Common use of Security held by Chargor Clause in Contracts

Security held by Chargor. No Chargor will, without the prior written consent of the UK Security Trustee, hold any security from any other Obligor in respect of such Chargor’s liability hereunder. Each Chargor will hold any security held by it in breach of this provision on trust for the UK Security Trustee.

Security held by Chargor. No The Chargor willmay not, without the prior written consent of the UK Security TrusteeTrustee or unless otherwise permitted by the Loan Documents, hold any security from any other Obligor Loan Party in respect of such the Chargor’s liability hereunderunder this Deed. Each The Chargor will hold any security held by it in breach of this provision on trust for the UK Security Trustee.

Security held by Chargor. No Chargor willmay, without the prior written consent of the UK Security TrusteeTrustee or unless otherwise permitted by the Loan Documents, hold any security from any other Obligor Loan Party in respect of such that Chargor’s liability hereunderunder this Deed. Each Chargor will hold any security held by it in breach of this provision on trust for the UK Security Trustee.