Secured Money definition
Examples of Secured Money in a sentence
The Guarantor agrees that if, for any reason, any Obligor does not pay when due any of the Secured Money, it will pay the relevant amount immediately upon demand.
The Guarantor guarantees to the Lender the due payment by the Borrower and each other Obligor of the Secured Money and the due performance by the Borrower and each other Obligor of the Secured Obligations.
Each Obligor named in the Specific Terms or an Additional Security Schedule as a “Security Provider” grants a Security Interest in favour of the Lender over the Secured Property as security for the payment of the Secured Money and for the performance of the Secured Obligations.
As the name suggests, a service is a key concept of an SOA, which is technically defined as a fine-grained function that can be encapsulated in reusable components.
The Grantor charges and grants a security interest in the Secured Property to the Secured Party to secure the performance by the Grantor of the Secured Obligations and the payment of the Secured Money.