Common use of Reservation of Security Interests as Against Third Parties Clause in Contracts

Reservation of Security Interests as Against Third Parties. Nothing contained in this Agreement is intended to affect or limit in any way the Lien each of the Secured Parties has in or on any or all of the property and assets of any Obligor or third party, whether tangible or intangible, insofar as any Obligor and third parties are concerned. The Secured Parties specifically reserve all respective Lien and rights to assert such Lien as against the Obligors and third parties.

Appears in 3 contracts

Samples: And Intercreditor Agreement, Access, Use and Intercreditor Agreement (Constar International Inc), Access, Use and Intercreditor Agreement (Constar International Inc)

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Reservation of Security Interests as Against Third Parties. Nothing contained in this Agreement is intended to affect or limit in any way the Lien security interests and/or liens each of the Secured Parties has in or on any or all of the property and assets of any Obligor Loan Party or third party, whether tangible or intangible, insofar as any Obligor Loan Party and third parties are concerned. The Secured Parties specifically reserve all respective Lien security interests and/or liens and rights to assert such Lien security interests and/or liens as against the Obligors Loan Parties and third parties.

Appears in 2 contracts

Samples: Collateral Access Agreement (WCI Steel, Inc.), Pledge and Security Agreement (WCI Steel, Inc.)

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