Security Property
means all right, title and interest in, to and under any Security Document, including:
Security Property.
’ means the property, real, personal or mixed, or an interest in prop- erty, including leaseholds, life estates, rever- sionary interests, and any other estates under applicable State law, together with fixtures and other interests subject to the lien of the mortgage under applicable State law;
Security Property
has the meaning given to it in Schedule 7 (Security agency provisions).
Examples of Security Property in a sentence
Truist may, at any time and from time to time, assign all or any part of its interest in the Security Property or this Agreement, including, without limitation, Truist's rights to receive Required Payments.
The Lessee shall not allow any liens for taxes, assessments or governmental charges with respect to the Security Property or any portion thereof to become delinquent (including, without limitation, any taxes levied upon the Security Property or any portion thereof which, if not paid, will become a charge on any interest in the Security Property, including Truist's interest, or the rentals and revenues derived therefrom or hereunder).
All expenditures incurred by Truist (including any advancement of funds for payment of taxes, insurance premiums or other costs of maintaining the Security Property, and any associated legal or other expenses), together with interest thereon at the Prime Rate, shall be secured as Additional Payments under this Agreement.
To the extent permitted by law, the Lessee shall indemnify, protect and save Truist and its officers and directors harmless from all liability, obligations, losses, claims, damages, actions, suits, proceedings, costs and expenses, including attorneys' fees, arising out of, connected with, or resulting directly or indirectly from the Security Property or the transactions contemplated by this Agreement, including without limitation the possession, condition or use of the Equipment.
Upon the continuation of any Event of Default and in addition to all other remedies granted in this Agreement, Truist shall have all the rights and remedies of a secured party under the UCC and may proceed to execute upon the Security Property.
More Definitions of Security Property
Security Property
means any property subject to a Security.
Security Property
means the property the subject of any security.
Security Property
means property provided as collateral for a Facility that, in substance, secures payment or performance of an obligation under the Facility. This could be real estate, a car, a piece of equipment, shares or any other asset we consider acceptable.
Security Property
means the Equipment and all amounts on deposit from time to time in the Project Fund.
Security Property
is defined in Section 24.2(b) of the Lease.
Security Property
is defined in the Security Instrument.
Security Property
means (a) the security created or evidenced or expressed to be created or evidenced under or pursuant to the Security Agreements expressed to be granted in favor of the Collateral Trustee for the benefit of the Secured Parties and all proceeds of the same; (b) all obligations expressed to be undertaken by a Credit Party to pay amounts in respect of any liabilities to the Collateral Trustee for the benefit of the Secured Parties and secured by the security created or evidenced or expressed to be created or evidenced under or pursuant to the Security Agreements, together with all representations and warranties expressed to be given by a Credit Party in favor of the Collateral Trustee for the benefit of the Secured Parties; and (c) any other amounts or property, whether rights, entitlements, choses in action or otherwise, actual or contingent, which the Collateral Trustee is required by the terms of the Security Agreements or this Agreement to hold as trustee on trust for or as agent on behalf of the Secured Parties.
