Further Security Sample Clauses

Further Security. Notwithstanding the intent among the parties as set forth above, Consignee agrees to and herein does grant to Global and Consignor a security interest as set forth below, if for any reason the transactions are not deemed to have been consignment transactions, but rather purchases and sales in which Global and Consignor have retained a security interest therein.

Further Security. The Authority covenants that it will promptly make, execute and deliver all indentures supplemental hereto, or otherwise, and take all such action as may reasonably be deemed by the Trustee necessary or advisable for better assuring and confirming to the Trustee the Trust Estate or any part thereof.

Further Security. 20.1 No representation is made by the Bank to the Customer or any Security Provider that the Bank will obtain guarantees from any other guarantors or that the Bank will obtain security for the liabilities of the Customer or any other Security Provider. Failure to obtain security or any additional guarantee (even if the Bank had intended to obtain it) or the discharge or release of any guarantee or security (or both) shall neither discharge any Security Provider from liability hereunder nor release any security provided by a Security Provider.

Further Security. Such further security, guarantors and ancillary documents and agreements as the Lender or its solicitors may, acting reasonably, deem necessary to adequately secure the Loan obligations and complete and perfect the Security.

Further Security. If a Subsidiary: (a) is or becomes a Material Group Company or is required to become or becomes an Additional Guarantor after the P▇▇▇▇▇▇ Effective Date; or (b) is formed or acquired after the P▇▇▇▇▇▇ Effective Date (having obtained all appropriate consents and authorisations under the Senior Finance Documents) and is incorporated under the laws of England and Wales or Scotland and is not a Dormant Company, then as soon as reasonably practicable after, and in any event within 10 Business Days of, the date it becomes or is declared to be a Material Group Company or is required to become or becomes an Additional Guarantor or, as appropriate, the date of its formation or acquisition (unless the Obligors’ Agent receives written notice from the Agent (acting on the instructions of the Majority Lenders) that such Subsidiary is not required to grant security pursuant to this Clause 20.1) the Parent shall procure that: (i) subject to the Security/Guarantee Principles, such Subsidiary will execute security in the form required by the Agent in favour of the Security Agent for the benefit of the Finance Parties substantially on the same terms as those contained in the Security Documents in existence on the P▇▇▇▇▇▇ Effective Date; (ii) subject to the Security/Guarantee Principles, such Subsidiary will execute an accession deed to the Intercreditor Deed; and (iii) subject to the Security/Guarantee Principles, the immediate Holding Company of such Subsidiary will (if it has not already done so) execute a Security Document in favour of the Security Agent for the benefit of the Lenders over the entire issued share capital of such Subsidiary as security for all Financial Indebtedness under the Senior Finance Documents. The Parent shall procure that such evidence as the Agent shall require on the due execution of the above documents is provided to the Agent together with a legal opinion satisfactory to the Agent. If any Utilisation of the Revolving Facility has been used to acquire the shares in a Subsidiary which is required to give security or a guarantee under Clause 19 (Guarantee and Additional Guarantors) or Clause 20 (Security and Releases) the relevant Utilisation will remain separate from and will not be consolidated with any other Utilisation.

Further Security. (a) Each Borrower shall if it enters into any any contract of employment (including, inter alia, step-in rights) in respect of the Vessel owned by it for a period exceeding 18 months (including any options, extensions and/or renewals), within 30 days after the entering into of such contract enter into an Assignment Agreement with the Agent in respect of its rights under such contract, and do all such acts and execute all such documents in favour of the Agent and provide such documentation to the Agent as the Agent may reasonably require to perfect the security created or intended to be created thereunder and evidence that the Assignment Agreement has been validly executed by the relevant Borrower. (b) Each Borrower shall if it enters into any Hedging Agreement, within 30 days after the entering into of such Hedging Agreement enter into a Hedging Agreement Assignment Agreement with the Agent in respect of its claims relating to any such Hedging Agreement, and do all such acts and execute all such documents in favour of the Agent and provide such documentation to the Agent as the Agent may reasonably require to perfect the security created or intended to be created thereunder and evidence that the Hedging Agreement Assignment Agreement has been validly executed by the relevant Borrower.

Further Security. If required by the Bank at any time, the Customer shall provide further security for the Facility and execute such further security documents for the further security at the costs of the Customer.

Further Security. If the credit rating of the issuer of any Financial Security, put in place by the Company in accordance with the requirements of this Connection Agreement, falls below the Approved Rating, Gas Networks Ireland may require the Company to replace such issuer with an entity possessing a credit rating which is equal to or exceeds the Approved Rating.

Further Security. At the Bank’s request, the Borrower will execute and deliver to the Bank or as the Bank shall direct such mortgages charges assignments pledges or transfers whether legal or otherwise as the Bank shall require over all or any of the Borrower’s undertaking property assets and rights both movable and immovable now belonging to or which may hereafter be acquired by or belong to the Borrower (including any vendor’s lien) to secure all moneys obligations and liabilities whatsoever hereby agreed to be paid or intended to be hereby secured; such mortgages, charges, assignments, pledges or transfer to be prepared by or on behalf of the Bank and to contain such terms and provisions as the Bank may require. All expenses, fees and charges incurred in the preparation of the above documents shall be borne by the Borrower.