Common use of Payment and Security Clause in Contracts

Payment and Security. The Security Trustee or the Receiver may retain and pay out of any money in the hands of the Security Trustee or the Receiver all sums necessary to effect the indemnity contained in this Clause and all sums payable by the Mortgagor under this Clause shall form part of the monies hereby secured.

Payment and Security. The Security Trustee or the Receiver may retain and pay out of any money in the hands of the Security Trustee or the Receiver all sums necessary to effect the indemnity contained in this Clause and all [Group Subordination Deed] sums payable by the Mortgagor Subordinated Lender under this Clause shall form part of the monies hereby secured.