Common use of Power of Trustee to borrow Clause in Contracts

Power of Trustee to borrow. The Trustee may, upon the occurrence of an Event of Default, and the Security being enforceable, with the consent in writing of the Majority Debenture Holder(s) in a meeting convened in accordance with the provisions set out in the Third Schedule hereunder written, raise or borrow moneys on the security of the Secured Assets or any part thereof ranking pari passu with or subservient to these presents: