Priority of Further Advances. All monies which are expressed to be ---------------------------- secured by this Deed and which are advanced, paid or otherwise provided after the Security Agent or any other Finance Party receives notice of the creation of any other Encumbrance shall be secured by this Deed in priority to any monies secured by that other Encumbrance, unless the Security Agent specifically agrees in writing.
Appears in 2 contracts
Sources: Facility Agreement (Hawker Pacific Aerospace), Credit Agreement (Hawker Pacific Aerospace)
Priority of Further Advances. All monies which are expressed to be secured ---------------------------- secured by this Deed and which are advanced, paid or otherwise provided after the Security Agent or any other Finance Party receives notice of the creation of any other Encumbrance shall be secured by this Deed in priority to any monies secured by that other Encumbrance, unless the Security Agent specifically agrees in writing.
Appears in 1 contract