Examples of Security Documents in a sentence
All loans granted to the Borrower by its directors, shareholders, holding companies, subsidiaries or otherwise shall be subordinated to the Facilities and the Security Documents and a deed of subordination must be executed by the aforesaid parties.
The Borrower hereby authorises the Lender to apply (without prior notice) any credit balance (whether or not then due) to which it is at any time beneficially entitled on any account at any of its offices in or towards satisfaction of any sum then due from it to the Lender under this Agreement or the Security Documents and unpaid.
The Borrower and each Guarantor Subsidiary hereby ratifies, approves and confirms in every respect all the terms, provisions, conditions and obligations of the Loan Documents (including, without limitation, all Security Documents) to which it is a party.
Any person dealing with the Lender or the Receiver shall not be concerned to enquire whether any event has happened upon which any of the powers contained in this Agreement and/or the Security Documents are or may be exercisable by the Lender or otherwise as to the propriety or regularity of any exercise thereof or of any act purporting or intended to be an exercise thereof or whether any money remains owing upon this Agreement.
The Borrower shall punctually pay all amounts due owing or outstanding under the Facilities on the due date or dates thereof and in accordance with the provisions of this Agreement ,the Security Documents and the Sale and Purchase Agreement.