Common use of Power to Borrow Clause in Contracts

Power to Borrow. The Trustee shall have the power to extend or review any existing obligation or obligations as well as to borrow money for any purpose deemed advisable, and to secure the same by the transfer as security therefor any property of the trust or any form of security instrument that is required.

Power to Borrow. The Trustee shall have the power to extend or review any existing obligation or obligations as well as to borrow money for any purpose deemed advisable, and to secure the same by the transfer as security therefor therefore any property of the trust Trust or any form of security instrument that is required.