No Security Interest. Holders shall have no security interest in any of the Company’s assets or other collateral. Nothing in this Revenue Sharing Agreement or in the Notes, express or implied, shall be construed to constitute a security interest under the Uniform Commercial Code or similar legislation, now in effect or hereaHer enacted and made effective, in any jurisdiction.
No Security Interest. This Clause 25 gives the Creditor Parties a contractual right of set-off only, and does not create any equitable charge or other Security Interest over any credit balance of any Borrower.
No Security Interest. Nothing in this Annex is intended to create or does create in favour of either party any mortgage, charge, lien, pledge, encumbrance or other security interest in any cash or other property transferred by one party to the other party under the terms of this Annex.
No Security Interest. Licensee shall not enter into any agreement under which Licensee grants to or otherwise creates in any third party a security interest in this Agreement or any of the rights granted to Licensee herein. Any grant or creation of a security interest purported or attempted to be made in violation of the terms of this Section 11.2 shall be null and void and of no legal effect.
No Security Interest. Licensee must not grant, nor purport to grant, any security interest to any third party in relation to the Software.
No Security Interest no Security Interest affects any property of an Obligor except as permitted by this Agreement;
No Security Interest. Company shall not enter into any agreement under which Company grants to or otherwise creates in any Third Party a security interest in this Agreement or any of the rights granted to Company herein. Any grant or creation of a security interest purported or attempted to be made in violation of the terms of this Section 11.4 shall be null and void and of no legal effect.
No Security Interest. This Clause gives the Lender a contractual right of set-off only, and does not create any equitable charge or other Security Interest over any credit balance of the Borrower.
No Security Interest. Licensee may not encumber or otherwise grant a security interest in any of the rights granted under this Agreement to any third party.
No Security Interest. The Borrower agrees not to create, incur, assume or suffer to exist (or to allow or permit the Borrower Parent to create, incur, assume or suffer to exist) any Lessor Lien on the Aircraft or any of the other Collateral (other than the Lessor Liens constituted by the Security Documents and the Basic Agreements or as otherwise consented to in writing by the Agent), and shall promptly take any and all necessary action, at its own expense, to remove and release any such Lessor Lien and shall promptly reimburse and indemnify the Collateral, and each other party to any of the Basic Agreements, for any loss incurred as a result of any such Lessor Lien.
