Loan Agreement Collateral Clause

Autor: Brian 29-08-21 Views: 2361 Comments: 224 category: Advices

For each loan of securities, the Approved Borrower shall pledge as collateral the following items: cash in dollars ("Collateral") having an initial market value (as determined by BBH&Co. pursuant to the applicable SLA) at least equal to the market value of the loaned …, Any material provision of any Loan Document shall for any reason cease to be valid and binding on or enforceable against any Credit Party or any Subsidiary of any Credit Party party thereto or any Credit Party or any Subsidiary of any Credit Party shall so state in writing or bring an action to limit its obligations or liabilities thereunder; or any Collateral Document shall for any reason (other than …In the case of default due solely to BORROWER’S failure to make timely payment as called for in this loan agreement, BORROWER may cure the default by either: (i) making full payment of any principal and accrued interest (including interest on these amounts) whose payment to LENDER is overdue under the loan agreement and, also, the late-payment penalty described below; or (ii) release collateral to LENDER as described in paragraph B “Collateral…05/08/2015 · 6: Debt collection by third parties: Many lending banks, NBFCs and HFCs have a clause in their loan agreement that they hold the rights to entrust your details including post-dated cheques to any Collateral Sample Clauses - Law InsiderCollateral Loan Agreement - SECSeven Clauses in a Loan Agreement That You Should be Watchful Of - …LOAN AGREEMENT AND PROMISSORY NOTELoan agreements commonly are evidenced by the signing of a loan agreement, a promissory note, or both. A loan agreement is a contract between the lender and the bor-rower that sets forth the terms and conditions of the loan (including its repayment) and the rights and obligations of both parties. 1 …

Tags: