Common use of COVENANTS FOR SECURITY Clause in Contracts

COVENANTS FOR SECURITY. a) The Borrower covenants that the Dues being repayment of the Overdraft Facility and payment of interest, additional/default interest, fees, costs, other charges and expenses and all other amounts payable to the Bank under this Agreement shall be secured or cause to be secured by such security as the Bank stipulate from time to time.

COVENANTS FOR SECURITY. 3.1 a) The Borrower and/or the Co-Borrower/s and/or the Guarantor/s covenants that the Dues being repayment of the Overdraft Facility and payment of interest, additional/default interest, fees, costs, other charges and expenses and all other amounts payable to the Bank under this Agreement shall be secured or cause to be secured by such security as the Bank stipulate from time to time.