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 all present and future security which the Bank has taken or may hereafter take in support of the Bank Indebtedness.
Examples of Bank Security in a sentence
The Creditor hereby postpones and subordinates the Creditor Security in all respects to and in favour of the Bank Security, and acknowledges that the Bank Security ranks and will continue to rank in priority to the Creditor Security in respect of all of the property and assets of the Company covered by the Bank Security.
More Definitions of Bank Security
Bank Security shall have the meaning ascribed to such term in the Intercreditor Agreement.
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:
Bank Security means all Encumbrances entered into in connection with the Bank Debt;
Bank Security means all Security other than the Notes Security.
Bank Security means all security held by the Bank for repayment of the Bank Debt;
Bank Security means the security agreements (including the Flow Trust) which secure the Bank Credit Facilities against any assets of BZP E&P or participating units of Newco.
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;