Common use of Security and guarantees: Senior Secured Creditors Clause in Contracts

Security and guarantees: Senior Secured Creditors. Any of the Senior Secured Creditors and the Operating Facility Lenders (and/or the Security Agent, a Senior Agent and/or any other person acting on behalf of any of them) may take, accept or receive the benefit of: (a) any Security from any member of the Group or any Third Party Security Provider (the "Security Provider") in respect of any of the Senior Liabilities (in addition to the Common Transaction Security) provided that (except for any Security permitted under paragraphs (a) to (f) of Clause 3.4

Appears in 2 contracts

Samples: Intercreditor Agreement (Paysafe LTD), Intercreditor Agreement (Paysafe LTD)

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Security and guarantees: Senior Secured Creditors. Any of the Senior Secured Creditors and the Operating Facility Lenders (and/or the a Security Agent, a Senior Agent and/or any other person acting on behalf of any of them) may take, accept or receive the benefit of: (a) any Security from any member of the Group or any Third Party Security Provider (the "Security Provider") in respect of any of the Senior Liabilities (in addition to the Common Transaction Security) provided that (except for any Security permitted under paragraphs (a) to (f) of Clause 3.4

Appears in 1 contract

Samples: Intercreditor Agreement

Security and guarantees: Senior Secured Creditors. Any of the Senior Secured Creditors and the Operating Facility Lenders (and/or the Security Agent, a Senior Agent and/or any other person acting on behalf of any of them) may take, accept or receive the benefit of: (a) any Security from any member of the Group or any Third Party Security Provider (the "Security Provider") in respect of any of the Senior Liabilities (in addition to the Common Transaction Security) provided that (except for any Security permitted under paragraphs (a) to (f) of Clause 3.4

Appears in 1 contract

Samples: Intercreditor Agreement (Paysafe LTD)

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Security and guarantees: Senior Secured Creditors. Any of the Senior Secured Creditors and the Operating Facility Lenders (and/or the Security Agent, a Senior Agent and/or any other person acting on behalf of any of them) may take, accept or receive the benefit of: (a) any Security from any member of the Group or any Third Party Security Provider (the "Security Provider") in respect of any of the Senior Liabilities and the Operating Facility Liabilities (in addition to the Common Transaction Security) provided that (except for any Security permitted under paragraphs (a) to (f) of Clause 3.4

Appears in 1 contract

Samples: Intercreditor Agreement

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