Common use of Security Assets Clause in Contracts

Security Assets. The Borrower is solely and absolutely entitled to the Security Assets over which it has or will create any Security Interest pursuant to the Security Documents to which it is, or will be, a party and there is no agreement or arrangement, other than in the DPP, under which it is obliged to share any proceeds of or derived from such Security Assets with any third party.

Security Assets. The Borrower is solely and absolutely entitled to the Security Assets over which it has or will create any Security Interest pursuant to the Security Documents to which it is, or will be, a party and there is no agreement or arrangement, other than in the DPP, arrangement under which it is obliged to share any proceeds of or derived from such Security Assets with any third party.

Security Assets. The Each Borrower is solely and absolutely entitled to the Security Assets over which it has or will create any Security Interest pursuant to the Security Documents to which it isis a party, or will be, a party and there is no agreement or arrangement, other than in the DPP, arrangement under which it is obliged to share any proceeds of or derived from such Security Assets with any third party.

Security Assets. The Borrower is solely and absolutely entitled to the Security Assets over which it has or will create any Security Interest pursuant to the Security Documents to which it is, or will be, a party and there is no agreement or arrangement, other than in the DPPIntercreditor Deed, under which it is obliged to share any proceeds of or derived from such Security Assets with any third party.