{"version":"1.0","provider_name":"TR - Legal Insight Australia","provider_url":"https:\/\/insight.thomsonreuters.com.au\/legal","author_name":"Naomi King","author_url":"https:\/\/insight.thomsonreuters.com.au\/legal\/contributors\/naomiking","title":"Marshalling: What's Mine is Yours and What's Yours is \u2026 Mine?","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"SLCLpLJ9gt\"><a href=\"https:\/\/insight.thomsonreuters.com.au\/legal\/posts\/finance-documents-and-marshalling\">Marshalling: What&#8217;s Mine is Yours and What&#8217;s Yours is\u2026 Mine?<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/insight.thomsonreuters.com.au\/legal\/posts\/finance-documents-and-marshalling\/embed#?secret=SLCLpLJ9gt\" width=\"600\" height=\"338\" title=\"&#8220;Marshalling: What&#8217;s Mine is Yours and What&#8217;s Yours is\u2026 Mine?&#8221; &#8212; TR - Legal Insight Australia\" data-secret=\"SLCLpLJ9gt\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/insight.thomsonreuters.com.au\/legal\/wp-includes\/js\/wp-embed.min.js\n<\/script>\n","thumbnail_url":"https:\/\/insight.thomsonreuters.com.au\/legal\/wp-content\/uploads\/sites\/8\/2019\/06\/marshalling_image-1024x683.jpg","thumbnail_width":1024,"thumbnail_height":683,"description":"Finance documents will often include a provision that excludes a junior secured creditor's right of marshalling, although the reasons for doing so aren\u2019t always understood or appreciated. In this article, we discuss what marshalling is, when it's available and why we see \"no marshalling\" clauses in finance documents."}