Secured Asset definition

Secured Asset means the property on which security interest is created;

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Secured Asset means any of them and any reference to one or more of the Secured Assets includes all or any part of it or each of them.

Secured Asset means any asset the subject of a Security, as specified in the Loan Agreement as property over which the Trustee has or will have security, whether Land or Goods; Secured Moneys means all moneys, including the initial unpaid balance, interest (default or otherwise), fees and charges (default or otherwise), and any other moneys that are payable by the Borrower or any Guarantor to us under the Loan Agreement, any Security or under any other agreement with us; Security means any Guarantee, every security interest and any mortgage, charge, lien or pledge granted by a Borrower or Guarantor in favour of the Trustee; Service means the peer-to-peer lending service which Lending Crowd provides through the Website; Settlement, in relation to a Loan, means:

Examples of Secured Asset in a sentence

• Permit the aggregate principal amount of the Loans to be greater than 55% of the Adjusted Secured Asset Portfolio Value, as of the last day of any calendar month as reflected in the Borrowing Base Certificate for the relevant calendar month.

• There are no acts, omissions, events, state of facts or circumstances of which Borrower or each Secured Asset is aware, after reasonable inquiry, which may be expected to prevent any of them being in full compliance with any Environmental Laws.

• The Borrower shall deliver to the Lender the financial statements of each Secured Asset Entity for each Financial Year, as soon as the same become available, but in any event the Borrower shall use it best endeavours to procure that such financial statements are delivered to the Lender within 90 business days after the end of each of the Financial Years of each Secured Asset Entity.

• A Receiver may take immediate possession of, get in and realise any Secured Asset.

• Require the Credited Party to re-evaluate the Secured Asset with allocation of expenses related to the re-evaluation to the latter.

More Definitions of Secured Asset

Secured Asset means any:

Secured Asset means each secured asset specified in the key information statement.

Secured Asset means the assets used as secured assets to secure the performance of the Payment Obligations under the Security Agreement.

Secured Asset is the asset over which the loan facility is secured.

Secured Asset means the property on which security interest is created; (zd) "secured creditor" means any bank or financial institution or any consortium

Secured Asset means any asset which is secured to the Bank under any Security Document.

Secured Asset mean and includes both primary security (asset which was purchased out of the funds advanced by the Lender, whether lien marked or not) and the collateral security offered for the loan with all subsequent developments, additions and improvements to it till the settlement of the loan along with insurance policies taken to protect the Lender, ▇▇▇▇▇▇▇▇’s interests whether under this Agreement or any other subsequent agreement(s).