Common use of Granting of Security Clause in Contracts

Granting of Security. Granting of security or creating a charge over any assets or property in respect of a payment obligation with an aggregate value in excess of USD 40,000,000 in a cumulative three year period.

Granting of Security. Granting of security or creating a charge over any assets or property in respect of a payment obligation with an aggregate value in excess of USD 20,000,000 but less than USD 40,000,000 in a cumulative three year period.

Granting of Security. 1.3.1 Granting of security or creating a charge over any assets or property in respect of a payment obligation with an aggregate value in excess of USD 40,000,000 in a cumulative three year period.