{"component": "clause", "props": {"groups": [{"samples": [{"hash": "lqXtnkB1Elh", "uri": "/contracts/lqXtnkB1Elh#no-security", "label": "Receivables Purchase Agreement (Jpmorgan Chase Bank, National Association)", "score": 35.9568786621, "published": true}, {"hash": "8ZAE02d6FAj", "uri": "/contracts/8ZAE02d6FAj#no-security", "label": "Receivables Purchase Agreement", "score": 35.6887397766, "published": true}, {"hash": "gbY9S5cBIZh", "uri": "/contracts/gbY9S5cBIZh#no-security", "label": "Receivables Purchase Agreement (Chase Card Funding LLC)", "score": 27.0561256409, "published": true}], "snippet": "The Lender agrees that it is not taking and will not take or assert as security for the payment of this Note any security interest in or lien upon, whether created by contract, statute or otherwise, any property of the Borrower or any property in which the Borrower may have an interest, which is or at any time may be in possession or subject to the control of the Lender. The Lender hereby waives, and further agrees that it will not seek to obtain payment of this Note in whole or in any part by exercising any right of set-off it may assert or possess whether created by contract, statute or otherwise. Any agreement between the Borrower and the Lender (whether in the nature of a general loan and collateral agreement, a security or pledge agreement or otherwise), shall be deemed amended hereby to the extent necessary so as not to be inconsistent with the provisions of this Note.", "size": 14, "snippet_links": [{"key": "the-lender", "type": "clause", "offset": [0, 10]}, {"key": "payment-of", "type": "definition", "offset": [88, 98]}, {"key": "this-note", "type": "clause", "offset": [99, 108]}, {"key": "security-interest", "type": "definition", "offset": [113, 130]}, {"key": "created-by", "type": "definition", "offset": [156, 166]}, {"key": "of-the-borrower", "type": "clause", "offset": [212, 227]}, {"key": "an-interest", "type": "clause", "offset": [275, 286]}, {"key": "at-any-time", "type": "clause", "offset": [300, 311]}, {"key": "in-possession", "type": "definition", "offset": [319, 332]}, {"key": "subject-to-the", "type": "definition", "offset": [336, 350]}, {"key": "control-of-the", "type": "clause", "offset": [351, 365]}, {"key": "hereby-waives", "type": "clause", "offset": [385, 398]}, {"key": "right-of-set", "type": "clause", "offset": [514, 526]}, {"key": "agreement-between", "type": "clause", "offset": [611, 628]}, {"key": "the-borrower-and-the", "type": "clause", "offset": [629, 649]}, {"key": "general-loan-and-collateral-agreement", "type": "clause", "offset": [685, 722]}, {"key": "agreement-or", "type": "definition", "offset": [745, 757]}, {"key": "to-the-extent", "type": "clause", "offset": [801, 814]}, {"key": "the-provisions-of-this", "type": "clause", "offset": [859, 881]}], "hash": "810a07c655f764407d1a6909e815adc3", "id": 4}, {"samples": [{"hash": "2UjuDambSYd", "uri": "/contracts/2UjuDambSYd#no-security", "label": "Third Amendment Agreement (Kronos International Inc)", "score": 20.1861743927, "published": true}, {"hash": "1mIdyZExfTG", "uri": "/contracts/1mIdyZExfTG#no-security", "label": "Second Amendment Agreement (Kronos International Inc)", "score": 20.1861743927, "published": true}, {"hash": "br0Jnimh1A", "uri": "/contracts/br0Jnimh1A#no-security", "label": "Facility Agreement (Kronos International Inc)", "score": 19.1861743927, "published": true}], "snippet": "No Security exists over all or any of the present or future assets of any Obligor other than any Security permitted under Clause 25.3 (Negative pledge).", "size": 13, "snippet_links": [{"key": "future-assets", "type": "clause", "offset": [53, 66]}, {"key": "under-clause", "type": "clause", "offset": [116, 128]}, {"key": "negative-pledge", "type": "definition", "offset": [135, 150]}], "hash": "64b03f8ca12a719089c19c58d7040b80", "id": 5}, {"samples": [{"hash": "lj1LfZhAGwl", "uri": "/contracts/lj1LfZhAGwl#no-security", "label": "Oxbury Transition Facility Agreement", "score": 32.2114181519, "published": true}, {"hash": "kB8lHcHn89n", "uri": "/contracts/kB8lHcHn89n#no-security", "label": "Oxbury Warrendale Wagyu Beef Scheme Account General Terms and Conditions", "score": 32.2114181519, "published": true}, {"hash": "kB5tqiKfZNM", "uri": "/contracts/kB5tqiKfZNM#no-security", "label": "Oxbury Meadow Quality Beef Scheme Account General Terms and Conditions", "score": 32.2114181519, "published": true}], "snippet": "This clause 15 gives to the Lender a contractual right of set-off only and does not create any equitable charge or other Security over any credit balance of the Borrower.", "size": 26, "snippet_links": [{"key": "clause-15", "type": "clause", "offset": [5, 14]}, {"key": "the-lender", "type": "clause", "offset": [24, 34]}, {"key": "right-of-set", "type": "clause", "offset": [49, 61]}, {"key": "equitable-charge", "type": "clause", "offset": [95, 111]}, {"key": "other-security", "type": "definition", "offset": [115, 129]}, {"key": "of-the-borrower", "type": "clause", "offset": [154, 169]}], "hash": "412e859d8e57c497ecafd5115d9d77af", "id": 3}, {"samples": [{"hash": "j0GCVRryN2c", "uri": "/contracts/j0GCVRryN2c#no-security", "label": "Indenture (Credit Suisse Group Funding (Guernsey) LTD)", "score": 27.7460651398, "published": true}, {"hash": "5PtPUoawXPW", "uri": "/contracts/5PtPUoawXPW#no-security", "label": "Indenture (Credit Suisse Group Funding (Guernsey) LTD)", "score": 27.7460651398, "published": true}, {"hash": "44mU9oSrGdC", "uri": "/contracts/44mU9oSrGdC#no-security", "label": "Indenture (Credit Suisse Group Funding (Guernsey) LTD)", "score": 27.7460651398, "published": true}], "snippet": "The Company and the Guarantor may not create or permit to exist any pledge or other security interest over the Company\u2019s assets or the Guarantor\u2019s assets, as the case may be, to secure its respective obligations in respect of the Securities.", "size": 11, "snippet_links": [{"key": "the-guarantor", "type": "clause", "offset": [16, 29]}, {"key": "other-security-interest", "type": "definition", "offset": [78, 101]}, {"key": "the-case", "type": "definition", "offset": [158, 166]}, {"key": "to-secure", "type": "clause", "offset": [175, 184]}, {"key": "respective-obligations", "type": "clause", "offset": [189, 211]}, {"key": "in-respect-of", "type": "definition", "offset": [212, 225]}, {"key": "the-securities", "type": "clause", "offset": [226, 240]}], "hash": "1ef508f31082c398aa78fbb506e54414", "id": 6}, {"samples": [{"hash": "kSGmAhvEExY", "uri": "/contracts/kSGmAhvEExY#no-security", "label": "Complex Grant Agreement", "score": 26.1704311371, "published": true}, {"hash": "caah4oAHZju", "uri": "/contracts/caah4oAHZju#no-security", "label": "Complex Grant Agreement", "score": 26.1704311371, "published": true}, {"hash": "kBnCd3QMEaU", "uri": "/contracts/kBnCd3QMEaU#no-security", "label": "Complex Grant Agreement", "score": 24.880903244, "published": true}], "snippet": "The Recipient must not without the prior written consent of DFAT use any of the following as any form of security for the purpose of obtaining or complying with any form of loan, credit, payment or other interest, or for the preparation of, or in the course of any litigation: the Funds; this Agreement or any of DFAT's obligations under this Agreement; or any Assets or Intellectual Property Rights in Agreement Material.", "size": 11, "snippet_links": [{"key": "the-recipient-must", "type": "clause", "offset": [0, 18]}, {"key": "consent-of", "type": "clause", "offset": [49, 59]}, {"key": "form-of-security", "type": "clause", "offset": [97, 113]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [114, 132]}, {"key": "complying-with", "type": "clause", "offset": [146, 160]}, {"key": "form-of-loan", "type": "clause", "offset": [165, 177]}, {"key": "other-interest", "type": "clause", "offset": [198, 212]}, {"key": "preparation-of", "type": "clause", "offset": [225, 239]}, {"key": "in-the-course-of", "type": "definition", "offset": [244, 260]}, {"key": "the-funds", "type": "clause", "offset": [277, 286]}, {"key": "agreement-or", "type": "definition", "offset": [293, 305]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [320, 352]}, {"key": "intellectual-property-rights-in-agreement-material", "type": "clause", "offset": [371, 421]}], "hash": "b09933f57e7ae5c9a7d221b38fcb5158", "id": 7}, {"samples": [{"hash": "3t8T7cqWHij", "uri": "/contracts/3t8T7cqWHij#no-security", "label": "Term Loan Facility Agreement", "score": 29.3408622742, "published": true}, {"hash": "bcwuFTl78jk", "uri": "/contracts/bcwuFTl78jk#no-security", "label": "Term Loan Facility Agreement (Danaos Corp)", "score": 22.2648868561, "published": true}, {"hash": "ghphqslBt0M", "uri": "/contracts/ghphqslBt0M#no-security", "label": "Term Loan Facility Agreement (Danaos Corp)", "score": 20.2648868561, "published": true}], "snippet": "evidence acceptable to the Lenders that there is no Security of any kind created or permitted by any person on or relating to the relevant Contract or the relevant Refund Guarantee;", "size": 10, "snippet_links": [{"key": "the-lenders", "type": "clause", "offset": [23, 34]}, {"key": "security-of", "type": "clause", "offset": [52, 63]}, {"key": "any-person", "type": "definition", "offset": [97, 107]}, {"key": "relating-to", "type": "definition", "offset": [114, 125]}, {"key": "the-relevant", "type": "clause", "offset": [126, 138]}, {"key": "refund-guarantee", "type": "definition", "offset": [164, 180]}], "hash": "94369dd2b93e4d0f3881cd8074b462ab", "id": 8}, {"samples": [{"hash": "gdh087m1wgO", "uri": "/contracts/gdh087m1wgO#no-security", "label": "Credit Agreement", "score": 35.0029983521, "published": true}, {"hash": "77m5xd2ROdV", "uri": "/contracts/77m5xd2ROdV#no-security", "label": "Credit Agreement", "score": 34.5711784363, "published": true}, {"hash": "lwavuL5Uj9z", "uri": "/contracts/lwavuL5Uj9z#no-security", "label": "Credit Agreement", "score": 34.3236846924, "published": true}], "snippet": "Your Account is unsecured. We are not taking a security interest in any property in connection with your Account.", "size": 42, "snippet_links": [{"key": "your-account", "type": "clause", "offset": [0, 12]}, {"key": "security-interest", "type": "definition", "offset": [47, 64]}, {"key": "in-connection-with", "type": "clause", "offset": [81, 99]}], "hash": "5be2e0a57197fa9c0ac18a69220e4797", "id": 1}, {"samples": [{"hash": "3zQai0Xe90l", "uri": "/contracts/3zQai0Xe90l#no-security", "label": "Asset Purchase Agreement", "score": 30.3408622742, "published": true}, {"hash": "jSdZxBUTs4n", "uri": "/contracts/jSdZxBUTs4n#no-security", "label": "Asset Purchase Agreement (Synalloy Corp)", "score": 30.2073917389, "published": true}, {"hash": "9VC3MUHe5QD", "uri": "/contracts/9VC3MUHe5QD#no-security", "label": "Asset Purchase Agreement (Synalloy Corp)", "score": 29.5968513489, "published": true}], "snippet": "The Parties hereto understand and agree that (i) the contingent rights to receive any Earn Out Payment shall not be represented by any form of certificate or other instrument, are not transferable, except by operation of Laws relating to descent and distribution, divorce and community property, and do not constitute an equity or ownership interest in Buyer or any of its affiliates, (ii) Seller shall not have any rights as a security holder of Buyer or any of its affiliates as a result of Seller\u2019s contingent right to receive any Earn Out Payment hereunder, and (iii) no interest is payable with respect to any Earn Out Payment.", "size": 36, "snippet_links": [{"key": "the-parties-hereto", "type": "clause", "offset": [0, 18]}, {"key": "understand-and-agree-that", "type": "clause", "offset": [19, 44]}, {"key": "contingent-rights", "type": "definition", "offset": [53, 70]}, {"key": "represented-by", "type": "definition", "offset": [116, 130]}, {"key": "form-of-certificate", "type": "clause", "offset": [135, 154]}, {"key": "not-transferable", "type": "clause", "offset": [180, 196]}, {"key": "operation-of", "type": "definition", "offset": [208, 220]}, {"key": "relating-to", "type": "definition", "offset": [226, 237]}, {"key": "community-property", "type": "definition", "offset": [276, 294]}, {"key": "interest-in-buyer", "type": "clause", "offset": [341, 358]}, {"key": "seller-shall", "type": "clause", "offset": [390, 402]}, {"key": "rights-as-a-security-holder", "type": "clause", "offset": [416, 443]}, {"key": "of-buyer", "type": "clause", "offset": [444, 452]}, {"key": "of-seller", "type": "clause", "offset": [490, 499]}, {"key": "right-to-receive", "type": "clause", "offset": [513, 529]}, {"key": "no-interest", "type": "clause", "offset": [572, 583]}, {"key": "with-respect-to", "type": "clause", "offset": [595, 610]}], "hash": "e51b3555ea785926742b4fd85e8c787a", "id": 2}, {"samples": [{"hash": "jP61fAPlZca", "uri": "/contracts/jP61fAPlZca#no-security", "label": "Securities Agreement (Wheeling Pittsburgh Corp /De/)", "score": 21.0, "published": true}, {"hash": "hmmHcNHcMaq", "uri": "/contracts/hmmHcNHcMaq#no-security", "label": "Securities Purchase Agreement (Patrick Industries Inc)", "score": 21.0, "published": true}, {"hash": "6ZLFVOZrLyb", "uri": "/contracts/6ZLFVOZrLyb#no-security", "label": "Convertible Note Agreement (Wheeling Pittsburgh Corp /De/)", "score": 20.0, "published": true}], "snippet": "This Note is an unsecured obligation of the Borrower and no collateral accompanies the obligations hereunder.", "size": 9, "snippet_links": [{"key": "this-note", "type": "clause", "offset": [0, 9]}, {"key": "obligation-of-the-borrower", "type": "clause", "offset": [26, 52]}, {"key": "no-collateral", "type": "definition", "offset": [57, 70]}, {"key": "the-obligations", "type": "clause", "offset": [83, 98]}], "hash": "b6b85ac609caed4118397ba1a52ca96a", "id": 10}, {"samples": [{"hash": "1OTPqdWTtDi", "uri": "/contracts/1OTPqdWTtDi#no-security", "label": "Interim Facilities Agreement", "score": 28.132101059, "published": true}, {"hash": "14XGFZC7ayN", "uri": "/contracts/14XGFZC7ayN#no-security", "label": "Interim Facilities Agreement", "score": 26.8911705017, "published": true}, {"hash": "1nr0iCbVcGA", "uri": "/contracts/1nr0iCbVcGA#no-security", "label": "Interim Facility Agreement", "score": 26.2224502563, "published": true}], "snippet": "The provisions of this Clause 17 shall not constitute a charge by any Interim Lender over all or any part of any amount received or recovered by it under any of the circumstances mentioned in this Clause 17.", "size": 10, "snippet_links": [{"key": "the-provisions-of-this", "type": "clause", "offset": [0, 22]}, {"key": "clause-17", "type": "definition", "offset": [23, 32]}, {"key": "interim-lender", "type": "definition", "offset": [70, 84]}, {"key": "amount-received", "type": "clause", "offset": [113, 128]}, {"key": "in-this-clause", "type": "clause", "offset": [189, 203]}], "hash": "faa560ef3526d38eaa720ebf16123e43", "id": 9}], "next_curs": "ClQSTmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjALEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhRuby1zZWN1cml0eSMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "No Security", "size": 570, "children": [["", ""], ["rights-and-remedies", "Rights and remedies"], ["waivers-and-consents", "Waivers and consents"], ["amendments", "Amendments"], ["complaints", "Complaints"]], "parents": [["miscellaneous", "Miscellaneous"], ["earn-out", "Earn Out"], ["purchase-and-sale", "Purchase and Sale"], ["representations-and-warranties", "Representations and Warranties"], ["representations", "REPRESENTATIONS"]], "id": "no-security", "related": [["no-security-interest", "No Security Interest", "<strong>No Security</strong> Interest"], ["no-security-interest-created", "No Security Interest Created", "<strong>No Security</strong> Interest Created"], ["no-set-off", "No Set-Off", "No Set-Off"], ["job-security", "JOB SECURITY", "JOB SECURITY"], ["companys-rights", "Company\u2019s Rights", "Company\u2019s Rights"]], "related_snippets": [], "updated": "2026-04-18T05:49:41+00:00", "also_ask": ["What negotiation leverage does a 'No Security' clause provide to either party?", "What essential language must be included to ensure the 'No Security' clause is unambiguous and enforceable?", "What are the primary risks if the 'No Security' clause is omitted or poorly drafted?", "How does a 'No Security' clause compare to similar provisions in other jurisdictions or standard contracts?", "What factors do courts consider when determining the enforceability of a 'No Security' clause?"], "drafting_tip": "State explicitly that no security interest is granted to prevent unintended encumbrances; clarify exceptions, if any, to avoid loopholes; use precise language to ensure enforceability.", "explanation": "The \"No Security\" clause establishes that no security interest, lien, or encumbrance is granted by one party to another under the agreement. In practice, this means that the party's assets or property cannot be claimed or used as collateral to secure any obligations arising from the contract. This clause is commonly used to clarify that the agreement does not create any form of security arrangement, thereby preventing misunderstandings or disputes about rights to assets and ensuring that obligations remain unsecured."}, "json": true, "cursor": ""}}