Secured on definition
Secured on means a legal charge or mortgage must be made on the actual capital asset.
Examples of Secured on in a sentence
Senior Bonds Secured on Equal and Proportionate Basis 6 Section 2.05.
Senior Bonds Secured on Equal and Proportionate Basis 6 Section 2.05.
Secured Obligations has the meaning specified in the Security Agreement.
Senior Secured Obligations means, (a) with respect to the Term/Notes Priority Collateral, the Second-Priority Lien Obligations and, (b) with respect to the RBL Priority Collateral, the First-Priority Lien Obligations. The First-Priority Lien Obligations shall, collectively, constitute one “Class” of Senior Secured Obligations and the Second-Priority Lien Obligations shall, collectively, constitute a separate “Class” of Senior Secured Obligations.
Secured Obligation means an obligation secured by a security interest;
U.S. Secured Obligations means all Secured Obligations of the US Loan Parties.
Second Priority Debt Documents means the Initial Second Priority Debt Documents and, with respect to any series, issue or class of Second Priority Debt, the promissory notes, indentures, Collateral Documents or other operative agreements evidencing or governing such Indebtedness, including the Second Priority Collateral Documents.