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

Security Parties means at any relevant time, the Borrower, the Guarantor, the Pledgor, any other Credit Support Provider and any other person who may at any time during the Facility Period be liable for, or provide security for, all or any part of the Indebtedness but, for the avoidance of doubt, excluding the Bareboat Charterer, the Bareboat Charter Guarantor and any Approved Manager that is not an Affiliate of Teekay or TGP, and “Security Party” means any one of them.

Examples of Security Parties in a sentence

• Secondly, in payment of or provision for all costs, charges, expenses and liabilities incurred by MDV in or about the realising of any security and the remuneration of any receiver and/or manager appointed and all moneys payable by the Security Parties to MDV by way of indemnity or compensation under the Transaction Documents.

• Any Security Party or any person claiming under any Security Party shall have no claim to such securities or to any part thereof or any interest therein unless and until MDV has received the full amount owing to MDV by the Security Parties.

• All moneys recovered or received by MDV from any proceedings instituted or steps taken under Section 14.02 shall be held by MDV to apply the same:- Firstly, in payment of all statutorily preferred debts and any other debts having priority to the indebtedness and liabilities of the Security Parties to MDV under the Transaction Documents.

More Definitions of Security Parties

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 each Borrower, the Guarantor, any other Credit Support Provider, and any other person who may at any time during the Facility Period be liable for, or provide security for, all or any part of the Indebtedness (excluding always the Managers), and "Security Party" means any one of them.

Security Parties means the Borrowers and the Original Guarantor and "Security Party" means any one of them.

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

Security Parties means the Owner and any other party (other than the Mortgagee) to any of the Security Documents or any such person as is defined in the Loan Agreement as a Security Party and in singular means any of them;

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;