Security for the Loan Sample Clauses

Security for the Loan. The Loan will be evidenced, secured and guaranteed by the Loan Documents.

Security for the Loan. The Notes and each Borrower’s obligations hereunder and under the other Loan Documents shall be secured by all Mortgages, the Assignments of Leases, the Assignments of Agreements, the Manager’s Subordinations, and the security interests and Liens granted in this Agreement and in the other Loan Documents.

Security for the Loan. The Note and Borrower’s obligations hereunder and under all other Loan Documents shall be secured by (a) Liens upon the Mortgaged Property pursuant to the Mortgages, (b) the Contract Assignment, (c) the Manager’s Subordination, (d) the Assignment of Rents and Leases, and all other security interests and Liens granted in this Agreement and in the other Loan Documents.

Security for the Loan. Security of the loan would be the first equitable/ registered mortgage of the Property that is being financed (the details whereof are set out in the Loan Documents) and/ or any other collateral security, unless otherwise specially approved by the Company. Collateral or interim security could be Fixed Deposits and/ or Life Insurance policies and/ or Guarantee from sound & solvent individuals and/ or pledge of shares and/ or any other such investment that may be acceptable to the Company. The Borrower shall produce such original/copy of title deeds, documents, reports as may be required by Company. The Borrower shall bear all the charges payable for the creation of said security and shall take all the steps required for the perfection thereof. The plan for the construction of the Property offered as Security shall be approved by the competent authority and the same shall not be violated by the Borrower or any other person at any point of time during the currency of the Loan.

Security for the Loan i. The Security for the Loan would generally be security interest on the Property being financed and/ or any other collateral/ interim security as may be required by PNBHFL. The Security may, inter alia, include guarantee, hypothecation, mortgage, pledge and any other form of security as deemed fit by PNBHFL. ii. The Loan shall be secured by first and exclusive charge in favour of PNBHFL on the Property offered as collateral security (the details whereof are set out in the Loan Documents) which shall have a clear, marketable and unencumbered title. The Borrower(s) shall produce such original/copy of title deeds, documents, reports as may be required by PNBHFL. The Borrower(s) shall bear all the charges payable for the creation of said security and shall take all the steps required for the perfection thereof, as may be required by PNBHFL. The plan for the construction of the Property offered as Security shall be approved by the competent authority and the same shall not be violated by the Borrower(s) or any other person at any point of time during the currency of the Loan. iii. The Borrower(s)/Security Provider shall cause the charges created under the Loan Documents to be registered with the Registrar of Companies in accordance with the Companies Act, 2013 (if required) and rules framed thereunder, CERSAI or under such other applicable Law as may be applicable, within the prescribed time and furnish the certificate of registration to PNBHFL. iv. The Borrower(s)/Security Provider shall, if required, provide additional security to secure the Loan acceptable to PNBHFL which shall be clear, marketable, unencumbered and non- agricultural property up to Security Cover as specified under the Loan Documents or by PNBHFL at their sole discretion. v. The Borrower(s) acknowledges, agrees and confirms that in case Security, rights and title purported to be created thereby are jeopardized or endangered in any manner whatsoever, the same shall not result in automatic release of charge by way of mortgage over the Property. The Xxxxxxxx(s) agrees and undertakes that in case of any such eventuality (as described above), the Borrower(s) shall provide replacement security of equivalent value to that of the Property to secure the Loan.

Security for the Loan i. Mortgage of Prime security (Full description & Address of property) ii. Guarantee (Name of the guarantors with parentage) iii. Other security (Full description & Address of property of other collateral securities, if any)

Security for the Loan. 6.1 The security(ies) for this Contract shall be Item [2] as below. (1) Guarantee (2) Mortgage (3) Pledge (4) Standby Letter of Credit (5) Credit Insurance

Security for the Loan. Any and all property which may hereafter be delivered to secure the Obligations shall be referred to herein as “Collateral”. As of the Closing Date the Loan is unsecured and there is no Collateral.

Security for the Loan. 3.1 The loan shall be unsecured.

Security for the Loan. The Notes and Borrower's obligations hereunder and under the other Loan Documents shall be secured by the Loan Documents.