Charged Agreements Clause Samples
The "Charged Agreements" clause defines the terms under which one party grants a security interest or charge over its rights or interests in an agreement to a third party, typically as collateral for a loan or other obligation. In practice, this clause outlines the conditions and limitations for creating, maintaining, or enforcing such charges, and may require the consent of the other contracting party before any rights under the agreement are pledged. Its core function is to manage and control the assignment of contractual rights as security, thereby protecting the interests of all parties and preventing unauthorized encumbrances that could affect the agreement's performance or value.
Charged Agreements. (a) Counterparty: BBVA Ciudad BBVA ▇/ ▇▇▇▇▇▇▇, 28 Edificio Asia Nivel 1 28050 Madrid.
(b) Swap Agreement: The Master Agreement as supplemented by the Swap Transaction Confirmation (the Swap Transaction Confirmation and the Master Agreement, the "Swap Agreement"). The Calculation Agent under the Swap Agreement shall be the Counterparty (the "Swap Calculation Agent").
(a) Security Ranking Basis: Counterparty Priority Basis.
Charged Agreements. (a) Counterparty: BBVA Ciudad BBVA ▇/ ▇▇▇▇▇▇▇, 28 Edificio Asia
(b) Swap Agreement: The Master Agreement as supplemented by the Swap Transaction Confirmation (the Swap Transaction Confirmation and the Master Agreement, the "Swap Agreement"). The Calculation Agent under the Swap Agreement shall be the Counterparty (the "Swap Calculation Agent"). The form of the Swap Transaction Confirmation is set out in the Annex hereto (see Form of Swap Transaction Confirmation – Annex 1).
(a) Security Ranking Counterparty Priority Basis. Basis:
(b) Instructing Creditor: For the purposes of these Securities only, the Instructing Creditor shall be the Counterparty.
Charged Agreements. 3.11.1 Subject to Clauses 3.14.1 and 3.14.3 (Certain Exclusions) each Chargor assigns absolutely all its rights, title and interest under each Charged Agreement to which it is party.
3.11.2 Subject to Clauses 3.14.1 and 3.14.3 (Certain Exclusions), each Chargor charges by way of fixed charge all its rights, title and interests under each Charged Agreement to which it is a party, save to the extent that any right, title or interest is effectively assigned by Clause 3.11.1 above.
Charged Agreements. General Notwithstanding any assignment contained in this Debenture:
(a) the Administrative Agent will not be obliged to make any enquiry as to the nature or sufficiency of any payment made in respect of the Charged Agreements or make any claim or take any other action to collect any moneys or to enforce any of the rights, title, interest or benefits assigned under this Debenture or to which the Administrative Agent may at any time be entitled pursuant to this Debenture;
(b) the Chargor will remain liable to perform all its obligations in respect of the Charged Agreements and the Administrative Agent will not be under any obligation of any kind whatsoever in respect of the Charged Agreements or be under any liability whatsoever in the event of any failure by the Chargor to perform its obligations in respect of the Charged Agreements; and
(c) prior to the occurrence of an Event of Default, the Chargor shall continue to be entitled to exercise all rights and powers as the Chargor may have with respect to the Charged Agreements.
Charged Agreements