Definition of BMO Security

BMO Security means the $28,750 cash collateral guaranteed investment certificate pledged by the Borrower as security to BMO to secure the advances made pursuant to the BMO Mastercard;

Examples of BMO Security in a sentence

As provided in the Financing Order, the Borrower and each Guarantor approves and confirms the Pre-Petition BMO Collateral, and acknowledges and agrees that the Pre-Petition BMO Agent and the Pre-Petition BMO Lenders each hold valid and enforceable, nonavoidable, perfected and senior Liens in and to the collateral more particularly set forth in the Pre-Petition BMO Security Documents and as summarized in the Interim Financing Order.