liabilities, enter into and deliver to the Collateral Agent a validly subscribed Standard Security in the form set out in Schedule 9 in respect of Scottish Property belonging to Foster Wheeler Energy on the date of this Agreement, together with (1) ▇ ▇▇▇▇▇▇ ▇▇▇ registration dues (2) a cheque for Companies House dues (3) a Form 10/12 report in respect of the Scottish Property, together with personal searches against and a Search in the Register of Charges/Mortgage Register and the Company file of Foster Wheeler Energy, all brought down to a date as near as practica▇▇▇ ▇▇ ▇▇▇ ▇▇▇e of this Agreement and showing no entries adverse to Foster Wheeler Energy's interest in the Scottish Property or to its a▇▇▇▇▇▇ ▇▇ ▇▇▇▇t the Standard Security and (4) Foster Wheeler Energy solicitor's letter of obligation in normal form.
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Standard Security. 2.1 In continuing security for payment and discharge of all the Secured Liabilities, the Company hereby grants a Standard Security in favour of the NLF over the Property. 2.2 The Standard Conditions specified in Schedule 3 of the Conveyancing and Feudal Reform (Scotland) Acts 1970 and 1971 as varied (i) herein and by (ii) the Contribution Agreement and by (iii) the Debenture shall apply and where any inconsistency shall arise between (a) the said Standard Conditions, and (b) the terms of the Contribution Agreement or (c) the terms of the Debenture, then the terms of the Contribution Agreement shall prevail and shall have effect in preference to the said Standard Conditions and the Debenture and where any inconsistency shall arise between (a) the said Standard Conditions and (b) the terms of the Debenture then the terms of the Debenture shall prevail and shall have effect in preference to the said Standard Conditions; Notwithstanding this clause 2.2 nothing shall prevent or restrict NLF rights and powers under Standard Condition 10; Provided Always that (i) the Company shall not be deemed to be in breach of any Standard Conditions (a) if it has complied with the obligations imposed on it by the Contribution Agreement which relates to the same subject matter as the relevant Standard Condition and (b) where such breach is as a consequence of the Company complying with its obligations under the Contribution Agreement and (ii) the Standard Conditions shall not be construed so as to impose more onerous obligations on the Company to the NLF than under the Contribution Agreement. 2.3 Without prejudice to the generality of the foregoing Clause 2.2, the Standard Conditions referred to therein shall be varied so that (i) notwithstanding Standard Condition 5, Insurance shall be effected in accordance with Clause 7.6 of the Debenture and (ii) notwithstanding Standard Condition 9, default of the Company in terms hereof shall be determined exclusively by reference to the Default Events contained in Clause 17 of the Contribution Agreement and the Company shall only be held to be in default where such an Default Event is continuing. 2.4 The Company acknowledges the rights and powers of the NLF under this Standard Security are subject to Clause 1.5 of the Debenture. 2.5 The Company hereby confirms that it is the sole legal and beneficial owner of the Property.
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Related to Standard Security

  • Password Security Any password we provide to you may be used only during the Term to access Seller Central (or other tools we provide) to use the Services, electronically accept Your Transactions, and review your completed Transactions. You are solely responsible for maintaining the security of your password. You may not disclose your password to any third party (other than third parties authorized by you to use your account or Seller Central in accordance with this Agreement) and are solely responsible for any use of or action taken under your password. If your password is compromised, you must immediately change your password.

  • Access and Security Customer shall employ all physical, administrative and technical controls, screening and security procedures and other safeguards necessary to: (a) securely administer the distribution and use of all Access Credentials and protect against any unauthorized access to or use of the Hosted Services; and (b) control the content and use of Customer Data, including the uploading or other provision of Customer Data for Processing by the Hosted Services.

  • E7 Security The Authority shall be responsible for maintaining the security of the Authority premises in accordance with its standard security requirements. The Contractor shall comply with all security requirements of the Authority while on the Authority premises, and shall ensure that all Staff comply with such requirements.

  • Collateral and Security Section 10.01.

  • Password and Security If you are issued or create any password or other credentials to access the Service or the portion of the Site through which the Service is offered, you agree not to give or make available your password or credentials to any unauthorized individuals, and you agree to be responsible for all actions taken by anyone to whom you have provided such credentials. If you believe that your credentials have been lost or stolen or that someone may attempt to use them to access the Site or Service without your consent, you must inform us at once at the telephone number provided in Section 6 of the General Terms above. See also Section 16 of the General Terms above regarding how the timeliness of your notice impacts your liability for unauthorized transfers.