Common use of Charged Assets Clause in Contracts

Charged Assets. (a) The Chargor has not received notice of any adverse claim in respect of any of the Charged Assets (including the Shares and the Related Rights). (b) Except for any Liens granted to the Security Trustee pursuant to this Debenture and any other Liens permitted to exist on the Charged Assets under the Facility Agreement: (i) the Chargor is the legal and beneficial owner of the Charged Assets which it purports to charge on the date hereof and, with full title guarantee, is able to mortgage or charge and has so mortgaged or charged such Charged Assets. (ii) the Charged Assets are within the Chargor’s disposition and control and the terms of the Charged Assets do not restrict or otherwise limit the right to transfer, mortgage, charge or pledge the Charged Assets in favour of the Security Trustee.

Charged Assets. (a) The Chargor has not received notice of any adverse claim in respect of any of the Charged Assets (including the Shares and the Related Rights). (b) Except for any Liens granted to the Security Trustee pursuant to this Debenture, the Prior Debenture and any other Liens permitted to exist on the Charged Assets under the Facility Agreement: (i) the Chargor is the legal and beneficial owner of the Charged Assets which it purports to charge on the date hereof and, with full title guarantee, is able to mortgage or charge and has so mortgaged or charged such Charged Assets. (ii) the Charged Assets are within the Chargor’s disposition and control and the terms of the Charged Assets do not restrict or otherwise limit the right to transfer, mortgage, charge or pledge the Charged Assets in favour of the Security Trustee.