Bank Security definition

Bank Security means any “Security” or any “Undertaking to Secure” in each case as defined in the Credit Agreement.
Bank Security means the security created in favour of the Secured Lenders (as that term is defined in the relevant Security Documents) by the Security Documents;
Bank Security means each and every security referred to in Article 9 of the VL Credit Agreement and includes all contracts and documents pursuant to which said security is now or hereafter granted or which are accessory to the granting of same and includes, without limitation, the security documents listed in Schedule "A" hereto;

Examples of Bank Security in a sentence

  • The Procuring Agency shall issue Purchase Order on the same date of signing of Contract after ensuring the submission of Bank Security for execution of the contract by the Contractor.

  • All tenders received without EMD / Bank Security shall be rejected12.Other types of acceptable securities: NA Sl. No.D. Submission and Opening of Bids1.For bid submission purposes only, the address is Assistant Registrar (S&P), Stores and Purchase Section, National Institute of Technology, Tiruchirappalli, 620015.

  • Guarantor shall have no objection to invocation of the Performance Bank Security submitted by the Bidder on behalf The Guarantor represents and confirms that the Guarantor has the legal capacity, power and authority to issue this Guarantee and that giving of this Guarantee and the performance and observations of the obligations hereunder do not contravene any existing laws.

  • In case of award of contract to the bidder, the Guarantor shall provide Performance Bank Security to BHAGYANAGAR Gas, equivalent to 50% of the value of Performance Bank Security to be submitted by the bidding company, in the prescribed format within 15 days from the date of Fax of Acceptance, as guarantee for performance by the bidder/contractor.

  • Also, if any act of the Contractor results in imposition of Liquidated Damages, then the Bank reserves the right to invoke the Performance Bank Security.


More Definitions of Bank Security

Bank Security means, individually or collectively, all Security granted or to be granted by the Borrower and the Guarantor to the Bank to guarantee the repayment of the Bank Debt;
Bank Security means any “Security” as defined in the Credit Agreement. “Banks” means the lenders from time to time a party to the Credit Agreement. “Blocked Person” is defined in Section 5.16(a). “Business Day” means (a) for the purposes of Section 8 . 9 only, any day other than a Saturday, a Sunday or a day on which commercial banks in New York City are required or authorized to be closed, and (b) for the purposes of any other provision of this Agreement, any day other than a Saturday, a Sunday or a day on which commercial banks in Xxx Xxxx Xxxx xx Xxxxxxx, Xxxxxxx, Xxxxxx are required or authorized to be closed . Schedule B - 2 4894 - 1149 - 4424 v2
Bank Security means all Security other than the Notes Security.
Bank Security shall have the meaning ascribed to such term in the Intercreditor Agreement.
Bank Security means all Encumbrances entered into in connection with the Bank Debt;
Bank Security means a Letter of Credit or a Bank Guarantee, as applicable;
Bank Security means any and all security granted by CWCO and/or Cayman Water to the Bank pursuant to the Loan Agreement, including but not limited to: