Common use of Security over Banks’ rights Clause in Contracts

Security over Banks’ rights. In addition to the other rights provided to Banks under this Clause 23, each Bank may without consulting with or obtaining consent from any Obligor, at any time charge, assign or otherwise create Security in or over (whether by way of collateral or otherwise) all or any of its rights under any Finance Document to secure obligations of that Bank including, without limitation: (a) any charge, assignment or other Security to secure obligations to a federal reserve or central bank; and (b) in the case of any Bank which is a fund, any charge, assignment or other Security granted to any holders (or trustee or representatives of holders) of obligations owed, or securities issued, by that Bank as security for those obligations or securities, except that no such charge, assignment or Security shall: (i) release a Bank from any of its obligations under the Finance Documents or substitute the beneficiary of the relevant charge, assignment or Security for the Bank as a party to any of the Finance Documents; or (ii) require any payments to be made by an Obligor other than or in excess of, or grant to any person any more extensive rights than, those required to be made or granted to the relevant Bank under the Finance Documents.

Security over Banks’ rights. In addition to the other rights provided to Banks the Bank under this Clause 2319, each the Bank may without consulting with or obtaining consent from any Obligor, at any time charge, assign or otherwise create a Security Interest in or over (whether by way of collateral or otherwise) all or any of its rights under any Finance Document to secure obligations of that the Bank including, without limitation: (a) 19.8.1 any charge, assignment or other Security Interest to secure obligations to a federal reserve or central bank; and (b) in the case of any Bank which is a fund, 19.8.2 any charge, assignment or other Security Interest granted to any holders (or trustee or representatives of holders) of obligations owed, or securities issued, by that the Bank as security for those obligations or securities, except that no such charge, assignment or other Security Interest shall: (ia) release a the Bank from any of its obligations under the Finance Documents or substitute the beneficiary of the relevant charge, assignment or other Security Interest for the Bank as a party to any of the Finance Documents; or (iib) require any payments to be made by an Obligor other than or in excess of, or grant to any person any more extensive rights than, than those required to be made or granted to the relevant Bank under the Finance Documents.

Security over Banks’ rights. In addition to the other rights provided to Banks under this Clause 2326, each Bank may without consulting with or obtaining consent from any Obligor, at any time charge, assign or otherwise create Security in or over (whether by way of collateral or otherwise) all or any of its rights under any Finance Document to secure obligations of that Bank including, without limitation: (a) any charge, assignment or other Security to secure obligations to a federal reserve or central bank, governmental authority, agency or department including HM Treasury; and (b) in the case of any Bank which is a fund, any charge, assignment or other Security granted to any holders (or trustee or representatives of holders) of obligations owed, or securities issued, by that Bank as security for those obligations or securities, except that no such charge, assignment or Security shall: (i) release a Bank from any of its obligations under the Finance Documents or substitute the beneficiary of the relevant charge, assignment or other Security for the Bank as a party to any of the Finance Documents; or (ii) require any payments to be made by an Obligor other than or in excess of, or grant to any person any more extensive rights than, than those required to be made or granted to the relevant Bank under the Finance Documents.