SECURITY INTEREST AND CHARGE. (a) The Grantor hereby charges and grants a security interest in the Secured Property to the Secured Party: (i) for payment of the Secured Money; and (ii) to secure performance of the obligations imposed on the Grantor under the Transaction Documents. (b) The Grantor grants this charge and security interest as legal and beneficial owner except for any Secured Property which the Grantor owns as trustee of a trust, in which case the Grantor does this as sole trustee of the relevant trust.
Appears in 3 contracts
Sources: General Security Agreement (G Medical Innovations Holdings Ltd.), General Security Agreement (G Medical Innovations Holdings Ltd.), General Security Agreement (G Medical Innovations Holdings Ltd.)