Common use of Security Support Clause in Contracts

Security Support. First rank legal mortgage on commercial property with UPI: 1/02/11/04/2151 located at Ndera Sector, Gasabo District in the name of Africa Lubricant Manufacturing Company Ltd (ALMC) (mortgage perfection to be amended). Fire and open peril insurance over the pledged property noting Guaranty Trust Bank (Rwanda) plc as the first loss payee. Promissory note for the total facility amount plus accrued interest.

Appears in 2 contracts

Sources: Term Loan Agreement, Time Loan Agreement