Examples of Collateral Security Agreements in a sentence
Each of them has relied solely on the representations and warranties given by AXA Bank Belgium as Pledgor under the Collateral Security Agreements and Seller under the Mortgage Loan Sale Agreement.
In order to mitigate that risk, the Issuer has obtained a tax ruling from the Belgian Ruling Commission on 24 January 2017 (n° 2016.768) confirming that Article 107, §2, 7°, a) of the RD is applicable to the interest payments made by individual debtors to the Issuer in his capacity as Secured Party under the Collateral Security Agreements after notification to the Debtors of the Pledge.
Each Loan will comply with the same Eligibility Criteria as those set out in respect of Eligible Collateral Assets (see "Facility Documents – Collateral Security Agreements – Eligible Collateral Assets").
Failure to maintain the status as mobilisation institution under Article 2, 5° c) of the Belgian Mobilisation Act may result in the Issuer not benefiting from Mortgages enforceable vis-à-vis third parties, which, in relation to the Loans purchased under the Purchase Documents or following enforcement of the Collateral Security under the Collateral Security Agreements, may affect the ability of the Issuer to make payments under the Notes.
If the lending criteria change in a manner that affects the creditworthiness of the Loans, that may lead to increased defaults by Debtors thereof and may affect the realisable value of the Loans or part thereof transferred to the Issuer under the Purchase Documents or upon enforcement of the Collateral Security under the Collateral Security Agreements, and the ability of the Issuer to make payments under the Notes.
Risks relating to the Facility Documents and the Purchase Documents No prior notification to Debtors under the Loans purchased by the Issuer or pledged to its benefit as Collateral Security – Risk of set-off and defence of non-performance The Mortgage Loan Sale Agreement and the Collateral Security Agreements provide that the relevant Loans and Loan Security will be sold or granted as collateral security (as applicable) without notification or information of the underlying Debtors.
Except for this Agreement and the other agreements contemplated hereby, Company is not a party to any agreement or instrument materially and adversely affecting its ability to cause the production and delivery of any of the Collateral described in the Collateral Security Agreements, and Company is not in default in the performance, observance or fulfillment of any material instrument or agreement to which it is a party.
DLR Software Engineering Guidelines: Version: 1.0.0. Zenodo, 2018.
Such Debtors will only be notified upon the occurrence of a Notification Event under the Mortgage Loan Sale Agreement (see "Material Contracts – Purchase Documents – Mortgage Loan Sale Agreement – Notification Events") and the Collateral Security Agreements (see "Material Contracts – Facility Documents – Collateral Security Agreements – Notification Events").
To mitigate any competing claims in respect of Loans secured by All Sums Mortgages, the Mortgage Loan Sale Agreement and the Collateral Security Agreements provide that any loans and debts existing at the time of the transfer/pledge of the Loans and which are secured by the same All Sums Mortgage are subordinated to the Loans in relation to all sums received out of the enforcement of the All Sums Mortgage and any Additional Security.