Common use of Creation of Security Clause in Contracts

Creation of Security. 21.2.1 Notwithstanding the provisions of Clause 21.1, for the purpose of financing the construction, operation and maintenance of the Plant, the Seller may assign or create security over its rights and interests under, pursuant to or associated with the assets identified in Clause 21.1; except that the Seller shall not create any such security without the prior written consent of [the Purchaser/GoT]. 21.2.2 The Purchaser shall execute all such acknowledgments of any security created in accordance with Clause 21.2.1 above as are reasonably requested by the Seller to give effect to the security. 21.2.3 The Purchaser shall use all reasonable efforts to execute, acknowledge and deliver any and all further documents and instruments, and to take any other actions, which may be necessary to satisfy the reasonable requests of any Finance Parties or prospective Finance Parties in connection with the financing or refinancing of the Project, including executing and delivering to the Finance Parties a consent to assignment (or other form of direct agreement) concerning the Project between the Purchaser and the Finance Parties in form and substance satisfactory to the Finance Parties. 21.2.4 Nothing in Clause 21.2.3 shall be construed to require the Purchaser to execute, acknowledge and deliver any further documents and instruments, or to take any other actions, which are inconsistent with its rights under this Agreement or which are expressly subject to its consent or approval under this Agreement.