Common use of PRINCIPAL AND SECONDARY INSTRUMENT Clause in Contracts

PRINCIPAL AND SECONDARY INSTRUMENT. The Letter of Offer, this Agreement and the Security Documents are instruments employed in one transaction to secure the Indebtedness. Ad valorem stamp duty had been paid from time to time on the original of this Agreement within the meaning of Section 4(3) of the Stamp Act, 1949. For the purpose of the said Section 4(3) of the Stamp Act, this Agreement shall be deemed to be the primary or principal instrument and the Letter of Offer and/or Security Documents are deemed to be the auxiliary or secondary instruments.

Appears in 4 contracts

Samples: Loan Agreement, Conventional Property Financing Facility Agreement, Conventional Property Financing Facility Agreement

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PRINCIPAL AND SECONDARY INSTRUMENT. The Letter of Offer, this Agreement and the Security Documents are instruments employed in one transaction to secure the Indebtedness. Ad valorem stamp duty had been paid from time to time on the original of this Agreement and/or any supplements thereto, and/or the Letter of Offer and/or the Security Documents within the meaning of Section 4(3) of the Stamp ActXxxxx Xxx, 19490000. For the purpose of the said Section 4(3) of the Stamp Act, this Agreement shall be deemed to be the primary or principal instrument and the Letter of Offer and/or Security Documents are deemed to be the auxiliary or secondary instruments.

Appears in 2 contracts

Samples: Facility Agreement, Facility Agreement

PRINCIPAL AND SECONDARY INSTRUMENT. The Letter of Offer, this Agreement and the Security Documents are instruments employed in one transaction to secure the Indebtedness. Ad valorem stamp duty had been paid from time to time on the original of this Agreement within the meaning of Section 4(3) of the Stamp ActXxxxx Xxx, 19490000. For the purpose of the said Section 4(3) of the Stamp Act, this Agreement shall be deemed to be the primary or principal instrument and the Letter of Offer and/or Security Documents are deemed to be the auxiliary or secondary instruments.

Appears in 2 contracts

Samples: Housing Loan Agreement, Housing Loan Agreement

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PRINCIPAL AND SECONDARY INSTRUMENT. The Letter of Of Offer, this Agreement and the Security Documents are instruments employed in one transaction to secure the Indebtedness. Ad valorem stamp duty had has been paid from time to time on the original of this Agreement and/or any supplements thereto, and/or the Letter Of Offer and/or the Security Documents within the meaning of Section 4(3) of the Stamp Act, 1949. For 1949.For the purpose of the said Section 4(3) of the Stamp Act, this Agreement shall be deemed to be the primary or principal instrument and the Letter of Of Offer and/or Security Documents are deemed to be the auxiliary or secondary instruments.

Appears in 1 contract

Samples: Housing Loan Agreement

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