Mortgage and Charge Sample Clauses

Mortgage and Charge a. The Promoter may have an arrangement with certain Banks and Financial Institutions (hereinafter collectively referred to ”the said Banks”), under which the said Bank would grant a line of credit to the Promoter to facilitate development of projects undertaken and carried on by it, and as security for repayment of loans which may be advanced to the Promoter by the said Bank, the Promoter creates or causes to be created mortgages/charges on the lands and construction thereon in favour of the said Xxxxx, and the securities created in favour of the said Xxxxx are substituted from time to time. b. The title deeds relating to said Larger Property may have been deposited with the said Banks as security (along with other securities) for repayment of the loans already advanced and which may be advanced hereafter by the said Banks to the Promoter under the said line of credit arrangement. c. The Promoter specifically reserves the right to offer and to create charge on Project (except the said Unit) for obtaining development, construction and other finance from credit/financial institution, bank or other person/body that has already or may hereafter advance credit, finance or loans to the Promoter and Allottee(s) has/have given and granted his/her/ their/its specific and unqualified consent and permission to the Promoter for doing the same. The Allottee(s) whenever asked in support of by the Promoter in this regard, shall give and grant to the Promoter, his/her/their/its specific, full, free and unqualified consent and permission for doing the same, and strict compliance of this condition on the part of the Allottee(s) shall be of the essence of allotment of the said Unit. Failure on the part of the Allotee(s) to implement and comply with this essential condition will be treated as a breach of this Agreement, and the Promoter shall thereupon be entitled to cancel and terminate this Agreement.

Mortgage and Charge. 3.1 As security for the due payment of the Obligations and the due performance of all covenants herein:

Mortgage and Charge. As continuing security for the due payment of all Indebtedness and the performance by the Chargor of all of its covenants comprising the Secured Obligations, subject only to the reservation as to leaseholds contained in Section 9 and Permitted Encumbrances (as this term is defined in the Loan Agreement) to the extent that there are any: the Chargor hereby grants, mortgages and charges in favour of the Chargee, as and by way of a fixed and specific charge and a grant of a security interest, all of the Chargor’s undertaking, property (including all present and after acquired personal property of the Chargor) and assets, both present and future, now owned or hereafter acquired by it, of whatsoever nature and kind and wheresoever situate, now or any time hereafter located at, placed, installed upon, used primarily in connection with, derived from or arising out of the Lands, including in and to the following:

Mortgage and Charge