Common use of Specific Security Clause in Contracts

Specific Security. The Chargor, as continuing security for the payment of the Secured Obligations, charges in favour of the Security Agent by way of first fixed charge and with full title guarantee: 3.1.1 all of the Shares, both present and future, from time to time, owned by it or in which it has an interest, and all corresponding Related Rights; and 3.1.2 if not effectively assigned by Clause 3.2 (Security Assignment), all its rights, title and interest in the Loan Agreements and Related Payments, and includes, in respect of each of the above charged assets (as appropriate) the benefit of all licences, consents and agreements held by the Chargor in connection with the use of the asset, any monies or income paid or payable in respect of the asset, any proceeds of the sale of the asset and any other property, rights or claims accruing to or deriving from the asset.

Specific Security. The Chargor, as continuing security for the payment of the Secured Obligations, charges in favour of the Security Agent by way of first fixed charge and with full title guarantee: 3.1.1 (a) all of the Shares, both present and future, from time to time, owned by it or in which it has an interest, and all corresponding Related Rights; and 3.1.2 (b) if not effectively assigned by Clause 3.2 (Security Assignment), all its rights, title and interest in the Loan Agreements and Related Payments, and includes, in respect of each of the above charged assets (as appropriate) the benefit of all licences, consents and agreements held by the Chargor in connection with the use of the asset, any monies or income paid or payable in respect of the asset, any proceeds of the sale of the asset and any other property, rights or claims accruing to or deriving from the asset.