Common use of Payment and Security Clause in Contracts

Payment and Security. The Security Trustee or any other Finance Parties may retain and pay out of any money in the hands of the Security Trustee or such Finance Party all sums necessary to effect the indemnity contained in this Clause and all sums payable by any Chargor under this Clause shall form part of the monies hereby secured.

Appears in 4 contracts

Samples: Charge Over Deposit Account (China Netcom Group CORP (Hong Kong) LTD), Charge Over Accounts (China Netcom Group CORP (Hong Kong) LTD), Charge Over Accounts (China Netcom Group CORP (Hong Kong) LTD)

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Payment and Security. The Security Trustee or any other Finance Parties Party may retain and pay out of any money in the hands of the Security Trustee or such Finance Party all sums necessary to effect the indemnity contained in this Clause and all sums payable by any Chargor under this Clause shall form part of the monies hereby secured.

Appears in 4 contracts

Samples: Debenture (China Netcom Group CORP (Hong Kong) LTD), Debenture (China Netcom Group CORP (Hong Kong) LTD), Debenture (China Netcom Group CORP (Hong Kong) LTD)

Payment and Security. The Security Trustee or any other Finance Parties may retain and pay out of any money in the hands of the Security Trustee or such Finance Party all sums necessary to effect the indemnity contained in this Clause and all sums payable by any Chargor Assignor under this Clause shall form part of the monies hereby secured.

Appears in 2 contracts

Samples: Security Assignment (China Netcom Group CORP (Hong Kong) LTD), Security Assignment (China Netcom Group CORP (Hong Kong) LTD)

Payment and Security. The Security Trustee or any other Finance Parties Party may retain and pay out of any money in the hands of the Security Trustee or such Finance Party all sums necessary to effect the indemnity contained in this Clause and all sums payable by any the Chargor under this Clause shall form part of the monies hereby secured.

Appears in 2 contracts

Samples: Debenture (China Netcom Group CORP (Hong Kong) LTD), Debenture (China Netcom Group CORP (Hong Kong) LTD)

Payment and Security. The Security Trustee or any other Finance Parties Party may retain and pay out of any money in the hands of the Security Trustee or such Finance Party all sums necessary to effect the indemnity contained in this Clause and all sums payable by any Chargor the Mortgagor under this Clause shall form part of the monies hereby secured.

Appears in 2 contracts

Samples: Deed of Mortgage of Shares (China Netcom Group CORP (Hong Kong) LTD), Deed of Mortgage of Shares (China Netcom Group CORP (Hong Kong) LTD)

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Payment and Security. The Security Trustee or any other Finance Parties Party may retain and pay out of any money in the hands of the Security Trustee or such Finance Party all sums necessary to effect the indemnity contained in this Clause and all sums payable by any Chargor Subordinated Lender or the Borrower under this Clause shall form part of the monies hereby secured.

Appears in 2 contracts

Samples: Group Subordination Deed (China Netcom Group CORP (Hong Kong) LTD), Group Subordination Deed (China Netcom Group CORP (Hong Kong) LTD)

Payment and Security. The Security Trustee or any other Finance Parties Party may retain and pay out of any money in the [Group Assignment of Insurances] hands of the Security Trustee or such Finance Party all sums necessary to effect the indemnity contained in this Clause and all sums payable by any Chargor Assignor under this Clause shall form part of the monies hereby secured.

Appears in 2 contracts

Samples: Group Assignment of Insurances (China Netcom Group CORP (Hong Kong) LTD), Group Assignment of Insurances (China Netcom Group CORP (Hong Kong) LTD)

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