Common use of COLLATERAL SECURITIES Clause in Contracts

COLLATERAL SECURITIES. 20.1 This Agreement shall be collateral with any other document or Securities given by any person whomsoever to secure the Advance or any part thereof and with all documents which evidence the terms of any loans credits advances and other financial accommodation and shall also be collateral with all documents expressed to be collateral herewith, and all such documents shall be read and construed together so that a default under any one such document or Security shall constitute a default under all, but so that the Credit Union may at its option exercise its rights powers and remedies thereunder and hereunder either together or separately and in such order as it deems fit.

Appears in 3 contracts

Samples: Easy Home Loan Facility Agreement, Home Loan Facility Agreement, Home Loan Facility Agreement

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COLLATERAL SECURITIES. 20.1 19.1 This Agreement contract shall be collateral with any other document or Securities given by any person whomsoever to secure the Advance or any part thereof and with all documents which evidence the terms of any loans credits advances and other financial accommodation and shall also be collateral with all documents expressed to be collateral herewith, and all such documents shall be read and construed together so that a default under any one such document or Security security shall constitute a default under all, but so that the Credit Union Creditor may at its option exercise its rights powers and remedies thereunder there under and hereunder either together or separately and in such order as it deems fit.

Appears in 1 contract

Samples: Loan Contract

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COLLATERAL SECURITIES. 20.1 21.1 This Agreement shall be collateral with any other document or Securities given by any person whomsoever to secure the Advance or any part thereof Member’s obligations and with all documents which evidence the terms of any loans credits loans, credits, advances and other financial accommodation and shall also be collateral with all documents expressed to be collateral herewith, and all such documents shall be read and construed together so that a default under any one such document or Security shall constitute a default under all, but so that the Credit Union may at its option exercise its rights powers and remedies thereunder and hereunder either together or separately and in such order as it deems fit.

Appears in 1 contract

Samples: First Home Together Facility Agreement

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