Quasi-Security definition
Examples of Quasi-Security in a sentence
No Security or Quasi-Security exists over all or any of the present or future assets of any member of the Group other than as permitted by this Agreement.
A transaction referred to in this paragraph (c) is termed Quasi-Security.
In this Clause, Quasi-Security means an arrangement or transaction described in paragraph (b) below.
The Chargor undertakes that it shall not, at any time during the subsistence of this Debenture, create or permit to subsist any Security or Quasi-Security over all or any part of the Charged Property, except (only in the case of any asset that does not constitute Fixed Charge Property or any part thereof) Permitted Security.
No Security or Quasi-Security exists over all or any of the present or future assets of the Chargor other than as expressly permitted by this Debenture.