Onshore Security definition

Onshore Security. DOCUMENTS: each of the following documents governed by Peruvian law: (i) the mining mortgages (hipoteca minera), the mining pledge (prenda minera) (equipment, machine▇▇ ▇▇▇ ▇▇▇▇▇▇▇ assets), the floating mining pledge (prenda minera flotante) (minerals and ▇▇▇▇▇▇▇ ▇nd Concentrate in inventory), each granted pursuant to Section 3.01 of the Master Security Agreement, (ii) the conditional assignments of rights (cesion condicionada de derechos) granted pursuant to Section 3.02(a)(ii) of the Master Security Agreement, (iii) the Contrato de Cuenta Escrow for Onshore Accounts executed pursuant to Section 3.05(b) of the Master Security Agreement, (iv) the pledge (prenda) for the SMCV Shares pursuant to Section 3.07 of the Master Security Agreement, and (v) the civil mortgages (hipoteca), if any, and the industrial pledge (prenda industrial), if any, each granted pursuant to Section 3.09(b) of the Master Security Agreement, and (vi) any other agreement or document, filings, notices, arrangements or the like which are required to establish and maintain the security interest in the Onshore Collateral for the benefit of the Senior Lenders.
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Onshore Security means the security created pursuant to the Onshore Security Documents.
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Examples of Onshore Security in a sentence

  • When each of the Onshore Security Documents is filed with, and approved by, the relevant Governmental Authority pursuant to the terms specified therein, the security interests represented thereby will be perfected.

  • In the event of discrepancy between this Agreement and the Onshore Security Agent (Gabon) Appointment Agreement, the latter shall prevail.

  • The Notes will be secured by the security interest provided in the Offshore Security Documents and the Onshore Security Documents.

  • Each Insurer severally agrees that neither the sums insured nor the risks covered under this policy and any renewal of it by that Insurer will be reduced in any way, and that no deductible, excess or retention will be increased, without the prior written agreement of the Onshore Security Agent.

  • The following provisions shall apply to the Offshore Security Agent in its capacity as trustee in relation to any of the Offshore Security Documents and the Onshore Security Agent in its capacity as agent in relation to any of the Onshore Security Documents.

  • The Onshore Security Agent may authorise the payment by the Insurer to a third party of a claim where it is applied directly to discharge fully and finally an insured liability of the Borrower to that third party.

  • The provisions of this endorsement may only be amended by written agreement between the Borrower, the Insurers and the Onshore Security Agent, such amendment to be endorsed on the contracts of insurance.

  • Upon the exercise of any right of step-in or substitution (a “Step in Company”) (each shall be referred as the “Obligor”) in accordance with Article 23.5 (Step-in Rights of Financing Parties) of the BOT Contract and the MOIT A&C, the BOT Company or the Onshore Security Agent shall notify the Lessor and, upon receipt by the Lessor of such notice , this shall automatically oblige the Lessor to accept the Financing Parties’ step in or substitution under this Acknowledgement and Consent.

  • The Onshore Security Agent shall hold and exercise such interest in its capacity as a joint and several creditor with all other Finance Parties in accordance with Article 283 of the Taiwan Civil Code and for the joint and several benefit of the Finance Parties.

  • Notice of claim by the Onshore Security Agent or any party entitled to indemnity under the insurance policy shall, in the absence of manifest error, be accepted by the Insurers as being on behalf of all other Insured Parties subject to the full terms of the insurance policy.

Related to Onshore Security

  • indenture security holder means a Noteholder.

  • on the indenture securities means the Issuer and any other obligor on the indenture securities. All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by Commission rule have the meaning assigned to them by such definitions.

  • Permitted Cure Security means an equity security of the Borrower having no mandatory redemption, repurchase or similar requirements prior to 91 days after the Latest Maturity Date of all Classes of Loans or Commitments, and upon which all dividends or distributions (if any) shall be payable solely in additional shares of such equity security.

  • Indenture Secured Parties means the Noteholders.

  • indenture securityholder means a Holder or Securityholder.