Common use of The security asset Clause in Contracts

The security asset. 10.10.1 The existing security shall be used as a continuing security for the USSD LBF refinance loan. 10.10.2 PCUL shall reserve the right to amend the initial notice with the Registrar of Security Rights to capture the refinanced amount. 10.11.1 Refinance Criteria in respect of multiple pre-existing loans 10.11.2 Where the Borrower has more than one pre-existing LBF loan/facility, the Borrower can refinance any qualifying loan/facility.