Common use of No Security Clause in Contracts

No Security. This clause 15 gives to the Lender a contractual right of set-off only and does not create any equitable charge or other Security over any credit balance of the Borrower.

Appears in 9 contracts

Sources: Oxbury Transition Facility Agreement, Oxbury Warrendale Wagyu Beef Scheme Account General Terms and Conditions, Oxbury Meadow Quality Beef Scheme Account General Terms and Conditions

No Security. This clause 15 16 (Set-off) gives to the Lender a contractual right of set-off only only, and does not create any equitable charge or other Security over any credit balance of the Borrower.

Appears in 6 contracts

Sources: Term Loan Agreement, Term Loan Agreement, Term Loan Agreement

No Security. This clause 15 (Set-off) gives to the Lender a contractual right of set-off only and does not create any equitable charge or other Security over any credit balance of the Borrower.

Appears in 5 contracts

Sources: Facility Agreement, Facility Agreement, Oxbury Farm Credit Account General Terms and Conditions

No Security. This clause 15 16 gives to the Lender a contractual right of set-off only only, and does not create any equitable charge or other Security over any credit balance of the Borrower.

Appears in 4 contracts

Sources: Oxbury Pullet Finance Agreement, Smallholding Mortgage Agreement, Oxbury New Gen Account General Terms and Conditions

No Security. This clause 15 14 (Set-off) gives to the Lender a contractual right of set-off only and does not create any equitable charge or other Security over any credit balance of the Borrower.

Appears in 2 contracts

Sources: Oxbury New Gen Flexi Credit Agreement, Oxbury Flexi Credit Agreement