WEB Channel definition

WEB Channel. Secured Party"
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WEB Channel means the webpage defined by the Bank from which user can browse the Facility and use the service available therein.
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Examples of WEB Channel in a sentence

  • WEB Channel shall at all times and at its own expense maintain and keep, or cause to be maintained and kept, the Collateral in good repair, working order, and condition; pay and discharge when due all taxes, license fees, levies and other charges upon it; and not permit it to be used in violation of any applicable law, regulation or policy of insurance.

  • WEB Channel hereby ratifies all that such attorney shall lawfully do or cause to be done by virtue hereof.

  • To secure payment of the Obligations, WEB Channel hereby irrevocably pledges and assigns to, and grants Secured Party a first priority security interest (the “Security Interest”), with power of sale to the extent permitted by law, in the Collateral.

  • WEB Channel shall at its own expense and using commercially reasonable efforts, protect and defend the Collateral against all claims or demands.

  • WEB Channel has authority to enter into this Agreement and any person signing it on WEB Channel’s behalf has been duly authorized to take such action.

  • WEB Channel shall not change its legal name or its form of organization without thirty (30) days’ prior written notice to Secured Party.

  • This Agreement shall be binding upon and inure to the benefit of WEB Channel and Secured Party and their respective participants, successors, and assigns and shall take effect when signed by WEB Channel and Secured Party, and WEB Channel waives notice of Secured Party’s acceptance hereof.

  • Secured Party has required, as a condition to entering into the transactions contemplated by the Asset Purchase Agreement, that WEB Channel grant Secured Party a first priority security interest in all of WEB Channel’s assets and property, and to that end has required the execution and delivery of this Agreement by WEB Channel.

  • Secured Party shall not be obligated to preserve any rights WEB Channel may have against prior parties, to realize on the Collateral at all or in any particular manner or order, or to apply any cash proceeds of the Collateral in any particular order of application.