Secured Borrowings definition

Secured Borrowings means Financial Indebtedness which is secured by any mortgage, charge, assignment by way of security, pledge or other security interest over any of the assets of a member of the Group, provided that Secured Borrowings shall not include Financial Indebtedness of any Excluded Subsidiary.
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Secured Borrowings means Borrowings on the security of any mortgage or charge or other security over any assets of a member of the Group; and
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Secured Borrowings means the aggregate of Borrowings by the Company or any Subsidiary on the security of any mortgage or charge or other encumbrance over assets of a member of the Group;
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Examples of Secured Borrowings in a sentence

  • As a condition precedent to making any Loan to any Borrower or continuing any Loan made to any Borrower hereunder, (a) the Lender may require, by written notice to the Borrower or (b) the Lender shall require in the event that the Borrower’s outstanding borrowings from all sources immediately after the Loan would exceed 10% of its total assets, or the Borrower has Outstanding Secured Borrowings, that the Borrower pledge stock or other securities as collateral for such Loan (“Pledge Demand”).

  • Parent shall, on or as soon as practicable after the Distribution Date, instruct the Agent to mail to each Record Holder (or otherwise transmit in accordance with the Agent’s regular practices) an account statement indicating the number of shares of SpinCo Common Stock that have been registered in book-entry form in the name of such Record Holder.

  • Borrowings, Current Portion of Long Term Debt, EBITDA, Net Interest Expense, Long Term Debt, Tangible Net Worth, Total Liabilities and Total Secured Borrowings shall be calculated and interpreted on an unconsolidated basis in accordance with the GAAP applicable to the Original Financial Statements of the Borrower and shall be expressed in Rupees.

  • NOTE 2: CONTROL OF SECURED BORROWINGS Your attention is drawn to an update in the regulation currently in clause 3.2 C (xv) of the Service Arrangement Part 1:- “comply, if applicable, with the provisions of Department of Finance Circular No. 3/2011 (Control of Secured Borrowings by General Government) and General Government Secured Borrowings Order 2011 (S.I. No. 40 of 2011);” The new regulation is Circular 1/2014 and S.I. No.120 of 2014.


More Definitions of Secured Borrowings

Secured Borrowings means Financial Indebtedness which is secured by any mortgage, lien, charge, pledge or other form of security interest (sûreté réelle) upon any of the assets of a member of the Group, provided that Secured Borrowings shall not include Financial Indebtedness of any Excluded Subsidiary; and
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Secured Borrowings means, at any time, Borrowings the discharge of which is secured by a Security Interest.
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Secured Borrowings means such part of the Borrowings that is borrowed on the security of any mortgage or charge over property assets of a member of the Group;
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Secured Borrowings means Financial Indebtedness which is secured by any mortgage, lien, charge, pledge or other form of security interest (sûreté réelle) upon any of the assets of a member of the
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