Security held by Chargor. No Chargor may, without the prior consent of the Collateral Agent, hold any security from any other Loan Party in respect of that Chargor’s liability under this Deed. Each Chargor will hold any security held by it in breach of this provision on trust for the Collateral Agent.
Appears in 2 contracts
Samples: Security Agreement (Novelis South America Holdings LLC), Security Agreement (Novelis South America Holdings LLC)
Security held by Chargor. No The Chargor maymay not, without the prior consent of the Collateral Agent, hold any security from any other Loan Party in respect of that the Chargor’s liability under this Deed. Each The Chargor will hold any security held by it in breach of this provision on trust for the Collateral Agent.
Appears in 2 contracts
Samples: Security Agreement (Novelis Inc.), Security Agreement (Novelis Inc.)
Security held by Chargor. No Chargor may, will without the prior written consent of the Collateral Agent, Agent hold any security from any other Loan Party Chargor in respect of that such Chargor’s 's liability under this DeedSecurity Agreement. Each Chargor will hold any security held by it in breach of this provision on trust for the Collateral AgentAgent (as agent and trustee for the Beneficiaries).
Appears in 1 contract
