Common use of Borrower's Security Documents Clause in Contracts

Borrower's Security Documents. (a) The Earnings Account Charge executed by the Borrower in favour of the Security Agent in the form as set out in Exhibit D in respect of the Earnings Account. (b) The Pledge of Shares in respect of all shares of each Owner executed by the Borrower in favour of the Security Agent substantially in the form set out in Exhibit E and the security of which shall be perfected as set out therein.

Appears in 1 contract

Sources: Amendment Agreement (Ship Finance International LTD)

Borrower's Security Documents. (a) The Earnings Account Charge executed by the Borrower in favour of the Security Agent in the form as set out in Exhibit D in respect of the Earnings Account. (b) The the Pledge of Shares in respect of all shares of each Owner executed by the Borrower in favour of the Security Agent substantially in the form set out in Exhibit E and the security of which shall be perfected as set out therein.

Appears in 1 contract

Sources: Term Loan Facility Agreement (Ship Finance International LTD)