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08:39 May 1, 2008
English to Chinese translations [PRO] Bus/Financial - Finance (general)
English term or phrase:covering
This Cession constitutes a first ranking and continuing covering security to the Lender in respect of the Secured Obligations, shall remain in force notwithstanding any fluctuation or temporary extinction of the Secured Obligations, and may be enforced at any time or times, and from time to time, by the Lender without notification to the Borrower after the Lender has exercised its rights under clause 20.2.1 of the Facility Letter.