LOAN COLLATERAL SECURITY Clause Samples
The Loan Collateral Security clause establishes that specific assets or property are pledged by the borrower to secure the repayment of a loan. In practice, this means that if the borrower defaults on their obligations, the lender has the right to seize and sell the designated collateral, such as real estate, equipment, or inventory, to recover the outstanding debt. This clause is essential for protecting the lender’s interests by reducing the risk of loss and providing a clear mechanism for recourse in the event of non-payment.
LOAN COLLATERAL SECURITY. 12 SECTION 7.1. Grant of Security Interest.................................... 12 SECTION 7.2. Certificates of Title......................................... 14
LOAN COLLATERAL SECURITY. 12 SECTION 7.1. Grant of Security Interest....................... 12 SECTION 7.2. Certificates of Title............................ 15 SECTION 7.3. Release of AESOP I Operating Lease Loan Collateral............................. 15 SECTION 7.4. Change of Location or Name....................... 16 SECTION 7.5. Deliveries; Further Assurances................... 17 SECTION 7.6. [RESERVED]....................................... 17 SECTION 7.7. [RESERVED]....................................... 18 SECTION 7.8. AESOP I Segregated Account....................... 18
LOAN COLLATERAL SECURITY. 6 SECTION 7.1. Grant of Security Interest.........................................6 SECTION 7.2. Certificates of Title..............................................6 SECTION 7.3. Release of Loan Collateral.........................................6 SECTION 7.4. Change of Location or Name.........................................7 SECTION 7.5. Deliveries; Further Assurances.....................................7
LOAN COLLATERAL SECURITY