Common use of Existing Security Interest Clause in Contracts

Existing Security Interest. No Security exists on or over the assets of the Obligor except as permitted by sub-clause 5.6.1 (Negative Pledge).

Appears in 3 contracts

Sources: Letter of Credit and Reimbursement Agreement (Arch Capital Group Ltd.), Letter of Credit and Reimbursement Agreement (Arch Capital Group Ltd.), Letter of Credit and Reimbursement Agreement (Arch Capital Group Ltd.)

Existing Security Interest. No Security exists on or over the assets of the Obligor except as permitted by sub-clause 5.6.1 5.2.1 (Negative Pledge).

Appears in 1 contract

Sources: Amendment Agreement (Arch Capital Group Ltd.)