Common use of Security Agreement Floating Security Clause in Contracts

Security Agreement Floating Security. For the avoidance of doubt, the OFCA Floating Security will rank pari passu with the Security Agreement Floating Security regardless of the time of crystallisation of either the Security Agreement Floating Security or the OFCA Floating Security (whether such crystallisation is effected pursuant to Clause 9.1 (Crystallisation: By Notice), Clause 9.3 (Crystallisation: Automatic) or otherwise).