Secured Moneys Clause Samples
The 'Secured Moneys' clause defines the total amount of debt or obligations that are protected or covered by a security interest under an agreement. This typically includes not only the principal amount borrowed but also any interest, fees, costs, or other amounts that may become payable by the borrower. For example, if a borrower defaults, the secured party can claim repayment of all such amounts from the secured assets. The core function of this clause is to clearly specify the scope of financial obligations that are secured, thereby reducing ambiguity and ensuring that all relevant amounts are covered by the security arrangement.
Secured Moneys. The Trustee acknowledges that the Transaction Documents may be varied or replaced from time to time. The Trustee confirms that the Secured Money includes any amount payable under any Transaction Document as varied or replaced. The Trustee confirms that this applies regardless of:
(i) how the Transaction Document is varied or replaced; and
(ii) the reasons for the variation or replacement; and
(iii) whether the Secured Money decreases or increases or the Transaction Document is otherwise more onerous as a result of the variation or replacement. The Manager undertakes for the benefit of the Trustee and the Security Trustee that it will take all action which may be reasonably taken, if the Secured Money is so increased, to make all filings required to ensure the efficacy of the Charge as security for those Secured Moneys is maintained (and the Trustee and the Security Trustee undertake to provide all assistance reasonably required by the Manager to ensure the Manager can comply with the foregoing undertaking).
Secured Moneys. All moneys the payment or repayment of which from time to time form part of the Obligations.
Secured Moneys third in payment to the security holder of all the secured moneys; and
Secured Moneys