RESTRICTION AGAINST OTHER CHARGES. The Assignor hereby declares that there is no assignment mortgage charge or debenture upon the Secured Property or any part thereof secured by this Assignment having priority to this Assignment; and
11.1 the Assignor shall not during the continuance of this Assignment sell, charge, mortgage, assign, execute any form of debenture (whether fixed or floating), pledge or lien over, or raise money on the security of, any of its/his present or future benefits rights title and interest in and to and under the Secured Property or any part thereof or deal with the same in any manner whatsoever without the written consent of the Lender first had and obtained such consent to be given or withheld at the absolute discretion of the Lender; and
11.2 this Assignment shall be without prejudice to any collateral security which may hereafter be given to the Lender whether the same be for securing the full payment of the principal monies and interest hereby secured or any part thereof or any other monies covenanted to be paid herein and whether such security is taken as additional or collateral security or otherwise howsoever.
RESTRICTION AGAINST OTHER CHARGES. (a) The Assignor declares that there is no mortgage, charge, pledge, lien, security assignment, right of set-off, caveats, or other security interests or any other similar agreement or arrangement having priority over, or ranked equal, to the assignment under this Assignment.
(b) The Assignor agrees not to sell, charge, mortgage, assign, execute any form of debenture (whether fixed or floating), pledge or lien, lease, agree to lease, let, or part with possession of all or part of the Property, or raise money on the security of the Assignor‟s rights in the Property, or deal with the Property in any manner without the Bank‟s prior written consent. The Bank‟s consent can be given or withheld at the Bank‟s absolute discretion.
(c) This Assignment will not affect any collateral security now or in future given to the Bank, whether the same is to secure full payment of the Indebtedness, and whether the security is taken as additional or collateral security or otherwise.
RESTRICTION AGAINST OTHER CHARGES. The Chargor hereby declares, covenants, warrants and undertakes that there is no debenture, mortgage, charge, pledge over the Property having priority to this Charge and that: -
(a) the Chargor shall not during the subsistence of this Charge without the consent in writing of the Chargee execute any form of debenture, charge, mortgage, pledge, lien or permit to exist any caveat or prohibitory order or both in respect of the Property.
(b) this Charge shall be without prejudice to and shall not operate so as to merge or otherwise affect any lien or any security already given by the Chargor or any other party or any other security which may hereafter be given by the Chargor or any other party to the Chargee whether the same be for securing payment of the Indebtedness or any other moneys covenanted to be paid herein and whether such security is taken as additional or collateral security or otherwise howsoever.
RESTRICTION AGAINST OTHER CHARGES. The Assignor declares, covenants, warrants and undertakes that there is no mortgage, charge, pledge or lien over the Property having priority to this Assignment and that:-
(a) the Assignor will not during the subsistence of this Assignment execute any form of charge, mortgage, debenture, pledge, lien or other security interest or permit to exist any caveat or prohibitory order or both in respect of the Property without the prior consent in writing of the Bank; or
(b) this Assignment shall be without prejudice to and shall not operate so as to merge or otherwise affect any lien or security already given by the Assignor and/or the Customer or any other security which may hereafter be given to the Bank by the Assignor and/or the Customer or any other party (whether for securing payment of the Indebtedness or any other moneys covenanted to be paid pursuant to the Security Documents and whether such security is taken as additional or collateral security or otherwise).
RESTRICTION AGAINST OTHER CHARGES. The Chargor hereby declares, covenants, warrants and undertakes that there is no mortgage, charge, pledge over the Property having priority to this Charge and that:-
(a) the Chargor shall not during the subsistence of this Charge without the consent in writing of the Chargee execute any form of charge, mortgage, pledge, lien or permit to exist any caveat or prohibitory order or both in respect of the Property.
(b) this Charge shall be without prejudice to any security already given by the Chargor or any other party or any other security which may hereafter be given to the Chargee by the Chargor or any other party to the Chargee whether the same be for securing payment of the Indebtedness or any other moneys covenanted to be paid herein and whether such security is taken as additional or collateral security or otherwise howsoever.
RESTRICTION AGAINST OTHER CHARGES. The Chargor(s) hereby declare(s), covenant(s), warrant(s) and undertake(s) that there is no mortgage, charge, pledge, lien or security interest over the Property having priority to this Charge and that :-
(a) The Chargor(s) shall not during the subsistence of this Charge without the prior consent in writing of the Bank execute any form of charge, mortgage, debenture, pledge, lien or security interest or permit to exist any caveat or prohibitory order in respect of the Property;
(b) This Charge shall be without prejudice to and shall not operate so as to merge or otherwise affect any lien or security already given by the Chargor(s) or any other security which may hereafter be given to the Bank by the Chargor(s) or any other Security Party(ies) or to which the Bank is entitled whether the same be for securing payment of the Secured Amounts and whether such security is taken as additional or collateral security or otherwise howsoever.
Section 7.1 Takaful
RESTRICTION AGAINST OTHER CHARGES. (a) The Chargor declares that there is no mortgage, charge, pledge, lien, security assignment, right of set-off, caveats, or other security interests or any other similar agreement or arrangement having priority over, or ranked equal, to this Charge.
(b) The Chargor agrees not to sell, charge, mortgage, assign, execute any form of debenture (whether fixed or floating), pledge or lien, lease/sub- lease, agree to lease/sub-lease, let, or part with possession of all or part of the Lease, or raise money on the security of the Chargor’s rights in the Lease, or deal with the Lease in any manner without the Chargee’s prior written consent. The Chargee’s consent can be given or withheld at the Chargee’s absolute discretion.
(c) This Charge will not affect any collateral security now or in future given to the Chargee, whether the same is to secure full payment of the Indebtedness, and whether the security is taken as additional or collateral security or otherwise.
RESTRICTION AGAINST OTHER CHARGES. 6.4.1 The Customer declares that there is no mortgage, charge, pledge, lien, security assignment, right of set-off, caveats, or other security interests or any other similar agreement or arrangement having priority over, or ranked equal, to the securities under the Security Documents.
6.4.2 The Customer agrees and will also cause the Security Party not to sell, charge, mortgage, assign, execute any form of debenture (whether fixed or floating), pledge or lien, lease, agree to lease, let, or part with possession of all or part of the Property, or raise money on the security of the Customer’s and/or the Security Party’s rights in the Property, or deal with the Property in any manner without the Bank’s prior written consent. The Security Documents will not affect any collateral security now or in future given to the Bank, whether the same is to secure full payment of the Indebtedness, and whether the security is taken as additional or collateral security or otherwise.
RESTRICTION AGAINST OTHER CHARGES. (a) The Company hereby declares that, other than the First Charge and the Second Charge which rank in point of security prior to the Charge created under this Debenture, there is no mortgage charge debenture pledge lien or other form of security upon the Property secured by this Debenture having priority rights or pari passu rights with this Debenture.
(b) The Company shall not during the subsistence of the Bank Security Documents without the prior consent in writing of the Bank execute any form of charge mortgage debenture (whether fixed or floating) pledge or lien in respect of the assets of the Company secured under the Bank Security Documents.
(c) This Debenture shall be without prejudice to any security already given by the Company to the Bank or any security which may hereafter be given to it by the Company whether the same be for securing repayment of the principal amount and interest thereon or any part thereof or any other money convenanted to be paid herein and whether such security is taken as additional or collateral security or otherwise howsoever.
RESTRICTION AGAINST OTHER CHARGES. The Borrower declares that there is no Security Interest having priority to the Charged Assets and shall not create any Security Interest over the Charged Assets.
