Continuing Security definition

Continuing Security. The security created under or pursuant to this Second Priority Funding Deed of Charge shall be: (a) in addition to and independent of and shall not operate so as to prejudice or affect or merge in any other security, right of recourse or other right whatsoever which may be held by any of the Funding Secured Creditors or the Security Trustee on their behalf in respect of the whole or any part of the Funding Secured Obligations and shall not be affected by any release, reassignment or discharge of such other security; and (b) a continuing security for the Funding Secured Obligations and shall remain in force as continuing security for the Funding Secured Creditors and shall not be considered as satisfied or discharged by any intermediate payment or settlement of the whole or any part of the Funding Secured Obligations or the existence at any time of a credit balance on any current or other account or any other matter or thing whatsoever.
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Continuing Security means any Security listed in Schedule 13 (Continuing Security).
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Continuing Security means any Security listed in Schedule 16 (Continuing Security).
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Examples of Continuing Security in a sentence

  • Nothing in this Acknowledgement of Continuing Security Interest and the Security Agreement shall preclude any party from seeking equitable relief from a court of competent jurisdiction.

  • This schedule should be completed by the Debtor (the owner of the Collateral) described in the Continuing Security Agreement to which this form is attached, if the Collateral is located at or will be relocated to, any place other than the Debtor’s address set forth in the Continuing Security Agreement.

  • Continuing Security Interest; Termination.........................13 SECTION 26.

  • No act to take or dispose of any collateral securing this Acknowledgement of Continuing Security Interest and the Security Agreement shall constitute a waiver of this arbitration agreement or be prohibited by this arbitration agreement.

  • Among other documents executed contemporaneously with the Credit Agreement were a Continuing Security Agreement and UCC-1 Financing Statements (collectively, the “Loan Documents”).

  • Bank and Grantor agree that all disputes, claims and controversies between them, whether individual, joint, or class in nature, arising from this Acknowledgement of Continuing Security Interest and the Security Agreement, including without limitation contract and tort disputes, shall be arbitrated pursuant to the rules of the American Arbitration Association (“AAA”) in accordance with its Commercial Arbitration Rules and Supplemental Procedures for Financial Services Disputes, upon request of either party.

  • Thereafter, if requested in writing by CWI, the Carrier will add additional amounts to the Initial Security Deposit such that the total amount of security deposit being held by CWI at all times is at least equal to the "Continuing Security Deposit".

  • Thereafter, if requested in writing by "MEGW" the Customer will add additional amounts to the Initial Security Deposit such that the total amount of security deposit being held by "MEGW" at all times is at least equal to the "Continuing Security Deposit".

  • Continuing Security Interest; Assignments under the Credit Agreement...23 [28].

  • Continuing Security Interest; Transfers Under the Note Purchase Agreement.............................................


More Definitions of Continuing Security

Continuing Security means the Security remains as long as there is outstanding Indebtedness.
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Continuing Security. This Charge is given as general and continuing security for the Secured Obligations and not in substitution for or in satisfaction thereof. The terms and conditions of this Charge shall remain binding and effective on the parties hereto until discharged by the Chargee as contemplated in the Loan Agreement hereof and shall not merge in or be extinguished by any other Loan Document or any judgment taken against the Chargor or any other Person for breach of its obligations under this Charge or any other Loan Document. The Secured Obligations will be paid without regard to any equities between the Chargor, and the Chargee or any other Person or any right of set-off or counterclaim.
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Continuing Security means shares of common stock in WEA.
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Continuing Security means the Security remains for as long as there is outstanding Indebtedness
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Continuing Security. This Guarantee is a continuing security to the Security Agent and each Beneficiary and will continue in full force until no sum remains payable under the Finance Documents and the Beneficiaries have irrevocably received or recovered all sums payable under the Finance Documents irrespective of whatever dealings may occur on any account between the Security Agent or such Beneficiary and the Principal.
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Related to Continuing Security

  • Existing Security means any Security granted by any Person over its Assets in respect of any Relevant Indebtedness and which is existing at the relevant Issue Date or at the time any such Person becomes a Material Subsidiary or whose business and/or activities, in whole or in part, are assumed by or vested in the Issuer or a Material Subsidiary after the relevant Issue Date (other than any Security created in contemplation thereof) or any substitute Security created over those Assets (or any part thereof) in connection with the refinancing of the Relevant Indebtedness secured on those Assets provided that the principal, nominal or capital amount secured on any such Security may not be increased;

  • participating security means a security title to units of which is permitted by an operator to be transferred by means of a relevant system;

  • voting security means a security of the Company that:

  • Existing Security Documents shall have the meaning assigned to such term in the recitals hereto.

  • non-voting security means a restricted security that does not carry the right to vote generally, except for a right to vote that is mandated, in special circumstances, by law;