Assignation in Security definition

Assignation in Security means any assignation in security of the Issuer's interest in the Scottish Trust Property granted pursuant to the terms of the Deed of Charge and Assignment and being substantially in the form set out in either Part A or Part B of Schedule 4 (Assignation in Security) of the Deed of Charge and Assignment.
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Assignation in Security means any assignation in security of the Issuer's interest in the Scottish Trust Property granted pursuant to the terms of the Deed of Charge and Assignment and being substantially in the form set out in Schedule 3 (Assignation in Security) of the Deed of Charge and Assignment.
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Assignation in Security means each and any assignation in security in relation to the Project Documents (but excluding the Collateral Warranty) from time to time executed or to be executed by the Issuer for the benefit of the Security Trustee to supplement or replace or in order to give (or evidence) security (or any other form of support) for the performance of the obligations of the Issuer under the Finance Documents;
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Examples of Assignation in Security in a sentence

  • In relation to each Utilisation other than the first Utilisation, to the extent that the same have not previously been delivered to the Security Trustee each Supplemental Scottish Declaration of Trust delivered to the Borrower on an Additional Purchase Date occurring on or prior to such Utilisation Date and a Supplemental Assignation in Security in relation to each such Supplemental Scottish Declaration of Trust.

  • On each Additional Purchase Date, the Borrower shall deliver to the Security Trustee the duly executed Supplemental Scottish Declaration of Trust delivered to it on such Additional Purchase Date in accordance with clause 4.4 (Sale and Purchase of Receivables) of the Receivables Sale Agreement and a duly executed Supplemental Assignation in Security in relation to such Supplemental Scottish Declaration of Trust in accordance with clause 3.4(A) (Scottish Security) of the Security Trust Deed.

  • The Notes and the obligations of the Issuer under the Transaction Documents will be secured by and in accordance with the provisions of the Trust Agreement, the Deed of Charge and Assignment and the Assignation in Security on the Closing Date.

  • The assets of the Issuer are not encumbered with rights of third parties ("Encumbrances"), other than, upon execution of the Trust Agreement, the Deed of Charge and Assignment and the Assignation in Security, the Encumbrances under the Trust Agreement, the Deed of Charge and Assignment and the Assignation in Security.

Related to Assignation in Security

  • Guarantor Security Agreement means any security agreement executed by any Guarantor in favor of Agent securing the Obligations or the Guaranty of such Guarantor, in form and substance satisfactory to Agent.

  • Assumption Agreement has the meaning specified in Section 2.18(d)(ii).

  • the obligors on a note means "the obligor or obligors on a note"). "Until [something occurs]" does not imply that it must occur, and will not be modified by the word "unless." The word "due" and the word "payable" are each used in the sense that the stated time for payment has passed. The word "accrued" is used in its accounting sense, i.e., an amount paid is no longer accrued. In the calculation of amounts of things, differences and sums may generally result in negative numbers, but when the calculation of the excess of one thing over another results in zero or a negative number, the calculation is disregarded and an "excess" does not exist. Portions of things may be expressed as fractions or percentages interchangeably.

  • Successor Security of any particular Security means every Security issued after, and evidencing all or a portion of the same debt as that evidenced by, such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 3.7 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Security.

  • Insurance Add-On Amount means the premium charged to the Obligor in the event that the Servicer obtains Force-Placed Insurance pursuant to Section 4.4.