Common use of Third Party Right Clause in Contracts

Third Party Right. “Third Party Right” shall mean any interest or equity of any person (including any right to acquire, option or right of pre emption or conversion or similar rights or agreements) or any mortgage, charge, pledge, lien, assignment, hypothecation, security interest, title retention, right of set off, trust arrangement for the purpose of providing security or any other security agreement or arrangement of any kind, or any agreement to create any of the above.

Appears in 2 contracts

Sources: Contribution Agreement (Smithfield Foods Inc), Contribution Agreement (Smithfield Foods Inc)