Ranking of security. The security created pursuant to the US Security Agreement and/or the 2012 Deed of Disclosed Pledge creates a first ranking or first and sequentially lower ranking security right over the assets described therein in favour of the State.
Appears in 2 contracts
Sources: Illiquid Assets Back Up Facility Agreement, Illiquid Assets Back Up Facility Agreement (Ing Groep Nv)
Ranking of security. The security created pursuant to the US U.S. Security Agreement and/or the 2012 Deed of Disclosed Pledge creates a first ranking or first and sequentially lower ranking security right over the assets described therein in favour of the State.
Appears in 1 contract