Hypothecation. In consideration of the premises, the Borrower hereby charges/ hypothecates and creates an exclusive first ranking charge in favour of USFB, on the property/ asset more fully specified in the Schedule B hereunder (hereinafter referred as the "Hypothecated Security") with an intention to secure Facility granted/ to be granted by USFB to the Borrower and the interest thereon and charges.
Appears in 3 contracts
Sources: Facility Agreement, Facility Agreement, Facility Agreement