Security Accession Deed definition

Security Accession Deed means a deed executed by any other Group Company substantially in the form set out in Schedule 6 (Form of Security Accession Deed), or such other form as the Parent and the Security Agent may reasonably agree.

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Security Accession Deed means a deed executed by a company substantially in the form set out in Schedule 2 (Form of Security Accession Deed), or in any other form which is agreed between the relevant Chargor and the Administrative Agent, and in each case reasonably satisfactory to the Administrative Agent.

Security Accession Deed means a deed executed by a Group Company substantially in the form set out in Schedule 10 (Form of Security Accession Deed) in terms satisfactory to the Secured Party and the PPF.

Examples of Security Accession Deed in a sentence

• Delivery of a Security Accession Deed constitutes confirmation by the New Charger that the Repeating Representations are true and correct to the extent applicable to it as at the date of delivery as if made by reference to the facts and circumstances then existing.

• Words and expressions defined in the Debenture shall have the same meanings in this Security Accession Deed.

• This Security Accession Deed shall take effect as a deed even if it is signed under hand on behalf of the Administrative Agent.

• The fact that no or incomplete details of any asset or property is specified in Schedules 2 (Details of Real Property) or 3 (Shares) or in the schedule to any Security Accession Deed (if any) shall not affect the validity or enforceability of the mortgages or charges created by this Deed.

• This Security Accession Deed shall take effect as a deed even if it is signed under hand by or on behalf of the Administrative Agent.

• Executed as a deed and delivered on the date appearing at the beginning of this Security Accession Deed.

• Delivery of a Security Accession Deed constitutes confirmation by the New Chargor that the representations and warranties set out in Clause 6 (Representations and warranties) are true and correct to the extent applicable to it as at the date of delivery as if made by reference to the facts and circumstances then existing.

• The principles of construction set out in Clause 1.2 (Construction) of the Debenture shall apply to this Security Accession Deed, insofar as they are relevant to it, as they apply to the Debenture.

• Delivery of a Security Accession Deed constitutes confirmation by the New Chargor that the representations and warranties set out in Clause 5 (Representations and warranties) are true and correct to the extent applicable to it as at the date of delivery as if made by reference to the facts and circumstances then existing.

• Each Chargor consents to new Group Members becoming Chargors and irrevocably appoints Rose as its agent for the purpose of executing any Security Accession Deed on its behalf.

More Definitions of Security Accession Deed

Security Accession Deed means the Deed of Accession (as defined in the Security Agreement) pursuant to which Holdco becomes an Additional Chargor (as defined in the Security Agreement).

Security Accession Deed means a deed executed by a member of the Group substantially in the form set out in schedule 10 (Form of Security Accession Deed); and

Security Accession Deed means a deed executed by a Group Company substantially in the form set out in Schedule 10 (Form of Security Accession Deed), with those amendments which the lender may approve or reasonably require. Security Assets means, in relation to a Chargor, all of its assets which are the subject of any Security created or to be created by this Debenture.

Security Accession Deed means a deed executed by a member of the Group substantially in the form set out in Schedule 6 (Form of Security Accession Deed), with those amendments which the Interim Security Agent may approve or reasonably require.

Security Accession Deed means the deed of accession dated 28 June 2023 pursuant to which ▇▇▇▇▇▇ acceded to the Security Agreement as an Additional Chargor (as defined in the Security Agreement).