Common use of COVENANT TO PROVIDE FURTHER SECURITY Clause in Contracts

COVENANT TO PROVIDE FURTHER SECURITY. The Customer shall at the request of the Bank charge to, or deposit with the Bank the Customer’s other assets, movable property and the issue document of title/strata title to any or all immovable properties vested in the Customer for any tenure. Such charge or deposit may be by way of further or additional security for the payment of the Indebtedness and all other moneys and may also or otherwise be for the purpose of securing any other moneys owing to the Bank and not secured hereby.

Appears in 1 contract

Samples: Property Sale Agreement

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COVENANT TO PROVIDE FURTHER SECURITY. (a) The Customer shall at the request of the Bank charge charges to, or deposit with the Bank the Customer’s other assets, movable property and the issue document such documents of title/strata title to any or all immovable properties vested in the Customer for any tenure. Such charge or deposit may be by way of further or additional security for the payment of to secure the Indebtedness and all other moneys and may also or otherwise be for and/or the purpose of securing any other moneys owing to the Bank and not secured herebyBank’s Selling Price.

Appears in 1 contract

Samples: Asset Purchase Agreement

COVENANT TO PROVIDE FURTHER SECURITY. The Customer shall at the request of the Bank charge to, or deposit with the Bank the Customer’s other assets, movable property and the issue document documents of title/strata title to any or all immovable properties vested in the Customer for any tenure. Such charge or deposit may be by way of further or additional security for the payment of the Indebtedness Selling Price and all other moneys and may also or otherwise be for the purpose of securing any other moneys owing to the Bank and not secured hereby.

Appears in 1 contract

Samples: Property Sale Agreement

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COVENANT TO PROVIDE FURTHER SECURITY. The Customer shall at the request of the Bank charge to, or deposit with the Bank the Customer’s other assets, movable property and the such issue document of title/strata title to of any or all immovable properties vested in the Customer for any tenure. Such charge or deposit may be by way of further or additional the security for the payment of the Indebtedness and all other moneys Selling Price and may also or otherwise be for the purpose of securing any other moneys owing to the Bank and not secured herebyhereby secured.

Appears in 1 contract

Samples: ambankgroup.com

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