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 Clause 23, each Lender may without consulting with or obtaining consent from any Obligor, at any time assign, charge, pledge 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 Lender including, without limitation any assignment, charge, pledge or other Security to secure obligations to a federal reserve or central bank except that no such assignment, charge, pledge or Security shall: (a) release a Lender from any of its obligations under the Finance Documents or substitute the beneficiary of the relevant assignment, charge, pledge or Security for the Lender as a party to any of the Finance Documents; or (b) 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 Lender under the Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Clause 23, each Lender may without consulting with or obtaining consent from any Obligor, at any time assign, charge, pledge 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 Lender including, without limitation limitation: (a) any assignment, charge, pledge assignment or other Security to secure obligations to a federal reserve or central bank bank; and (b) any charge, assignment or other 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 assignment, charge, pledge assignment or Security shall: (ai) release a Lender from any of its obligations under the Finance Documents or substitute the beneficiary of the relevant assignment, charge, pledge assignment or Security for the Lender as a party to any of the Finance Documents; or (bii) 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 Lender under the Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Clause 2321, each Lender may without consulting with or obtaining consent from any Obligor, the Company at any time assign, charge, pledge 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 Lender including, without limitation limitation, any assignment, charge, pledge assignment or other Security to secure obligations to a federal reserve or central bank bank, except that no such assignment, charge, pledge assignment or Security shall: (a) release a Lender from any of its obligations under the Finance Documents or substitute the beneficiary of the relevant assignment, charge, pledge assignment or Security for the Lender as a party to any of the Finance Documents; or (b) require any payments to be made by an Obligor the Company 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 Lender under the Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Clause 23clause 32, each Lender may without consulting with or obtaining consent from any an Obligor, at any time assign, charge, pledge 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 Lender including, without limitation any assignment, charge, pledge assignment or other Security Interest to secure obligations to a federal reserve or central bank except that no such assignment, charge, pledge assignment or Security Interest shall: (a) release a Lender from any of its obligations under the Finance Documents or substitute the beneficiary of the relevant assignment, charge, pledge assignment or Security Interest for the Lender as a party to any of the Finance Documents; or (b) 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 Lender under the Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Clause 2323 (Changes to the Finance Parties), each Lender may without consulting with or obtaining consent from any Obligor, at any time assign, charge, pledge 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 Lender including, without limitation : (a) any assignment, charge, pledge assignment or other Security to secure obligations to a federal reserve or central bank bank; and (b) any charge, assignment or other 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 assignment, charge, pledge assignment or Security shall: (ai) release a Lender from any of its obligations under the Finance Documents or substitute the beneficiary of the relevant assignment, charge, pledge assignment or Security for the Lender as a party to any of the Finance Documents; or (bii) 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 Lender under the Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Clause 2330, each Lender may without consulting with or obtaining consent from any Obligor, at any time assign, may charge, pledge assign or otherwise create any 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 Lender including, without limitation any assignment, charge, pledge or other Security to secure obligations to a federal reserve or central bank except bank; provided that no such assignment, charge, pledge assignment or other Security Interest shall: (a) release a Lender from any of its obligations under the Finance Documents or substitute the beneficiary of the relevant assignment, charge, pledge assignment or other Security Interest for the such Lender as a party to any of the Finance Documents; or (b) require any payments to be made by an Obligor other than or in excess of, or grant to any person Person any more extensive rights than, those required to be made or granted to the relevant Lender under the Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Clause 23clause 29, each Lender may without consulting with or obtaining consent from any Obligorthe Borrower, at any time assign, charge, pledge 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 Lender including, without limitation limitation, any assignment, charge, pledge assignment or other Security to secure obligations to a federal reserve or central bank except that no such assignment, charge, pledge assignment or Security shall: (a) release a Lender from any of its obligations under the Finance Documents or substitute the beneficiary of the relevant assignment, charge, pledge assignment or other Security for the Lender as a party to any of the Finance Documents; or (b) require any payments to be made by an Obligor other than or in excess of, the Borrower or grant to any person any more extensive rights than, than those required to be made or granted to the relevant Lender under the Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Clause 2329, each Lender may without consulting with or obtaining consent from any Obligorthe Borrower, at any time assign, charge, pledge 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 Lender including, without limitation limitation, any assignment, charge, pledge assignment or other Security to secure obligations to a federal reserve or central bank except that no such assignment, charge, pledge assignment or Security shall: (a) 29.9.1 release a Lender from any of its obligations under the Finance Documents or substitute the beneficiary of the relevant assignment, charge, pledge assignment or other Security for the Lender as a party to any of the Finance Documents; or (b) 29.9.2 require any payments to be made by an Obligor other than or in excess of, the Borrower or grant to any person any more extensive rights than, than those required to be made or granted to the relevant Lender under the Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Clause 2321, each Lender may without consulting with or obtaining consent from any Obligor, Obligor at any time assign, charge, pledge 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 Lender including, without limitation limitation, any assignment, charge, pledge assignment or other Security to secure obligations to a federal reserve or central bank bank, except that no such assignment, charge, pledge assignment or Security shall: (a) release a Lender from any of its obligations under the Finance Documents or substitute the beneficiary of the relevant assignment, charge, pledge assignment or Security for the Lender as a party to any of the Finance Documents; oror 65 = NUMPAGES 135-2 133 (b) require any payments to be made by an Obligor the Obligors 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 Lender under the Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Clause 2326, each Lender may without consulting with or obtaining consent from the Borrower or any ObligorSecurity Party, at any time assign, charge, pledge 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 Lender including, without limitation any assignment, charge, pledge or other Security to secure obligations to a federal reserve or central bank (including, without limitation by way of any charge, assignment or other Security Interest) except that no such assignment, charge, pledge assignment or Security Interest shall: (a) release a Lender from any of its obligations under the Finance Documents or substitute the beneficiary of the relevant assignment, charge, pledge assignment or Security Interest for the Lender as a party to any of the Finance Documents; or (b) require any payments to be made by an Obligor other than the Borrower or in excess of, any Security Party or grant to any person any more extensive rights than, than those required to be made or granted to the relevant Lender under the Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders the Lender under this Clause 2324, each the Lender may without consulting with or obtaining consent from any Obligor, Obligor at any time assign, charge, pledge 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 the Lender including, without limitation limitation, any assignment, charge, pledge assignment or other Security to secure obligations to a federal reserve or central bank bank, except that no such assignment, charge, pledge assignment or Security shall: (a) release a the Lender from any of its obligations under the Finance Documents or substitute the beneficiary of the relevant assignment, charge, pledge assignment or Security for the Lender as a party to any of the Finance Documents; or (b) 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 Lender under the Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Clause 23, each Lender may without consulting with or obtaining consent from any Obligor, at any time assign, charge, pledge 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 Lender including, without limitation any assignment, charge, pledge or other Security to secure obligations to a federal reserve or central bank except that no such assignment, charge, pledge or Security shall: (a) 35. release a Lender from any of its obligations under the Finance Documents or substitute the beneficiary of the relevant assignment, charge, pledge or Security for the Lender as a party to any of the Finance Documents; or (b) 36. 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 Lender under the Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Clause 2328, each Lender may without consulting with or obtaining consent from any Obligor, at any time assign, charge, pledge assign or otherwise create 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 Lender including, without limitation by way of any assignment, charge, pledge assignment or other Security Interest to secure obligations to a federal reserve or central bank bank, except that no such assignment, charge, pledge assignment or Security Interest shall: (ai) release a Lender from any of its obligations under the Finance Documents or substitute the beneficiary of the relevant assignment, charge, pledge assignment or Security Interest for the Lender as a party to any of the Finance Documents; or (bii) 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 Lender under the Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Clause 2329, each Lender may without consulting with or obtaining consent from any Obligor, at any time assign, charge, pledge 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 Lender including, without limitation any assignment, charge, pledge or other Security to secure obligations to a federal reserve or reserve, central bank or any governmental department or agency, including Her Majesty’s Treasury, and except that no such assignment, charge, pledge assignment or Security Interest shall: (a) release a Lender from any of its obligations under the Finance Documents or substitute the beneficiary of the relevant assignment, charge, pledge assignment or Security Interest for the Lender as a party to any of the Finance Documents; or (b) 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 Lender under the Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Clause 2327 (Changes to the Lenders), each Lender may without consulting with or obtaining consent from any Transaction Obligor, at any time assign, charge, pledge 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 Lender including, without limitation limitation, any assignment, charge, pledge pledge, assignment or other Security to secure obligations to a federal reserve or central bank bank, except that no such assignment, charge, pledge pledge, assignment or Security shall: (ai) release a Lender from any of its obligations under the Finance Documents or substitute the beneficiary of the relevant assignment, charge, pledge pledge, assignment or Security for the Lender as a party to any of the Finance Documents; or (bii) require any payments to be made by an a Transaction 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 Lender under the Finance Documents.

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Clause 2328, each Lender may without consulting with or obtaining consent from any Obligor, at any time assign, charge, pledge 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 Lender including, without limitation any assignment, charge, pledge or other Security to secure obligations to a federal reserve or reserve, central bank or any governmental department or agency, including Her Majesty’s Treasury, and except that no such assignment, charge, pledge assignment or Security Interest shall: (a) release a Lender from any of its obligations under the Finance Documents or substitute the beneficiary of the relevant assignment, charge, pledge assignment or Security Interest for the Lender as a party to any of the Finance Documents; or (b) 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 Lender under the Finance Documents.