Common use of Transfer of Security Clause in Contracts

Transfer of Security. (a) The Chargee may at any time without the consent or concurrence of the Chargor transfer the benefit of this Charge to any person. In the event such assignment and/or transfer is to the detriment of the Chargor (whether financial or otherwise), the Chargee shall obtain a prior written consent from the Chargor. (b) All cost and expenses of the Chargee and or the transferee of and incidental to such transfer shall be payable by the Chargor and any statement or recital in the documents of transfer of the amount then due to the Chargee under and by virtue of this Charge shall be prima facie evidence that such amounts is in fact due and shall be conclusive and binding on the Chargor. (c) The Chargor shall not assign or transfer any of its rights and obligations hereunder without the consent of the Chargee.

Transfer of Security. (a) The Chargee may at any time without the consent cons ent or concurrence of the Chargor transfer the benefit of this Charge to any person. In the event such assignment and/or and/ or transfer is to the detriment of the Chargor (whether financial or otherwise), the Chargee shall obtain a prior written consent from the Chargor. (b) All cost and expenses of the Chargee and or the transferee of and incidental to such transfer shall be payable by the Chargor and any statement or recital in the documents of transfer of the amount then due to the Chargee under and by virtue of this Charge shall be prima facie evidence that such amounts is in fact due and shall be conclusive and binding on the Chargor. (c) The Chargor shall not assign or transfer any of its rights and obligations hereunder without the consent of the Chargee.

Transfer of Security. (a) The Chargee may at any time without the consent or concurrence of the Chargor transfer the benefit of this Charge to any person. In the event such assignment and/or and/ or transfer is to the detriment of the Chargor (whether financial or otherwise), the Chargee shall obtain a prior prio r written consent from the Chargor. (b) All cost and expenses of the Chargee and or the transferee of and incidental to such transfer shall be payable by the Chargor and/ or the Customer and any statement or recital in the documents of transfer of the amount amou nt then due to the Chargee under and by virtue of this Charge shall be prima facie evidence that such amounts is in fact due and shall be conclusive and binding on the ChargorChargor and/ or the Customer. (c) The Chargor shall not assign or transfer any of its rights ri ghts and obligations hereunder without the consent of the Chargee.