Common use of Moveable Property Clause in Contracts

Moveable Property. (a) A Foreign Guarantor shall grant security over its moveable property, subject to the general principles in these Agreed Security Principles. (b) Until an Applicable Event has occurred and is continuing and to the extent permitted under the Notes Documents the Foreign Guarantor providing the security is permitted to dispose of and use its moveable assets. (c) If the granting of effective security over moveable assets gives rise to registration rights or similar taxes or costs, the secured amount under such security will be proportionate to the value of the underlying moveable asset, and ‘mandates’ to grant security will be granted where customary.

Moveable Property. (a) A Foreign Guarantor shall grant security over its moveable property, subject to the general principles set out in these Agreed Security Principles. (b) Until an Applicable Event has occurred and is continuing and to the extent permitted under the Notes Documents the Foreign Guarantor providing the security is permitted to dispose of and use its moveable assets. (c) If the granting of effective security over moveable assets gives rise to registration rights or similar taxes or costs, the secured amount under such security will be proportionate to the value of the underlying moveable asset, and ‘mandates’ to grant security will be granted where customary.

Moveable Property. (a) A Foreign Guarantor shall grant security over its moveable property, subject to the general principles in these Agreed Security Principles. (b) Until an Applicable Event has occurred and is continuing and to To the extent permitted under the Notes Documents Loan Documents, the Foreign Guarantor providing the security is permitted to dispose of and use its moveable assets. (c) If the granting of effective security over moveable assets gives rise to registration rights or similar taxes or costs, the secured amount under such security will be proportionate to the value of the underlying moveable asset, and ‘mandates’ to grant security will be granted where customary.