Security Adjustment definition

Security Adjustment means any amendment, waiver or consent which: (A) results in changes to, the taking of, or the release coupled with the immediate retaking of, any Transaction Security or any guarantee and indemnity granted under Clause 23 (Guarantee and Indemnity); and (B) would not have a material adverse effect on the Secured Parties provided that the release coupled with the immediate retaking of any Transaction Security or any such guarantee and indemnity (and the restarting of any related period during which Security, or any guarantee and indemnity, is capable of being avoided by virtue of any bankruptcy, insolvency, liquidation or similar laws), shall not, in itself, constitute such a material adverse effect.
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Examples of Security Adjustment in a sentence

  • The amount of Security required is equal to Ultimate Losses less deductible reimbursements paid by Customer and received by Hartford at the time of the Security Adjustment.

  • Aggregate Principal Decrease in Aggregate Increase in Aggregate Amount of Securities Notation by Date of Principal Amount of Principal Amount of Remaining After Such Security Adjustment Securities Securities Decrease or Increase Registrar ---------- ---------- ---------- -------------------- --------- Exhibit B FORM OF CERTIFICATE TO BE DELIVERED UPON EXCHANGE OR REGISTRATION OF TRANSFER OF SECURITIES Re: 2.875% Convertible Senior Notes due 2024 of CenterPoint Energy Inc.

  • Aggregate Principal Decrease in Aggregate Increase in Aggregate Amount of Securities Notation by Date of Principal Amount of Principal Amount of Remaining After Such Security Adjustment Securities Securities Decrease or Increase Registrar ---------- ---------- ---------- -------------------- --------- Exhibit B FORM OF CERTIFICATE TO BE DELIVERED UPON EXCHANGE OR REGISTRATION OF TRANSFER OF SECURITIES Re: 7.875% Senior Notes due 2013, Series A, of CenterPoint Energy Resources Corp.

  • Aggregate Principal Decrease in Aggregate Increase in Aggregate Amount of Securities Notation by Date of Principal Amount of Principal Amount of Remaining After Such Security Adjustment Securities Securities Decrease or Increase Registrar ---------- --------------------- --------------------- -------------------- ----------- EXHIBIT B FORM OF CERTIFICATE TO BE DELIVERED UPON EXCHANGE OR REGISTRATION OF TRANSFER OF SECURITIES Re: 8.125% Notes due 2005, Series A of Reliant Energy Resources Corp.

  • Aggregate Principal Decrease in Aggregate Increase in Aggregate Amount of Securities Notation by Date of Principal Amount of Principal Amount of Remaining After Such Security Adjustment Securities Securities Decrease or Increase Registrar ---------- --------------------- --------------------- -------------------- ----------- Exhibit B FORM OF CERTIFICATE TO BE DELIVERED UPON EXCHANGE OR REGISTRATION OF TRANSFER OF SECURITIES Re: % Senior Notes due , Series A, of CenterPoint Energy, Inc.

  • Aggregate Principal Decrease in Aggregate Increase in Aggregate Amount of Securities Notation by Date of Principal Amount of Principal Amount of Remaining After Such Security Adjustment Securities Securities Decrease or Increase Registrar ---------- ---------- ---------- -------------------- --------- Exhibit B FORM OF CERTIFICATE TO BE DELIVERED UPON EXCHANGE OR REGISTRATION OF TRANSFER OF SECURITIES Re: 7.25% Senior Notes due 2010, Series A, of CenterPoint Energy, Inc.

  • Aggregate Principal Decrease in Aggregate Increase in Aggregate Amount of Securities Notation by Date of Principal Amount of Principal Amount of Remaining After Such Security Adjustment Securities Securities Decrease or Increase Registrar ---------- --------------------- --------------------- -------------------- ----------- Exhibit B FORM OF CERTIFICATE TO BE DELIVERED UPON EXCHANGE OR REGISTRATION OF TRANSFER OF SECURITIES Re: 3.75% Convertible Senior Notes due 2023 of CenterPoint Energy Inc.

  • Aggregate Principal Decrease in Aggregate Increase in Aggregate Amount of Securities Notation by Date of Principal Amount of Principal Amount of Remaining After Such Security Adjustment Securities Securities Decrease or Increase Registrar ---------- --------------------- --------------------- -------------------- ----------- Exhibit B FORM OF CONVERSION NOTICE To: CenterPoint Energy, Inc.