Third Party Security definition

Third Party Security means any security or encumbrance or credit enhancement (in the form of mortgage, hypothecation, pledge, assignment, corporate guarantee, personal guarantee etc.) that is provided by any person (other than the Borrower) to secure/support the Facility(ies) provided to such Borrower.

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Third Party Security means any Transaction Security provided by a Third Party Security Provider in such capacity.

Third Party Security means each of the security agreements, mortgages, collateral assignments, pledge agreements or other similar agreements delivered to the security agent under the Existing Credit Agreement and each of the other agreements, instruments or documents that creates or purports to create a lien in favour of the security agent (for the benefit of the secured parties) and/or the secured parties under the Existing Credit Agreement (but excluding any such arrangements to the extent they secure, or are otherwise granted in connection with, obligations under the Existing Indenture);

Examples of Third Party Security in a sentence

• Each of the Loan Parties and the Third Party Security Provider hereby acknowledges and agrees that all of its Secured Obligations, including all Liens and (in the case of the Loan Parties) Guarantees granted to the Secured Parties under the applicable Loan Documents, are ratified and reaffirmed and that such Liens and Guarantees shall continue in full force and effect on and after Amendment Effective Date to secure and support the Secured Obligations.

• The Designated Company, each other Loan Party and the Third Party Security Provider hereby agrees to execute any and all further documents, agreements and instruments and take all further actions that the Administrative Agent deems reasonably necessary or advisable in connection with this Amendment, including to continue and maintain the effectiveness of the Liens and guarantees provided for under the Loan Documents, with the priority contemplated under the Loan Documents.

• To grant a security interest to Bank in the Collateral described in the Third Party Security Agreement by and between the Company and Bank (the "Security Agreement"), which security interest shall secure all of the Company's obligations, as described in that certain Unconditional Guaranty by the Company dated as of December 4, 2000 (the "Guaranty").

• The Canadian Borrower, each other Loan Party and the Third Party Security Provider hereby agrees to execute any and all further documents, agreements and instruments and take all further actions that the Administrative Agent deems reasonably necessary or advisable in connection with this Amendment, including to continue and maintain the effectiveness of the Liens and guarantees provided for under the Loan Documents, with the priority contemplated under the Loan Documents.

• Real Estate Documents □ Lease with Premises Fee Owner □ Copies of Liens or Third Party Security Interests in the Premises Lessor may request you provide additional documentation to complete the credit evaluation process.

• In accordance with Exhibit I (GE’s Third Party Security Guidelines), USBFS confirms that it will comply with the requirements contained therein.

• If Buyer does permit, allow or otherwise create a Third Party Security Interest in the Products before title has passed to Buyer, then all monies owed to WG shall immediately become due and payable.

• Real Estate Documents □ Lease with Premises Fee Owner □ Copies of Liens or Third Party Security Interests in the Premises Seller may request you provide additional documentation to complete the credit evaluation process.

• The execution and delivery of this Amendment by any Loan Party or Third Party Security Provider shall not constitute a joinder by, or agreement to be bound by the terms of, any Loan Document to which such Loan Party or Third Party Security Provider is not a party.

• For the purpose of this clause, the term "civil action” shall mean such legal action or proceeding against the Borrower, or against individual(s) or entities that have provided any Third Party Security.

More Definitions of Third Party Security

Third Party Security. Agreement: Equipment for Transportation Systems Corporation.; (xvii)

Third Party Security has the meaning given to it in Section 4.8(b).

Third Party Security. Save as otherwise expressly provided below, where any Security secures both the liabilities of a Group Company under the Facilities and the liabilities of a person (other than a Tobacco Group Company) and where the Bank holding such Security is entitled to elect (at its discretion) how the recoveries or benefit derived therefrom should be applied and appropriated as between the Indebtedness thereby secured, then such Bank shall bring into account as part of the Recoveries any benefit derived therefrom to the extent that such benefit is not actually appropriated and applied in or towards the discharge of any Indebtedness incurred to such Bank by such person.

Third Party Security has the meaning given in clause 17.9; third party: any person other than the Parties; TSA: the transitional services agreement in the Agreed Form between Hyve Events Services Limited and the Buyer, as amended pursuant to clause 6.5;