Security Parties definition

Security Parties means each Borrower, each Guarantor, each Chargor, and any other person (other than a Manager or Charterer) who may at any time during the Facility Period be liable for, or provide security for, all or any part of the Indebtedness, and "Security Party" means any one of them.

Security Parties means, at any relevant time, the Borrowers, the Pledgor, the Guarantor and any other party who may at any time during the Facility Period be liable for, or provide security for, all or any part of the Indebtedness, and “Security Party” means any one of them.

Security Parties means all parties to this Amendment Agreement other than the Lender and “Security Party” means any one of them.

Examples of Security Parties in a sentence

• Subject to the Legal Reservations, the obligations expressed to be assumed by each of the Security Parties in each Relevant Document are, subject to any general principles of law limiting its obligations, legal, valid, binding and enforceable obligations.

• The Borrower shall procure that no substantial change is made to the general nature of its business or the business of any other Security Parties from that carried on at the date of this Agreement.

• The payment obligations of each of the Security Parties under the Finance Documents rank at least pani passu with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

• None of the Security Parties is required under the law of its jurisdiction of incorporation to make any deduction or withholdings for or on account of Tax from any payment it may make under any Finance Document.

• If applicable, the original power of attorney of each of the Security Parties under which this Amendment and Restatement Agreement and any document to be executed by that Security Party pursuant to this Amendment and Restatement Agreement are to be executed by that Security Party.

More Definitions of Security Parties

Security Parties means all parties to this Supplemental Agreement other than the Finance Parties and "Security Party" means any one of them.

Security Parties means each party to the Finance Documents (other than the Lender) and in the singular means any of them;

Security Parties means all parties to this Second Supplemental Agreement other than the Lender.

Security Parties means, at any relevant time, the Borrower and any other party who may at any time during the Facility Period be liable for, or provide security for, all or any part of the Indebtedness, and “Security Party” means any one of them.

Security Parties means any or all of them, as the context may require;

Security Parties means collectively the Borrower, the Holding Guarantor, the Shareholders, and each other party to the Security Documents (other than the Lender) and in the singular means any of them;

Security Parties means any person providing security (including any guarantee) for all or any part of the Total Indebtedness or other indebtedness or liability of the Borrower to the Bank, including, for the avoidance of doubt, each person (other than the Borrower) which has entered into a subordination deed pursuant to Clause 15.1(o), and “Security Party” means each or any of them;