Common use of Security over Lenders’ rights Clause in Contracts

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Section 13, each Lender may without consulting with or obtaining consent from any Credit Party, at any time charge, assign or otherwise create a Lien (or any other security interest) or declare a trust in or over (whether by way of collateral or otherwise) all or any of its rights under any Credit Document to secure obligations of that Lender including, without limitation: (i) any charge, assignment or other Lien (or any other security interest) or trust to secure obligations to a federal reserve or central bank or the CIRR Representative; and (ii) in the case of any Lender which is a fund, any charge, assignment or other Lien (or any other security interest) granted to any holders (or trustee or representatives of holders) of obligations owed, or securities issued, by that Lender as security for those obligations or securities, except that no such charge, assignment or Lien (or any other security interest) or trust shall: (i) release a Lender from any of its obligations under the Credit Documents or substitute the beneficiary of the relevant charge, assignment or other Lien (or any other security interest) or trust for the Lender as a party to any of the Credit Documents; or (ii) require any payments to be made by a Credit Party or grant to any person any more extensive rights than those required to be made or granted to the relevant Lender under the Credit Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Section 13Clause 27, each Lender may without consulting with or obtaining consent from the Borrower or any Credit other Security Party, at any time charge, assign or otherwise create a Lien (or any other security interest) or declare a trust Security Interest in or over (whether by way of collateral or otherwise) all or any of its rights under any Credit Finance Document to secure obligations of that Lender including, without limitation: (ia) any charge, assignment or other Lien (or any other security interest) or trust Security Interest to secure obligations to a federal reserve or central bank or the CIRR Representativebank; and (iib) in the case of any Lender which is a fund, any charge, assignment or other Lien (or any other security interest) Security Interest granted to any holders (or trustee or representatives of holders) of obligations owed, or securities issued, by that Lender as security for those obligations or securities, ; except that no such charge, assignment or Lien (or any other security interest) or trust Security Interest shall: (i) release a Lender from any of its obligations under the Credit Finance Documents or substitute the beneficiary of the relevant charge, assignment or other Lien (or any other security interest) or trust Security Interest for the Lender as a party to any of the Credit Finance Documents; or (ii) require any payments to be made by a Credit the Borrower or any other Security Party or grant to any person any more extensive rights than those required to be made or granted to the relevant Lender under the Credit Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Section 13Clause 27, each Lender may without consulting with or obtaining consent from the Borrowers or any Credit other Security Party, at any time charge, assign or otherwise create a Lien (or any other security interest) or declare a trust Security Interest in or over (whether by way of collateral or otherwise) all or any of its rights under any Credit Finance Document to secure obligations of that Lender including, without limitation: (ia) any charge, assignment or other Lien (or any other security interest) or trust Security Interest to secure obligations to a federal reserve or central bank or the CIRR Representativebank; and (iib) in the case of any Lender which is a fund, any charge, assignment or other Lien (or any other security interest) Security Interest granted to any holders (or trustee or representatives of holders) of obligations owed, or securities issued, by that Lender as security for those obligations or securities, ; except that no such charge, assignment or Lien (or any other security interest) or trust Security Interest shall: (i) release a Lender from any of its obligations under the Credit Finance Documents or substitute the beneficiary of the relevant charge, assignment or other Lien (or any other security interest) or trust Security Interest for the Lender as a party to any of the Credit Finance Documents; or (ii) require any payments to be made by a Credit the Borrowers or any other Security Party or grant to any person any more extensive rights than those required to be made or granted to the relevant Lender under the Credit Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Section 13Clause 26, each Lender may without consulting with or obtaining consent from the Borrower or any Credit Security Party, at any time charge, assign or otherwise create a Lien (or any other security interest) or declare a trust Security Interest in or over (whether by way of collateral or otherwise) all or any of its rights under any Credit Finance Document to secure obligations of that Lender including, without limitation: (ia) any charge, assignment or other Lien (or any other security interest) or trust Security Interest to secure obligations to a federal reserve or central bank or the CIRR Representativebank; and (iib) in the case of any Lender which is a fund, any charge, assignment or other Lien (or any other security interest) Security Interest granted to any holders (or trustee or representatives of holders) of obligations owed, or securities issued, by that Lender as security for those obligations or securities, ; except that no such charge, assignment or Lien (or any other security interest) or trust Security Interest shall: (i) release a Lender from any of its obligations under the Credit Finance Documents or substitute the beneficiary of the relevant charge, assignment or other Lien (or any other security interest) or trust Security Interest for the Lender as a party to any of the Credit Finance Documents; or (ii) require any payments to be made by a Credit the Borrower or any Security Party or grant to any person any more extensive rights than those required to be made or granted to the relevant Lender under the Credit Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Section 13, each Lender may without consulting with or obtaining consent from any Credit Party, at any time charge, assign or otherwise create a Lien (or any other security interest) or declare a trust in or over (whether by way of collateral or otherwise) all or any of its rights under any Credit Document to secure obligations of that Lender including, without limitation: (i) any charge, assignment or other Lien (or any other security interest) or trust to secure obligations to a federal reserve or central bank or the CIRR Representativebank; and (ii) in the case of any Lender which is a fund, any charge, assignment or other Lien (or any other security interest) granted to any holders (or trustee or representatives of holders) of obligations owed, or securities issued, by that Lender as security for those obligations or securities, except that no such charge, assignment or Lien (or any other security interest) or trust shall: (i) release a Lender from any of its obligations under the Credit Documents or substitute the beneficiary of the relevant charge, assignment or other Lien (or any other security interest) or trust for the Lender as a party to any of the Credit Documents; or (ii) require any payments to be made by a Credit Party or grant to any person any more extensive rights than those required to be made or granted to the relevant Lender under the Credit Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Section 13Clause 24, each Lender may without consulting with or obtaining consent from any Credit PartyObligor, at any time charge, assign or otherwise create a Lien (or any other security interest) or declare a trust Security in or over (whether by way of collateral or otherwise) all or any of its rights under any Credit Finance Document to secure obligations of that Lender including, without limitation: (ia) any charge, assignment or other Lien (or any other security interest) or trust Security to secure obligations to a federal reserve or central bank or the CIRR Representativebank; and (iib) in the case of any Lender which is a fund, any charge, assignment or other Lien (or any other security interest) Security granted to any holders (or trustee or representatives of holders) of obligations owed, or securities issued, by that Lender as security for those obligations or securities, except that no such charge, assignment or Lien (or any other security interest) or trust Security shall: (i) release a Lender from any of its obligations under the Credit Finance Documents or substitute the beneficiary of the relevant charge, assignment or other Lien (or any other security interest) or trust Security for the Lender as a party to any of the Credit Finance Documents; or (ii) require any payments to be made by a Credit Party 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 Lender under the Credit Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Section 13Clause 25, each Lender may without consulting with or obtaining consent from any Credit PartyObligor, at any time charge, assign or otherwise create a Lien (or any other security interest) or declare a trust Security in or over (whether by way of collateral or otherwise) all or any of its rights under any Credit Finance Document to secure obligations of that Lender including, without limitation: (ia) any charge, assignment or other Lien (or any other security interest) or trust Security to secure obligations to a federal reserve or central bank or the CIRR Representativebank; and (iib) in the case of any Lender which is a fund, any charge, assignment or other Lien (or any other security interest) Security granted to any holders (or trustee or representatives of holders) of obligations owed, or securities issued, by that Lender as security for those obligations or securities, except that no such charge, assignment or Lien (or any other security interest) or trust Security shall: (i) release a Lender from any of its obligations under the Credit Finance Documents or substitute the beneficiary of the relevant charge, assignment or other Lien (or any other security interest) or trust Security for the Lender as a party to any of the Credit Finance Documents; or (ii) require any payments to be made by a Credit Party an Obligor or grant to any person any more extensive rights than those required to be made or granted to the relevant Lender under the Credit Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Section 13Clause 27, each Lender may without consulting with or obtaining consent from any Credit PartyObligor, at any time charge, assign or otherwise create a Lien (or any other security interest) or declare a trust Security in or over (whether by way of collateral or otherwise) all or any of its rights under any Credit Finance Document to secure obligations of that Lender including, without limitation: (ia) any charge, assignment or other Lien (or any other security interest) or trust Security to secure obligations to a federal reserve or central bank or the CIRR Representativebank; and (iib) in the case of any Lender which is a fund, any charge, assignment or other Lien (or any other security interest) Security granted to any holders (or trustee or representatives of holders) of obligations owed, or securities issued, by that Lender as security for those obligations or securities, except that no such charge, assignment or Lien (or any other security interest) or trust Security shall: (i) release a Lender from any of its obligations under the Credit Finance Documents or substitute the beneficiary of the relevant charge, assignment or other Lien (or any other security interest) or trust Security for the Lender as a party to any of the Credit Finance Documents; or (ii) require any payments to be made by a Credit Party an Obligor or grant to any person any more extensive rights than those required to be made or granted to the relevant Lender under the Credit Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Section 13Clause 27, each Lender may without consulting with or obtaining consent from any Credit PartyObligor, at any time charge, assign or otherwise create a Lien (or any other security interest) or declare a trust Security in or over (whether by way of collateral or otherwise) all or any of its rights under any Credit Document Finance Document, to secure obligations of that Lender including, without limitation: (ia) any charge, assignment or other Lien (or any other security interest) or trust Security to secure obligations to a federal reserve or central bank or the CIRR Representativebank; and (iib) in the case of any Lender which is a fund, any charge, assignment or other Lien (or any other security interest) Security granted to any holders (or trustee or representatives of holders) of obligations owed, or securities issued, by that Lender as security for those obligations or securities, except that no such charge, assignment or Lien (or any other security interest) or trust Security shall: (i) release a Lender from any of its obligations under the Credit Finance Documents or substitute the beneficiary of the relevant charge, assignment or other Lien (or any other security interest) or trust Security for the Lender as a party to any of the Credit Finance Documents; or (ii) require any payments to be made by a Credit Party an Obligor or grant to any person any more extensive rights than those required to be made or granted to the relevant Lender under the Credit Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Section 13, each Lender may without consulting with or obtaining consent from any Credit Party, at any time charge, assign or otherwise create a Lien (or any other security interest) or declare a trust in or over (whether by way of collateral or otherwise) all or any of its rights under any Credit Document to secure obligations of that Lender including, without limitation: (i) any charge, assignment or other Lien (or any other security interest) or trust to secure obligations to a federal reserve or central bank or the KfW as CIRR Representativemandatary; and (ii) in the case of any Lender which is a fund, any charge, assignment or other Lien (or any other security interest) granted to any holders (or trustee or representatives of holders) of obligations owed, or securities issued, by that Lender as security for those obligations or securities, except that no such charge, assignment or Lien (or any other security interest) or trust shall: (i) release a Lender from any of its obligations under the Credit Documents or substitute the beneficiary of the relevant charge, assignment or other Lien (or any other security interest) or trust for the Lender as a party to any of the Credit Documents; or (ii) require any payments to be made by a Credit Party or grant to any person any more extensive rights than those required to be made or granted to the relevant Lender under the Credit Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Section 13clause 27, each Lender may without consulting with or obtaining consent from any Credit PartyObligor, at any time charge, assign or otherwise create a Lien (or any other security interest) or declare a trust Security in or over (whether by way of collateral or otherwise) all or any of its rights under any Credit Finance Document to secure obligations of that Lender including, without limitation: (ia) any charge, assignment or other Lien (or any other security interest) or trust Security to secure obligations to a federal reserve or central bank or the CIRR Representativebank; and (iib) in the case of any Lender which is a fund, any charge, assignment or other Lien (or any other security interest) Security granted to any holders (or trustee or representatives of holders) of obligations owed, or securities issued, by that Lender as security for those obligations or securities, except that no such charge, assignment or Lien (or any other security interest) or trust Security shall: (i) release a Lender from any of its obligations under the Credit Finance Documents or substitute the beneficiary of the relevant charge, assignment or other Lien (or any other security interest) or trust Security for the Lender as a party to any of the Credit Finance Documents; or (ii) require any payments to be made by a Credit Party an Obligor or grant to any person any more extensive rights than those required to be made or granted to the relevant Lender under the Credit Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Section 13Clause 28, each Lender may without consulting with or obtaining consent from any Credit PartyObligor, at any time charge, assign or otherwise create a Lien (or any other security interest) or declare a trust Security in or over (whether by way of collateral or otherwise) all or any of its rights under any Credit Finance Document to secure obligations of that Lender including, without limitation: (ia) any charge, assignment or other Lien (or any other security interest) or trust Security to secure obligations to a federal reserve or central bank or the CIRR Representativebank; and (iib) in the case of any Lender which is a fund, any charge, assignment or other Lien (or any other security interest) Security granted to any holders (or trustee or representatives of holders) of obligations owed, or securities issued, by that Lender as security for those obligations or securities, except that no such charge, assignment or Lien (or any other security interest) or trust Security shall: (i) release a Lender from any of its obligations under the Credit Finance Documents or substitute the beneficiary of the relevant charge, assignment or other Lien (or any other security interest) or trust Security for the Lender as a party to any of the Credit Finance Documents; or (ii) require any payments to be made by a Credit Party an Obligor or grant to any person any more extensive rights than those required to be made or granted to the relevant Lender under the Credit Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Section 13Clause 24, each Lender may without consulting with or obtaining consent from any Credit PartyObligor, at any time charge, assign or otherwise create a Lien (or any other security interest) or declare a trust Security in or over (whether by way of collateral or otherwise) all or any of its rights under any Credit Finance Document to secure obligations of that Lender including, without limitation: (ia) any charge, assignment or other Lien (or any other security interest) or trust Security to secure obligations to a federal reserve or central bank or the CIRR Representativebank; and (iib) in the case of any Lender which is a fund, any charge, assignment or other Lien (or any other security interest) Security granted to any holders (or trustee or representatives of holders) of obligations owed, or securities issued, by that Lender as security for those obligations or securities, ; except that no such charge, assignment or Lien (or any other security interest) or trust Security shall: (i) release a Lender from any of its obligations under the Credit Finance Documents or substitute the beneficiary of the relevant charge, assignment or other Lien (or any other security interest) or trust Security for the Lender as a party to any of the Credit Finance Documents; or (ii) require any payments to be made by a Credit Party any Obligor or grant to any person any more extensive rights than those required to be made or granted to the relevant Lender under the Credit Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Section 13, each Lender may without consulting with or obtaining consent from any Credit Party, at any time charge, assign or otherwise create a Lien (or any other security interest) or declare a trust in or over (whether by way of collateral or otherwise) all or any of its rights under any Credit Document to secure obligations of that Lender including, without limitation: (i) any charge, assignment or other Lien (or any other security interest) or trust to secure obligations to a federal reserve or central bank or the CIRR Representative; and (ii) in the case of any Lender which is a fund, any charge, assignment or other Lien (or any other security interest) granted to any holders (or trustee or representatives of holders) of obligations owed, or securities issued, by that Lender as security for those obligations or securities, except that no such charge, assignment or Lien (or any other security interest) or trust shall: (i) release a Lender from any of its obligations under the Credit Documents or substitute the beneficiary of the relevant charge, assignment or other Lien (or any other security interest) or trust for the Lender as a party to any of the Credit Documents; or (ii) require any payments to be made by a Credit Party or grant to any person any more extensive rights than those required to be made or granted to the relevant Lender under the Credit Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Section 13clause 31, each Lender may without consulting with or obtaining consent from any Credit PartyObligor, at any time charge, assign or otherwise create a Lien (or any other security interest) or declare a trust Security Interest in or over (whether by way of collateral or otherwise) all or any of its rights under any Credit Finance Document to secure obligations of that Lender including, without limitation: (ia) any charge, assignment or other Lien (or any other security interest) or trust Security Interest to secure obligations to a federal reserve or central bank or the CIRR Representativebank; and (iib) in the case of any Lender which is a fund, any charge, assignment or other Lien (or any other security interest) Security Interest granted to any holders (or trustee or representatives of holders) of obligations owed, or securities issued, by that Lender as security for those obligations or securities, except that no such charge, assignment or Lien (or any other security interest) or trust Security Interest shall: (i) release a Lender from any of its obligations under the Credit Finance Documents or substitute the beneficiary of the relevant charge, assignment or other Lien (or any other security interest) or trust Security Interest for the Lender as a party to any of the Credit Finance Documents; or (ii) require any payments to be made by a Credit Party 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 Lender under the Credit Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Section 13Clause 27, each Lender may without consulting with or obtaining consent from the Borrowers or any Credit other Security Party, at any time charge, assign or otherwise create a Lien (or any other security interest) or declare a trust Security Interest in or over (whether by way of collateral or otherwise) all or any of its rights under any Credit Finance Document to secure obligations of that Lender including, without limitation: (ia) any charge, assignment or other Lien (Security Interest in favour of The Export-Import Bank of Korea or any security trustee on its behalf; (b) any charge, assignment or other security interest) or trust Security Interest to secure obligations to a federal reserve or central bank or the CIRR Representativebank; and (iic) in the case of any Lender which is a fund, any charge, assignment or other Lien (or any other security interest) Security Interest granted to any holders (or trustee or representatives of holders) of obligations owed, or securities issued, by that Lender as security for those obligations or securities, ; except that no such charge, assignment or Lien (or any other security interest) or trust Security Interest shall: (i) release a Lender from any of its obligations under the Credit Finance Documents or substitute the beneficiary of the relevant charge, assignment or other Lien (or any other security interest) or trust Security Interest for the Lender as a party to any of the Credit Finance Documents; or (ii) require any payments to be made by a Credit the Borrowers or any other Security Party or grant to any person any more extensive rights than those required to be made or granted to the relevant Lender under the Credit Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Section 13Clause 30, each Lender may without consulting with or obtaining consent from any Credit PartyObligor, at any time charge, assign or otherwise create a Lien (or any other security interest) or declare a trust Security in or over (whether by way of collateral or otherwise) all or any of its rights under any Credit Finance Document to secure obligations of that Lender including, without limitation: (ia) any charge, assignment or other Lien (or any other security interest) or trust Security to secure obligations to a federal reserve or central bank or the CIRR Representativebank; and (iib) in the case of any Lender which is a fund, any charge, assignment or other Lien (or any other security interest) Security granted to any holders (or trustee or representatives of holders) of obligations owed, or securities issued, by that Lender as security for those obligations or securities, except that no such charge, assignment or Lien (or any other security interest) or trust Security shall: (i) release a Lender from any of its obligations under the Credit Finance Documents or substitute the beneficiary of the relevant charge, assignment or other Lien (or any other security interest) or trust Security for the Lender as a party to any of the Credit Finance Documents; or (ii) require any payments to be made by a Credit Party an Obligor or grant to any person any more extensive rights than those required to be made or granted to the relevant Lender under the Credit Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Section 13Clause 26 (Transfers and Changes in Lending Offices), each Lender may without consulting with or obtaining consent from any Credit Borrower or any Security Party, at any time charge, assign or otherwise create a Lien (or any other security interest) or declare a trust Security Interest in or over (whether by way of collateral or otherwise) all or any of its rights under any Credit Finance Document to secure obligations of that Lender including, without limitation: (ia) any charge, assignment or other Lien (or any other security interest) or trust Security Interest to secure obligations to a federal reserve or central bank or the CIRR Representativebank; and (iib) in the case of any Lender which is a fund, any charge, assignment or other Lien (or any other security interest) Security Interest granted to any holders (or trustee or representatives of holders) of obligations owed, or securities issued, by that Lender as security for those obligations or securities, ; except that no such charge, assignment or Lien (or any other security interest) or trust Security Interest shall: (i) release a Lender from any of its obligations under the Credit Finance Documents or substitute the beneficiary of the relevant charge, assignment or other Lien (or any other security interest) or trust Security Interest for the Lender as a party to any of the Credit Finance Documents; or (ii) require any payments to be made by a Credit any Borrower or any Security Party or grant to any person any more extensive rights than those required to be made or granted to the relevant Lender under the Credit Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Section 13Clause 28, each Lender may without consulting with or obtaining consent from the Parent or any Credit PartyObligor, at any time charge, assign or otherwise create a Lien (or any other security interest) or declare a trust Security in or over (whether by way of collateral or otherwise) all or any of its rights under any Credit Finance Document to secure obligations of that Lender including, without limitation: (ia) any charge, assignment or other Lien (or any other security interest) or trust Security to secure obligations to a federal reserve or central bank or the CIRR Representativebank; and (iib) in the case of any Lender which is a fund, any charge, assignment or other Lien (or any other security interest) Security granted to any holders (or trustee or representatives of holders) of obligations owed, or securities issued, by that Lender as security for those obligations or securities, except that no such charge, assignment or Lien (or any other security interest) or trust Security shall: (i) release a Lender from any of its obligations under the Credit Finance Documents or substitute the beneficiary of the relevant charge, assignment or other Lien (or any other security interest) or trust Security for the Lender as a party to any of the Credit Finance Documents; or (ii) require any payments to be made by a Credit Party an Obligor or grant to any person any more extensive rights than those required to be made or granted to the relevant Lender under the Credit Finance Documents.