Creation of additional security. If, at any time during the subsistence of this Agreement, the Bank is of the opinion that the security provided for the Facility has become inadequate to cover the Facility then outstanding, then, on the Bank advising the Borrower to that effect, the Borrower shall procure, provide and furnish to the Bank, to the satisfaction of the Bank such additional security as may be acceptable to the Bank to cover such deficiency.
Appears in 5 contracts
Samples: Credit Facility Agreement, Credit Facility Agreement, Credit Facility Agreement
Creation of additional security. If, at any time during the subsistence of this Agreement, the Bank is of the opinion that the security provided for the Facility has become inadequate to cover the Facility then outstanding, then, on the Bank advising the Borrower Pledgor/s to that effect, the Borrower Pledgor/s shall procure, provide and furnish to the Bank, to the satisfaction of the Bank such additional security as may be acceptable to the Bank to cover such deficiency.
Appears in 2 contracts
Creation of additional security. If, at any time during the subsistence of this Agreement, the Bank is of the opinion that the security provided for by the Facility Borrower has become inadequate to cover the Facility balance of the Credit Facilities then outstanding, then, on the Bank advising the Borrower to that effect, the Borrower shall procure, provide and furnish to the Bank, to the satisfaction of the Bank such additional security as may be acceptable to the Bank to of cover such deficiency.
Appears in 1 contract
Samples: Credit Facility Agreement (Caraco Pharmaceutical Laboratories LTD)
