Ipc Information Systems

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IN FAVOUR OF THE CHARGEE ANY AND ALL OF THE PRESENT OR FUTURE, ACTUAL OR CONTING ENT LIABILITIES OF IPC UK HOLDINGS LIMIT ED TO IPC FUNDING CORP, AND ANY SUCCESSO R, TRANSFREE OR ASSIGNEE AS LENDER UNDER ANY OF THE SPECIFIED INTERCOMPANY NOTES EXECUTED BY ANY OF THE SPECIFIED SUBSID IARIES AS SUCH TERMS ARE DEFINED IN THE CREDIT AGREEMENT (AS DEFINED) (THE "SECU RED PARTY") ARISING UNDER THE LOAN DOCUM ENTS AS DEFINED IN THE AMENDED AND RESTA TED CREDIT AGREEMENT DATED 21ST JUNE 199 9 MADE BETWEEN IPC INFORMATION SYSTEMS, INC., IPC FUNDING CORP., IPC COMMUNICATI ONS, INC. AND THE LENDER PARTIES THERETO (THE "CREDIT AGREEMENT") TO WHICH IT IS A PARTY, WHETHER FOR PRINCIPAL, INTERES T, FEES, EXPENSES OR OTHERWISE (THE "SEC URED OBLIGATIONS")

IN FAVOUR OF GENERAL ELECTRIC CAPITAL CO RPORATION, IN ITS CAPACITY AS ADMINISTRA TIVE AGENT FOR THE SECURED PARTY (THE "A DMINISTRATIVE AGENT") ANY AND ALL OBLIGA TIONS OF IPC UK SPC LIMITED (THE "CHARGO R") TO IPC FUNDING CORP., AND ANY SUCCES SOR, TRANSFEREE OR ASSIGNEE AS LENDER UN DER ANY OF THE SPECIFIED INTERCOMPANY NO TES EXECUTED BY ANY OF THE SPECIFIED SUB SIDIARIES (AS SUCH TERMS ARE DEFINED IN THE CREDIT AGREEMENT (AS DEFINED BELOW)) (THE "SECURED PARTY") ARISING UNDER THE LOAN DOCUMENTS (AS DEFINED IN THE AMEND ED AND RESTATED CREDIT AGREEMENT DATED J UNE 21, 1999 MADE BETWEEN IPC INFORMATIO N SYSTEMS, INC., IPC FUNDING CORP., IPC COMMUNICATIONS, INC., AND THE LENDER PAR TIES THERETO (THE "CREDIT AGREEMENT") TO WHICH IT IS A PARTY, WHETHER FOR PRINCI PAL, INTEREST, FEES, EXPENSES OR OTHERWI SE (THE "SECURED OBLIGATIONS")

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All monies

All monies