Examples of Existing Security Agent in a sentence
The Existing Security Agent (at the cost of the Company) undertakes in favour of the New Security Agent to do all such acts and things and execute all such further agreements, deeds or other documents as the New Security Agent may reasonably require to ensure that its entitlement under the Finance Documents as Security Agent are vested in the New Security Agent.
The Bank Finance Parties in respect of each Secured Facilities Agreement may enforce the relevant First Ranking Asset Level Security through the relevant Existing Security Agent in accordance with the terms of the relevant Bank Finance Documents subject to ongoing regular notification to the Common Security Agent and the Noteholders’ Security Agent and keeping them updated at regular intervals on the progress of the enforcement action.
Notwithstanding any other provision of this Agreement, the Existing Security Agent shall retain the benefit of any indemnity granted in its favour under any Existing IP Transaction Security Document with respect to any matters or events occurring before the date of this Agreement.
No Shipowner shall settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Common Security Agent or relevant Existing Security Agent, as applicable, to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.
The Existing Security Agent and Sxxxxx PLC are entering into this Agreement solely for the purposes of giving effect to Clause 27 (Amendments to Existing Arrangements).
With effect from the date of this Agreement, the Existing Security Agent, acting on the instructions of an Original Lender (which are deemed to be given pursuant to its execution of this Agreement), confirms that the Common Security Agent is hereby appointed as successor security agent under the Existing IP Transaction Security Documents, as amended by this Clause 27 in place of the Existing Security Agent.
The output voltage control loop is implemented in the DSP and has a phase margin of 60º and a cut-off frequency of 300Hz. Finally, LEM LA 55-P current and LEM LV 25-P voltage sensors are used in the measuring board.Fig.
Each Shipowner shall punctually pay all premiums or other sums payable in respect of the obligatory insurances and produce all relevant receipts when so required by the Common Security Agent or relevant Existing Security Agent, as applicable.
Each Shipowner, at its sole expense, shall submit the Ship owned by it regularly to all periodical or other surveys which may be required for classification purposes and, if so required by the Common Security Agent or relevant Existing Security Agent, as applicable, provide the Common Security Agent or relevant Existing Security Agent, as applicable, at that Shipowner's sole expense, with copies of all survey reports.
Non-avalanche terrain is defined as terrain which does not meet the criteria established under the ATES scale (Table 1).