Common use of Specific Security Clause in Contracts

Specific Security. Subject to Clause 3.6 (Property restricting charging), each Chargor, as continuing security for the payment of the Secured Obligations, charges in favour of the Security Agent with full title guarantee the following assets from time to time owned by it or in which it has an interest by way of first fixed charge: (a) all of its right, title and interest in its Intellectual Property; (b) all of its right, title and interest in the Equipment and all corresponding Related Rights; (c) all the Investments, Shares and all corresponding Related Rights; (d) all Trading Receivables and all rights and claims against third parties and against any security in respect of those Trading Receivables; (e) all Other Debts and all rights and claims against third parties against any security in respect of those Other Debts; (f) all monies standing to the credit of the Accounts and all corresponding Related Rights; (g) the benefit of all licences, consents and agreements held by it in connection with the use of any of its assets; (h) all rights, title and interests from time to time in and to its goodwill and uncalled capital; and (i) if not effectively assigned by Clause 3.4 (Security assignment), all its rights, title and interest in (and claims under) the Insurance Policies and the Assigned Agreements.

Specific Security. Subject to Clause 3.6 2.6 (Property restricting charging), each the New Chargor, as continuing security for the payment of the Secured Obligations, charges in favour of the Security Agent with full title guarantee the following assets from time to time owned by it or in which it has an interest by way of first fixed charge:: | (a) 1. all of its right, title and interest in its Intellectual Property; (b) 2. all of its right, title and interest in the Equipment and all corresponding Related Rights; (c) 3. all the Investments, Shares and all corresponding Related Rights; (d) 4. all Trading Receivables and all rights and claims against third parties and against any security in respect of those Trading Receivables; (e) 5. all Other Debts and all rights and claims against third parties against any security in respect of those Other Debts; (f) 6. all monies standing to the credit of the Accounts and all corresponding Related Rights; (g) 7. the benefit of all licences, consents and agreements held by it in connection with the use of any of its assets; (h) 8. all rights, title and interests from time to time in and to its goodwill and uncalled capital; and (i) 9. if not effectively assigned by Clause 3.4 2.5 (Security assignment), all its rights, title and interest in (and claims under) the Insurance Policies and the Assigned Agreements.