Secured Property Clause Samples

Secured Property. (1) there is no Encumbrance over any of its Secured Property, other than a Permitted Encumbrance or any Encumbrance disclosed to the Agent in the ▇▇▇▇▇▇▇ Title Reports; and (2) no person holds an interest in its Secured Property other than under a Permitted Encumbrance or any interest disclosed to the Agent in the ▇▇▇▇▇▇▇ Title Reports;

Secured Property. This is secured credit. You give us a security interest in the personal property and a mortgage over the real property as set out in the Secured Property Schedule to secure payment to us of the money secured and also to secure your performance of your obligations.

Secured Property. The term "Secured Property" shall mean the Real Property and the Personalty, collectively.

Secured Property. Each Obligor must: (a) maintenance of the Secured Property: (1) maintain and protect its Secured Property (and in the case of the Project Obligors, the Project Assets); (2) keep its Secured Property (and in the case of the Project Obligors, the Project Assets) in a good state of repair and in good working order allowing for fair wear and tear; (3) remedy every material defect (if any) in its title to any part of Secured Property (and in the case of the Project Obligors, the Project Assets); (4) take or defend all legal proceedings to protect or recover any of its Secured Property (and in the case of the Project Obligors, the Project Assets) where failure to do so might reasonably be likely to have a Material Adverse Effect; (5) keep its Secured Property (and in the case of the Project Obligors, the Project Assets) valid and subsisting and free from liability to forfeiture, cancellation, avoidance or loss; and (6) take all commercially reasonable steps to identify, protect and perfect with the highest priority reasonably available any PPSA Security Interest in respect of which an Obligor is or is to become the PPSA Secured Party;

Secured Property. The Debtor represents and warrants to the Creditor that the Secured Property is genuine and in the exclusive possession and control of the Debtor.

Secured Property. The obligations of the Corporation hereunder and under the Notes shall be secured by a pledge of all assets and property of the Corporation and Subsidiaries subordinated in right of payment to the prior payment in full of all the Corporation’s indebtedness to Centurion Financial Trust (or, upon the Centurion Refinancing, Frontwell Capital Partners) pursuant to the Security Agreements (collectively, the “Secured Property”).

Secured Property. 4.1 All references to the words “Secured Portfolio” are deleted and are replaced with the words “Secured Property”. 4.2 The definitions of “Agreement”, “Authorised Person”, “Notice”, “Online Service”, “Secured Portfolio” and “Security Owner” are deleted in their entirety and are replaced with the following definitions: Term Meaning Agreement • Facility Agreement; • Nominee Agreement; • Sponsorship Agreement; • Guarantee; • Direct Debit Agreement; • Application Form (except to the extent it includes the Offer of Mortgage); and • any other document contemplated by and executed in connection with these documents and any document which the Lender agrees is a “transaction document” under the Agreement.

Secured Property. Article 6.2

Secured Property. Grantor, for good and valuable consideration, irrevocably grants, bargains, sells, pledges, assigns, warrants, transfers, and conveys a security interest to Trustee, its successors and assigns in trust, with the power of sale and right of entry, for the benefit of Beneficiary and its successors and assigns, all right, title, and interest of Grantor in and to the following property, rights, interests and estates, each to the extent now owned, or hereafter acquired, by such Grantor (collectively, “Secured Property”):