General Security or under any other credit, loan or security agreement to which the Borrower and/or any guarantor is a party;
General Security entitlement means an entitlement under the Water Act 1912 which contains a condition specifying that an amount of water taken under the licence is “low security”.
General Security on page 7 of the Commitment Letter shall secure Credit no.: 01 under the Commitment Letter (being the non-revolving credit (the "Non-Revolving Credit") in the principal amount of $20,000,000) and not Credit nos.: 02 and 03 (being the standby letters of credit facilities and herein referred to as the "Letter of Credit Facilities"). The Letter of Credit Facilities shall be secured only by the Specific Security (the "L/C Specific Security") referred to on pages 5 and 6 of the Commitment Letter, respectively, and the General Security shall not attach to the cash collateral which forms part of the L/C Specific Security.
Examples of General Security in a sentence
The Specific Security for each Specific Series is referred to herein together with the General Security as the “Security” granted by the Issuer.
Security for the credit is a promissory note and a General Security Agreement covering all present and after acquired assets.
A General Security Agreement with a floating charge on land registered in Alberta is held as collateral by the bank.
Consequently, the Trustee shall hold the General Security for the benefit of, inter alios, the Noteholders of any General Series and the holders of the Notes of each other General Series which are outstanding.
Such further Notes, if constituted as a General Series, shall be secured on, and only on, the General Charged Assets and on terms that provide for the extinction of all claims in respect of such Notes after application of the proceeds of enforcement of the General Security (or arrangements have been entered into that, to the satisfaction of the Trustee, have a like result).
More Definitions of General Security
General Security. You understand the importance of your role in preventing misuse of your account(s) and you agree to promptly examine your eStatement as soon as you receive it. You agree to protect the confidentiality of your account(s) and account numbers, and your personal identification information. If you suspect that your security code has been compromised, you agree to access the system and change it, or contact us as soon as possible. Password Security: For security reasons, we will require the use of an individualized password to gain access to your account statement(s) through eStatements. Your password requirements are: • Minimum - 8 characters • Maximum - 15 characters • Password Expiration – VSECU requires you to change your password at least every 180 calendar days. The system will automatically prompt you to change your password at that time. • Password Algorithm – Both alpha and numeric (at least one letter and one number) characters are required within the password. Your password is confidential information that should be known only by you. If anyone contacts you and requests this information, contact us immediately at 802/000 000-0000. You are solely responsible for controlling the safekeeping of and access to, your password. Here are some suggestions for maintaining its secrecy: • Memorize your password and never write it down; • Try to use random numbers and letters for your password; • Avoid using a password that could be easily guessed by others (your name, your phone number, your date of birth, etc.); • Always exit your e-mail and log out of eStatements and Online Banking before leaving your computer unattended; • Do not instruct Windows to save your password; and • Change your password immediately if you believe it has been compromised
General Security means a general security over the assets of the Company given under a General Security Agreement in the Auckland District Law Society’s standard form.
General Security or under any other credit, loan or security agreement to which the Borrower is a party which shall have continued for a period of 10 days after written notice thereof has been provided to the Borrower and MDS Inc.;
General Security means an unconditional undertaking for $400,000 as at the date of this Agreement adjusted annually in accordance with clause 24.3.
General Security or under any other credit, loan or security agreement to which the Borrower is a party;
General Security or under any other credit, loan or security agreement to which the Borrower is a party; (iv) any bankruptcy, re-organization, compromise, arrangement, insolvency or liquidation proceedings or other proceedings for the relief of debtors are instituted by or against the Borrower or Wyanx Xxxporation and, if instituted against the Borrower or Wyanx Xxxporation, are allowed against or consented to by the Borrower or Wyanx Xxxporation or are not dismissed or stayed within 60 days after such institution; (v) a receiver is appointed over any property of the Borrower or Wyanx Xxxporation or any judgement or order or any process of any court becomes enforceable against the Borrower or Wyanx Corporation or any property of the Borrower or Wyanx Xxxporation or any creditor takes possession of any property of the Borrower or Wyanx Xxxporation; (vi) any adverse change occurs in the financial condition of the Borrower or any guarantor; (vii) any adverse change occurs in the environmental condition of: (A) the Borrower or any guarantor of the Borrower; or (B) any property, equipment, or business activities of the Borrower or any guarantor of the Borrower. COSTS 10. All costs, including legal and appraisal fees incurred by the Bank relative to security and other documentation, shall be for the account of the Borrower and may be charged to the Borrower's deposit account when submitted. REQUEST FOR ENGLISH 11. This document and all related documents have been drafted in English at the Borrower's request. Ce document et tous les documents y afferents ont ete rediges en anglais a la demande de l'emprunteur. 9 11
General Security. Where applicable, the General Security Agreement to be executed by the Borrower in relation to the Trade Financing Facilities granted to the Borrower by the Bank herein upon terms and conditions contained therein acceptable to the Bank and referred to in Section 5.01 hereof.