Common use of Rights Regarding prior Encumbrances Clause in Contracts

Rights Regarding prior Encumbrances. The Security Agent may (but is not ----------------------------------- obliged to) pay any monies, obligations or liabilities secured by any Encumbrance having priority to this Deed and (at the expense of the Obligors) take a transfer of such Encumbrance for the benefit of the Finance Parties. All principal monies, interest, costs, charges and expenses of and incidental to such redemption and transfer shall be paid by the Obligors to the Security Agent on demand. Credit Agreement dated October 30, 2000 Schedule 7

Rights Regarding prior Encumbrances. The Security Agent may (but is not ----------------------------------- obliged to) pay any monies, obligations or liabilities secured by any Encumbrance having priority to this Deed and (at the expense of the Obligors) take a transfer of such Encumbrance for the benefit of the Finance Parties. All principal monies, interest, costs, charges and expenses of and incidental to such redemption and transfer shall be paid by the Obligors to the Security Agent on demand. Credit Facility Agreement dated October 30, 2000 Schedule 76