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;

Existing Security means any Security created to secure the Existing Indebtedness.

Existing Security means, in relation to each Existing Facility Agreement, any Security Interest created to secure the Existing Indebtedness (or any part thereof) under that Existing Facility Agreement;

Examples of Existing Security in a sentence

Existing Security means the existing security entered into in connection with the Existing Senior Facility and the Senior Notes and Senior Discount Notes as set out in Schedule 6 (Existing Security).

More Definitions of Existing Security

Existing Security means the existing Security listed in Schedule 9 (Existing Security, Guarantees and Intercompany Loans).

Existing Security means any Security described in schedule 6 of the Intercreditor Agreement mutatis mutandis.

Existing Security means all security under the Existing Bonds.

Existing Security means the security provided in favour of Swedbank AB (publ) in order to secure all obligations of the Target under its existing financial arrangements with Swedbank AB (publ).

Existing Security means all security previously granted by Borrower or by one of its Subsidiaries to Banks pursuant to the Collateral Documents and other Loan Documents.