Common use of Share Collateral Clause in Contracts

Share Collateral. (a) The Chargor has good, valid and marketable title to all the Share Collateral and acquired all such Share Collateral in a lawful manner and all such Share Collateral are: (i) fully paid; (ii) freely and fully transferable; (iii) free from any Security Interests and any other rights or interests in favour of third parties, except in the Investor’s or its nominee’s favour, or any lien or set-off arrangement as may be set out in the Custody Agreement; (iv) not subject to any pre-emption, option to purchase or similar rights. (b) None of the constitutional documents of the Chargor or any agreement or arrangement binding on the Chargor restricts or inhibits the creation of any Security Interests under this Deed. (c) The Chargor is the sole beneficial owner of the Security Assets over which it grants or purports to grant any Security Interests under this Deed. (d) There are no outstanding and unpaid payment obligations in relation to the Security Assets to any Clearance System or custodian (including the Custodian).

Share Collateral. (a) The Subject to the terms in the Custody Agreement, the Chargor has good, valid and marketable title to all the Share Collateral and acquired all such Share Collateral in a lawful manner and all such Share Collateral are: (i) fully paid; (ii) freely and fully transferable; (iii) free from any Security Interests (except for those created by or under this Deed) and any other rights or interests in favour of third parties, except in the Investor’s or its nominee’s favour, or any lien or set-off arrangement as may be set out in the Custody Agreement;; and (iv) not subject to any pre-emption, option to purchase or similar rights. (b) None of the constitutional documents of the Chargor or any agreement or arrangement binding on the Chargor restricts or inhibits the creation of any Security Interests under this Deed. (c) The Chargor is the sole beneficial owner of the Security Assets over which it grants or purports to grant any Security Interests under this Deed. (d) There are no outstanding and unpaid payment obligations in relation to the Security Assets to any Clearance System or custodian (including the Custodian).