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 Trust), Interfund Loan Agreement (Aim Tax Exempt Funds)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.