Joint venture agreement - can someone help me out?

Dear All,

I'm currently working on a document that was submitted by a company that wants to form a joint venture with the company I work for. Unfortunately, some expressions used in the document are a bit unlcear to me. May I ask you to help me understand them better? The underlined parts are troubling me. These in red are completely incomprehensible to me.

A joint venture formed between XYZ and ABC (hereinafter collectively referred to as "the co-venturers") vide agreement dated ____ and supplementary agreement dated _____ having its place of business at ____, in supersession of and notwithstanding anything to the contrary contained in the above mentioned agreement hereby agree to create a first ranking pari-passu charge over our movable fixed assets and current assets including the receivables arising out of the constuction works under AAA project and the accounts to be set up for collection of receivables arising out of the project for securing the Rupee Facility of 650 million Rupees availed/to be availed from the BCA Bank and other lenders together with interest, costs, charges and expenses due therto.