Common use of Tacking Clause in Contracts

Tacking. For the purpose of applying section 282 of the Corporations Law or any equivalent provision in any jurisdiction, if the Financier is obliged to make further advances under a Relevant Agreement, that Relevant Agreement is taken to be incorporated in this document so that this document imposes on the Financier an obligation to advance that money.

Appears in 3 contracts

Sources: Stock Pledge Agreement (Sizzler International Inc), Fixed and Floating Charge (Sizzler International Inc), Fixed and Floating Charge (Sizzler International Inc)