New Secured Party definition

New Secured Party means the person identified as the ‘New Secured Party’ in Schedule 2 (Parties and Notice Details), acting in the capacity as indicated in such Schedule. Retained Obligations all of the Existing Secured Party’s obligations, duties and liabilities arising or required to be performed during any period prior to the Effective Time. Retained Rights all of the Existing Secured Party’s right, title and interest in and to the GATS Security Instrument arising during or relating to any period prior to the Effective Time.
Sample 1
New Secured Party has the meaning given to this term in Clause 6.1.
Sample 1
New Secured Party has the meaning set forth in Section 6.04(b).
Sample 1

Examples of New Secured Party in a sentence

  • Except as otherwise expressly provided in any other document to which the Existing Secured Party is a party, the Transferred Security Interest is assigned and transferred to the New Secured Party pursuant to this Instrument “AS IS” and “WHERE IS”.

  • Assignment and Transfer of Security Interest With effect from the Effective Time, the Existing Secured Party assigns and transfers to the New Secured Party all of its right, title and interest in and to the Transferred Security Interest, and the New Secured Party accepts such assignment and transfer.

  • The New Secured Party also agrees to provide the Collateral Agent with an incumbency certificate upon execution of this Agreement.

  • Upon the execution and delivery of this Agreement by the New Secured Party, from and after the Effective Date, the New Secured Party shall be a party to the Security Agreement and the other Collateral Documents to which a Notes Secured Party is a party and have the obligations and rights of a Notes Secured Party under the Security Agreement and the other Collateral Documents.

  • The address of the New Secured Party for purposes of Section 8 of the Security Agreement is: [ ] [ ] [ ] Attn: [ ] Tel: [ ] Fax: [ ] unless changed in accordance with the terms thereof.

  • If any bank, trust or financial institution or any other person becomes party to the Credit Agreement as a Secured Party (any such bank, trust or financial institution or other person being a New Secured Party), then the New Secured Party shall execute and deliver an accession agreement substantially in the form of Schedule 3 (the New Secured Party’s Accession Agreement) hereto.

Related to New Secured Party

  • Additional First Lien Secured Party means the holders of any Additional First-Lien Obligations and any Authorized Representative with respect thereto, and shall include the Initial Additional First-Lien Secured Parties.

  • Secured Lender means a lender under a Secured Lender’s Security Agreement.

  • Secured Party as used in this Annex means only Party B, (b) the term “Pledgor” as used in this Annex means only Party A, (c) only Party A makes the pledge and grant in Paragraph 2, the acknowledgement in the final sentence of Paragraph 8(a) and the representations in Paragraph 9.

  • Term Loan Collateral Agent means Credit Suisse, Cayman Islands Branch, as collateral agent for the lenders under the Term Loan Credit Agreement, together with its respective successors and permitted assigns under the Term Loan Credit Agreement exercising substantially the same rights and powers, or such other agent as may from time to time be appointed thereunder.

  • Term Loan Secured Parties means the Term Loan Representative, the Term Loan Creditors and any other holders of the Term Loan Obligations.

  • Additional First Lien Obligations means, with respect to any Series of Additional First Lien Obligations, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Additional First Lien Obligations, (b) all other amounts payable to the related Additional First Lien Secured Parties under the related Additional First Lien Documents and (c) any renewals of extensions of the foregoing.

  • Accelerated Mezzanine Loan Lender shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement.

  • Additional Refinancing Lender has the meaning set forth in Section 2.15(a).

  • Senior Secured Parties means the Credit Agreement Secured Parties and any Additional Senior Debt Parties.

  • Second Lien Agent means the “Agent” under and as defined in the Second Lien Credit Agreement.

  • First Lien Secured Parties means (i) the Credit Agreement Secured Parties and (ii) the Additional First-Lien Secured Parties with respect to each Series of Additional First-Lien Obligations.