Other provisions relating to Security a. Security may be created, either by the Borrower or, with the permission of the Lender, by any Security Provider.
b. In the absence of specific Security Documents, letters or other written communication in this specific connection between the Lender and the persons creating the Security shall be considered to be and shall form part of this Agreement.
c. The Lender may require the Obligor to, at the time of delivery of Securities, execute such Security Documents as the Lender may prescribe.
d. The Lender may assent, at any time during the continuance of this Agreement, to the replacement/substitution of all or any portion of the Securities with new securities acceptable to the Lender.
e. This Agreement shall be enforceable against the Obligor notwithstanding that any negotiable instrument and/or security may be outstanding or available.
f. Nothing in this Agreement shall be construed as limiting, restricting, making void or otherwise negating any right of set off in favour of the Lender existing or arising in common law, by statute or otherwise howsoever.
g. The Obligor undertakes that he will not stop the transfer of the Securities to the name of the Lender or its nominee or third party to whom the Securities may have been sold by the Lender in enforcement of the pledge.
h. The Lender may in its sole discretion release and/or permit withdrawal of any of the Securities from any of the pledges and deliver the same to the Obligor on such terms and conditions as the Lender may think fit to impose.
i. The Obligors will from time to time on request of the Lender do all such acts and/or execute all documents as the Lender may consider necessary for perfecting the title of the Lender to any Security whereby charged/modified and pledged and/or securing to the Lender the full benefits of all rights, powers and remedies conferred on the Lender.
Other provisions relating to Security. AGENT (a) The Security Agent shall be entitled to carry out all dealings with the Lenders through the Agent, to give to the Agent any notice or other communication required to be given by the Security Agent to the Lenders and to rely on a certificate from the Agent as to the amount owed to any of the Finance Parties or by any Obligor.
Other provisions relating to Security. Security may be created, either by the Borrower(s) or with the permission of the Lender, by any other person offering security for the repayment of the Facility Balance.
Other provisions relating to Security. This Agreement shall be enforceable against the Borrower(s) and/or Security Provider / Xxxxxxx notwithstanding that any negotiable instrument and / or security may be outstanding or available.
Other provisions relating to Security. This Agreement shall be enforceable against the Borrower(s) and/or Security Provider / Xxxxxxx notwithstanding that any negotiable instrument and / or security may be outstanding or available. Nothing in this Agreement shall be construed as limiting, restricting, making void or otherwise negating any right of set off in favor of the Lender existing or arising in common law, by statute or otherwise howsoever. During the subsistence of this Agreement all voting rights in respect of the Securities pledged to the Lender shall be exercisable solely and exclusively by the Lender, as the Lender deems fit and subject to directions, if any, of the Reserve Bank of India, unless the Lender otherwise agrees. The Lender may in its sole discretion release, and/or permit withdrawal of any of the Securities from any of the pledges and deliver the same to the, Borrower(s) on such terms and conditions as the Lender may think fit.
