Common use of Financial Indebtedness and Security Clause in Contracts

Financial Indebtedness and Security. 22.10.1 No member of the Group has any Financial Indebtedness outstanding other than Financial Indebtedness which constitutes Permitted Financial Indebtedness. 22.10.2 No Security exists over the whole or any part of the assets of any member of the Group, other than Security which constitutes a Permitted Encumbrance. 22.10.3 Subject to filing and registration required by law (where applicable) with the appropriate statutory public register, each Security Document to which it is a party creates the security interests which it purports to create, and the Transaction Security so established: (a) is valid and effective; (b) constitutes first priority Security of the type described, over the assets referred to, in the relevant Security Document and those assets are not subject to any prior or pari passu Security in favour of any other person;

Financial Indebtedness and Security. 22.10.1 19.10.1 No member of the Group has any Financial Indebtedness outstanding other than Financial Indebtedness which constitutes Permitted Financial Indebtedness. 22.10.2 19.10.2 No Security exists over the whole or any part of the assets of any member of the Group, other than Security which constitutes a Permitted Encumbrance. 22.10.3 19.10.3 Subject to filing and registration required by law (where applicable) with the appropriate statutory public register, each Security Document to which it is a party creates the security interests which it purports to create, and the Transaction Security so established: (a) is valid and effective; (b) constitutes first priority Security of the type described, over the assets referred to, in the relevant Security Document and those assets are not subject to any prior or pari passu Security in favour of any other person;

Financial Indebtedness and Security. 22.10.1 19.10.1 No member of the Group has any Financial Indebtedness outstanding other than Financial Indebtedness which constitutes Permitted Financial Indebtedness. 22.10.2 19.10.2 No Security exists over the whole or any part of the assets of any member of the Group, other than Security which constitutes a Permitted Encumbrance. 22.10.3 19.10.3 Subject to filing and registration required by law (where applicable) with the appropriate statutory public register, each Security Document to which it is a party creates the security interests which it purports to create, and the Transaction Security so established: (a) is valid and effective; (b) constitutes first priority Security of the type described, over the assets referred to, in the relevant Security Document and those assets are not subject to any prior or pari passu Security in favour of any other person; (c) is not subject to avoidance in the event of any winding-up, dissolution or administration involving any Obligor.

Financial Indebtedness and Security. 22.10.1 19.10.1 No member of the Lesaka Group has any Financial Indebtedness outstanding other than Financial Indebtedness which constitutes Permitted Financial Indebtedness. 22.10.2 19.10.2 No Security exists over the whole or any part of the assets of any member of the Lesaka Group, other than Security which constitutes a Permitted Encumbrance. 22.10.3 19.10.3 Subject to filing and registration required by law (where applicable) with the appropriate statutory public register, each Security Document to which it is a party creates the security interests which it purports to create, and the Transaction Security so established: (a) is valid and effective; (b) constitutes first priority Security of the type described, over the assets referred to, in the relevant Security Document and those assets are not subject to any prior or pari passu Security in favour of any other person;

Financial Indebtedness and Security. 22.10.1 19.10.1 No member of the Net1 Group has any Financial Indebtedness outstanding other than Financial Indebtedness which constitutes Permitted Financial Indebtedness. 22.10.2 19.10.2 No Security exists over the whole or any part of the assets of any member of the Net1 Group, other than Security which constitutes a Permitted Encumbrance. 22.10.3 19.10.3 Subject to filing and registration required by law (where applicable) with the appropriate statutory public register, each Security Document to which it is a party creates the security interests which it purports to create, and the Transaction Security so established: (a) is valid and effective; (b) constitutes first priority Security of the type described, over the assets referred to, in the relevant Security Document and those assets are not subject to any prior or pari passu Security in favour of any other person;