Security: Subordinated Creditors. The Subordinated Creditors may not take, accept or receive the benefit of any Security, guarantee, indemnity or other assurance against loss from any member of the Group in respect of any of the Subordinated Liabilities prior to the Final Discharge Date.
Security: Subordinated Creditors. Prior to the Senior Discharge Date, the Subordinated Creditors may not take, accept or receive the benefit of any Security, guarantee, indemnity or other assurance against loss from (or over the assets of or over the shares in) any Debtor in respect of the Subordinated Liabilities unless that Security, guarantee, indemnity or other assurance against loss is expressly permitted by the Senior Term Facilities Agreement or the consent of the Instructing Group is obtained.
