Common use of Permitted Security Clause in Contracts

Permitted Security. For the avoidance of doubt, nothing in this Agreement will prevent the Pledgor from permitting to subsist or granting any other security interest in the Collateral under the Membership Interests First Lien Pledge Agreement.

Appears in 1 contract

Sources: Membership Interests Second Lien Pledge Agreement (Par Petroleum Corp/Co)

Permitted Security. For the avoidance of doubt, nothing in this Agreement will prevent the Pledgor from permitting to subsist or granting any other security interest in the Collateral under the Membership Interests First Second Lien Pledge Agreement.

Appears in 1 contract

Sources: Membership Interests First Lien Pledge Agreement (Par Petroleum Corp/Co)