Secured Contract definition

Secured Contract means the Shipbuilding Contract, including without limitation the Warranties. "Secured Liabilities" means all liabilities which:
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Secured Contract means Credit Contract No. 81/01/LCD, which the Bank and the Client concluded on October 5, 2001 and on the basis of which the Bank undertook to grant the Client a credit in the amount of 249 764 513.28 CZK (two hundred and forty nine million seven hundred and sixty four thousand five hundred and thirteen Czech Crowns and twenty eight Hallers) under the conditions stipulated there.
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Examples of Secured Contract in a sentence

  • Any expenses incurred by the Servicer in connection with the foregoing or in connection with its recordation of assignments in preparation for a foreclosure on a Land Secured Contract shall constitute Liquidation Expenses.

  • The Contract Documents for each Land Secured Contract are required to contain evidence that the Seller has record title to the Real Property underlying such Land Secured Contract.

  • Notwithstanding anything in this agreement to the contrary, all Contracts, as defined in the Agreement, purchased by Highlands shall be the sole and exclusive property of Highlands and Highlands shall not be subject to the obligations of secured creditors in relation thereto unless and until Client repurchases the Contracts purchased by Highlands, in which case the Purchased Contract shall become a Secured Contract.

  • At Highlands' election, any contract offered to Highlands by Client, but not purchased by Highlands (a "Secured Contract") shall be serviced by Highlands in accordance with the fees and terms of its Servicing Agreement and Highlands shall have a secured interest in such Contracts and the proceeds thereof securing to Highlands the payment of all obligations of Client under this Agreement.

  • Notwithstanding the purchase of any Contract or the pledge of any Secured Contract, Client shall remain liable for all Client Duties under any Contract and shall indemnify and hold Highlands harmless from any liability arising therefrom.

  • Payments and chooses in action due under or associated with each Secured Contract 5.

  • The Contract Documents for each Land Secured Contract are required to contain evidence that the Seller is Mortgages of record with respect to each Mortgage to the Real Property underlying such Land Secured Contract.

  • Servicing shall include but not be limited to the exclusive right, but not the obligation, to send statements to Obligors, receive payments due under the Contract, disperse payments received, charge a servicing fee, notify Obligors of a default, and enforce any right under the Contract on behalf of Highlands or if a Secured Contract, on behalf of client or Highlands.

  • Nothing herein shall require that Highlands service any contract of Client other than Secured Contracts or any contract used to replace a Secured Contract or a replacement of a Secured Contract or replacement of a Contract.

  • Unless otherwise provided in the Pooling and Servicing Agreement, neither a Mortgage Loan nor a Contract that is not a Land Secured Contract may be substituted with a Land Secured Contract.