Security Licences definition
Security Licences means all the right, title and interest, to the extent assignable, of the Chargor in all or any licences or Authorisations granted or issued to or otherwise held by the Chargor in relation to or in correction with the Charged Property;
Examples of Security Licences in a sentence
After an Event of Default has occurred and if the Chargee requests, the Chargor agrees to use its best endeavours to ensure that all Security Licences held by it are transferred to the Chargee or the Chargee’s nominee.
All Security Officer's are to maintain the appropriate Security Licences and First Aid Certifications at all times.