Security Clauses Clause Samples

Security Clauses. 8.1 The assignment of claims arising from this contract shall be barred.

Security Clauses. 22 Section 3.7. Issuance of Initial Bonds................................ 23 Section 3.8. Issuance of Additional Bonds............................. 23 Section 3.9. Effective Date and Term.................................. 24 ARTICLE IV

Security Clauses. (a) The Issuer hereby notifies the Borrower and the Borrower acknowledges that, among other things, Borrower's Loan Payments evidenced hereby and by the Loan Note and all of the Issuer's right, title and interest under this Agreement and the Loan Note (except Shared Rights, which with respect to rights of enforcement may be exercised by the Issuer and the Trustee jointly or severally, and with respect to rights of consent to the modification of or waiver of compliance may be exercised by the Issuer and the Trustee jointly but not severally, and Unassigned Issuer's Rights) are being concurrently with the execution and delivery hereof assigned without recourse to the Trustee as security for the Bonds as provided in the Indenture. (b) The Borrower acknowledges that each of the Trustee and the Issuer may (except with respect to Shared Rights, except that with respect thereto rights of enforcement may be exercised by the Trustee either jointly or severally with the Issuer, and rights to consent to the modification thereof or to waive compliance therewith may be exercised by the Trustee jointly with the Issuer but not severally, and Unassigned Issuer's Rights), exercise any and all of their respective rights against the Borrower pursuant to or in connection with this Agreement and the Loan Note, and the Borrower shall not question the authority of any such party to exercise such rights.

Security Clauses. In order to secure the payment of this Agreement, the Note and the Bonds according to their tenor and effect, and to secure the right of reimbursement of the General Guaranty Fund provided for in Section 2.5 of this Agreement and the right of reimbursement of the Board provided for in Section 2.6 of this Agreement and to secure the performance by the Borrower of all covenants expressed or implied in this Agreement, as of the Closing Date, the Borrower shall grant and deliver a validly perfected first security interest to the Board in the (i) Equipment pursuant to the Security Instruments, (ii) Equipment purchased with proceeds of the Bonds and (iii) Equipment purchased by the Borrower as the Borrower's equity contribution, all of which Equipment is to be pledged by the Board to the Trustee for the benefit of Bondholders pursuant to the Board Resolution as security for the Bonds and the Single Lot Bonds. The Borrower shall cause to be delivered a legal opinion on behalf of the Borrower as to the due authorization and execution of this Agreement, the Security Instruments, the Note and any other Security Instrument and as to the legality, validity and enforceability of such instruments in such form and substance satisfactory to the Board and Bond Counsel.

Security Clauses. In order to further secure its Loan obligations hereunder, the Borrower has pledged or caused to be pledged the Collateral to the Authority.

Security Clauses. Section 3.6. Issuance of Bonds . . . . . . . . . . . .

Security Clauses. In order to further secure payment of the Medium Term Notes according to their tenor and effect and to secure the performance by the Borrower of all of its covenants in this Loan Agreement, the Borrower grants to the Authority a first priority security interest in the Borrower's rights in and to all monies and Investment Obligations from time to time held in the Bond Fund, the Construction Fund or the Liquidity Fund. Anything in the Lending Documents to the contrary notwithstanding, any amounts held from time to time in the Rebate Fund are not pledged to secure the Bonds or available for payment of any sums due under the Lending Documents except pursuant to Section 4.04(d) hereof.

Security Clauses. 7.1. FACILITY SECURITY (04/12) – Security requirements for Government occupied space must meet minimum-security accreditation standards for the type of facility covered by this lease. The FAA Facility Security Management Program defines facility security accreditation standard levels. The security requirements identified below are tailored specifically for the type of facility covered by this lease. The Lessor shall provide or make accommodation to provide for all the security requirements listed herein for the leased premises covered by this lease agreement: none The local Servicing Security Element (SSE) will determine any additional security upgrades that are required to meet accreditation and shall conduct a final security assessment of the building. The Lessor shall provide maintenance services to the security upgrades installed by the Lessor within the leased premises and covered under this lease.

Security Clauses. (A) The Authority hereby notifies the Borrower and the Borrower acknowledges that, among other things, the Borrower's loan payments and all of the Authority's right, title and interest under the Financing Documents to which it is a party (except its rights under Sections 6.2, 6.4 and 7.3 hereof) are being concurrently with the execution and delivery hereof endorsed, pledged and assigned without recourse by the Authority to the Trustee as security for the Bonds as provided in the Indenture. (B) In order to further secure its loan obligation hereunder, the Borrower has executed and delivered to the Authority and the Original Purchaser the Mortgage and the Security Agreement. The Borrower hereby acknowledges and consents to the assignment thereof to the Trustee as security for the payment of the Bonds according to their tenor and effect. (C) From time to time, at the request of the Authority or the Trustee, the Borrower shall obtain, execute and deliver one or more financing statements and other instruments, and shall do all other acts and things, as the Authority or the Trustee deems necessary or desirable in order to fully secure its interest in Project Equipment acquired after the date hereof and to effectuate the transactions contemplated hereby. (D) The Authority and the Borrower acknowledge that buildings or improvements on the Project Realty are in the process of construction or repair or are to be erected or repaired, that the Authority has agreed to make the proceeds of the Bonds available to the Borrower in installments as the work progresses and to pay over any balance of the proceeds remaining upon the completion of the Project in accordance with Section 5.2 of the Indenture and that the Borrower has agreed to complete the erection or repair of the buildings and improvements to the satisfaction of the Authority in accordance with Article IV hereof. This Agreement shall constitute a security agreement within the meaning of the Connecticut Uniform Commercial Code. In addition to all other rights and remedies hereunder, the Authority and the Trustee as its assignee shall have all rights and remedies of a secured party under the Connecticut Uniform Commercial Code.