Common use of Charging Provision Clause in Contracts

Charging Provision. Each Obligor named in the Specific Terms or an Additional Security Schedule as a “Security Provider” grants a Security Interest in favour of the Lender over the Secured Property as security for the payment of the Secured Money and for the performance of the Secured Obligations.

Charging Provision. Each Obligor named in the Specific Terms or an Additional Security Schedule as a “Security Provider” grants a Security Interest in favour of the Lender over the Secured Property specified in the Specific Terms as security for the payment of the Secured Money and for the performance of the Secured ObligationsSecuredObligations.