Common use of COVENANT TO PROVIDE FURTHER SECURITY Clause in Contracts

COVENANT TO PROVIDE FURTHER SECURITY. (a) The Customer shall at any time if and when required by the Bank so to do execute or cause to execute in the Bank’s favour or as the Bank shall direct such legal or other mortgages, charges, assignments, transfers or agreements as the Bank shall require of and on all the Customer’s estate right, title and interest in any property or assets or business now belonging to or which may hereafter be acquired by or belong to the Customer (including any vendor’s lien) and the benefit of all licences held in connection therewith to secure the Indebtedness and all moneys and liabilities agreed to be paid or intended to be secured, such mortgages, charges, assignments, transfers or agreements to be prepared by or on the Bank’s behalf at the Customer’s cost and to contain all such terms and conditions for the Bank’s benefits as the Bank may reasonably require.

Appears in 2 contracts

Samples: Master Facility Agreement (Empro Group Inc.), Master Facility Agreement (WF Holding LTD)

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COVENANT TO PROVIDE FURTHER SECURITY. (a) The Customer shall at any time if and when required by the Bank so to do execute or cause procure the execution in favour of the Bank or to execute in the Bank’s favour or any other person as the Bank shall direct such legal or other mortgages, charges, assignments, transfers or agreements security as the Bank shall require of and on all of the Customer’s estate assets, right, title and interest in any property or assets asset or business now belonging to or which may hereafter be acquired by or belong to the Customer (including any vendorcontractor’s lien) and the benefit of all licences licenses held in connection therewith to secure the Indebtedness and indebtedness including but not limited to all moneys monies and liabilities hereby agreed to be paid or intended to be secured, such mortgages, charges, assignments, transfers or agreements security to be prepared by or on behalf of the Bank’s behalf Bank at the Customer’s cost of the Customer and to contain all such terms and conditions for the Bank’s benefits benefit of the Bank as the Bank may reasonably require.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Sale Agreement

COVENANT TO PROVIDE FURTHER SECURITY. (a) The Customer shall Customer(s) will at any time if and when required by the Bank so to do execute or cause to execute in favour of the Bank’s favour Bank or as the Bank shall direct such further legal or other mortgages, charges, assignmentsdebentures, transfers assignment, transfer, agreements or agreements other assurances as the Bank shall require of and on all the Customer’s estate rightCustomer(s)’ rights, title and interest interests in any property or assets asset or business now belonging to or which may hereafter be acquired by or belong belonging to the Customer Customer(s) (including any vendor’s 's lien) and the benefit of all licences held in connection therewith to secure the Indebtedness and all moneys monies and liabilities hereby agreed to be paid or intended to be securedpaid, such mortgages, charges, assignments, transfers transfers, agreements or agreements other assurances to be prepared by or on behalf of the Bank’s behalf Bank at the Customer’s cost of the Customer(s) and to contain all such terms and conditions for the Bank’s benefits benefit of the Bank as the Bank may reasonably require.require or stipulate;

Appears in 1 contract

Samples: Sale Agreement

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COVENANT TO PROVIDE FURTHER SECURITY. (a) The Customer Customer(s) shall at any time if and when required by the Bank so to do execute or cause procure the execution in favour of the Bank or to execute in the Bank’s favour or any other person as the Bank shall direct such legal or other mortgages, charges, assignments, transfers or agreements security as the Bank shall require of and on all of the Customer’s estate Customer(s)’ assets, right, title and interest in any property or assets asset or business now belonging to or which may hereafter be acquired by or belong to the Customer Customer(s) (including any vendorcontractor’s lien) and the benefit of all licences licenses held in connection therewith to secure the Indebtedness and indebtedness including but not limited to all moneys monies and liabilities hereby agreed to be paid or intended to be secured, such mortgages, charges, assignments, transfers or agreements security to be prepared by or on behalf of the Bank’s behalf Bank at the Customer’s cost of the Customer(s) and to contain all such terms and conditions for the Bank’s benefits benefit of the Bank as the Bank may reasonably require.

Appears in 1 contract

Samples: Agreement

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