Transaction Security definition

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 pursuant to the Transaction Security Documents.

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

Examples of Transaction Security in a sentence

• Each of the Parties agrees that the Transaction Security (Security Agreement I) shall rank and secure the Secured Liabilities I, pari passu and without any preference between them.

• Except to the extent of the amendments effected strictly in accordance with this Agreement, the Working Capital Notes Documents (including, without limitation, the Existing Guarantees and the Existing Transaction Security) shall continue in full force and effect.

• The Transaction Security has or will have the ranking in priority which it is expressed to have in the Transaction Security Documents and it is not subject to any prior ranking or pari passu ranking Security.

• Each of the Parties agrees that the Transaction Security (Security Agreement II) shall rank and secure the Secured Liabilities II, pari passu and without any preference between them.

• 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 Security Agreements except through the Security Agents.

More Definitions of Transaction Security

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

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

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 any or all of the Secured Parties pursuant to or under any or all of the Security Documents.

Transaction Security means any Security granted under the Finance Documents.