Common use of Ranking of security Clause in Contracts

Ranking of security. The security conferred by the Funding Deed of Charge constitutes a first priority security interest of the type described, and over the security assets referred to, in the Funding Deed of Charge and the Funding Charged Property is not subject to any prior or pari passu Security Interests.

Appears in 13 contracts

Samples: Master Intercompany Loan Agreement, Master Intercompany Loan Agreement, Master Intercompany Loan Agreement

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Ranking of security. The security conferred by the Funding 1 Deed of Charge constitutes a first priority security interest Security Interest, of the type describeddescribed in the Funding 1 Deed of Charge, and over the security assets referred to, to in the Funding 1 Deed of Charge Charge, and the Funding Charged Property is security assets are not subject to any prior or pari passu ranking Security Interests.

Appears in 4 contracts

Samples: Intercompany Loan Agreement, Intercompany Loan Agreement, Intercompanyloan Agreement

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