the Security definition

the Security means the security (if any) created by the Customer in favour of the Bank over all or any types of the Secured Assets in consideration of the Bank making available to the Customer the Secured Overdraft Facility;

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the Security means the guarantee, guarantees letter or letters of credit specified below:4

the Security means the security required by rule 4(1) of these Rules.

Examples of the Security in a sentence

• The signature shall be conclusive evidence that the Security has been authenticated under this Indenture.

• In the case of any such redemption in part, the unredeemed portion of the principal amount of the Security shall be in an authorized denomination (which shall not be less than the minimum authorized denomination) for such Security.

• Every Security presented or surrendered for registration of transfer or for exchange shall (if so required by the Company or the Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed, by the Holder thereof or his attorney duly authorized in writing.

• The ownership of Securities shall be proved by the Security Register.

• If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Security.

More Definitions of the Security

the Security. Trustee shall enforce any Pledge created hereunder against the Pledgor in accordance with the following procedure: (i) The Pledgor shall, following a notification by the Security Trustee to the Pledgor that an Enforcement Event has occurred and that the Security Trustee intends to enforce the Pledges, deliver to the Security Trustee within sixty days of such notification an auditors' determination from a firm of auditors of international standard and reputation (the "AUDITORS' DETERMINATION") stating the value of the Net Assets, i.e., the amounts which may be claimed against the Pledgor under the Pledges having regard to Sections 30 and 31 of the German Limited Liability Companies Act. (ii) The Auditors' Determination, i.e., the amount which may be claimed against the Pledgor under the Pledges, having regard to Section 30 and 31 of the German Limited Liability Companies Act, shall take into account the generally accepted accounting principles applicable from time to time in Germany (GAAP) and be based on the same principles that were applied when establishing the previous year's balance sheet. (iii) The amount specified in the relevant Auditors' Determination pertaining to the Pledgor shall be up-to-date and in any event such Auditors' Determination shall have been prepared as of a date no earlier than 15 business days prior to the date of notification by the Security Trustee to the Pledgor that it intends to enforce the Pledges. (iv) If the Pledgor fails to deliver the Auditors' Determination to the Security Trustee within the sixty day period stated in (i) above, the Security Trustee shall be entitled to enforce the Pledges against the Pledgor without limitation.

the Security means the one or more letter(s) of credit and/or guarantee(s) mentioned in recital

the Security means the Share Pledge Agreement and the General Security Agreement delivered herewith.

the Security means all the two million Ordinary Shares of 5p each in the capital of the Parent, the share certificates for which are to be deposited by the Pledgor with Fredrikson & Byron and the other pro▇▇▇▇▇ ▇▇▇dged under clauses 2.1 and 2.2 hereof.

the Security. HOLDERS SET OUT IN SCHEDULE “A”

the Security. Instrument is being recorded in the real property records where the Property is located.

the Security. Trustee shall not have or incur any obligation or to the Lender, the Borrower or any Security Party except those expressly specified in the Finance Documents; and no term shall be implied into any Finance Document to the effect that the Security Trustee has such an obligation or responsibility.