Scope of Security. 3.1 The Pledged Equity hereunder offers security for:
3.1.1 The Secured Debt defined in Section 1.1.1 hereof; and
3.1.2 The costs paid by Pledgee to realize the pledge to which Pledgee is entitled hereunder.
Scope of Security. 3.1 The scope of security of the Pledged Stock Rights under this Agreement shall cover:
3.1.1 the Secured Debts as defined in Article 1.2 of this Agreement;
3.1.2 the expenditures paid by the Pledgee for enforcing its right of pledge under this Agreement.
Scope of Security. (1) To the extent that the creation of the Security would constitute a breach or permit the acceleration or termination of any agreement, right, licence or permit of the Guarantor (each, a “Restricted Asset”), the Security shall not attach to the Restricted Asset but the Guarantor shall hold its interest in the Restricted Asset in trust for the Bond Trustee, and shall be deemed to have granted a Security in such Restricted Asset to the Bond Trustee or as it may direct immediately, and such Security shall attach to the Restricted Asset, upon obtaining the consent of the other party.
(2) Until the Security shall have become enforceable, the grant of the Security in the Intellectual Property shall not affect in any way the Guarantor’s rights to commercially exploit the Intellectual Property, defend it, enforce the Guarantor’s rights in it or with respect to it against third parties in any court or claim and be entitled to receive any damages with respect to any infringement of it.
(3) The Security shall not extend to consumer goods.
(4) The Security shall not extend or apply to the last day of the term of any lease or sublease or any agreement for a lease or sublease, now held or hereafter acquired by the Guarantor in respect of real property, but the Guarantor shall stand possessed of any such last day upon trust to assign and dispose of it as the Bond Trustee may direct.
Scope of Security. The scope of security of the Pledged Shares hereunder covers all obligations or debts of Party B and/or Party C and Party C’s Subordinate Entities arising out of the Principal Contracts, including but not limited to the management and consulting service fees, interests, damages, compensation, costs for realizing the creditors’ rights, and damages and all the other payable incurred by Party A because of breaches by Party B and/or Party C and Party C’s Subordinate Entities, which arise out of the Principal Contracts and shall be paid to Party A by Party B and/or Party C and Party C’s Subordinate Entities. The scope of security hereunder shall be limited to the above creditors’ rights secured. The parties confirm that, in the event that relevant industry and commerce authority requires clarification of the amount of creditors’ rights covered by the scope of security during the process of share pledge registration, only for the purpose of such registration, the parties agree to register the amount of the creditors’ rights hereunder as composed of the principal of XXX 00 million and the amount of all and any default liability and the amount of damages under relevant contracts. The parties further confirm that the clarification of the above clarification for purpose of share pledge registration shall not impair or limit Party A’s rights or interests enjoyed as guarantee in accordance with relevant Principal Contracts and this Agreement.
Scope of Security. (1) To the extent that an assignment of amounts payable and other proceeds arising under or in connection with any agreement, licence, permit or quota of the Corporation (each, a "Restricted Asset") is prohibited by the terms thereof, the Security will constitute a trust created in favour of the Holder and certain financial institutions specified by the Holder pursuant to which the Holder shall hold as trustee all proceeds arising under or in connection with the Restricted Asset in trust for such specified financial institutions on the following basis:
(i) until the Security has become enforceable, the Corporation shall be entitled to receive all such proceeds; and
(ii) whenever the Security has become enforceable, all rights of the Corporation to receive such proceeds shall cease, the Corporation shall at the request of the Holder take all such actions to collect and enforce payment and other rights arising under the Restricted Asset in accordance with the instructions of the Holder and all such proceeds arising under or in connection with the Restricted Asset shall be immediately paid over to the Holder for the benefit of such specified financial institutions. The Corporation shall not exercise any rights of set off with respect to amounts payable under or in connection with any Restricted Asset and shall use all commercially reasonable efforts to ensure that no other party to the Restricted Asset shall exercise any rights of set off against any amounts payable thereunder. The Corporation shall use all commercially reasonable efforts to obtain the consent of each other party to the Restricted Asset to the assignment of the Restricted Asset to the Holder in accordance with this debenture and shall use all commercially reasonable efforts to ensure that all agreements entered into on and after the date hereof expressly permit assignments of the benefits of such agreement as collateral security to the Holder in accordance with the terms of this debenture.
(2) Until the Security has become enforceable, the grant of the Security in the intellectual property hereunder shall not affect in any way the Corporation's rights to commercially exploit such intellectual property, defend it, enforce the Corporation's rights in it or with respect to it against third parties in any court or claim and be entitled to receive any damages with respect to any infringement of it.
(3) The Security shall not extend to consumer goods.
(4) The Security shall not extend or apply to t...
Scope of Security. 3.1 The scope of security hereunder shall be subject to the Secured Liabilities defined in Article 1.2.
Scope of Security. Each of the security interests created hereunder is a continuing security and extends to the ultimate balance of the Secured Claim and remains in force notwithstanding any intermediate payment or increase, amendment or novation of the Secured Claim or any transfer by the Pledgee of any of its rights and claims under the Indenture to any third party.
Scope of Security. All of the Lender Secured Obligations of all Obligors shall be secured, equally and rateably, by the Security Documents which will grant first priority Liens (subject to Permitted Liens) on, to and against all present and future Property of the Obligors. The Lender Secured Obligations of all Pledgors shall be secured, equally and rateably by first priority Liens (subject to Permitted Liens) on, to and against all Equity Securities and Equity Securities Equivalents of the Obligors owned by the Pledgors, and all proceeds of the foregoing (other than Distributions permitted to be made hereunder), as described therein.
Scope of Security. All of the Lender Secured Obligations shall be secured, equally and rateably, by the Security Documents which will grant first priority Liens (subject to Permitted Liens) on, to and against (i) all present and future Property of the Obligors (except for the Excluded Property) and (ii) all Equity Securities and Equity Securities Equivalents of the Obligors owned by the Parent Pledgors, and all proceeds of the foregoing (other than (x) Excluded Property and (y) Distributions permitted to be made hereunder), as described therein.
Scope of Security. The scope of security of the Pledged Stock Rights under this Agreement shall cover:
