SECURITY TO BE DELIVERED Clause Samples

SECURITY TO BE DELIVERED. As continuing collateral security for the payment and satisfaction of all Obligations to the Agent and the Lenders, each Borrower and each Guarantor shall deliver or cause to be delivered to the Agent for itself and on behalf of the Lenders all documents, financing statements, agreements and instruments, and take all such actions (including the filing and recording of financing statements, fixture filings, mortgages, deeds of trust and other documents), that may be required under any Applicable Law and that the Agent may reasonably request, all at the expense of the Obligors, including the following guarantees, collateral documents and related documents for each appropriate jurisdiction, all of which shall be in form and substance reasonably satisfactory to the Agent: (a) a general security agreement in favour of the Agent constituting an Encumbrance (subject only to Permitted Encumbrances) on all of its present and future personal Property of the Borrower; (b) a securities pledge agreement in favour of the Agent constituting an Encumbrance (subject to Permitted Encumbrances) on all Equity Interests of the Guarantor and all securities that it owns; (c) all share certificates representing all Equity Interests subject to the securities pledge agreements referred to in Section 11.02(1)(b) together with duly executed stock powers of attorney (excluding Equity Interests of Subsidiaries that are not Guarantors); (d) an intellectual property security agreement if requested by the Agent; (e) all resolutions (corporate, shareholder or otherwise) required by the Agent, acting reasonably, in connection therewith, are delivered to the Agent, and in each case customary legal opinions are delivered by Borrowers' Counsel to the Lenders, acting reasonably; (f) all certificates, agreements, documents, instruments and notes, including UCC or PPSA financing statements and control agreements, required by the Security Documents to be filed, delivered, registered or recorded to create and perfect the Encumbrances intended to be created by the Security Documents shall have been filed, registered, recorded or delivered to the Agent for filing, registration or recording; and (g) the Agent shall have received, to the extent customary and appropriate in the applicable jurisdiction as determined by the Agent in its reasonable discretion, (i) counterparts of a Mortgage with respect to each owned real property having a value in excess of US$2,000,000 duly executed and delivered by the ...

SECURITY TO BE DELIVERED. The Borrower shall deliver the following security (the "Security") duly registered where applicable, subject to the provisions of the Borrower’s CCAA protection application, and all in the form and on the terms acceptable to the Lender's solicitors:

SECURITY TO BE DELIVERED. The Borrower shall deliver the following security (the "Security") duly registered where applicable subject only to the Primary Lender's security and all in the form and on the terms acceptable to the Lender's solicitors: a) Mortgage – First mortgage in respect of the Project in the principal amount of $11,500,000 plus accrued interest secured against the Property and all improvements thereto. The mortgage will be registered at the wrap up rate of interest, which mortgage, in addition to serving as direct security for the Loan, shall also serve as collateral security for a loan by the Lender to the Borrower in respect of the Mont Palais Project. b) Collateral Security - all amounts owing under the Loan will be collaterally secured by (i) a registered assignment of the collateral second mortgage on the property known municipally as ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇, registered as Instrument as HR1041946 and (ii) the new first mortgage/charge given by the Borrower in respect of the Mont Palais Project to be registered contemporaneously in respect of a mortgage loan by the Lender to the Borrower in respect of the Mont Palais Project .

SECURITY TO BE DELIVERED. The Borrower shall deliver the following security (the "Security") duly registered where applicable, subject to the provisions of the Borrower’s CCAA protection application, and all in the form and on the terms acceptable to the Lender's solicitors: a) Mortgage – A 1st mortgage in the amount of $4,000,000 on the Coronation – WIP 1st Mortgage Project and property, specifically being Lots 6, 8, and 11. b) Subordinated Mortgages – Subordinated mortgages shall be permitted to be registered on the Project subject to approval from the Lender at its sole discretion.

SECURITY TO BE DELIVERED. The Borrower shall deliver the following security (the "Security") duly registered where applicable, and all in the form and on the terms acceptable to the Lender's solicitors: a) Mortgage – A 1st mortgage in the principal amount of $10,000,000 on the Coronation (Hush) MZGI 57 Project and property, specifically being Lots 2‐4, 7, and 12‐14.