Common use of Obligations to be Secured Clause in Contracts

Obligations to be Secured. 1. The Security will secure both the Notes, the Note Guarantees and the Issuer’s Obligations under this Indenture to the extent permitted by law and Security is to be granted in favor of the Security Agent on behalf of the Holders of Notes and the Trustee.

Obligations to be Secured. 1. The Security will secure both the Notes, the Note Guarantees and the Issuer’s Obligations under this the Indenture to the extent permitted by law and Security is to be granted in favor of the Security Agent on behalf of the Holders of Notes and the Trustee.