Common use of No Use of Collateral Clause in Contracts

No Use of Collateral. For the avoidance of doubt, and without limiting the rights of the Secured Party under the other provisions of this Deed, the Secured Party will not have the right to sell, pledge, rehypothecate, assign, invest, use, commingle or otherwise dispose of, or otherwise use in its business any Posted Collateral it holds under this Deed.

Appears in 3 contracts

Samples: Credit Support Deed (Corvina Holdings LTD), Credit Support Deed (Virgin Entertainment Investment Holdings LTD), Credit Support Deed (Virgin Entertainment Investment Holdings LTD)

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No Use of Collateral. For the avoidance of doubt, and without limiting the rights of the Secured Party under the other provisions of this Deed, the Secured Party will not have the right to sell, pledge, rehypothecate, assign, invest, use, commingle or otherwise dispose of, or otherwise use in its business any Posted Collateral it holds under this Deed.Deed.β€Œβ€Œ

Appears in 1 contract

Samples: Credit Support Deed

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