Existing Security Interests definition

Existing Security Interests shall have the meaning set forth in Section 2.01 hereto.
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Existing Security Interests means Security Interests existing on the Closing Date that are not expressly required to be discharged as a condition precedent to the obligations of the Underwriter pursuant to the Bond Purchase Agreement.
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Existing Security Interests means any Security Interest granted by any member of the Group or any Borrowing Group Member over any asset of that member in respect of any Existing Facility as at the date of this Agreement which is either over the assets leased under existing Lease Facilities or as listed in Schedule 4. Exposure in relation to any creditor under a Facility means at any time:
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Examples of Existing Security Interests in a sentence

  • At the Date of the Signature, there do not exist any endorsements or securities allocated by the Borrower or one of its Subsidiaries other than the already Existing Security Interests.

  • It is acknowledged and agreed that the outstanding indebtedness and obligations evidenced by the Prior Credit Facilities are hereby renewed, extended and consolidated by this Agreement and the Other Loan Documents, and the Existing Security Interests, which are hereby respectively assigned by NationsBank and Hibernia to Agent for the benefit of Lenders, are renewed, extended and continued in full force and effect under the Security Agreement as security for the Obligations.

  • The Borrower Novation also contains an acknowledgment by WOLT of the continued existence of the Existing Security Interests, as such security interests may be released or otherwise modified in the manner described below.

  • The Existing Security Interests relate solely to (i) Purchase Money Mortgages; (ii) the Owned Properties; and (iii) as otherwise described in Schedule 11.

  • The Debtor covenants that it will not grant any other security interest in the Collateral without first obtaining the written consent of the Secured Party, except with respect to extensions, if any, of the Existing Security Interests.


More Definitions of Existing Security Interests

Existing Security Interests means any Security Interests created to secure the Existing Indebtedness;
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Existing Security Interests means any Security Interest existing as at the Issue Date; “FSMA” means the UK Financial Services and Markets Act 2000;
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Existing Security Interests means the security interests respectively in --------------------------- favor of NationsBank and Hibernia granted to secure the Prior Credit Facilities, the security agreements evidencing such security interests being more particularly described on Exhibit A to the Security Agreement. ---------
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Existing Security Interests means the Security Interests set forth in Schedule 11.
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Existing Security Interests means, in relation to an Existing Bareboat Charter, any Security Interests created to secure the Existing Indebtedness under that Existing Bareboat Charter;
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Existing Security Interests in respect of the FM-5 Satellite currently securing the indebtedness and obligations under the Original Customer Credit Agreement, including those under the Original Security Agreement, shall continue and be reaffirmed, all as security for the Obligations of the Customer under the Customer Credit Agreement and the other Loan Documents;
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Existing Security Interests means the Security Interests created or otherwise arising under credit facility arrangements between the Borrower and the Export- Import Bank of Thailand in an aggregate amount of US$4,000,000 (including without limitation those credit facilities under their US$2,000,000 short-term credit facilities agreement dated 1 August 1998 and their US$2,000,000 short- term credit facilities agreement dated 14 June 2000);
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