Additional Security Provider definition

Additional Security Provider means a company that becomes an Additional Security Provider in accordance with Clause 28 (Changes to the Obligors) of the 2009 Financing Agreement.

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Additional Security Provider means any entity providing Additional Security and, where the context so requires, means any entity issuing any replacement Additional Security pursuant to clause 25;

Additional Security Provider means a company which becomes a Security Provider in accordance with clause 23.32 (Security Providers) or clause 26.2 (Additional Security Providers).

Examples of Additional Security Provider in a sentence

The Borrower shall not (and shall ensure no member of the Group shall) cause or permit any member of the Group which is a Dormant Subsidiary to commence trading or cease to satisfy the criteria for a Dormant Subsidiary unless such Dormant Subsidiary becomes an Additional Security Provider in accordance with clause 26.2 (Additional Security Providers).
All representations in Clause 5 of the Security Agreement are made by [name Additional Security Provider] and the Company on the date of this Accession Letter and are deemed to be made by [name Additional Security Provider] and the Company on each date representations are to be repeated under the Credit Agreement.
An Accession Letter, duly executed by the Additional Guarantor or Additional Security Provider and the Parent.
The Lessee acknowledges that the Lessor will undertake a review of the transaction constituted by this Agreement and the other Lease Documents, (taking into account, but without limitation, the return to the Lessor from such transaction and the business, operations, prospects and creditworthiness of the Guarantor, the Lessee, each Payment Bank (including any proposed replacements) and any other Additional Security Provider).
The Borrower shall not (and shall ensure no member of the Group shall) cause or permit any member of the Group which is a Dormant Subsidiary to commence trading or cease to satisfy the criteria for a Dormant Subsidiary unless such Dormant Subsidiary becomes an Additional Security Provider in accordance with clause 26.2 (Additional Security Provider).

More Definitions of Additional Security Provider

Additional Security Provider means any Supplemental L/C Bank, any Replacement L/C Bank and any other entity providing Additional Security;

Additional Security Provider means any entity to which the Lessor has recourse under Additional Security;

Additional Security Provider means any person providing Additional Security;