Collateral and Guarantee Sample Clauses

Collateral and Guarantee. This is an unsecured loan.

Collateral and Guarantee. This Credit Facility is not secured by any special collateral in the form of any object or income or other asset of the DEBTOR in any manner whatsoever, and is not guaranteed by any party. However, in compliance with Articles 1131 and 1132 of the Code of Civil Law, all assets of the DEBTOR, that are both movable and immovable, have existed and will do so in the future, except for the assets of the DEBTOR that have been specifically put as security to the creditors, shall constitute general collateral against all of the DEBTOR’s debts to other parties neither specifically secured nor privileged, including this Credit Facility on a pari passu basis.

Collateral and Guarantee. This Credit Facility is not secured by any special collateral in the form of object or income or other assets of the Debtor in any manner whatsoever, and is not guaranteed by any party. However, in line with Article 1131 and 1132 of the Indonesian Civil Code, all assets of the Debtor, whether movable or immovable, existing or to be acquired hereafter, except for assets of the Debtor which are specifically encumbered as security for the benefit of its creditors under the Permitted Collateral and Guarantee, shall constitute a general collateral for any of the Debtor’s indebtedness to parties that have not been specifically secured or of a privileged nature, including this Credit Facility on a paripassu basis.

Collateral and Guarantee facilitate the pledging of collateral or guarantees (which shall be effective only at or after the Closing) as reasonably requested by Buyer; and

Collateral and Guarantee. THE LOAN will have the following collateral and guarantees: a. Guaranteed first lien in favor of DORAL and a first priority security interest in favor of DORAL over mortgage promissory note (hereafter the “MORTGAGE PROMISSORY NOTE OF $2,025,000”) to the order of DORAL, issued by GARROCHALES, for the principal amount of TWO MILLION TWENTY FIVE THOUSAND DOLLARS ($2,025,000), guaranteed with a first mortgage (hereafter MORTGAGE OF $2,025,000) over PROPERTY 1, constituted by deed number thirty three (33), granted in San J▇▇▇, Puerto Rico, the fourteenth (14) of June of two thousand five, (2005), before the notary public F▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇. b. Guaranteed first lien in favor of DORAL and a first priority security interest in favor of DORAL over mortgage promissory note (hereafter the “MORTGAGE PROMISSORY NOTE OF $475,000”) to the order of DORAL, issued by GARROCHALES, for the principal amount of FOUR HUNDRED SEVENTY FIVE THOUSAND DOLLARS ($475,000), guaranteed with a first mortgage (hereafter MORTGAGE OF $475,000) over PROPERTY 2, constituted by deed number thirty three (34), granted in San J▇▇▇, Puerto Rico, the fourteenth (14) of June of two thousand five, (2005), before the notary public F▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇. c. Guaranteed first lien in favor of DORAL and a first priority security interest in favor of DORAL over mortgage promissory note (hereafter the “MORTGAGE PROMISSORY NOTE OF $500,000”) to the order of DORAL, issued by GARROCHALES, for the principal amount of FIVE HUNDRED FIVE THOUSAND DOLLARS ($500,000), guaranteed with a first mortgage (hereafter MORTGAGE OF $500,000) over PROPERTY 3, constituted by deed number three (3), granted in San J▇▇▇, Puerto Rico, the twenty fifth (25) of January of two thousand two, (2002), before the notary public R▇▇▇▇▇▇ ▇▇▇▇▇▇ Fontán. d. Guaranteed first lien in favor of DORAL and a first priority security interest in favor of DORAL over mortgage promissory note (hereafter the “MORTGAGE PROMISSORY NOTE OF $450,000”) to the order of DORAL, issued by M▇▇▇▇, for the principal amount of FOUR HUNDRED FIFTY THOUSAND DOLLARS ($450,000), guaranteed with a first mortgage (hereafter MORTGAGE OF $450,000) over PROPERTY 4. e. Guaranteed first lien in favor of DORAL and a first priority security interest in favor of DORAL over promissory note (hereafter the “PROMISSORY NOTE OF $3,000,000”) to the order of the GUARANTORS (as this term is defined below in this agreement), issued by the DEBTOR, for the principal amount of TREE MILLI...

Collateral and Guarantee. THE LOAN will have the following collateral and guarantees: a. Guaranteed first lien in favor of DORAL and a first priority security interest in favor of DORAL over the equipment described in Addendum II to this Agreement (hereafter, the “EQUIPMENT”), and a pledge in favor of DORAL of the proceeds received by the DEBTOR, or to which the DEBTOR is entitled to receive, from the sale, lease and/or taking of all or part of the EQUIPMENT, up to a maximum of FOUR HUNDRED EIGHTY-SIX THOUSAND DOLLARS ($486,000) (hereinafter, the “EQUIPMENT SECURITY INTEREST”).

Collateral and Guarantee