Assets Pledged as Collateral. The Guarantor agrees that the Assets Pledged as Collateral may be used by LBS to guarantee the Client’s Obligations toward LBS resulting from the Guaranteed Account and to pay any Indebtedness according to this Agreement. For this purpose, the Guarantor places a movable hypothec to the benefit of LBS on the Assets Pledged as Collateral.
Appears in 2 contracts
Sources: Guarantee Agreement, Guarantee Agreement