GBG GSA definition

GBG GSA means the general security agreement, as applicable, granted by GBG and the Guarantors in favour of the Trustee, for and on behalf of the Noteholders, on the GBG Charged Property, in a form and content acceptable to GBG, the Guarantors and the Trustee, to secure the Secured Obligations, as described in section 4.1, and as same may be amended, supplemented, restated or replaced from time to time;
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Examples of GBG GSA in a sentence

  • GBG will pay or indemnify the Trustee and the Noteholders against any and all stamp duties, registration fees and similar taxes or charges which may be payable or determined to be payable in connection with the execution, delivery, performance, registration or enforcement of any of the GBG GSA or any of the transactions contemplated by the GBG GSA.

  • GBG shall deliver to the Trustee certificates establishing each such registration, filing or recording, and shall do, observe and perform all matters and things including renewals of such registrations, filings or recordings necessary or expedient to be done, observed and performed for the purpose of creating, perfecting, setting up, rendering opposable, protecting and maintaining the GBG Security Interests as valid and effective Liens with the priority intended to be created and maintained by the GBG GSA.

  • GBG covenants with the Trustee that immediately after the execution of the GBG GSA, GBG shall register, file or record the GBG GSA in all registry offices in all registration divisions where, in the opinion of the Trustee, Counsel or Noteholders representing a majority in principal amount of the Notes, such registration, filing or recording is necessary or of advantage to preserve or protect the GBG Security Interests.

  • II.13.3 Where the partner has made false declarations regarding the lump sum or flat-rate financing, the Agency may impose financial penalties of up to 50% of the total amount of lump sum or flat-rate financing.