Common use of Ranking of security Clause in Contracts

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

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Ranking of security. The security conferred by the Funding 2 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 2 1 Deed of Charge and the Funding 2 Charged Property is security assets are not subject to any prior or pari passu Security Interests.

Appears in 1 contract

Samples: Agreement (Permanent Mortgages Trustee LTD)

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

Appears in 1 contract

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

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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 describedinterest, and over the security assets referred to, in the Funding 2 Deed of Charge and the Funding 2 Charged Property is security assets are not subject to any prior or pari passu Security Interests.

Appears in 1 contract

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

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