The Security Providers Sample Clauses
The 'Security Providers' clause defines the parties responsible for granting security interests in support of an agreement, such as guarantors or collateral providers. It typically identifies who these parties are, outlines their obligations, and specifies the types of security they must provide, such as pledges over assets or guarantees. By clearly designating the security providers and their roles, this clause ensures that the beneficiary of the agreement has recourse to additional parties or assets if the primary obligor defaults, thereby reducing credit risk and enhancing the enforceability of the agreement.
The Security Providers. (a) It is incorporated or organized under the laws of the jurisdiction as set forth in Schedule 1 (Security Providers’ Information) hereto.
(b) Its exact legal name, as it appears in the public records of its jurisdiction of incorporation or organization is as set forth in Schedule 1 (Security Providers’ Information) hereto. It has not changed its name, whether by amendment of its organizational documents, reorganization, merger or otherwise, since the date as set forth in Schedule 1 (Security Providers’ Information) hereto.
The Security Providers. (a) Each Security Provider must not (i) change the jurisdiction of its incorporation or organization, nor (ii) change its name without, in each case, providing the Security Agent with 30 days’ prior written notice.
(b) Subject to applicable law, each Security Provider permits the Security Agent and its agents and representatives, during normal business hours and upon reasonable notice, to inspect the Collateral, to examine and make copies of and abstracts from its books and records pertaining to the Collateral, and to discuss matters relating to the Collateral directly with such Security Provider’s officers and employees.
(c) At the Security Agent’s request, each Security Provider must provide the Security Agent with any information concerning the Collateral that the Security Agent may reasonably request.
The Security Providers. Shenzhen Daotong is a company incorporated in the PRC with limited liability and is principally engaged in industrial investment and logistics. As at the date of the announcement, Shenzhen Daotong holds approximately 97.69% of the equity interest of the Lessee.
The Security Providers. Anhui Pacific is a company incorporated in the PRC with limited liability and is principally engaged in cable research and development, production and sales. As at the date of the announcement, Anhui Pacific is the largest downstream customer of the Lessee.
The Security Providers. (a) Each Security Provider must preserve its corporate existence and will not, in one transaction or a series of related transactions, merge into or consolidate with any other entity, or sell all or substantially all of its assets.
(b) No Security Provider may change the jurisdiction of its incorporation or organization.
(c) No Security Provider may change its name without providing the Security Trustee with 30 days’ prior written notice.
(d) Each Security Provider must keep at its address indicated in Clause 18 (Notices) its corporate records and all records, documents and instruments constituting, relating to or evidencing Collateral.
(e) Each Security Provider permits the Security Trustee and its agents and representatives, during normal business hours and upon reasonable notice, to inspect the Collateral, to examine and make copies of and abstracts from the records referred to in paragraph (d) above, and to discuss matters relating to the Collateral directly with each Security Provider’s officers and employees.
(f) At the Security Trustee’s request, each Security Provider must provide the Security Trustee with any information concerning the Collateral that the Security Trustee may reasonably request.
The Security Providers. Gorun Energy is a company incorporated in the PRC with limited liability and is principally engaged in engineering, procurement construction, investment and development of new energy and related technology and equipments.
The Security Providers. Sharpower New Energy is a company established in the PRC and is holding 100% equity interest in the Lessee, whose principal business is the investment in wind power, photovoltaic and related technology services. Sharpower Technology is a company established in the PRC and is holding 100% equity interest in Sharpower New Energy, whose principal business is the investment in, development and operation of power station (especially in the new energy industry) and supplying wind power equipment.