Common use of SECURITY PURPOSE Clause in Contracts

SECURITY PURPOSE. The assignment for security purposes pursuant to clauses 5.1 and 5.2 and the pledge pursuant to clause 6 (Pledge) serve to secure the Trustee Claim. In addition, the assignment pursuant to clauses 5.1 and 5.2 is made for the purpose of securing the rights of the Transaction Creditors against the Issuer arising under the Funding and the Transaction Documents and any potential obligations on the grounds of any invalidity or unenforceability of any Funding or any Transaction Documents, in particular claims on the grounds of unjustified enrichment (ungerechtfertigte Bereicherung).

SECURITY PURPOSE. ‌ The assignment for security purposes pursuant to clauses 5.1 and 5.2 and the pledge pursuant to clause 6 (Pledge) serve to secure the Trustee Claim. In addition, the assignment pursuant to clauses 5.1 and 5.2 is made for the purpose of securing the rights of the Transaction Creditors against the Issuer arising under the Funding and the Transaction Documents and any potential obligations on the grounds of any invalidity or unenforceability of any Funding or any Transaction Documents, in particular claims on the grounds of unjustified enrichment (ungerechtfertigte Bereicherung).