Shared Security definition

Shared Security has the meaning given to it in the second recital of the Security Sharing Agreement;

Shared Security means the Security created under the Security Documents, being the Security over which the creditors under the Super Senior RCF, the Super Senior Hedges, the Security Agent, the Bondholders (represented by the Agent), the Existing Bondholders (represented by the Agent) and the Agent are granted first priority Security.

Shared Security means any Security Interest, guarantee, indemnity or other form of assurance that by its terms secures both (on the one hand) the payment or repayment of any Mortgage Loan forming or to form part of the Assets of the Series Trust and (on the other hand) any Other Loan forming or to form part of the CBA Trust Assets.

Examples of Shared Security in a sentence

• Each Seller Retained Loan together with each Guarantor Purchased Loan secured by the same Shared Security will be serviced by the same servicer or sub-servicer, which will be the beneficial owner (or owner) of such Seller Retained Loan, or a servicer or subservicer appointed by such beneficial owner (or owner).

• Where Loans and their Related Security sold to the Guarantor by the Seller are secured by Shared Security which may from time to time also secure other loans, indebtedness or liabilities including Seller Retained Loans not sold to the Guarantor, such Loans shall be deemed to be Guarantor Purchased Loans and subject to the terms of this Agreement.

• In case of enforcement of the Shared Security, any enforcement proceeds will first be applied towards repayment of the Financial Indebtedness incurred by the Issuer under the Super Senior RCF and the Super Senior Xxxxxx and secondly towards redemption of the Bonds.

• Need for Shared Security Response Railways are a particularly strategic area of European Shared Infrastructure and are one of the most extensive cross-border and pan-European “essential services”.

• As of the date of this Agreement, the Seller is or will be the Servicer for the Guarantor pursuant to the terms of the Servicing Agreement and each Related Loan secured by the same Shared Security is serviced by the same servicer for itself.

More Definitions of Shared Security

Shared Security has the meaning given to it in the Security Sharing Agreement; “Shortfall” has the meaning given to it under Clause 8.1 of the Trust Deed;

Shared Security means any Transaction Security which, at the election of the Parent, is to secure all or any part of the Senior Parent Liabilities.

Shared Security means the assets which are expressed to be the subject of the Security created or evidenced or expressed to be created or evidenced under or pursuant to the Security Documents.

Shared Security means the Security created under the Security Documents, being the Security over which the Secured Parties are granted first priority Security.

Shared Security means the share pledges over the shares in Prime Living Campus Stockholm AB, reg. no 559006-7210, Prime Living Beryllgatan AB, reg. no. 556973-5672 and Prime Living Industries AB. reg. no. 559049-7193, provided to secure the Bonds and the Campus Stockholm Bonds.

Shared Security means the Security created under the Security Documents (other than the pledge over the Escrow Account), being the Security over which the creditors under the Super Senior RCF, the creditors under any New Debt, the hedge counterparties under the Super Senior Xxxxxx, the Security Agent, the Bondholders (represented by the Agent) and the Agent are granted first priority Security.

Shared Security means any Right in Security granted prior to the Relevant Phase 2 Effective Time in respect of both:(c) Transferring Secured Liabilities; and(d) Remaining Secured Liabilities,and each such Right in Security shall include any Right in Security expressed tosecure present and future liabilities on an “all monies” or similar basis;