English to French Law/Patents Law: Contract(s) Loan

"Securities" means, jointly:

(a) The Sole Shareholder's Share Pledge;
(b) The Borrower's Share Pledge; (c) the Company's Share Pledge;
(d) The Shareholder Loans' Pledge; and
(e) The Credit Rights' Pledge.
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' Shareholder Loans' Pledge" means the first ranking pledge which is granted on this date in favour of the Lender by the Borrower over the credit rights deriving from any and all shareholder loans granted to the Company