Security for Loan definition

Security for Loan is amended by changing the title of the real estate security instrument from "Mortgage, Assignment of Leases and Rents and Security Agreement" to "Deed to Secure Debt, Assignment of Leases and Rents and Security Agreement" and the defined term "Mortgage" shall be deemed to refer to such instrument. In addition, any reference herein to "Mortgaged Property" shall be deemed to be a reference to "Trust Property".
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Security for Loan. As security for the payment of the loan note, the Participant grants the lesser of a 50% security interest in the Participant’s account balance, or the loan outstanding principal balance(s), as collateral for the loan. The signed Application will serve as the promissory note, and is incorporated by reference into this Loan Policy and Procedures.
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Security for Loan. Liabilities" Defined. As security for repayment of the Loan, and for any and all other indebtedness and liabilities (collectively, the "Liabilities") of the Borrower to Lender, Lender shall have. in addition to all other collateral now or hereafter granted to Lender, title to and a security interest in, the Collateral described below. "Liabilities" shall include, but shall not be limited to, all liabilities and obligations of the Borrower to Lender, however arising, whether now in existence or incurred by the Borrower from time to time hereafter, and whether such indebtedness is absolute or contingent, joint or several, matured or unmatured, direct or indirect, and whether the Borrower is liable to Lender for such indebtedness as principal, surety, endorser, Guarantor, or otherwise. "Liabilities" also shall mean and include obligations to perform acts and refrain from taking action, as well as obligations to pay money. As security for the payment and performance of the Loan and all other Liabilities of Borrower to Lender, Lender shall receive, and with respect to property now owned or hereafter acquired by Borrower, Borrower hereby grants to Lender title to and a continuing security interest in the following collateral (collectively, the "Collateral"):
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Examples of Security for Loan in a sentence

  • By signing this Agreement the Borrower creates, pursuant to Section 3 (Security for Loan), security over the property described below.

  • Equal Security for Loan and Note; No Further Negative Pledges.....

  • Section 6 of this Note captioned "Security for Loan" is amended by changing the title of the real estate security instrument from "Mortgage, Assignment of Leases and Rents and Security Agreement" to "Deed to Secure Debt, Assignment of Leases and Rents and Security Agreement" and the defined term "Mortgage" shall be deemed to refer to such instrument.

  • Land means the relevant land set out in Section 3 (Security for Loan), together with all improvements thereon, being the land subject to a mortgage in favour of the Lender or to an equitable mortgage or agreement to mortgage, both as provided for under this Agreement.

  • Security for Loan 9 3.1 Grant of Security Interest 9 3.2 Collection of Accounts 9 3.3 Representations and Warranties Concerning Collateral 11 3.4 Covenants Concerning Collateral 12 4.

  • Collateral Security for Loan CHI shall give AIC a first priority security interest in and to all its assets including all IP with standard rights afforded secured party under Uniform Commercial Code of State of Nevada.

  • The Borrower and the Guarantor, in executing this Agreement, acknowledge that they have received a copy of this Agreement and a copy of the Mortgage of Land referred to in Section 3 (Security for Loan) (if applicable).