Common use of Security over Banks’ rights Clause in Contracts

Security over Banks’ rights. In addition to the other rights provided to Banks under this Clause 23, each Bank may without consulting with or obtaining consent from any Obligor, at any time charge, assign or otherwise create Security in or over (whether by way of collateral or otherwise) all or any of its rights under any Finance Document to secure obligations of that Bank including, without limitation:

Appears in 2 contracts

Samples: Facility Agreement (Platinum Underwriters Holdings LTD), Assignment Agreement (Platinum Underwriters Holdings LTD)

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Security over Banks’ rights. In addition to the other rights provided to the Banks under this Clause 23Agreement, each Bank may without consulting with or obtaining consent from any Obligor, at any time charge, assign or otherwise create Security in or over (whether by way of collateral Collateral or otherwise) all or any of its rights under any Finance Document to secure obligations of that Bank including, without limitation:

Appears in 2 contracts

Samples: Facility Agreement (Amtrust Financial Services, Inc.), Facility Agreement (Amtrust Financial Services, Inc.)

Security over Banks’ rights. In addition to the other rights provided to Banks the Bank under this Clause 2319, each the Bank may without consulting with or obtaining consent from any Obligor, at any time charge, assign or otherwise create a Security Interest in or over (whether by way of collateral or otherwise) all or any of its rights under any Finance Document to secure obligations of that the Bank including, without limitation:

Appears in 1 contract

Samples: Credit Facility Agreement (Xl Group PLC)

Security over Banks’ rights. In addition to the other rights provided to Banks the Bank under this Clause 2320, each the Bank may without consulting with or obtaining consent from any Obligorthe Company, at any time charge, assign or otherwise create Security in or over (whether by way of collateral or otherwise) all or any of its rights under any Finance Document to secure obligations of that the Bank including, without limitation:

Appears in 1 contract

Samples: Credit Facility Agreement (Axis Capital Holdings LTD)

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Security over Banks’ rights. In addition to the other rights provided to Banks under this Clause 2326, each Bank may without consulting with or obtaining consent from any Obligor, at any time charge, assign or otherwise create Security in or over (whether by way of collateral or otherwise) all or any of its rights under any Finance Document to secure obligations of that Bank including, without limitation:

Appears in 1 contract

Samples: Multicurrency Revolving Credit and Guarantee (Subsea 7 S.A.)

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