Interim Security Documents definition
Examples of Interim Security Documents in a sentence
The Interim Security Agent may at any time assign or otherwise transfer all or any part of its rights and obligations under this Debenture in accordance with the Interim Security Documents.
Each of the Parties agrees that the Interim Security Agent shall have only those duties, obligations and responsibilities expressly specified in this Agreement or in the Interim Security Documents (and no others shall be implied).
Unless expressly provided to the contrary, the Interim Security Agent shall hold any Interim Security, to the extent legally possible, on trust for the Interim Finance Parties on the terms contained in this Agreement and in accordance with applicable law, and will apply all payments and other benefits received by it under the Interim Security Documents in accordance with the Interim Documents.
No effective financing statement or other instrument similar in effect covering all or any part of the U.S. Collateral is on file in any recording office, except such as may have been filed in favor of WestLB AG, New York Branch as collateral agent in connection with the Interim Security Documents and in favor of the Offshore Collateral Agent relating to this Agreement or in connection with any other Transaction Document.
A copy of the counterparts of each of the following Interim Security Documents executed by Topco and the Company (in each case to the extent they are a party to such document): Topco Limited recourse security agreement granting third party security in respect of Topco's shares in the capital of the Company.
If for any reason the trusts expressed to be created in this Clause should fail or be unenforceable, the affected person shall promptly pay an amount equal to the relevant receipt or recovery to the Interim Security Agent to be held on trust by the Interim Security Agent for application in accordance with Clause 15.9 (Enforcement of Interim Security Documents).
The provisions of the Interim Facility Agreement (as amended by this Agreement) and the other Interim Documents (including, without limitation, the guarantee and indemnity of each Obligor and each of the Interim Security Documents) shall continue in full force and effect.
If for any reason the trusts expressed to be created in this clause should fail or be unenforceable, the affected person shall promptly pay an amount equal to the relevant receipt or recovery to the Interim Security Agent to be held on trust by the Interim Security Agent for application in accordance with Clause 15.7 (Enforcement of Interim Security Documents).