Examples of Security Interest in a sentence
That on receipt of the balance amount of the bid tendered, the Auctioneer will issue Sale Certificate under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with Rules 9(6) of the Security Interest (Enforcement) Rules, 2002.
The parties understand that Bennington State Bank, Bennington, Kansas currently has a Mortgage and Security Interest upon the leasehold interest owned by Liberty and its related entities and that such Mortgage will be satisfied and released and all security interests will be terminated as part of the closing hereof using a portion of the Purchase Price.
As and when required by us you shall, at your own expense, provide all reasonable assistance and relevant information to enable us to register a Financing Statement or a Financing Change Statement and generally to obtain, maintain, register and enforce our Security Interest in respect of the goods supplied, in accordance with the Personal Property Securities Act 2009 (“PPSA”).
For Signature of Annexure - II DRAFT SALE CERTIFICATE(For Immovable Property)(As per Appendix V read with Rule 9(6) of the Security Interest (Enforcement) Rules, 2002)Whereas, The undersigned being the Authorised Officer of Axis Bank Ltd.
Other than as set forth in Schedule 5.19, each License is held by a Loan Party or a wholly-owned, Domestic Subsidiary of a Loan Party whose Equity Interests are subject to a Prior Security Interest in favor of the Administrative Agent, on behalf of itself and the other Secured Parties, pursuant to the Security Agreement.