Grantor Security Interests definition

Grantor Security Interests has the meaning set out in Section 10.3 hereof;
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Grantor Security Interests means the security interest(s) created by or for which provision is made in this Agreement;
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Examples of Grantor Security Interests in a sentence

  • The Interim Security Agent is not obliged to marshal, enforce, apply, appropriate, recover or exercise any security, guarantee or other right held by it, or any moneys or property that it holds or is entitled to receive, before the power of enforcement over the Grantor Security Interests or part of them is exercised.

  • The Grantor Security Interests are independent of, and in addition to and will not merge with, be prejudicially affected by, or prejudicially affect, any other Security Interest or guarantee for any of the Secured Obligations now or subsequently held by the Interim Security Agent or its nominee or any other Interim Finance Party.

  • The Secured Obligations extend to and include, and the Grantor Security Interests therefore extend to and are security for, any further advances made under any of the Interim Documents whether or not contemplated by any party to this Agreement or by any other person when this Agreement is executed.

  • Subject to Clause 15 (Covenant to Release), the Grantor Security Interests shall each be a continuing security interest for, and will extend to the ultimate balance of, the Secured Obligations notwithstanding any partial or intermediate payment or performance of the Secured Obligations.

  • Subject to Clause 14 (Covenant to Release), the Grantor Security Interests shall each be a continuing security interest for, and will extend to the ultimate balance of, the Secured Obligations notwithstanding any partial or intermediate payment or performance of the Secured Obligations.

Related to Grantor Security Interests

  • Prior Security Interest means a valid and enforceable perfected first-priority security interest under the Uniform Commercial Code in the Collateral which is subject only to statutory Liens for taxes not yet due and payable or Purchase Money Security Interests.

  • Permitted Security Interests means (i) any Security Interest for taxes, assessments or governmental charges or levies which relate to obligations not yet due and delinquent, (ii) easements, servitudes, encroachments and other minor imperfections of title which do not, individually or in the aggregate, detract from the value of or impair the use or marketability of any real property, and (iii) undetermined or inchoate Security Interests arising or potentially arising under statutory provisions which have not at the relevant time been filed or registered in accordance with applicable laws or of which written notice has not been given in accordance with applicable laws;

  • Permitted Security Interest means any Security Interest:

  • Guarantor Security Agreement means any security agreement executed by any Guarantor in favor of Agent securing the Obligations or the Guaranty of such Guarantor, in form and substance satisfactory to Agent.

  • Security Interests means the security interests in the Collateral granted hereunder securing the Secured Obligations.