Further Security definition

Further Security means, individually and collectively,if provided (from the date on which it is so provided), all of the Security Interests and subordination undertakings granted in favour of Land Bank by any Obligor as security for the fulfilment by the Borrower of its obligations under this Agreement, other than the Security contemplated in Schedule 1 as at the Signature Date;
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Further Security has the meaning specified in Clause 3.7 of the European Receivables Warehouse Company Deed of Charge and Clause 3.7 of the European Master Purchaser Deed of Charge, as the case may be; GAAP means, in connection with the LLC Agreement, generally accepted accounting principles in the respective jurisdiction of the relevant entity which are in effect as of the date of the LLC Agreement;
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Further Security has the meaning given to it in the Master Purchaser Deed of Charge;
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Examples of Further Security in a sentence

  • Further, Security Deposit of the Bidder will be refunded on successful completion of the contract and within one month of submission of No Dues Certificate (NDC).

  • Further, Security Benefit shall indemnify Investment Services, Price Associates and any Affiliate thereof under this Agreement to the extent that SBL-N.Y. is unable to fulfill its indemnification obligations under the N.Y.

  • Each Subsidiary Guarantor Pledgor that grants such Further Security after the Issue Date, upon the granting of the Further Security, will be a “Subsidiary Guarantor Pledgor”.

  • Prior to the entering into of the Further Security System Works Contracts, iAdvantage entered into the Previous Security System Works Contracts with Lik On on 4 February 2021 and 23 March 2022 respectively, pursuant to which Lik On agreed to carry out, be responsible for and complete, for the Project, the Previous Security System Works at the Previous Aggregate Contract Sum of HK$19,341,035.

  • Each Subsidiary Guarantor that grants such Further Security after the Issue Date, upon the granting of the Further Security, will be a “Subsidiary Guarantor Pledgor”.

  • Further, Security State Bank may, from time to time, revise or update the Security State Bank program, services, and/or related material(s) rendering such prior versions obsolete.

  • Each security constituted by Clauses 7.10 (Charge) and 7.12 (Further Security) of this Schedule VI is a continuing security and secures the ultimate balance of all indebtedness from time to time owing by the Client to TCSCL notwithstanding any intermediate repayment or satisfaction of all or any of such indebtedness.

  • Further, Security State Bank reserves the right, in its sole discretion, to change, modify, add, or remove portions from the Services.

  • The Issuer will, and will procure that the Subsidiary Guarantors will, use its reasonable efforts promptly to obtain any necessary consents and waivers and to take all other actions necessary to grant such Further Security to the Common Security Trustee.

  • Further, Security Bank reserves the right, in its sole discretion, to change, modify, add, or remove portions from the Services.


More Definitions of Further Security

Further Security is to a mortgage, charge, pledge, lien or other encumbrance or security interest securing any obligation of any person or any other arrangement having a similar economic effect; and
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Further Security has the meaning set out in Condition 4(B);
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Related to Further Security

  • Other Security means any security acceptable to the commissioner other than security meeting the definition of Primary Security.

  • Cyber Security means the condition in which road vehicles and their functions are protected from cyber threats to electrical or electronic components.

  • Other Securitization As defined in Section 11.06.

  • LCR Security means any commercial paper or security (other than equity securities issued to Parent or any Originator that is a consolidated subsidiary of Parent under GAAP) within the meaning of Paragraph __.32(e)(viii) of the final rules titled Liquidity Coverage Ratio: Liquidity Risk Measurement Standards, 79 Fed. Reg. 197, 61440 et seq. (October 10, 2014).

  • Other Secured Claim means any Secured Claim other than an Administrative Claim, Secured Tax Claim, DIP Facility Claim, or Prepetition Credit Agreement Claim.