TCN Group Security definition

TCN Group Security means the Encumbrances constituted by each document listed in Part I of Schedule 3 together with all collateral, additional or substituted Encumbrance which is granted in favour of any of the TCN Group Finance Parties by any member of the Group after the date of this Deed in respect of all or any part of the TCN Group Debt.
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Examples of TCN Group Security in a sentence

  • Each Finance Party (other than the TCN Group Security Trustee) agrees to make any payments required to be made by it to comply with Clause 3.1 to the TCN Group Security Trustee who shall distribute any payments made to it in accordance with the terms of this Deed and due to any of the TCN Group Finance Parties in accordance with the TCN Group Finance Documents and who shall distribute any payments due to any of the Target Group Finance Parties to the Target Group Security Trustee.

  • Any person which becomes a Security Trustee in accordance with the terms of the relevant Finance Documents shall at the same time accede to this Deed by executing and delivering to the TCN Group Agent (in the case of a new Target Group Security Trustee) or to the Target Group Agent (in the case of a new TCN Group Security Trustee) an Accession Deed.

Related to TCN Group Security

  • Company Security means any class or series of equity or voting interest in the Company (but excluding any options, rights, warrants and appreciation rights relating to an equity or voting interest in the Company), including Common Shares and the Voting Share.

  • Partnership Security means any class or series of equity interest in the Partnership (but excluding any options, rights, warrants and appreciation rights relating to an equity interest in the Partnership), including without limitation, Common Units, Subordinated Units and Incentive Distribution Rights.

  • Proposal Security means the proposal bond as described in Section 3.3 of Exhibit B to the ITP.

  • Relevant Security means the Stock, any other equity security of the Company or any of its subsidiaries and any security convertible into, or exercisable or exchangeable for, any Stock or other such equity security.

  • Indexed Security means a Security the terms of which provide that the principal amount thereof payable at Stated Maturity may be more or less than the principal face amount thereof at original issuance.