Security Obligors definition

Security Obligors means the obligors in respect of those assets that are the subject matter of the security in respect of the Notes (including for the purposes hereof, the Bracken Issuer, the Custodian and the Counterparty under the Charged Agreement).
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Security Obligors means the Initial Security Obligors, any Additional Security Obligors and any other person, whether or not a Client, which grants a Security Interest, guarantee, indemnity or other assurance against loss in favour of FGI as collateral for the obligations and liabilities of any or all of the Clients to FGI.
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Security Obligors means the obligors in relation to the Charged Assets;
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Examples of Security Obligors in a sentence

  • Upon the expiry of the Security Period (but not otherwise) FGI shall, at the request and cost of the Security Obligors, take whatever action is necessary to release or re-assign (without recourse or warranty) the Security Assets from the Security.

  • None of the Security Obligors has received or acknowledged notice of any adverse claim by any person in respect of the Charged Property or any interest in it.

  • A certificate or determination by 4R as to any amount for the time being due to it from the Security Obligors shall (in the absence of any manifest error) be conclusive evidence of the amount due.

  • Save as notified to the Lender in writing the Borrower and the Security Obligors are with full title guarantee the owners of all Inventory.

  • The Security Obligors may not assign any of their rights, or transfer any of their obligations, under this Deed or enter into any transaction which would result in any of those rights or obligations passing to another person.

  • The Borrower undertakes to assist and co-operate (and to procure the assistance and co-operation of the Security Obligors) with the Administrative Party in any syndication, sub-participation, sale or transfer of the Administrative Party’s interest in the Finance Documents to another fund operated by Synergy Global Capital in such manner and to such extent as the Administrative Party may from time to time reasonably require.

  • A Receiver may make calls conditionally or unconditionally on the members of the Security Obligors in respect of the uncalled capital with such and the same powers for that purpose, and for the purpose of enforcing payments of any calls so made, as are conferred by the Articles of Association of the Security Obligor on its directors in respect of calls authorised to be made by them.

  • Each of the Security Obligors irrevocably consents to any process in any proceedings being served on it in accordance with the provisions of this Deed relating to service of notices.

  • All monies paid by 4R to an encumbrancer in settlement of such an account shall, as from its payment by 4R, be due from the Security Obligors to 4R on current account and shall bear interest and be secured as part of the Secured Liabilities.

  • Any accounts so settled and passed shall be conclusive and binding on the Security Obligors, and the monies so paid shall be deemed to be an expense properly incurred by him.


More Definitions of Security Obligors

Security Obligors means the obligors in respect of those assets that are the
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Security Obligors means the Original Security Obligor and any Additional Security Obligor and “Security Obligor” shall mean any one or more of them as the context may require;
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Related to Security Obligors

  • First Priority Obligations means (a) with respect to the Existing First Priority Agreement, all “Obligations” of each Loan Party as defined in the Existing First Priority Agreement and (b) with respect to each other First Priority Agreement, all “Obligations” of each Loan Party as defined in such First Priority Agreement, and shall in any event include (i) all principal of and interest (including without limitation any Post-Petition Interest) and premium (if any) on all loans made or other indebtedness issued or incurred pursuant to such First Priority Agreement, (ii) all reimbursement obligations (if any) and interest thereon (including without limitation any Post-Petition Interest) with respect to any letter of credit or similar instruments issued pursuant to such First Priority Agreement, (iii) all Specified Swap Agreements, (iv) all Specified Cash Management Agreements and (v) all guarantee obligations, fees, expenses and other amounts payable from time to time pursuant to the applicable First Priority Documents, in each case whether or not allowed or allowable in an Insolvency Proceeding. To the extent any payment with respect to any First Priority Obligation (whether by or on behalf of any Loan Party, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession, any Second Priority Secured Party, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the First Priority Secured Parties and the Second Priority Secured Parties, be deemed to be reinstated and outstanding as if such payment had not occurred.

  • Second Priority Obligations means (a) with respect to the Existing Second Priority Agreement, all “Secured Obligations” of each Loan Party as defined in the “Security Agreement” referred to in the Existing Second Priority Agreement and (b) with respect to each other Second Priority Agreement, (i) all principal of and interest (including without limitation any Post-Petition Interest) and premium (if any) on all indebtedness under such Second Priority Agreement, and (ii) all guarantee obligations, fees, expenses and other amounts payable from time to time pursuant to the applicable Second Priority Documents, in each case whether or not allowed or allowable in an Insolvency Proceeding. To the extent any payment with respect to any Second Priority Obligation (whether by or on behalf of any Loan Party, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession, any First Priority Secured Party, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the First Priority Secured Parties and the Second Priority Secured Parties hereunder, be deemed to be reinstated and outstanding as if such payment had not occurred.

  • Parity Obligations means (i) all obligations of the Issuer in respect of Tier 1 Instruments (excluding any such obligations that rank, or are expressed to rank, junior to claims in respect of the Notes), and (ii) any other securities or obligations (including, without limitation, any guarantee, credit support agreement or similar undertaking) of the Issuer that rank, or are expressed to rank, pari passu with claims in respect of the Notes and/or any Parity Obligation.

  • Credit Party Obligations means, without duplication, (a) all of the obligations of the Credit Parties to the Lenders (including the Issuing Lender) and the Administrative Agent, whenever arising, under this Credit Agreement, the Notes, or any of the other Credit Documents to which any Credit Party is a party and (b) all liabilities and obligations owing from such Credit Party to any Lender, or any Affiliate of a Lender, arising under Hedging Agreements.

  • Senior Priority Obligations as defined in the Base Intercreditor Agreement.