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 2 Deed of Charge constitutes a first priority security interest of the type described, and over the security assets referred to, in the Funding 2 Deed of Charge and the Funding 2 Charged Property is not subject to any prior or pari passu Security Interests.

Appears in 6 contracts

Samples: Global Intercompany Loan Agreement (Granite Master Issuer PLC), Loan Agreement (Permanent Funding (No. 2) LTD), Master Intercompany Loan Agreement (Permanent Funding (No. 2) LTD)

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

Appears in 1 contract

Samples: Intercompany Loan Agreement (HOLMES FINANCING (No. 9) PLC)

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

Appears in 1 contract

Samples: Intercompany Loan Terms and Conditions (Permanent Mortgages Trustee LTD)

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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 security assets are not subject to any prior or pari passu Security Interests.

Appears in 1 contract

Samples: Intercompany Loan Agreement (HOLMES FINANCING (No. 9) PLC)

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