Securing the Bank Claims. The Customer shall, in order to secure the full and proper fulfillment of claims of the Bank (or their portion) outlined in the Agreement, also with the purpose of providing full and due security of all other expenses related to court (including arbitration) enforcement, sale of the collateral, or expenses deriving from secured claims: 4.3.1. If profit gained from the foreclosure of the collateral (the collateral transferred into the ownership of the Bank or the amount gained from selling of the collateral) does not fully cover secured claims, the Bank shall be authorized, in order to fully meet such claims, to foreclose any of the property of the Customer (including property which is not the collateral); 4.3.2. If on the basis of application of the Customer and/or owner of the collateral the Bank rejects collateral in writing, the Parties agree that such rejection of the collateral shall be deemed as agreed between the Parties and the claims of the Bank against the Customer shall remain in force in full volume.
Appears in 12 contracts
Samples: Overdraft Agreement, Overdraft Agreement, Credit Agreement
Securing the Bank Claims. The Customer shall, in order to secure the full and proper fulfillment of claims of the Bank (or their portion) outlined in the Agreement, also with the purpose of providing full and due security of all other expenses related to court (including arbitration) enforcement, sale of the collateral, or expenses deriving from secured claims:
4.3.1. If profit gained from the foreclosure of the collateral (the collateral transferred into the ownership of the Bank or the amount gained from selling of the collateral) does not fully cover secured claims, the Bank shall be authorized, in order to fully meet such claims, to foreclose any of the property of the Customer (including property which is not the collateral);
4.3.2. If on If, upon the basis of application request of the Customer and/or owner the provider of the collateral security, the Bank rejects waives the collateral in writing, the Parties agree that such rejection of the collateral waiver shall be deemed as agreed between the Parties and the Bank’s claims of the Bank against to the Customer shall remain in full force in full volumeand effect;
4.3.3. Immediately inform the Bank about the change of the owner of the collateral.
Appears in 11 contracts
Samples: Credit Agreement, Credit Line Agreement, Credit Line Agreement
Securing the Bank Claims. The Customer shall, in order to secure the full and proper fulfillment of claims of the Bank (or their portion) outlined in the Agreement, also with the purpose of providing full and due security of all other expenses related to court (including arbitration) enforcement, sale of the collateral, or expenses deriving from secured claims:
4.3.1. If profit gained from the foreclosure of the collateral (the collateral transferred into the ownership of the Bank or the amount gained from selling of the collateral) does not fully cover secured claims, the Bank shall be authorized, in order to fully meet such claims, to foreclose any of the property of the Customer (including property which is not the collateral);
4.3.2. If on the basis of application of the Customer and/or owner of the collateral the Bank rejects collateral in writing, the Parties agree that such rejection of the collateral shall be deemed as agreed between the Parties and the claims of the Bank against the Customer shall remain in force in full volume;
4.3.3. Immediately inform the Bank about the change of the owner of the collateral.
Appears in 2 contracts
Samples: Credit Agreement, Credit Agreement
