Subordination of Lien, Waiver of Set Sample Clauses

Subordination of Lien, Waiver of Set. Off 3 Section 2.05. Notice of Adverse Claims 4 ARTICLE THREE
Sample 1Sample 2See All (6)
AutoNDA by SimpleDocs
Subordination of Lien, Waiver of Set. Off. In the event that the Securities Intermediary has, or subsequently obtains by agreement, by operation of law or otherwise, a security interest in the Securities Accounts or any security entitlement credited thereto, the Securities Intermediary hereby agrees that such security interest shall be subordinate to the security interest created by the Indenture and the Series 20[_]-[_] Supplement. The financial assets and other items deposited to the Securities Accounts will not be subject to deduction, setoff, banker’s lien, or any other right in favor of any person other than as created pursuant to the Indenture and the Series 20[_]-[_] Supplement. Section 5.
Sample 1Sample 2
Subordination of Lien, Waiver of Set. Off In the event that the Intermediary has or subsequently obtains by agreement, by operation of law or otherwise a security interest in the Reserve Account or any security entitlement credited thereto, the Intermediary hereby agrees that such security interest shall be subordinate to the security interest of the Secured Party. The financial assets and other items deposited to the Reserve Account will not be subject to deduction, set-off, banker's lien, or any other right in favor of any person other than the Secured Party (except that the Intermediary may set off the face amount of any amounts which have been credited to the Reserve Account but are subsequently returned unpaid because of uncollected or insufficient funds).
Sample 1
Subordination of Lien, Waiver of Set. Off. In the event that the Securities Intermediary has, or subsequently obtains by agreement, by operation of law or otherwise, a security interest in the Securities Accounts or any security entitlement credited thereto, the Securities Intermediary hereby agrees that such security interest shall be subordinate to the security interest created by the Loan and Security Agreement. The financial assets and other items deposited to the Securities Accounts will not be subject to deduction, set-off, banker’s lien, or any other right in favor of any person other than as created pursuant to the Loan and Security Agreement. Section 5.
Sample 1
Subordination of Lien, Waiver of Set. Off. The Bank hereby agrees that any security interest in any Designated Account it now has or subsequently obtains shall be subordinate to the security interest of the Collateral Agent. The funds deposited into any Designated Account will not be subject to deduction, set-off, banker's lien, or any other right in favor of any Person other than the Secured Parties (except that the Bank may set off (i) all amounts due to the Bank in respect of its customary fees and expenses for the routine maintenance and operation of the Designated Accounts, including overdraft fees, and (ii) the face amount of any checks or other items which have been credited to any Designated Account but are subsequently returned unpaid because of uncollected or insufficient funds).
Sample 1
Subordination of Lien, Waiver of Set. Off. In the event that Depositary Agent has or subsequently obtains by agreement, operation of law or otherwise a Lien on any Depositary Account or in any Account Collateral, Depositary Agent agrees that such Lien shall (except to the extent provided in the next sentence) be subordinate to any Liens of Collateral Agent. The Financial Assets or funds standing to the credit of the Depositary Accounts will not be subject to deduction, set-off, counter-claim, banker’s lien or any other right in favor of Depositary Agent or any Person other than Collateral Agent; provided, however, that Depositary Agent may set off all amounts due to Depositary Agent in respect of its fees and expenses for the maintenance and operation of the Depositary Accounts and its services hereunder, including the fees and expenses referred to in Section 4.5, overdraft fees, and the face amount of any checks or other items which have been credited to the Depositary Accounts but are subsequently returned unpaid or otherwise reversed for any reason.
Sample 1
Subordination of Lien, Waiver of Set 
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs

Related to Subordination of Lien, Waiver of Set

  • Governing Law and Attornment This Agreement shall be governed by the laws of the Province of Alberta and the federal laws of Canada applicable therein and each Party submits to the exclusive jurisdiction of Alberta courts in any proceeding related to this Agreement.

  • No Waiver of Subordination Provisions (a) No right of any present or future holder of any Senior Debt to enforce subordination as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Company with the terms, provisions and covenants of this Indenture, regardless of any knowledge thereof that any such holder may have or be otherwise charged with.

  • Subordination and Attornment 34.1. Subject to the delivery of the non-disturbance agreements described in this Article 34 as a condition precedent to any such subordination, this Lease shall be subject and subordinate to the lien of any mortgage, deed of trust, or lease in which Landlord is tenant now or hereafter in force against the Premises or any portion thereof and to all advances made or hereafter to be made upon the security thereof without the necessity of the execution and delivery of any further instruments on the part of Tenant to effectuate such subordination. In consideration of, and as a condition precedent to, Tenant’s agreement to permit its interest pursuant to this Lease to be subordinated to any particular future ground or underlying lease of the Building or the Premises or to the lien of any mortgage or trust deed, hereafter enforced against the Building or the Premises and to any renewals, extensions, modifications, consolidations and replacements thereof, Landlord shall deliver to Tenant a non-disturbance agreement on (a) the form of non-disturbance agreement customarily used by the lessor under such ground lease or underlying lease or the holder of such mortgage or trust deed or (b) another commercially reasonable form, provided in either instance that such form (i) is reasonably acceptable to Tenant, and (ii) recognizes Tenant’s Purchase Option. Landlord’s delivery to Tenant of non-disturbance agreement(s) in favor of Tenant from any ground lessors, mortgage holders or lien holders of Landlord who later came into existence at any time prior to the expiration of the Term shall be in consideration of, and a condition precedent to, Tenant’s agreement to be bound by the terms of this Article 34. Tenant shall be entitled, at Tenant’s sole cost and expense, to record any such non-disturbance agreement promptly after full execution and delivery of such agreement.

  • Waiver of Liability Seller hereby waives, acquits, and forever releases, and agrees to defend and hold harmless, the Agency, its officer(s), director(s), employee(s), contractor(s), associate(s), and representative(s) from any responsibility or liability whatsoever concerning any photos or videos generated from the Photographic Services or their distribution.

Time is Money Join Law Insider Premium to draft better contracts faster.