Compliance with the Security Documents Clause Samples
The "Compliance with the Security Documents" clause requires parties, typically borrowers, to adhere strictly to the terms and obligations set out in all security documents associated with an agreement. This means the borrower must maintain, perform, and not breach any covenants or requirements in documents such as mortgages, charges, or pledges that secure the lender’s interest. For example, the borrower may need to keep certain assets insured or refrain from disposing of secured property without consent. The core function of this clause is to ensure that the lender’s security interests are protected and that the borrower’s compliance with these documents reduces the lender’s risk of loss.
Compliance with the Security Documents. It will comply, perform and observe and will cause to be complied, performed and observed all the terms, covenants, conditions, provisions and obligations on its part as contained in the Security Documents and ensure that the Customer will immediately notify the Bank in the event that the Customer is unable to comply, perform or observe any of the provisions of the Security Documents;
Compliance with the Security Documents. Each of the parties hereto agrees that the obligations, rights and benefits vested or to be vested in the Security Trustee as trustee as aforesaid by the Security Documents or any document entered into pursuant thereto shall (before as well as after enforcement) be performed and (as the case may be) exercised by the Security Trustee in accordance with the provisions of the relevant Security Documents and of this Agreement.
Compliance with the Security Documents each of the Borrower and the Guarantors shall comply with all terms and conditions included in the Security Documents to which it is a party;
Compliance with the Security Documents. The Issuer hereby further undertakes to comply with the provisions of the Security Documents in relation to all filings and registrations with any necessary court or other authority as may be necessary for the purpose of the creation, perfection, protection or maintenance of the Security Interests granted pursuant to the Security Documents.