Security over Subscribers' rights Sample Clauses

Security over Subscribers' rights. In addition to the other rights provided to Subscribers under this Clause 29.9, each Subscriber 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 Subscriber including: (a) any charge, assignment or other Security to secure obligations to a federal reserve or central 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 Subscriber as security for those obligations or securities, except that no such charge, assignment or Security shall: (i) release a Subscriber from any of its obligations under the Finance Documents or substitute the beneficiary of the relevant charge, assignment or Security for the Subscriber 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 Subscriber under the Finance Documents.