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Common use of SECURITY PURPOSE Clause in Contracts

SECURITY PURPOSE. The Secondary Pledges are constituted in order to secure the prompt and complete satisfaction of any and all Secured Claims.

Appears in 2 contracts

Sources: Secondary Interest Pledge Agreement (Kabel Deutschland GmbH), Secondary Share Pledge Agreement (Kabel Deutschland GmbH)

Related Clauses

  • Possession and Use of Collateral
  • Rights and Remedies of the Collateral Agent
  • Assignment of Collateral
  • Location of the Collateral
  • Inspection of Collateral

Parent Clauses

  • Pledges Assignments and Security Purpose
  • Data Custody Agent Services B
  • NOTIFICATION
  • AMENDMENTS TO THE CREDIT AGREEMENT
  • GOVERNING LAW; JURISDICTION
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