Common use of Second Ranking Clause in Contracts

Second Ranking. The Company specifically acknowledges that all of the Security Interests created by the Company under Section 3 (Security) of this Debenture shall rank in priority to any other Security Interests created by the Company, other than Plenus Floating Charge and Bank Leumi Floating Charge.

Second Ranking. The Company specifically acknowledges that all of the Security Interests created by the Company under Section 3 (Security) of this Debenture shall rank in priority to any other Security Interests created by the CompanyCompany over the Charged Assets, other than Plenus Floating Group Fixed Charge and Bank Leumi Floating leumi Fixed Charge...