Common use of Benefit of Security Agreement Clause in Contracts

Benefit of Security Agreement. The terms and provisions of this Security Agreement shall be binding upon and inure to the benefit of each Grantor, the Notes Collateral Agent and the Secured Notes Secured Parties and their respective successors and permitted assigns (including all Persons who become bound as a debtor to this Security Agreement). No sale of participations, assignments, transfers, or other dispositions of any agreement governing the Secured Notes Obligations or any portion thereof or interest therein shall in any manner impair the Lien granted to the Notes Collateral Agent hereunder for the benefit of the Notes Collateral Agent and the Secured Notes Secured Parties.

Appears in 3 contracts

Samples: MSW Pledge and Security Agreement (New Fortress Energy Inc.), Security Agreement (New Fortress Energy Inc.), Pledge and Security Agreement (New Fortress Energy Inc.)

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Benefit of Security Agreement. The terms and provisions of this Security Agreement shall be binding upon and inure to the benefit of each Grantor, the Notes Collateral Agent and the Secured Notes Secured Parties and their respective successors and permitted assigns (including all Persons who become bound as a debtor to this Security Agreement). No sale of participations, assignments, transfers, or other dispositions of any agreement governing the Secured Notes Obligations or any portion thereof or interest therein shall in any manner impair the Lien granted to the Notes Collateral Agent hereunder for the benefit of the Notes Collateral Agent and the Secured Notes Secured Parties.

Appears in 1 contract

Samples: Pledge and Security Agreement (Blackstone Mortgage Trust, Inc.)

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