Fixed Security definition
Examples of Fixed Security in a sentence
The Chargor as security for the payment and performance of the Secured Liabilities and in the manner specified in Clause 1.2.7 of this Deed charges in favour of the Administrative Agent (as agent and trustee for the Secured Parties) by way of a floating charge all its assets not otherwise effectively mortgaged or charged by way of fixed mortgage or charge by Clause 3 (Fixed Security).
Panic Alarms (Fixed) Security Services will dispatch a patroller immediately upon the activation of identified Panic Alarms, prioritising the response.
The Net Disposal Proceeds realised upon the disposal, prior to the delivery of a Loan Acceleration Notice, by any Receiver appointed by the Borrower Security Trustee of any of the Borrower Fixed Security assets (including those resulting from a Designated Airport Disposal) shall promptly following the completion of such disposal be credited to the Disposal Proceeds Account.
The Fixed Security from time to time constituted by this Debenture shall not extend to any Chargor’s interest in the Excluded Property.
Each Chargor creates each Fixed Security subject to obtaining any necessary consent to such Fixed Security from any relevant third party.
The Chargor creates each Fixed Security subject to obtaining any necessary consent to such Fixed Security from any relevant third party.
The Chargor, as beneficial owner and as security for the payment of all of the Secured Liabilities, charges in favour of the Agent by way of a first floating charge all its assets not otherwise effectively mortgaged or charged by way of fixed mortgage or charge by Clause 2 (Fixed Security).
Immediately upon obtaining any such consent or removing any such restriction, the asset concerned will become subject to that Fixed Security and the Chargor shall promptly deliver a copy of such consent or evidence of such removal to the Collateral Agent.
Unless and until the Primary Lender Fixed Security is discharged, Scottish Ministers agree that any obligation under the Postponed Fixed Security to deposit deeds and documents of title, and all policies of insurance with Scottish Ministers shall be deemed satisfied and complied with if those are deposited with the Primary Lender.
The Fixed Security from time to time constituted by this Debenture shall not extend to the Chargor’s interest in the Excluded Assets.