Borrow. To borrow money upon such terms and conditions, at any time or times, and for such purposes of the Trust, as the Trustee may deem proper or desirable. For sums borrowed, the Trustee may issue promissory notes and secure the payment thereof by mortgaging or pledging all or any part of the assets of the Trust.
Appears in 2 contracts
Sources: Trust Agreement (Pacific Capital Bancorp /Ca/), Trust Agreement (Pacific Capital Bancorp /Ca/)