Common use of The Security Clause in Contracts

The Security. The Issuer undertakes and confirms to create and perfect, and cause to be created and perfected, the Security over the Secured Property, including the Encumbered Assets, in favour of the Debenture Trustee for the benefit of the Debenture Holders. All such Security and all other assets transferred/ handed over to the Debenture Trustee pursuant to the terms of the Debenture Documents shall form part of the Trust property. The Debenture Trustee shall hold the Security for the benefit of the Debenture Holders in accordance with the terms hereof for due payment and discharge of the Amounts Due in accordance with this Deed and the other Debenture Documents.