New Transaction Security Documents Clause Samples

New Transaction Security Documents. At least one original of each of the New Transaction Security Documents set out below executed by the relevant Obligor: (a) Security Interest for the Benefit of all Existing Facilities and the Guarantee Facility (i) A New York law first priority pledge over all the equity interests in Boise Trading Inc., granted by UP Offshore Bahamas. (ii) A Bahamanian law first priority pledge over the equity interests in UP Offshore Bahamas, granted by Holdings. (iii) A New York law first priority pledge over each Deposit Account located in the United States, granted by each Obligor with such a Deposit Account, along with a Control Agreement in connection therewith. (iv) A Brazilian law first priority pledge over each Deposit Account located in Brazil, granted by each Obligor with such a Deposit Account, along with a Control Agreement in connection therewith. (v) An English law first priority pledge over each Deposit Account located in the United Kingdom, granted by each Obligor with such a Deposit Account, along with a Control Agreement in connection therewith. (vi) A New York law assignment of charters in relation to the UP OPAL, granted by Hanford Shipping Inc. (vii) A Panamanian law first priority cross collateralized mortgage in the UP OPAL granted by Hanford Shipping, Inc. (viii) A New York law first priority pledge over all the equity interests in Hanford Shipping, Inc., granted by Boise Trading Inc. (ix) A New York law Earnings Assignment of the UP OPAL, granted by Hanford Shipping Inc. (x) A New York law Insurances Assignment over the UP OPAL, granted by Hanford Shipping Inc., and each other Obligor with an interest in such Insurances.