Common use of Charge over Secured Property Clause in Contracts

Charge over Secured Property. The Security Interest created by this Agreement shall constitute: a) Security Interest: a Security Interest over all Secured Property of the Obligor which is Personal Property of the Obligor; and

Charge over Secured Property. The Security Interest created by this Agreement shall constitute: (a) Security Interest: a A Security Interest over all Secured Property of the Obligor which is Personal Property of the Obligor; and (b) Fixed Charge: a fixed charge over all Secured Property of the Obligor which is not Personal Property.