Credit Security definition

Credit Security means all assets now or from time to time hereafter subjected to a security interest, mortgage or charge (or intended or required so to be subjected pursuant to this Agreement or any other Credit Document) to secure the payment or performance of any of the Credit Obligations, including the assets described in Section 10.1.

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Credit Security is defined in Section 2.1.

Credit Security has the meaning assigned to such term in Section 2.1.

Examples of Credit Security in a sentence

Thereupon, on the Pledgor’s reasonable request and at its cost and expense, the Security Trustee shall execute proper instruments, acknowledging satisfaction of and discharging this Agreement, and shall redeliver to the Pledgor any Credit Security then in its possession.
To the extent it may lawfully do so, the Pledgor absolutely and irrevocably waives and relinquishes the benefit and advantage of, and covenants not to assert against the Secured Parties, any valuation, stay, appraisement, extension, redemption or similar Laws now or hereafter existing which, but for this Section 2.7.2, might be applicable to the sale of the Credit Security made under the judgment, order or decree of any court, or privately under the power of sale conferred by this Agreement, or otherwise.
No Secured Party shall be required to marshal the Credit Security or any guarantee of the Secured Obligations or to resort to the Credit Security or any such guarantee in any particular order, and all of its and their rights hereunder or under any other Secured Debt Document shall be cumulative.
After the occurrence and during the continuance of a Declared Default Date and the giving of the applicable notice, the Pledgor will at its expense render all reasonable assistance to the Security Trustee in collecting on the Credit Security and in enforcing any claims thereon.
Except to the extent prohibited by applicable Law that cannot be waived, this Section 2.7 and the provisions of the Existing Intercreditor Agreement shall govern the Secured Parties’ right to realize upon the Credit Security if any Declared Default Date shall have occurred and be continuing.

More Definitions of Credit Security

Credit Security means any bill of exchange of indebtedness and any other instrument equivalent to such instruments of indebtedness, whether in certified or in book entry form.

Credit Security means credit cover provided by the Consumer in accordance with the provisions of this Clause 8;

Credit Security. Pledged Indebtedness", "Pledged Rights" and "Pledged Stock", as applicable, shall not include:

Credit Security is defined in section 2.1 of the Pledge Agreement.

Credit Security means any bill of exchange of indebtedness and any other instrument equivalent to such instruments of indebtedness, whether in certified or in book entry form. (z) "Monetary liability" means the bank notes and coins in circulation existing in the balance sheet of the Bank.

Credit Security is defined in Section 2.1. 5 1.3. "FACA" means the Federal Assignment of Claims Act, which is set forth in 31 U.S.C. Section 3727 and 41 U.S.C. Section 15.

Credit Security means all assets now or from time to time hereafter in which an Obligor grants a security interest, mortgage or charge (or required so to be subjected pursuant to the Guarantee and Security Agreement or any other Credit Document) to secure the payment or performance of any of the Credit Obligations, including the assets described in section 3.1 of the Guarantee and Security Agreement.