Additional Transaction Security definition

Additional Transaction Security means the Security set out in paragraph (d) and (e) in the definition of Security Document.
View Source
Additional Transaction Security means the guarantees and Security listed in Clause 2.6 (Additional Transaction Security) to be put in place in favour of the Bond Trustee (on behalf of the Bondholders, the OKEA02 Bondholders and the bondholders under Additional Secured Bonds, if applicable) after the date of the release from the Escrow Account.
View Source
Additional Transaction Security means the Security granted to or to be granted to secure the Secured Obligations pursuant to the Transaction Security Documents referred to in paragraph (b) of the definition of Transaction Security Documents.
View Source

Examples of Additional Transaction Security in a sentence

  • Despite anything to the contrary in this Agreement, any Pari Passu Debt which does not benefit from the Initial Transaction Security Documents will nonetheless be deemed and treated for the purposes of the Finance Documents and Clause 15 (Application of proceeds) as secured by the Initial Transaction Security Documents and the Additional Transaction Security Documents pari passu with other Liabilities which would otherwise have the same ranking as contemplated by Clause 20.3 (Pari Passu Effective Date).

  • The Issuer shall, and shall ensure that a relevant Group Company, grants the Additional Transaction Security as soon as reasonably possible after any Newbuild SPV and Newbuild Holdco (as applicable) have been established, in each case on terms satisfactory to the Trustee.

Related to Additional Transaction Security

  • Transaction Security means the Security created or expressed to be created in favour of the Security Agent pursuant to the Transaction Security Documents.

  • Principal Transaction means any transaction between the Sponsor, the Manager or any of their respective Affiliates, on the one hand, and the Company or one of its Subsidiaries, on the other hand.

  • Private Placement Transaction means a “limited offering” as defined from time to time in Rule 17j-l under the 1940 Act or any applicable successor provision. Currently, this means an offering exempt from registration under the Securities Act of 1933 pursuant to Section 4(2) or 4(6) or Rule 504, 505 or 506 under that Act, including hedge funds.

  • Interim Capital Transactions means the following transactions if they occur prior to the Liquidation Date: (a) borrowings, refinancings or refundings of indebtedness and sales of debt securities (other than Working Capital Borrowings and other than for items purchased on open account in the ordinary course of business) by any Group Member; (b) sales of equity interests by any Group Member (including the Common Units sold to the Underwriters pursuant to the exercise of their over-allotment option); and (c) sales or other voluntary or involuntary dispositions of any assets of any Group Member other than (i) sales or other dispositions of inventory, accounts receivable and other assets in the ordinary course of business, and (ii) sales or other dispositions of assets as part of normal retirements or replacements.

  • Transaction Security Documents means each of the documents listed as being a Transaction Security Document in paragraph 2(e) of Part I of Schedule 2 (Conditions Precedent) of the 2009 Financing Agreement and any document required to be delivered to the Administrative Agent under paragraph 3(d) of Part II of Schedule 2 (Conditions Precedent) of the 2009 Financing Agreement together with any other document entered into by any Obligor creating or expressed to create any Security over all or any part of its assets in respect of the obligations of any of the Obligors under any of the Finance Documents (and any other Debt Documents).