Recurring Security Services Contracts definition

Recurring Security Services Contracts all contracts and agreements, whether now owned or held or hereinafter acquired or generated by the Borrower or any Subsidiary, under which the Borrower or such Subsidiary will provide any form of recurring Security Services for a fee, and all such other recurring revenue contracts or agreements entered into by the Borrower or a Subsidiary during the term of the Loans.
View Source

Examples of Recurring Security Services Contracts in a sentence

  • The Borrower shall, and shall cause the Subsidiaries to, Stamp all future Recurring Security Services Contracts (i) generated by or on behalf of the Borrower or a Subsidiary within three (3) Business Days thereof and (ii) purchased or acquired by or on behalf of the Borrower or a Subsidiary within thirty (30) calendar days of such purchase or acquisition.

  • The Agent Bank shall be satisfied that all of the Recurring Security Services Contracts in existence as of the Closing Date were Stamped within sixty (60) days after the Closing Date and that all Recurring Security Services Contracts entered into since the Closing Date have been stamped.

  • The Borrower has Stamped all existing Recurring Security Services Contracts, and has delivered to the Agent Bank a certificate of an officer of the Borrower stating that all of the Recurring Security Services Contracts have been so Stamped.

  • The Borrower shall conduct, and shall cause the Subsidiaries to conduct, their respective businesses and acquire and operate monitoring assets and Recurring Security Services Contracts and related businesses directly and not through any other structure or entity.

  • The Borrower shall, and shall cause all Subsidiaries to, maintain complete and accurate lists of the parties to the Recurring Security Services Contracts ("Customer Lists").

  • The Borrower shall maintain as Stamped all originals and copies of the Recurring Security Services Contracts at the principal offices of the Borrower and the Subsidiaries located in New York, New York, Edison, New Jersey, Philadelphia, Pennsylvania and Central Islip, New York.