Terms of Security Documents. The following principles will be reflected in the terms of any security taken as part of this transaction:
Terms of Security Documents. The following principles will be reflected in the terms of any security document to be executed and delivered:
Terms of Security Documents. The following principles will be reflected in the Security Documents:
Terms of Security Documents. 4.1. Security will be first ranking, to the extent legally possible (and subject to certain liens mandatorily preferred by applicable laws).
Terms of Security Documents. 4.1 Security shall (to the extent legally possible, subject to the general principles above) be created in favor of the Security Agent, the Trustee and the Holders or the Security Agent on behalf of or as trustee for the Trustee and the Holders (as considered appropriate by counsel to the Security Agent), to secure all of the obligations of the party giving the relevant security as well as all liabilities under the Indenture and the Notes (to the extent permitted by local law).
Terms of Security Documents. The following principles will be reflected in the terms of any security taken for the benefit of the Holders of the Notes under this Indenture:
Terms of Security Documents. The following principles will be reflected in the terms of any security taken in connection with the Notes (or any refinancing thereof):
Terms of Security Documents. 4.1 Security will be first ranking (save as described below, and subject to certain liens mandatorily preferred by applicable laws), to the extent possible (and subject to certain liens mandatorily preferred by applicable laws), in accordance with the First Lien/Second Lien Intercreditor Agreement. It is hereby understood and agreed that, whenever a lien or security interest is referred to herein as being “first-ranking”, in the case of certain liens on assets located in Italy, such liens may be formally of a lower priority than “first-ranking”, as applicable, but made effectively “first-ranking”, as applicable, pursuant to deeds of equalization (atti di parificazione di grado) and/or deeds of subordination (atti di antergazione/postergazione di grado) of previously existing security.
Terms of Security Documents. Unless otherwise agreed by the Main Issuer and the Controlling Priority Lien Representative (as defined in the Collateral Trust Agreement, the “Controlling Priority Lien Representative”), the following principles will be reflected in the terms of any security taken in connection with the Agreement:
Terms of Security Documents. The following principles will be reflected in the terms of any security interest taken as part of the transaction contemplated by this agreement:
