Common use of Security over Banks’ rights Clause in Contracts

Security over Banks’ rights. A Bank may, without consulting with or obtaining consent from any Obligor, at any time charge to, assign to, 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 Bank to a federal reserve, central bank or any authorised government body, except that no such charge, assignment or Security Interest shall:

Security over Banks’ rights. A In addition to the other rights provided to Banks under this Clause 27, each Bank may, without consulting with or obtaining consent from any Obligor, at any time charge tocharge, assign to, 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 Bank including, without limitation any charge, assignment or other Security Interest to secure obligations to a federal reserve, reserve or central bank or any authorised government body, except that no such charge, assignment or Security Interest shall:

Security over Banks’ rights. A In addition to the other rights provided to Banks under this Clause 28, each Bank may, without consulting with or obtaining consent from any Obligor, at any time charge tocharge, assign to, 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 Bank including, without limitation any charge, assignment or other Security Interest to secure obligations to a federal reserve, reserve or central bank or any authorised government body, except that no such charge, assignment or Security Interest shall:

Security over Banks’ rights. A In addition to the other rights provided to Banks under this Clause 26, each Bank may, without consulting with or obtaining consent from any Obligorthe Borrower, at any time charge tocharge, assign to, 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 Bank including, without limitation any charge, assignment or other Security Interest to secure obligations to a federal reserve, reserve or central bank or any authorised government body, except that no such charge, assignment or Security Interest shall: