Security ranking. SAVVIS UK represents and warrants that this Deed:
Security ranking. (a) No Security or Quasi-Security exists over all or any of the present or future assets of any member of the Group other than as permitted by any Finance Document.
Security ranking. 21.23.1 The Borrower shall at all times hold such number of shares as are necessary to maintain Control over Vertix, S.G.P.S., S.A..
Security ranking. The Lenders acknowledge that the Transaction Security shall be (A) first ranking in favour of (i) the Senior Lenders (in respect of the Borrower’s payment obligations under the Senior Finance Documents), (ii) the counterparties of any Permitted Hedging Agreements (in respect of the Borrower’s payment obligations under such Permitted Hedging Agreements), (iii) the Lenders (in respect of the Borrower’s payment obligations under this Agreement), and (iv) the lenders of the Extended Bilateral Loans Table of Contents and (B) second ranking in favour of the Subordinated Lenders (in respect of the Borrower’s payment obligations under the Existing Subordinated Facility Agreement).
Security ranking. The Loans will be unsecured general obligations of the Borrower subordinated only to financial institution indebtedness of the Borrower existing on the Closing Date (including the Existing Credit Agreement).
Security ranking. The Borrower represents and warrants that this Deed:
Security ranking. The Loan will be a unsecured general obligation of the Borrower ranking pari passu with all other unsecured and unsubordinated indebtedness of the Borrower. Neither the Borrower nor any of its subsidiaries may create, assume or suffer to exist any lien securing indebtedness incurred after the Closing Date without granting a pari passu lien to the Lender to secure the Loan made under the Facility Agreement.
