Power to Borrow to the extent permitted by Applicable Legislation, the Trustees may borrow on behalf of the Trust or a Separate Account in order to fund the payment of Benefits or in connection with an investment permitted under an applicable investment policy and the Trustees may mortgage, pledge or charge the income and/or capital of the Fund or a Separate Account to secure the payment of any money so borrowed. The Trustees may execute and deliver under seal or otherwise such instruments evidencing the indebtedness and the security so given which they consider necessary or desirable;
Power to Borrow. (1) The Marketing Board may, with previous sanction of the State Marketing Officer, raise money required for carrying out the purpose for which it is established, on the security of any property vested in it and of any fees leviable and recoverable by it under this Act.
(2) The Marketing Board may, for the purpose of meeting the expenditure on lands, buildings and equipment required for establishing the market, obtain a loan from the Government on such terms and conditions as the Government may determine.
Power to Borrow. Subject to the terms of the Trust Deed, the Trustee may borrow funds in the event that there is a shortfall or prospective shortfall of funds being available to it by way of Funding Payments.
Power to Borrow. The Trustee shall have the power to extend or review any existing obligation or obligations as well as to borrow money for any purpose deemed advisable, and to secure the same by the transfer as security therefor any property of the trust or any form of security instrument that is required.
Power to Borrow. To make or endorse promissory notes, or to renew the same from time to time, without personal liability on the part of Second Party;
Power to Borrow. The Stabilising Manager may advance its own funds, or borrow for the account of the Managers, for the purposes of stabilisation and overallotment pursuant to paragraph (a) above, and may (subject to the limitation contained in the final paragraph of Clause 6(b)) charge or, as the case may be, pay interest at then current rates, such interest to be taken into account as an expense of such action before calculating the profit and loss on such stabilisation or over‑allotment.
Power to Borrow. When instructed by the Plan Administrator, the Trustee is hereby authorized to borrow money for the purposes of the Trust upon such terms and conditions as the Plan Administrator may determine, and for any amount so borrowed to issue the promissory note of the Trustee and to secure the repayment thereof by pledge, mortgage or hypothecation of all or any part of the property of the Trust, and no person loaning money to the Trustee shall be bound to see to the application of the money loaned or to inquire into the validity of any such borrowing.
Power to Borrow. It has power to execute, deliver and perform its obligations under this Agreement and the Security Documents to which it is a party and, in the case of the Borrower, to borrow the Total Commitments and, in the case of the Guarantors, to guarantee the Loan; all necessary corporate action has been taken to authorise the execution, delivery and performance of the same and (subject to applicable maintenance of capital rules) no limitation on the powers of the Borrower to borrow or the Guarantors to give guarantees will be exceeded as a result of borrowings or guarantees under this Agreement.
Power to Borrow. The Trustee may borrow and raise money either without security or on the security of the Trust Fund or any part of it for any purpose (including the investment of the moneys so raised as part of the Trust Fund) and may mortgage charge or pledge the Trust Fund or any part of it as security for any moneys so raised and may decide whether any interest which may be payable as a result of the exercise of this power shall be paid out of the capital or income of the Trust Fund or such part of the Trust Fund and may guarantee the payment of money and the performance of obligations in respect of borrowings by any company fully or partly owned by the Trustee and in connection with such guarantees may enter into such indemnities and such mortgages charges or pledges of the Trust Fund or any part of the Trust Fund as the Trustee thinks fit
Power to Borrow. (1) The Minister of Finance may from time to time borrow on the security of and charged upon the public revenues of New Zealand such sums of money as are required to be paid by the Government of New Zealand under section 5 of this Act.
