Examples of Mortgaged Securities in a sentence
All transfers of Notes and entries on the Register will be made subject to the detailed regulations concerning transfer of Notes scheduled to the Fiscal Agency Agreement.
The Agent shall not under any circumstance be liable for such calls or other payments whether or not the Agent or its nominee is a registered holder of any or all of such Mortgaged Securities.
In consideration of entering into the Transaction Agreements, the Mortgagor, as legal and beneficial owner, hereby mortgages to the Mortgagee as a continuing security for the payment and performance of the Secured Obligations by way of a first equitable mortgage, all of the Mortgagor’s rights, title and interest in and to the Mortgaged Securities.
However the Bank faced hurdles in disposing off the Mortgaged Securities under the Bank’s possession due to the subdued real estate market and delays in the legal matters in process.In view of the above, our Bank witnessed an improvement in the overall quality of the Credit Portfolio with Gross and Net NPAs improving from 4.99% and 1.65% in 2018-19 to 4.62% and 0.87% in 2019-20.
The rights and remedies herein provided are cumulative and not exclusive of any other rights or remedies provided by law and, for the avoidance of doubt, the Security Agent shall not be obliged to sell the Mortgaged Securities in the event that this Mortgage shall become enforceable but shall be entitled to enforce the same in such manner as it sees fit (in accordance with applicable laws).
For the avoidance of doubt, nothing in this Clause 6.2 shall require the Company to transfer or register the Mortgaged Securities in the name of the Board or its nominees or to convert the security constituted by this Agreement into a legal mortgage prior to the occurrence of an Event of Default which is continuing.
The powers conferred by this Agreement in relation to the Mortgaged Securities or any part thereof on the Board shall be in addition to and not in substitution for the powers conferred on mortgagees under law, which shall apply to the security created by this Agreement except insofar as they are expressly excluded.
During fiscal year 1999, investments were limited to STAR Ohio and Saxton Mortgaged Securities.
Facility : Term Loan Facility of RM91,000,000.00 Agent forthwith upon receipt copies of all notices, reports, accounts and circulars issued to the registered holders of the Mortgaged Securities (unless the Agent or its nominee is the registered holder).
In addition, the Company mortgaged 7,512,535 Series F Preferred Stock of SoFi (the “Mortgaged Securities”) in favor of the trust company, and covenanted, among other things, not to dispose of the Mortgaged Securities without the prior written consent of the trust company.