German Security Agreement definition

German Security Agreement means, collectively, (i) any Security Agreement, including all sub-parts thereto, among any German Guarantors (and such other Persons as may be party thereto) and the Collateral Agent and/or the Revolving Credit Collateral Agent in its capacity as agent for the Secured Parties pursuant to the terms of the Intercreditor Agreement and the other Loan Documents, among others, for the benefit of the Secured Parties, (ii) each pledge agreement, mortgage, security agreement, guarantee or other agreement that is entered into by any German Guarantor or any Person who is the holder of Equity Interests in any German Guarantor in favor of the Collateral Agent and/or the Revolving Credit Collateral Agent in its capacity as agent for the Secured Parties pursuant to the terms of the Intercreditor Agreement and the other Loan Documents, and (iii) any other pledge agreement, mortgage, security agreement or other agreement entered into pursuant to the terms of the Loan Documents, in each case of clauses (i), (ii) and (iii), that is governed by the laws of Germany (or any subdivision thereof), securing the Secured Obligations, and entered into pursuant to the terms of this Agreement or any other Loan Document, as the same may be amended, restated or otherwise modified from time to time.

German Security Agreement means, collectively, any Security Agreement substantially in the form of Exhibits M-5-1 to 7 among the German Guarantors and the Collateral Agent for the benefit of the Secured Parties.

German Security Agreement means any Collateral Document which is governed by German law.

Examples of German Security Agreement in a sentence

• Notwithstanding Sections 9.1 through 9.12, the Administrative Agent shall hold, administer and enforce any security interest which is assigned or transferred to it pursuant to the German Security Agreement as trustee or agent for the benefit of the Secured Parties and each Lender appoints the Administrative Agent to act on its behalf as trustee (Treuhänder) under German law with regard to any security interest created by the German Security Agreement.

• Favorable written opinions (addressed to Administrative Agent and the Lenders and dated the Effective Date) of (i) external New York counsel to the Borrower, regarding the Transactions and such other matters as Administrative Agent shall reasonably request, (ii) external Canadian counsel to the Administrative Agent, regarding the Liens granted under the Canadian Security Agreement and (iii) external German counsel to the Administrative Agent, regarding the Liens granted under the German Security Agreement.

• See "Description of Note Trust Deed and Issuer Security Documents – Note Trust Deed"for further information.PartyNameAddressDocument under which appointed/further informationIssuer Security TrusteeU.S. Bank Trustees Limited125 Old Broad StreetLondon EC2N 1ARThe Issuer Security Trustee will act as security trustee and will hold on trust for itself and the other Issuer Secured Creditors the security granted to it by the Issuer pursuant to the Issuer Deed of Charge and the German Security Agreement.

• Issuer Security As security for its obligations under, among other things, the Notes, the Issuer will grant fixed and floating security interests over all its assets and undertakings (other than the Issuer Proceeds Account and the Class X Account) (which assets and undertakings comprise, primarily, its rights in respect of the Securitised Loan and the associated Loan Security) in favour of the Issuer Security Trustee under the Issuer Deed of Charge and the German Security Agreement.

• The Collateral granted under any German Security Agreement to the Collateral Agent to secure the Parallel Debt is granted to the Collateral Agent in its capacity as creditor of the Parallel Debt.

More Definitions of German Security Agreement

German Security Agreement means each of the security documents expressed to be governed by the laws of Germany (as modified, supplemented, amended or amended and restated from time to time) covering certain of such Loan Party’s present and future Collateral located in, or subject to the laws of, Germany.

German Security Agreement means each German Account Pledge Agreement, each German Global Assignment Agreement, each German IP Transfer and Assignment Agreement, each German Land Charge Deed, each German Partnership Interest Pledge Agreement, each German Security Purpose Agreement, each German Share Pledge Agreement, each German Security Transfer Agreement, and each German Security Trust Agreement as the same may be amended, restated or otherwise modified from time to time, and any other pledge or security agreement entered into or acknowledged or consented to (as appropriate), after the date of this Agreement, by any other German Loan Party (as required by this Agreement or any other Loan Document for the purpose of creating a Lien on the property of any German Loan Party (or any other property located in Germany)), as the same may be amended, restated or otherwise modified from time to time.

German Security Agreement means each of the Security Documents expressed to be governed by the laws of Germany covering any Note Party’s present and future Collateral located in, or subject to the laws of, Germany.

German Security Agreement means, individually and collectively as the context may require, each pledge agreement, assignment agreement, security transfer agreement, guarantee or other agreement, including any supplements or confirmations thereto, that is entered into by any German Loan Party or any Person who is the holder of Equity Interests in any German Loan Party in favor of the Collateral Agent and/or any Lender, and any other pledge agreement, assignment agreement, security transfer agreement or other agreement entered into pursuant to the terms of the Loan Documents that is governed by the laws of Germany, securing the Obligations, in each case in form and substance satisfactory to the Administrative Agent and entered into pursuant to the terms of this Agreement or any other Loan Document, as the same may be amended, restated, supplemented or otherwise modified from time to time.

German Security Agreement means the security transfer agreement governed by German law dated as of the date hereof, between the Borrower as "Transferor", and the Administrative Agent as "Transferee", in form and substance reasonably acceptable to the Administrative Agent.

German Security Agreement means the security transfer agreement dated as of March 31, 2016 (as amended, supplemented or otherwise modified from time to time), between the Borrower as "Transferor", and the Administrative Agent as "Transferee".

German Security Agreement shall have the meaning provided in Section 7.11(b).