Common use of Security over Lenders’ rights Clause in Contracts

Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Clause 24, each Lender may without consulting with or obtaining consent from the Borrower or any Security Party, at any time charge, assign or otherwise create a Security Interest in or over (whether by way of collateral or otherwise) all or any of its rights under any Finance Document to secure obligations of that Lender including, without limitation in the case of any Lender which is a fund, any charge, assignment or other Security Interest granted to any holders (or trustee or representatives of holders) of obligations owed, or securities issued, by that Lender as security for those obligations or securities, except that no such charge, assignment or Security Interest shall:

Appears in 2 contracts

Samples: Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Acquisition CORP)

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Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Clause 2426, each Lender may without consulting with or obtaining consent from the Borrower Borrowers or any Security Party, at any time charge, assign or otherwise create a Security Interest in or over (whether by way of collateral or otherwise) all or any of its rights under any Finance Document to secure obligations of that Lender including, without limitation limitation: any charge, assignment or other Security Interest to secure obligations to a federal reserve or central bank; and in the case of any Lender which is a fund, any charge, assignment or other Security Interest granted to any holders (or trustee or representatives of holders) of obligations owed, or securities issued, by that Lender as security for those obligations or securities, ; except that no such charge, assignment or Security Interest shall:

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition CORP)

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Security over Lenders’ rights. In addition to the other rights provided to Lenders under this Clause 2426, each Lender may without consulting with or obtaining consent from the either Borrower or any Security Party, at any time charge, assign or otherwise create a Security Interest in or over (whether by way of collateral or otherwise) all or any of its rights under any Finance Document to secure obligations of that Lender including, without limitation limitation: any charge, assignment or other Security Interest to secure obligations to a federal reserve or central bank; and in the case of any Lender which is a fund, any charge, assignment or other Security Interest granted to any holders (or trustee or representatives of holders) of obligations owed, or securities issued, by that Lender as security for those obligations or securities, ; except that no such charge, assignment or Security Interest shall:

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition CORP)

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