Additional Transaction Security definition

Additional Transaction Security means the Security set out in paragraph (d) and (e) in the definition of Security Document.
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Additional Transaction Security means the guarantees and Security listed in Clause 2.6 (Additional Transaction Security) to be put in place in favour of the Bond Trustee (on behalf of the Bondholders, the OKEA02 Bondholders and the bondholders under Additional Secured Bonds, if applicable) after the date of the release from the Escrow Account.
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Additional Transaction Security means the Security granted to or to be granted to secure the Secured Obligations pursuant to the Transaction Security Documents referred to in paragraph (b) of the definition of Transaction Security Documents.
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Examples of Additional Transaction Security in a sentence

  • Despite anything to the contrary in this Agreement, any Pari Passu Debt which does not benefit from the Initial Transaction Security Documents will nonetheless be deemed and treated for the purposes of the Finance Documents and Clause 15 (Application of proceeds) as secured by the Initial Transaction Security Documents and the Additional Transaction Security Documents pari passu with other Liabilities which would otherwise have the same ranking as contemplated by Clause 20.3 (Pari Passu Effective Date).

  • The Issuer shall, and shall ensure that a relevant Group Company, grants the Additional Transaction Security as soon as reasonably possible after any Newbuild SPV and Newbuild Holdco (as applicable) have been established, in each case on terms satisfactory to the Trustee.