Well secured definition
Well secured means the loan is collateralized by: (1) A perfected security interest in, or pledges of, real or personal property, including securities with an estimable value, less cost to sell, sufficient to recover the recorded investment in the loan, as well as a reasonable return on that amount, or (2) by the guarantee of a financially responsible party.
Well secured. ’ means the loan is collateralized by: (1) A perfected security in- terest in, or pledges of, real or personal prop- erty, including securities with an estimable value, less cost to sell, sufficient to recover the recorded investment in the loan, as well as a reasonable return on that amount, or (2)
Well secured. – means that a loan or advance is secured by:
Examples of Well secured in a sentence
The Corporation and the Subsidiaries will take all actions necessary to immediately suspend operations on the Sub-Thrust Test Well so that operations with respect thereto will be fully suspended and the Sub-Thrust Test Well secured on or before November 10, 2002.
More Definitions of Well secured
Well secured means a credit facility that has sufficient collateral to protect the institution from loss of principal and interest through its timely disposition under a forced liquidation program and such collateral consists of—
Well secured means a debt that is secured by:
Well secured means the loan is collateralized by:
Well secured. ’ means the loan is
Well secured means that a loan or advance is secured by cash collateral or cash- substitutes sufficient to repay the full debt (principal plus accrued interest); for purposes of these directives, sufficiency shall include proper legal documentation evidencing the bank’s claim on the collateral.
Well secured. – means that a loan is secured by:
Well secured means that a credit facility has sufficient collateral to protect the financial institution from loss of principal and interest through its timely disposition under a forced liquidation program and the security may consist of—