Specific Security. The 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, both present and future, from time to time owned by it or in which it has an interest by way of first fixed charge: 3.1.1 all the Shares and all corresponding Related Rights; 3.1.2 all monies from time to time standing to the credit of the Accounts (including any interest and other sums accruing thereon), together with all of its rights, title and interest in, and benefits and proceeds deriving from or arising in connection with, the Accounts; and 3.1.3 if not effectively assigned by Clause 3.2 (Security Assignment), all its rights, title and interest in (and proceeds and claims under) the Hedging Agreements and the Intra-Group Loan Agreements, 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.
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