Common use of SECONDARY INSTRUMENT Clause in Contracts

SECONDARY INSTRUMENT. IT IS HEREBY AGREED AND DECLARED THAT this Charge is among the instruments employed in one transaction to secure the Facility within the meaning of Section 4(3) of the Stamp Act, 1949 (Consolidated and Revised, 1989) and for the purpose of the said Section, this Charge is deemed to be the secondary instrument.

Appears in 2 contracts

Samples: Charge Agreement, Charge Agreement

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SECONDARY INSTRUMENT. IT IS HEREBY AGREED AND DECLARED THAT this Charge is among the instruments employed in one transaction to secure the Facility within the meaning of Section 4(3) of the Stamp Act, 1949 (Consolidated and Revised, 1989) and for the purpose of the said Section, this t his Charge is deemed to be the secondary instrument.

Appears in 2 contracts

Samples: Charge Agreement, Charge Agreement

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