Common use of Borrow and Encumber Clause in Contracts

Borrow and Encumber. To borrow money for any Trust purpose upon such terms and conditions as may be determined by the Trustee; to obligate the Trust or any part thereof by mortgage, deed of trust, pledge or otherwise, for a term within or extending beyond the term of the Trust.

Appears in 13 contracts

Samples: Trust Agreement (General Mills Inc), Trust Agreement (General Mills Inc), Deferred Stock Trust Agreement (Banctrust Financial Group Inc)

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Borrow and Encumber. To borrow money for any Trust purpose upon such terms and conditions as may be determined by the Trustee; to obligate the Trust or any part thereof by mortgage, deed of trust, pledge or otherwise, for a term within or extending beyond the term of the Trust.. (d)

Appears in 4 contracts

Samples: Deferred Stock Trust Agreement (Savannah Electric & Power Co), Compensation Trust Agreement (Savannah Electric & Power Co), Compensation Trust Agreement (Savannah Electric & Power Co)

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