Security Interest Provisions definition
Examples of Security Interest Provisions in a sentence
Borrower agrees that any controversy arising under or in relation to the Note, the Loan Agreement, this Instrument (except for a controversy relating to Security Interest Provisions, which shall be governed by and construed according to the law of the Property Jurisdiction and litigated in the Property Jurisdiction) or any other Loan Document may be litigated in the Commonwealth of Virginia.
If the Agreement provides that, for any Clearing Service, non- cash margin is to be held subject to the Security Interest Provisions, then the Security Interest Provisions shall apply to any of the Client's Custody Assets which also constitute margin that has been provided pursuant to the Security Interest Provisions.
Unless otherwise agreed with the Client in writing, the Firm will not take any action in relation to such matters except in accordance with Instructions, provided that this shall be without prejudice to the exercise of any rights or discretions under this Agreement or Applicable Regulations that the Firm has in respect of Custody Assets that are also subject to the Security Interest Provisions.
The obligation of the Company for payment ------------------------------- of principal, interest and all other sums hereunder are further secured by Security Interest Provisions between the Company and the Holder as set forth in the Annex to that certain Secured Note of the Company dated November 26, 2001 issued to Holder in the principal amount of $4,092,920, with the same force and effect as if annexed hereto.
Borrower agrees that any controversy arising under or in relation to the Note, this Loan Agreement (except for a controversy relating to Security Interest Provisions, which shall be governed by and construed according to the law of the Property Jurisdiction and litigated in the Property Jurisdiction) or any other Loan Document may be litigated in the Commonwealth of Virginia.
For each Clearing Service, all margin transferred as collateral is subject to the Security Interest Provisions and, in the case of cash, is also subject to the Client Money Rules.
Repayment of the Debenture shall be secured under the terms of the Security Interest Provisions annexed hereto as Annex V (the “Security Interest Agreement”), which refer to the Company, as debtor, and the Lender, as secured party.
The Notes shall be secured pursuant to the terms of the Security Interest Provisions annexed hereto as Exhibit D.
The Investor agrees to execute necessary documents to release its Security Interest in the Collateral pursuant to the Security Interest Provisions upon the Company securing cash investments of not less than $5,000,000 in new shareholder equity.
If the Firm arranges for the return of the Reused Margin or Equivalent Margin to accounts of the Client subject to the security interest then, upon return, that margin will be subject to the security interest set out in the Security Interest Provisions, unless otherwise agreed.