Primary Security definition

Primary Security means the following forms of security:

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Primary Security has the meaning contained in Section 3.3(a)(v)(5).

Primary Security shall have the meaning set forth in Section 3(i)(4).

Examples of Primary Security in a sentence

The Authorized User must include: • the Data categorization elements (not actual Data); • the overall risk determination; and • applicable statutory requirements (See Contract Appendix F – Primary Security and Privacy Mandates).
The Authorized User must include: • the Data Categorization elements (not actual Data); • the overall risk determination; and • applicable statutory requirements (See Contract Appendix F – Primary Security and Privacy Mandates).
The general idea would be to utilize the new Fire Command Center at the north end of the building as the Primary Security Operations Center as a central location where in addition to the physical security system, multiple building systems could be monitored and controlled.
If an Event of Default, as defined in the Note Purchase Agreement, the Primary Security Documents, or if executed and delivered, the Secondary Security Documents, occurs, and, if applicable, is continuing, the principal of this Note may, as set forth in the Note Purchase Agreement, automatically become immediately due and payable or the Holder of this Note may declare the principal amount of this Note to be immediately due and payable.
Appendix K, Primary Security and Policy Mandates, is hereby expressly made a part of this Contract as fully as if set forth at length herein.

More Definitions of Primary Security

Primary Security means any of the following forms of security:

Primary Security has the meaning ascribed to it in clause 16.

Primary Security means the security (whether in the form of Common Stock or a Common Stock Equivalent) to which the largest percentage of the purchase price for the Combined Securities is allocated for income tax purposes by the Company.

Primary Security has the meaning ascribed to it in clause 15.5. Rectification Notice has the meaning ascribed to it in clause 7.2.

Primary Security means the Zerand Holdback and the collateral covered by the Walnut Mortgage and the SSMI Pledge.

Primary Security shall have the meaning set forth in Section 7(e)(iv). “Purchase Agreement” means the Securities Purchase Agreement, dated as of March 29, 2023, among the Corporation and the original Holders, as amended, modified or supplemented from time to time in accordance with its terms. “Purchase Price” means, as to each Holder, the aggregate dollar amount to be paid for the Series A Preferred Stock pursuant to the Purchase Agreement. “Redemption” means any of or collectively all of an Accelerated Redemption, Monthly Mandatory Redemption, Triggering Event Redemption, Triggered Optional Redemption, Change of Control Redemption “Redemption Price” means any of the Corporation’s Mandatory Redemption Price, Triggering Event Redemption Price and the Change of Control Redemption Price, as applicable.

Primary Security means the assets created out of the credit facility so extended and / or existing unencumbered assets which are directly associated with the project.