Security for Obligations definition

Security for Obligations. The security interest granted pursuant to Section 2.1 of this Pledge Agreement secures the performance and payment in full in cash when due (whether at stated maturity, by acceleration or otherwise) of the Obligation.
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Examples of Security for Obligations in a sentence

  • Guarantee 2 Section 1.2. Security for Obligations 3 Section 1.3. Delivery of Pledged Collateral 3 Section 1.4.

  • SECURITY FOR OBLIGATIONS; GRANTORS REMAIN LIABLE 9 3.1 Security for Obligations 9 3.2 Continuing Liability Under Collateral 9 SECTION 4.

  • The Payee shall have (i) full-recourse against the Stock (as defined in the Pledge Agreement) in connection with the repayment of such principal and (ii) full-recourse against the Security for Obligations and any other assets of the Maker in connection with the repayment of the accrued interests thereon.

  • Section 1.1. Guarantee 2 Section 1.2. Security for Obligations 3 Section 1.3. Delivery of Pledged Collateral 3 Section 1.4.

  • The provisions of this Agreement may be amended or waived only by a written agreement executed and delivered by the Shareholders' Representative (on behalf of all Shareholders) and the Company, or by the Shareholder to be bound and benefited thereby and the Company.

  • Section 5.01 Grant of Security 37 Section 5.02 Security for Obligations 41 Section 5.03 Delivery and Control of Security Collateral and Account Collateral 41 Section 5.04 Further Assurances; Etc.

  • Section V.1. Grant of Security Interest 27 Section V.2. Security for Obligations 27 Section V.3. Borrower Remains Liable 28 Section V.4. Control of the Collateral; Investments in the Collateral Account 28 Section V.5. Further Assurances 28 Section V.6. Collateral Agent Appointed Attorney-in-Fact 29 Section V.7. Collateral Agent May Perform 30 Section V.8. Reasonable Care 30 Section V.9. Remedies 30 Section V.10.

  • Security for Obligations .......................................10 Section 2.14.

  • SECURITY FOR OBLIGATIONS; PLEDGOR REMAINS LIABLE 4 3.1. Security for Obligations 4 3.2. Continuing Liability Under Collateral 4 SECTION 4.

  • Security for Obligations...................................................................................

Related to Security for Obligations

  • Additional Senior Obligations means all indebtedness of the Company whether incurred on or prior to the date of this Indenture or thereafter incurred, for claims in respect of derivative products such as interest and foreign exchange rate contracts, commodity contracts and similar arrangements; provided, however, that Additional Senior Obligations does not include claims in respect of Senior Debt or Subordinated Debt or obligations which, by their terms, are expressly stated to be not superior in right of payment to the Debentures or to rank pari passu in right of payment with the Debentures. For purposes of this definition, "claim" shall have the meaning assigned thereto in Section 101(4) of the United States Bankruptcy Code of 1978, as amended.

  • Original Obligations means the “Obligations” as defined in the Original Credit Agreement.

  • Guarantor Obligations with respect to any Guarantor, all obligations and liabilities of such Guarantor which may arise under or in connection with this Agreement (including, without limitation, Section 2) or any other Loan Document to which such Guarantor is a party, in each case whether on account of guarantee obligations, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the Administrative Agent or to the Lenders that are required to be paid by such Guarantor pursuant to the terms of this Agreement or any other Loan Document).

  • Senior Obligations is defined in Section 5.1 of this Agreement.

  • Seller Obligations means all present and future indebtedness, reimbursement obligations, and other liabilities and obligations (howsoever created, arising or evidenced, whether direct or indirect, absolute or contingent, or due or to become due) of the Seller to any Purchaser Party, Seller Indemnified Party and/or any Affected Person, arising under or in connection with this Agreement or any other Transaction Document or the transactions contemplated hereby or thereby, and shall include, without limitation, all obligations of the Seller in respect of the Seller Guaranty and the payment of all Capital, Yield, Fees and other amounts due or to become due under the Transaction Documents (whether in respect of fees, costs, expenses, indemnifications or otherwise), including, without limitation, interest, fees and other obligations that accrue after the commencement of any Insolvency Proceeding with respect to the Seller (in each case whether or not allowed as a claim in such proceeding).