Common use of Secured Financing Clause in Contracts

Secured Financing. The Borrower shall ensure that it is a term of any Secured Financing that at any time after a declaration by the Agent under clause 16.2

Secured Financing. (a) The Borrower shall ensure that it is a term of any Secured Financing that at any time after a declaration by the Agent under clause 16.2Clause 21.2 (a) all moneys owing under that Secured Financing (whether actually or contingently) will be immediately due and payable upon written request by the Agent (acting on the instructions of the Majority Lenders) to the Beneficiary. (b) The Secured Financing must be on terms and conditions acceptable to the Agent.