Examples of Charged Assets in a sentence
CIMB Singapore reserves the right to place a price and/or volume cap over any Charged Assets given as collateral.
CIMB Singapore thus reserves the right to assign a value (which may be less than the market value) to any Charged Assets for the purposes of determining the sufficiency of any security, and/or to disregard in whole (or in part) the value of any particular component of the Charged Assets in excess of a value determined by CIMB Singapore.
The borrower undertakes to, and acknowledges and agrees that it must, at all times maintain the Aggregate Collateral Value of the Charged Assets at a level above or equal to the Equivalent Amount of the Facility Outstandings (as conclusively determined by CIMB Singapore in its sole and absolute discretion).
The borrower shall ensure that all the Charged Assets shall be free from encumbrances.