Common use of Required Security Clause in Contracts

Required Security. As security for the Loan the Borrower will timely execute, and deliver, or cause to be executed and delivered, to the Lender a share pledge agreement in the form attached hereto as Schedule B, pursuant to which the Borrower will pledge to the Lender 100% of the issued and outstanding shares in the capital of Falls Mountain Coal Inc. (the "Security").

Appears in 2 contracts

Sources: Loan Agreement (Pine Valley Mining Corp), Loan Agreement (Pine Valley Mining Corp)