Common use of Security held by Chargor Clause in Contracts

Security held by Chargor. The Chargor will not without the prior written consent of the Administrative Agent hold any security from any other person in respect of the Chargor’s liabilities hereunder. The Chargor will hold any security held by it in breach of this provision on trust for the Administrative Agent.

Security held by Chargor. The No Chargor will not without the prior written consent of the Administrative Collateral Agent hold any security from any other person Chargor in respect of the such Chargor’s liabilities hereunder's liability under this Security Agreement. The Each Chargor will hold any security held by it in breach of this provision on trust for the Administrative AgentCollateral Agent (as agent and trustee for the Beneficiaries).

Security held by Chargor. The No Chargor will not without the prior written consent of the Administrative Security Agent hold any security from any other person Obligor in respect of the such Chargor’s liabilities 's liability hereunder. The Each Chargor will hold any security held by it in breach of this provision on trust for the Administrative AgentSecurity Agent (as agent and trustee as aforesaid).