Common use of SECURITY PURPOSE Clause in Contracts

SECURITY PURPOSE. The assignment for security purposes pursuant to clause 5.1 (Assignment for Security Purposes) and the pledge pursuant to clause 6 (Pledge) serve to secure the Trustee Claim of the Security Trustee. In addition, the assignment pursuant to clause 5.1 (Assignment for Security Purposes) is made for the purpose of securing the rights of the Transaction Creditors against the Issuer arising under the Funding and the Transaction Documents.

Appears in 6 contracts

Samples: Trust Agreement, Trust Agreement, Trust Agreement

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