Secured Monies definition
Examples of Secured Monies in a sentence
The Borrower grants to the Creditor a security interest in the Collateral as security for payment of the Secured Monies (including the Amount Financed) and the performance of all covenants, conditions or agreements contained in this Agreement.
In such case, the obligations of the Customer in relation to the Secured Monies shall be deemed paid and extinguished to the extent settled.
If this occurs and there are insufficient sale proceeds to meet all Secured Monies, you will remain liable to the Creditor for any shortfall.
Once the Secured Monies in relation to an Investor Trust have been paid in full, the Grantor has satisfied its obligations under the Investor Security Deed and the relevant Investor satisfied its obligations under the Transaction Documents in relation to that Investor Trust, the Secured Party must discharge the Investor Security Deed in respect of that Investor Trust upon request of the Grantor.
The Bank may assign any of its rights hereunder to a person in whose favour it has made an assignment of all or any of the Banking Facilities and/or the Secured Monies.