Shared Security definition

Shared Security has the meaning given to it in the second recital of the Security Sharing Agreement;

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Shared Security means the Security created under the Security Documents, being the Security over which the creditors under the Super Senior RCF, the Super Senior Hedges, the Security Agent, the Bondholders (represented by the Agent), the Existing Bondholders (represented by the Agent) and the Agent are granted first priority Security.

Shared Security means any Security Interest, guarantee, indemnity or other form of assurance that by its terms secures both (on the one hand) the payment or repayment of any Mortgage Loan forming or to form part of the Assets of the Series Trust and (on the other hand) any Other Loan forming or to form part of the CBA Trust Assets.

Examples of Shared Security in a sentence

• However, none of the JV Subsidiary Guarantors will provide a Security Document pledging the Capital Stock of its direct or indirect Subsidiaries as security in favor of the Shared Security Agent for itself and for the benefit of the Trustee and the Holders.

• Section 2.5 Notwithstanding anything contained herein, nothing in this Indenture Supplement shall relieve the Company, the Subsidiary Guarantors, the Trustee and the Shared Security Agent of any of their obligations under the Indenture, as amended and supplemented by this Indenture Supplement, and the Notes.

• The Trustee is hereby irrevocably authorized by each Holder of the Notes to, or instruct the Shared Security Agent to, effect any release of Liens or Collateral contemplated by Section 10.08 hereof or by the terms of the Security Documents.

• The Shared Security Agent shall have all the duties, rights and protections provided in the Security Documents and no implied duties shall be read against the Shared Security Agent.

• The parties hereto hereby consent to such petition and appointment by the retiring Shared Security Agent so long as such criteria are met.

More Definitions of Shared Security

Shared Security has the meaning given to it in the Security Sharing Agreement; “Shortfall” has the meaning given to it under Clause 8.1 of the Trust Deed;

Shared Security means any Transaction Security which, at the election of the Parent, is to secure all or any part of the Senior Parent Liabilities.

Shared Security means the assets which are expressed to be the subject of the Security created or evidenced or expressed to be created or evidenced under or pursuant to the Security Documents.

Shared Security means the common security to be granted as part of the Recapitalisation Transaction for the benefit of the Super Senior Credit Facility Agreement, Senior Secured Credit Facility Agreement, the Senior Secured Notes, the Senior Secured Overdraft Facility Agreement, the Subordinated Bilateral Credit Facility Agreements and the Subordinated No and the Subordinated Notes consistent with the Recapitalisation Implementation Deed and subject to the terms of the Intercreditor Agreement

Shared Security means any Right in Security granted prior to the Relevant Phase 2 Effective Time in respect of both:

Shared Security means the Security created under the Security Documents, being the Security over which the Secured Parties are granted first priority Security.

Shared Security means the Security created under the Security Documents (other than the pledge over the Escrow Account), being the Security over which the creditors under the Super Senior RCF, the creditors under any New Debt, the hedge counterparties under the Super Senior ▇▇▇▇▇▇, the Security Agent, the Bondholders (represented by the Agent) and the Agent are granted first priority Security.