Common use of Execution of Security Documents Clause in Contracts

Execution of Security Documents. As security for the payment of the Indebtedness, the Customer will simultaneously with the execution of this Agreement or at such other time directed by the Bank:- 6.1.1 consent to the creation of the Security and execute all such Security Documents over such Security as stated in the Letter of Offer; and/or 6.1.2 procure consent from the Security Party to create such Security and cause the Security Party to execute all such Security Documents over such Security as stated in the Letter of Offer.

Execution of Security Documents. As security for the payment of the Indebtedness, the Customer will simultaneously with the execution of this Agreement or at such other time directed by the Bank:- 6.1.1 consent (a) consents to the creation of the Security and will execute all such Security Documents over such Security as stated in the Letter of Offer; and/or 6.1.2 procure (b) procures consent from the Security Party to create such Security and cause the Security Party to execute all such the Security Documents over such Security as stated in the Letter of Offer.