BDC Security definition

BDC Security means, individually or collectively, all Security granted or to be granted by the Borrower and the Guarantor to BDC to guarantee the repayment and performance of the Subordinated Debt;
View Source
BDC Security means all registered security interests now or hereafter held by BDC in any or all of the Customer’s present and after acquired personal property to secure present and future debts and obligations of the Customer to BDC;
View Source

Examples of BDC Security in a sentence

  • On the other hand, the realization of the BDC Security remains subject to the subordination provided by the present Agreement as long as it remains in force.

  • If the Bank does not notify BDC in writing that it avails itself of the provisions regarding the implementation of a Standstill Period within a period of ten (10) Business Days from the receipt of the BDC Notice of Intention, BDC may then realize upon the BDC Security and take any measures deemed useful or necessary to protect its rights with respect to the Borrower as if this Agreement had not been executed.

  • If the Borrower or any member of the Borrower Group has not remedied the Event(s) of Default invoked by the Bank before the expiration of the Standstill Period, BDC may then start realizing upon its own Security and take any useful or necessary measures to protect its rights with respect to the Borrower, including the disposition of the Borrower Group Assets subject to the BDC Security.

  • Pursuant to an Offer of Financing dated ____, BDC has agreed to provide a non-revolving loan to ______ the “Borrower”) in a principal amount not exceeding $_____ (the "BDC Financing") the repayment of which is secured by: (the "BDC Security").

  • If any of the BDC Security or the Joint Lender Security is found to be unenforceable, invalid, unregistered or unperfected by a court of competent jurisdiction and all appeals from any such finding have been heard and determined or the period for making any such appeal has expired without an appeal being made, the provisions of this Agreement shall not apply to such Security.