Common use of ASSIGNMENT AND CHARGE Clause in Contracts

ASSIGNMENT AND CHARGE. The Borrower hereby: (a) assigns with full title guarantee the Assigned Rights; and (b) charges with full title guarantee the Charged Property, to the Collateral Agent to hold the same on behalf of the Secured Creditors on the terms set out in the Security Trust Deed as security for the payment and discharge of the Secured Obligations.

Appears in 4 contracts

Samples: Credit Agreement (NCL CORP Ltd.), Credit Agreement (NCL CORP Ltd.), Credit Agreement (NCL CORP Ltd.)

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