Hypothecated Asset(s) definition

Hypothecated Asset(s) means the Receivables and/or any other asset(s) (including all the present and future interests, right and title of the Hypothecator(s) therein) hypothecated/charged or to be hypothecated/charged as Security in favour of the Lender by the Hypothecator(s) from time to time.

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Hypothecated Asset(s) means the specific identified Pool of Receivables over which charge shall be/ has been created in terms of the Deed of Hypothecation for securing the obligations of the Company in relation to the Debentures.

Hypothecated Asset(s) means all assets hypothecated to the Bank including book debts and securities, fixed assets, goods and assets and all moveable properties and vehicles, plant and machineries.

Examples of Hypothecated Asset(s) in a sentence

• The Borrower shall cause the Hypothecator(s) to promptly submit with IHFL (if so requested by IHFL) all the original documents of the Hypothecated Asset(s) duly endorsing the lien/hypothecation in favour of IHFL.

• The Borrower shall cause the Hypothecator(s) and the Hypothecator(s) shall agree, to the satisfaction of IHFL, to hypothecate, encumber, charge, pledge and/or assign (by way of Security) the Hypothecated Asset(s) exclusively in favour of IHFL.

• To take all such steps as may be required for the recovery of any of the Hypothecated Assets, including the institution of any claim, suit, petition or other legal process and the signing and execution of all necessary vakalatnamas and documents for the said purpose and the compromising or settlement of such suit or action.

• Accordingly, the vehicle/Hypothecated Asset(s) has since been purchased and registered with the appropriate authority, we do hereby submit the detailed particulars of the vehicle(s) being the Hypothecated Asset(s) hereunder.

• Accordingly, the Tractor/Hypothecated Asset(s) has since been purchased and registered with the appropriate authority, we do hereby submit the detailed particulars of the Tractor(s) being the Hypothecated Asset(s) hereunder.

• The Borrower(s) shall cause the Hypothecator(s) and the Hypothecator(s) shall agree, to the satisfaction of the Lender, to hypothecate, encumber, charge, pledge and/or assign (by way of Security) the Hypothecated Asset(s) exclusively in favour of the Lender.

• The Borrower acknowledge their full understanding about the amortization details such as interest rate ,number of installments, due dates and amounts in respect of the installments are specified in the Schedule III hereto along with details of the Hypothecated Assets as specified in the Schedule II hereto on which further charge has been created by these presents.

• The Borrower/Co-Borrower(s) shall execute on demand by the Bank such further documents as may be required by the Bank to perfect the Security and/or vest the Hypothecated Assets or any of them in favour of the Bank and to render the same readily realizable or transferable by the Bank at any time.

• The Borrower/Co-Borrower(s) shall punctually pay all rents, taxes, outgoing and other charges in respect of the premises in which the Hypothecated Assets are parked or kept.

• The Borrower shall punctually pay all rents, taxes, outgoing and other charges in respect of the premises in which the Hypothecated Assets is/are parked or kept.

More Definitions of Hypothecated Asset(s)

Hypothecated Asset(s) shall have the meaning ascribed to the term in Article 4.1 of this Agreement.

Hypothecated Asset(s) means the Account Assets and the Receivables which are secured by the Company on a first ranking sole and exclusive basis pursuant to the relevant Security Documents.

Hypothecated Asset(s) has the meaning given to it in the Deed of Hypothecation.

Hypothecated Asset(s) means, collectively, the Hypothecated Assets (Company) and the Hypothecated Assets (SPV).

Hypothecated Asset(s) has the meaning assigned to the term in the Deed of Hypothecation; (aa) “IBC” has the meaning assigned to the term in Clause 8.2(n) hereof;