Security Party(ies) definition

Security Party(ies) means each of the Borrowers and the Guarantor;

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Security Party(ies) means each of the Borrowers, the Guarantors and the Vessel Manager and the Relevant Parents that is party to a Security Document;

Security Party(ies) means the Customer, the chargor, the assignor, the guarantor (as the case may be) and any other parties referred to in Section 9 of Schedule 1 hereto to provide security to the Bank for the Customer’s obligation under the Facility and execute the Security Documents and references to “Security Party(ies)” includes reference to each or any one thereof.

Examples of Security Party(ies) in a sentence

The Customer and/or the Security Party(ies) is required to sign the Security Documents as security for the obligation to pay the Indebtedness to the Bank.
Any determination of the Bank as to the value of or attributable to any property of any Security Party(ies) which is offered by the Security Party(ies) as security to the Bank in respect of the Facility or which is the subject matter of any Security Document shall be binding and conclusive on the Customer.
This Agreement is in addition to and not in substitution of any other rights or securities which the Bank may have from or against the Customer(s) or under any of the Security Documents and may be enforced in accordance with the terms hereof without first having recourse to any of such other rights or securities and without taking any steps or proceedings against any Security Party(ies) as aforesaid.
This Agreement is in addition to and not in substitution of any other rights or securities which the Bank may have from or against the Customer(s) or under any of the other Security Documents and may be enforced in accordance with the terms hereof without first having recourse to any of such other rights or securities and without taking any steps or proceedings against any Security Party(ies) as aforesaid.
Save and except at the request or with the prior written consent of the Bank, the Customer(s) and/or the Security Party(ies) shall not effect or maintain any insurance or other takaful and/or insurance against any risk in respect of the aforementioned buildings, fixtures, structures, property and effect of the Property where the Bank or the Customer(s) has/have effected or maintained any such takaful and/or insurance as aforesaid.

More Definitions of Security Party(ies)

Security Party(ies) means the Borrower and the Guarantor;

Security Party(ies) means the chargor (as the case may be) and any other parties referred hereto to provide security to the Chargee for the Chargor’s obligation under the Facility and execute the Security Documents and references to “Security Party(ies)” includes reference to each or any one thereof.

Security Party(ies) means the Borrowers, the Approved Manager, the Guarantor 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;

Security Party(ies) means the Credit Parties and the Relevant Parents;

Security Party(ies) means the party(ies) executing the Security Documents and includes any party or parties providing any security to the Bank to secure the payment by the Chargor(s) of all monies, costs, charges and other monies arising from or in connection with the Facility or in connection with or arising from the Facilities granted by the Bank at any time and from time to time.

Security Party(ies) means the Borrower and each of the Guarantors.

Security Party(ies) means the assignor (as the case may be) and any other parties referred hereto to provide security to the Bank for the Customer’s obligation under the Facility and execute the Security Documents and references to “Security Party(ies)” includes reference to each or any one thereof.