Common use of Collateral Security for Loans Clause in Contracts

Collateral Security for Loans. As a condition precedent to making any Loan to any Borrower or continuing any Loan made to any Borrower hereunder, (a) the Lender may require, by written notice to the Borrower or (b) the Lender shall require in the event that the Borrower's outstanding borrowings from all sources immediately after the Loan would exceed 10% of its total assets, or the Borrower has Outstanding Secured Borrowings, that the

Appears in 7 contracts

Samples: Interfund Loan Agreement (Aim Special Opportunities Funds), Interfund Loan Agreement (Short Term Investments Co /Tx/), Interfund Loan Agreement (Aim Investment Funds)

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Collateral Security for Loans. As a condition precedent to making any Loan to any Borrower or continuing any Loan made to any Borrower hereunder, (a) the Lender may require, by written notice to the Borrower or (b) the Lender shall require in the event that the Borrower's outstanding borrowings from all sources immediately after the Loan would exceed 10% of its total assets, or the Borrower has Outstanding Secured Borrowings, that thethe Borrower pledge stock or other securities as collateral for such Loan ("Pledge Demand"

Appears in 6 contracts

Samples: Interfund Loan Agreement (Aim Stock Funds), Interfund Loan Agreement (Aim Investment Funds), Interfund Loan Agreement (Aim Tax Exempt Funds)

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