Common use of Security held by Chargor Clause in Contracts

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.

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.