Examples of Secured Parties in a sentence
The Trustee shall hold the Transaction Security on behalf of the Secured Parties in accordance with the Security Documents.
To include further additional Secured Parties, attach either an additional Addendum (Form UCC1Ad) or Additional Party (Form UCC1AP) and follow Instruction 1 of Financing Statement for determining and formatting additional names.
Notwithstanding anything to the contrary contained in Section 9.4, Agent and the Borrower may amend, modify or supplement this Agreement or any other Loan Document to (1) cure any ambiguity, omission, defect or inconsistency therein, or (2) grant a new Lien for the benefit of the Secured Parties, extend an existing Lien over additional Property for the benefit of the Lenders or join additional Persons as Loan Parties.
For the purpose of exercising the rights of the Secured Parties, the Trustee may, when acting as Security Agent for the Bonds, instruct the CSD in the name and on behalf of the Issuer to arrange for payments to the Secured Parties under the Finance Documents and change the bank account registered with the CSD and from which payments under the Bonds are made to another bank account.
Only the Trustee may pursue the remedies available under the Trust Deed to enforce the rights of the Noteholder, the Couponholder, the holder of Receipts, the Agents or the Secured Parties and none of the Noteholder, the Couponholder, the holder of Receipts, Agents or the Secured Parties is entitled to proceed against the Issuer unless the Trustee, having become bound to proceed in accordance with the terms of the Trust Deed, fails to do so within a reasonable time and such failure is continuing.