Common use of COVENANT TO PROVIDE FURTHER SECURITY Clause in Contracts

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

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

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