Security for Financing Clause Samples

The 'Security for Financing' clause establishes the lender's right to obtain collateral from the borrower as assurance for the repayment of a loan or credit facility. This typically involves the borrower pledging assets such as real estate, equipment, or receivables, which the lender can claim or sell if the borrower defaults on their obligations. By formalizing the lender's security interest, this clause reduces the lender's risk and increases the likelihood of loan recovery, thereby facilitating access to financing for the borrower.
POPULAR SAMPLE Copied 1 times
Security for Financing. Title to the property described in paragraph (f) of the clause at FAR 52.232-32, Performance-Based Payments, is the preferred security for receipt of performance-based payments.
View SourceView Similar (2)
Security for Financing. 25.1 Subject to Applicable Laws and other applicable provisions of this Agreement, the WDO shall be entitled to create Encumbrance over the Washery or the leasehold interest of the WDO in the Site in favor of the Lenders for the purposes of securing financing provided by the Lenders to the WDO for the Build/ Renovation of the Washery (including augmentation, if any) and creation of such Encumbrance shall not require prior approval of the Authority. This Encumbrance shall be subject to compliance with the conditions specified in this Clause 25.1, which conditions shall be reflected in the financing documents executed by the WDO with the Lenders: 25.1.1 the ownership of the land/Site shall always remain vested with the Authority and any creation of any Encumbrance over the assets of the WDO and on the leasehold rights of the WDO shall not affect the ownership of the Authority over such land/Site; 25.1.2 such Encumbrance shall not continue beyond the Contract Period; 25.1.3 in case of an event of default by the WDO under the financing documents executed with the Lenders, the Lenders shall be entitled to enforce the Encumbrance created in their favour in accordance with this Clause 25.1.3, Applicable Law and any other applicable provisions of the Transaction Agreements: (a) the Lender with the highest exposure (in case of multiple banking), shall be entitled to seek a substitution of the WDO by providing a written notice to the Authority (the “Substitution Notice”); (b) the Substitution Notice shall contain complete particulars of the proposed transferee (the “Selectee”), particulars of compliance of the Selectee with all the Eligibility Conditions specified in the RFP, particulars of the debt due and such data and information as would be necessary and relevant for the Authority to decide as to acceptability of the Selectee; (c) the Authority may require such other information as it may deem fit regarding suitability of the Selectee and the Lenders/Selectee shall promptly provide such information to the Authority; (d) the Substitution Notice must be accompanied by an unconditional undertaking of the Selectee to the effect that it shall upon acceptance by the Authority observe, comply with, perform and fulfil the residual terms, conditions and covenants of the Transaction Agreement as if the Selectee had been the WDO under the Transaction Agreement and to assume, discharge and pay the debt due on terms and conditions agreed to by the Selectee with the secured c...
View SourceView Similar (6)
Security for Financing a. Tenant acknowledges that this Agreement and its obligations hereunder may become a source of repayment for any of Landlord’s financing of the Premises. Tenant does not prohibit Landlord from pledging or assigning the rents payable by Tenant hereunder as security for such financing so long as the pledge or assignment does not exceed beyond the Term of this Agreement. Tenant will affirmatively acknowledge the rights of any lender or other party in connection with such financing to the extent permitted by law. b. Notwithstanding the foregoing, Landlord represents and acknowledges that the Building, this Agreement, or the rents payable hereunder shall not be pledged or used as security for any publicly issued bond debt, whether issued by a public, quasi-public, or private entity, without ▇▇▇▇▇▇’s written approval which may be withheld in at Tenant’s sole discretion.
View Source
Security for Financing. It is anticipated that the value of the Company's interests in Wynn Hong Kong, the interests of Wynn Hong Kong in ▇▇▇▇ Macau, and the interests of ▇▇▇▇ Macau in land and work in progress on the casino resort in the MSAR or any additional casino or casinos will provide sufficient security for any debt financing described in Section 5.8, but if additional security is required, such security, including, without limitation, Shares, shall be provided by the Shareholders, in proportion to their holdings of Shares. In the event that ▇▇▇▇ is required to provide security for financing of ▇▇▇▇ Macau pursuant to Section 4.3 of the ▇▇▇▇ Macau Shareholders' Agreement, the obligation of SHW to provide security under this Section 5.9 shall be correspondingly reduced by the amount of security so provided.
View Source
Security for Financing. (1) Title to the property described in paragraph (f) of the clause at FAR 52.232-32, Performance-Based Payments, is the preferred security for receipt of performance-based payments. (2) (i) If the Contractor's accounting system is not capable of identifying and tracking through the build cycle the property that is allocable and properly chargeable to this contract, the Contracting Officer may consider acceptance of one or a combination of the following alternative forms of security sufficient to constitute adequate security for the performance-based payments and so specify in the contract, consistent with FAR 32.202-4: (A) A paramount lien on assets. (B) An irrevocable letter of credit from a federally insured financial institution. (C) A bond from a surety, acceptable in accordance with FAR part 28. (D) A guarantee of repayment from a person or corporation of demonstrated liquid net worth, connected by significant ownership interest to the Contractor. (E) Title to identified Contractor assets of adequate worth.
View Source
Security for Financing. It is anticipated that the value of the Site together with work in progress on the Casino or any other activities of the Company will provide sufficient security for any debt financing described in Section 4.2, but if additional security is required, such security, including, without limitation, Shares, shall be provided by the Shareholders, in proportion to their holdings of Shares.
View Source
Security for Financing. 8.1 The debt investment hereunder is an investment secured. 8.2 The security agreement shall be entered into separately between the Project Manager or its branch on behalf of the Investor and the Applicants.
View Source

Related to Security for Financing

  • Subordination of Junior Financing The Obligations are “Senior Debt,” “Senior Indebtedness,” “Guarantor Senior Debt” or “Senior Secured Financing” (or any comparable term) under, and as defined in, any Junior Financing Documentation.

  • Seller Financing Seller agrees to provide financing to the Buyer under the following terms and conditions:

  • Other Financing Notwithstanding anything in this Agreement to the contrary, the Issuer and the Company may hereafter enter into agreements to provide for the financing or refinancing of costs of the Project or any portion thereof.

  • Subordination of Indebtedness Any indebtedness or other obligation of Borrower now or hereafter held by or owing to Guarantor is hereby subordinated in time and right of payment to all obligations of Borrower to Bank, except as such indebtedness or other obligation is expressly permitted to be paid under the Credit Agreement; and such indebtedness of Borrower to Guarantor is assigned to Bank as security for this Guaranty, and if Bank so requests shall be collected, enforced and received by Guarantor in trust for Bank and to be paid over to Bank on account of the Obligations of Borrower to Bank, but without reducing or affecting in any manner the liability of Guarantor under the other provisions of this Guaranty. Any notes now or hereafter evidencing such indebtedness of Borrower to Guarantor shall be marked with a legend that the same are subject to this Guaranty and shall be delivered to Bank.

  • Repayment of Debt Upon the terms and subject to the conditions set forth herein, substantially concurrent with the execution and delivery of this Agreement by the parties hereto, the Company agrees to sell, and the Creditors, severally and not jointly, agree to cancel the Debt, up to an aggregate of $11,666.85 as the payment for the Shares at a price of $0.448725 per share. Each Creditor’s Debt Cancellation Amount as set forth on the signature page hereto executed by such Creditor shall be settled for “Delivery Versus Payment” with the Company. The Company shall deliver the Shares to the Creditors as the repayment of Debt within 30 days of this Agreement.