To borrow Clause Samples
The "To borrow" clause defines the terms under which one party is permitted to obtain funds or assets from another party, typically within the context of a loan or credit agreement. This clause outlines the conditions, limits, and procedures for making borrowing requests, such as specifying the maximum amount that can be borrowed, the process for drawing down funds, and any requirements that must be met before borrowing. Its core practical function is to establish clear rules and expectations for borrowing, thereby reducing uncertainty and ensuring both parties understand their rights and obligations regarding the extension and use of credit.
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To borrow. Power for the Trustees at any time to borrow money on the security of the Trust Fund or any part thereof or on personal security for any purpose for which Trust money may be applied hereunder including the purpose of investment and on such terms as to the payment of interest (if any) and as to repayment as the Trustees shall in their absolute discretion think fit and no purchaser lender or other person paying or advancing money in respect of any sale loan or other transaction purported to be made by the Trustees under or for any of the purposes of this Trust shall be concerned to see that the money is wanted or that no more than is wanted is raised or otherwise as to the propriety of the transaction or the application of the money PROVIDED THAT the Trustees may not borrow from the Company or any Group Company on terms that are more beneficial to such company than would have applied if the loan had been between unconnected persons acting at arm's length.
To borrow. The Trustees shall have power at any time to borrow or raise money on the security of the Trust Fund or any part of it or on personal security only for any purpose for which moneys may be applied under this Deed including the purpose of investment only and to mortgage charge or pledge any part of the Trust Fund as security for any moneys so raised and on such terms as to the payment of interest (if any) and as to repayment as the Trustees shall in their absolute discretion think fit PROVIDED THAT where the Trustees propose to borrow moneys they shall have regard to the terms of any loan offered by the Company or any Subsidiary to enable the Trustees to acquire Shares in the Company but shall not be bound to accept any such loan.
To borrow. To borrow moneys on such terms and subject to such conditions and for such purposes as the Trustees think fit.
To borrow. To borrow money and, subject to the provisions of the Declaration, to give, as security therefor, a mortgage or other security interest in any or all real or personal property owned by the Corporation, or a pledge of monies to be received pursuant to the provisions of the Declaration or any Supplemental Declaration, and to assign and pledge its right to make Assessments and its rights to claim a lien therefor.
To borrow. To borrow money from any source, excluding an individual Trustee, with any such indebtedness being repayable solely from the trust estate or a part of it, and to pledge or encumber the trust estate, or a part of it, as security for such loans.
To borrow. To borrow monies on such terms and subject to such conditions as the Trustees think fit for the purposes contemplated by clauses 3.2 or 9.10.
To borrow. For any of the purposes authorised by this Schedule 5 to raise money by borrowing from the Lender or from any other person on the security of all or any of the Charged Property in respect of which he is appointed upon such terms (including if the Lender shall consent to terms under which such security ranks in priority to this debenture) as he shall think fit.