Common use of Borrower Security Clause in Contracts

Borrower Security. permit the validity or effectiveness of its obligations or rights under the Borrower Security Documents or of the Borrower Security granted by it to be impaired or to be amended, hypothecated, subordinated, terminated or discharged.

Appears in 2 contracts

Sources: Issuer/Borrower Facility Agreement (Mitchells & Butlers PLC), Issuer/Borrower Facility Agreement (Mitchells & Butlers PLC)