Security Pool definition

Security Pool means, collectively, all Individual Properties on which Lender has a Lien as security for the Loans, as the same may change from time to time in accordance with the terms and conditions hereof. The Individual Properties in the Security Pool as of the date hereof are set forth on Exhibit B attached hereto.
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Security Pool means the pool of assets in which a subordinate Lien has been granted by the Company as security for the Securities pursuant to the Pledge Agreement.
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Security Pool means together all the assets of the Obligors included in the Transaction Secu- rity.
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Examples of Security Pool in a sentence

  • If no such employees are available, the Employer will assign the work to the most senior available part-time or event-time employee on the Building Security Pool list.

  • The Trustee and each of the Holders acknowledge that the release of any assets comprising the Security Pool and the Senior Collateral from the terms hereof and of the Pledge Agreement will not be deemed to impair the security under this Indenture if and to the extent any such asset is released in accordance with the terms of the Indenture and the Pledge Agreement.

  • The Company may also grant an additional Lien on the Senior Collateral to secure any additional Indebtedness of the Company which is also secured by an additional Lien on the assets in the Security Pool as provided in this Section 1109.

  • The Company will make a subordinate assignment and pledge of its right, title and interest in and to the assets comprising the Security Pool to the Trustee as required by and in accordance with the Pledge Agreement.

  • If the Control Room Operator is absent for one to three shifts, the two most senior part-time or event time employees from the Control Room Pool list and the Building Security Pool list will be assigned to work the requisite hours to fill the vacancy.

  • Pursuant to the Pledge Agreement, the Company will assign and grant to the Trustee a first Lien upon the Senior Collateral and a subordinate and junior Lien upon the assets in the Security Pool.

  • In addition to the supervision of the maintenance employees, AGENT shall supervise contracted labor such as Security, Pool Maintenance, Pest Control, and similar on-going contracted services.

  • The ratio of (i) Net Operating Income LESS all tenant improvement costs and leasing commissions actually expended for the period and an annual capital expenditure reserve of $.17 per square foot of leasable area of the Facilities in the Security Pool to (ii) the Debt Service shall be no less than 1.7 to 1.0. This ratio shall be measured at the end of each Fiscal Quarter, on an historical rolling four Fiscal Quarter basis.

  • For the twenty-four (24) month period following the Effective Date, Borrower shall have the right to substitute a Proposed Facility for a Facility, and Lender shall release its Lien on the Facility then in the Security Pool, which substitution and release shall be subject to and accordance with the conditions and procedures set forth in SUBSECTIONS 4.3 and 4.

  • If no Event of Default or Potential Event of Default then exists, Borrower may terminate any Approved Lease, without the consent of Prudential, if such termination is based on Approved Manager Business Practices and if the Security Pool Covenants shall continue to be satisfied after giving affect to the termination.


More Definitions of Security Pool

Security Pool means together all the assets of the Obligors included in the Transaction Security.
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Security Pool means, collectively, each Facility on which Lender has a Lien as security for the Loan, as the same may change from time to time in accordance with the terms and conditions hereof. The Facilities in the Security Pool as of the date hereof are set forth on EXHIBIT C attached hereto. "SECURITY POOL COVENANTS" has the meaning ascribed to such term in SUBSECTION 3.1.
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Security Pool means Security Pool 1 and Security Pool 2, or either of them as the context requires.
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Security Pool means the assets from time to time encumbered in favour of the Trustee to secure Timbercorp’s obligations under the Trust Deed;
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Security Pool means the Vessels listed in the Second Schedule and any other vessel which is or may in the future be mortgaged to provide security for the Borrower’s obligations hereunder and each of the other assets from time to time mortgaged or charged to secure the Borrower’s obligations under this Agreement and allocated to the Security Pool.
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Security Pool means the Existing Vessels and the New Vessels
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Related to Security Pool

  • Security Policy means the Authority’s Security Policy annexed to Schedule (Security Requirements and Plan) as updated from time to time.

  • Security Policy Framework means the Cabinet Office Security Policy Framework (available from the Cabinet Office Security Policy Division);

  • Security Plan means the Contractor’s security plan prepared pursuant to paragraph 3 of Schedule (Security Requirements & Plan)

  • Security Property means all right, title and interest in, to and under any Security Document, including:

  • Security Bond means an amount payable by a tenant as security for the performance of his obligations under a residential tenancy agreement, including an amount referred to in section 29(1)(b)(ii);