Collateral Security and Guarantees Sample Clauses
The 'Collateral Security and Guarantees' clause establishes the requirement for a borrower or obligor to provide additional security or third-party guarantees to support their obligations under an agreement. This may involve pledging assets such as property, equipment, or accounts receivable as collateral, or arranging for a guarantor to promise payment if the primary party defaults. By doing so, the clause reduces the lender's risk by ensuring there are tangible assets or commitments available to recover losses in the event of non-payment or breach, thereby enhancing the overall security of the transaction.
Collateral Security and Guarantees. 112 7.1. Security of Borrowers...................................................................... 112 7.2. Guaranties and Security of Subsidiaries.................................................... 113 7.3. Guaranty by the Company of the Obligations................................................. 113 7.3.1. Guaranty.......................................................................... 113 7.3.2.
Collateral Security and Guarantees. 15.1 As security for payment of the Rentals and payment of any other amount the Lessee may be obliged to pay, and as security for vacation of the Leased Premises by the Lessee and return of possession of the Leased Premises to the Lessor in accordance with the provisions of this Contract, and as security for all the Lessee’s remaining obligations under this Contract, the Lessee shall lodge with the Lessor, at the time of signing the Contract, the following collateral security and guarantees:
15.1.1 The signature of ____________ and ____________ to a deed of personal guarantee which is on the last page of this Contract.
15.1.2 A promissory note in a sum of NIS 100,000 (one hundred thousand new shekels) with a personal guarantee of ____________ and ____________. The promissory note will be linked to the representative rate of the dollar, for payment on demand, without an indication on the face of the note of a due date for payment thereof and without the Lessor being obliged first to demand payment from the party for whom the guarantee is given.
15.1.3 A bank guarantee in an amount of NIS ____________.
15.2 Failure to deliver all the guarantees and the collateral security will be deemed to be a material breach of the Contract, and the Lessor will be entitled, without prejudice to its other rights, to cancel the Contract or to delay delivery of possession of the Leased Premises to the Lessee.
Collateral Security and Guarantees. 1. Security of Borrower and Subsidiaries; Guaranty of Subsidiaries.
Collateral Security and Guarantees. (a) The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets of the Borrower, whether now owned or hereafter acquired, including, without limitation, accounts receivable, inventory, real property, plant, equipment, intangibles and shares of stock of all of the subsidiaries of the Borrower pursuant to the terms of the Security Documents to which the Borrower is a party.
Collateral Security and Guarantees. (a) Section 9(a) of the Credit Agreement is hereby amended by inserting the following text immediately before the period occurring at the end of such Section: "or (iii) any of the Subsidiaries listed on Schedule 9(a) hereto".
(b) The Credit Agreement is hereby further amended by deleting Section 9(b)(ii) thereof in its entirety and substituting in lieu thereof the following new text: "
Collateral Security and Guarantees. The Credit Agreement is hereby amended by deleting Section 6 thereto in its entirety and substituting in lieu thereof the following new Section 6:
Collateral Security and Guarantees. 17 Section 7.
Collateral Security and Guarantees