Common use of Permitted Security Clause in Contracts

Permitted Security. For the avoidance of doubt, nothing in this Section 2 (Creation of Security) will prevent the Grantors from permitting to subsist or granting any other Permitted Security.

Appears in 4 contracts

Sources: Abl Loan First Lien Security Agreement (Par Petroleum Corp/Co), Inventory First Lien Security Agreement (Par Petroleum Corp/Co), Inventory Second Lien Security Agreement (Par Petroleum Corp/Co)