Transaction Security definition

Transaction Security means the Security created or expressed to be created in favour of the Security Agent pursuant to the Transaction Security Documents.

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Transaction Security means the Security provided for the Secured Obligations pursuant to the Security Documents.

Transaction Security means the Security created or expressed to be created in favour of the Security Agent (on behalf of the Secured Parties) pursuant to the Transaction Security Documents.

Examples of Transaction Security in a sentence

• Each Obligor agrees and confirms that its guarantee and indemnity obligations under the Finance Documents and any Transaction Security granted by it in support of its own borrowing obligations or its guarantee or indemnity obligations under the Finance Documents will continue notwithstanding any assignment or transfer under this clause ‎20 and will extend to cover and support obligations owed to New Lenders and to continuing Finance Parties.

• The Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any right, power, authority or discretion arising under the Transaction Security Documents except through the Security Agent.

• It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective.

More Definitions of Transaction Security

Transaction Security means the Security provided to the Secured Parties under the Security Documents.

Transaction Security means the Security Interests created or evidenced or expressed to be created or evidenced under or pursuant to the Security Documents.

Transaction Security means any Security for all or any part of the obligations of the Borrower under the Finance Documents or any of them expressed to be created by or pursuant to, or to be evidenced in, the Security Documents or any of them.

Transaction Security as defined in the Intercreditor Agreement from time to time.

Transaction Security means the security constituted or intended to be constituted by the Security Documents;

Transaction Security means the security created or purported to be created under the Security Documents.

Transaction Security means the Security created or expressed to be created in favour of the Security Agent and/or the Secured Parties pursuant to the Security Documents or this Agreement.