Security Provider definition

Security Provider means a person which, in accordance with the provisions of this Agreement, provides or is to provide any guarantee or other surety or security in respect of that Party’s obligations under this Agreement;

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Security Provider means you and/or any other person or entity furnishing security for any Credit Facilities and/or any party to any security document.

Security Provider means any person who has granted or may at any time hereafter grant any security interest as security for the Secured Obligations;

Examples of Security Provider in a sentence

• None of any Agent or any Lender shall be under any obligation to marshal any assets in favor of any Loan Party, Security Provider or any other Person or against or in payment of any or all of the Obligations.

• Each of the delivery of a Borrowing Request and the acceptance by the Borrower of the proceeds of such Credit Extension shall constitute a representation and warranty by the Borrower, each other Loan Party and each Security Provider that on the date of such Credit Extension (both immediately before and after giving effect to such Credit Extension and the application of the proceeds thereof) the conditions contained in this Section 4.02 have been satisfied.

• Each Loan Party will cause (or will cause the Security Provider to ensure that) the earnings derived from or other amounts payable with respect of each of the respective Collateral Vessels, to the extent constituting Earnings and Insurance Collateral, to be deposited by the respective account debtor in respect of such earnings into an Earnings Account (it being understood that, absent an Event of Default which is continuing, the Borrower shall have full control of the funds within the Earnings Accounts).

• Each Loan Party agrees that it will not claim that any Lender has rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to such Loan Party or any Security Provider, in connection with such transaction or the process leading thereto.

• No Loan Party or Security Provider will enter into any agreement or arrangement for the sharing of any Earnings and Insurance Collateral (other than with respect to pooling arrangements in the ordinary course of business).

More Definitions of Security Provider

Security Provider means a Qualifying Person providing a Guaranty or a Qualifying Institution providing a Letter of Credit.

Security Provider means any party other than a member of the Group or a Finance Party which enters into a Security Document.

Security Provider has the meaning given in Clause 12.1;

Security Provider means any of them.

Security Provider has the meaning given in Clause 16.1(a);

Security Provider means each Person who provides Security;

Security Provider means a person who has provided security in relation to which section 38A applies;