Common use of borrowings and security Clause in Contracts

borrowings and security. (1) to raise or borrow any money, in its name or the name or on behalf of the Grantor, from the Secured Party or any person approved by the Secured Party in writing; and (2) to secure money raised or borrowed under clause 6.3(g)(1) by an Encumbrance over any of the Secured Property, ranking in priority to, equal with, or after, the Security or any Collateral Security;

Appears in 2 contracts

Samples: General Security Agreement (Discovery Energy Corp.), General Security Agreement (Discovery Energy Corp.)

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borrowings and security. (1) to raise or borrow any money, in its name or the name name, or on behalf of the Grantor, from the Secured Party or any person approved by the Secured Party in writing; and (2) to secure money raised or borrowed under clause 6.3(g)(17.3(e)(1) by an Encumbrance over any of the Secured Mortgaged Property, ranking in priority to, equal with, or after, the Security Mortgage or any Collateral Security;

Appears in 2 contracts

Samples: Specific Security Agreement (Shares) (Discovery Energy Corp.), Specific Security Agreement (Shares) (Discovery Energy Corp.)

borrowings and security. (1) to raise or borrow any money, in its name or the name or on behalf of the Grantor, from the Secured Party Security Trustee or any person approved by the Secured Party Security Trustee in writing; and and (2) to secure money raised or borrowed under clause 6.3(g)(17.3(g)(1) by an Encumbrance a Security Interest over any of the Secured Property, ranking in priority to, equal with, or after, the Security or any Collateral Security;

Appears in 1 contract

Samples: Security Agreement (Legend International Holdings Inc)

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borrowings and security. (1i) to raise or borrow any money, in its name or the name or on behalf of the Grantor, from the Secured Party or any person approved by the Secured Party in writing; and (2ii) to secure money raised or borrowed under clause 6.3(g)(1Clause 7.2(e)(i) by an Encumbrance a Security Interest over any of the Secured Property, ranking in priority to, equal with, or after, the Security or any Collateral SecurityInterest created under this document;

Appears in 1 contract

Samples: Credit Agreement (Peabody Energy Corp)

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