Replacement FAL Deeds definition
Replacement FAL Deeds means (a) the deed of covenant to be entered into between Lloyd’s and the Buyer; (b) the deed of further charge to be entered into between Lloyd’s and the Buyer; and (c) the Lloyd’s Security and Trust Deed (Parent Company Covenant) to be entered into between Lloyd’s, the Buyer and the Company, each in agreed form;
Replacement FAL Deeds means each of the following, in agreed form: (a) a Lloyd’s Security and Trust Deed (Letter of Credit and Bank Guarantee) to be made between ICCL2 and Lloyd’s; (b) a Lloyd’s Security and Trust Deed (Letter of Credit and Bank Guarantee) to be made between ICCL3 and Lloyd’s; (c) a Lloyd’s Security and Trust Deed (Letter of Credit and Bank Guarantee) to be made between ICCL5 and Lloyd’s; (d) a Lloyd’s Security and Trust Deed (Letter of Credit and Bank Guarantee) to be made between ICCL6 and Lloyd’s.