Common use of No third party Security Interests Clause in Contracts

No third party Security Interests. Without limiting the generality of Clause 7.5: (a) Pacific Rim has the right to create all the Security Interests which under this Deed it purports to create; and (b) no third party has any Security Interest or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates except for Permitted Security Interests.