Common use of Security Clause in Contracts

Security. Should the Borrower grant to a third party any security for the performance of any External Debt Instrument or any preference or priority in respect thereof, the Borrower shall, if so required by the Bank, provide to the Bank equivalent security for the performance of its obligations under this Contract or grant to the Bank equivalent preference or priority.

Appears in 5 contracts

Samples: www.parlament.rs, www.parlament.gov.rs, www.parlament.gov.rs