Common use of Further Security Clause in Contracts

Further Security. At the Bank’s request, the Borrower will execute and deliver to the Bank or as the Bank shall direct such mortgages charges assignments pledges or transfers whether legal or otherwise as the Bank shall require over all or any of the Borrower’s undertaking property assets and rights both movable and immovable now belonging to or which may hereafter be acquired by or belong to the Borrower (including any vendor’s lien) to secure all moneys obligations and liabilities whatsoever hereby agreed to be paid or intended to be hereby secured; such mortgages, charges, assignments, pledges or transfer to be prepared by or on behalf of the Bank and to contain such terms and provisions as the Bank may require. All expenses, fees and charges incurred in the preparation of the above documents shall be borne by the Borrower.

Further Security. At the Bank’s request, the Borrower will execute and deliver to the Bank or as the Bank shall direct such mortgages charges assignments mortgages, charges, assignments, pledges or transfers whether legal or otherwise as the Bank shall require over all or any of the Borrower’s undertaking property assets and rights both movable and immovable now belonging to or which may hereafter be acquired by or belong to the Borrower (including any vendor’s 's lien) to secure all moneys moneys, obligations and liabilities whatsoever hereby agreed to be paid or intended to be hereby secured; such mortgages, charges, assignments, pledges or transfer transfers to be prepared by or on behalf of the Bank and to contain such terms and provisions as the Bank may require. All expenses, fees and charges incurred in the preparation of the above documents shall be borne by the Borrower.