7174615254 info@abdigital.com

Security Agreement For Loan

14. THE LOCATION OF THE SECURITY; INVOLVING COLLATERAL TRANSACTIONS. Unless the lender agrees, the borrower agrees and guarantees (i) that all collateral (or security records on accounts, chat paper and general intangible assets) is at the borrower`s address indicated in the application; (ii) with the exception of stocks sold or accounts recovered as part of the borrower`s normal operations, the borrower cannot sell, offer, sell, transfer or transfer the assets; (iii) no other party has any interest or claim against the security, except interest registered under the P.P.S.A. or whose interest has previously been transferred to lenders and to which Lender has given its written consent, which may be withheld at The sole discretion of Lender; (iv) the borrower mortgages, mortgages, debits or authorizes snacks of pledges, security interest, charges or charges other than the security interest provided by this agreement; v) the borrower cannot sell, offer or sell the security at less than fair value; (vi) the borrower defends the lender`s rights to and from the security against the claims and receivables of all other persons; and vii) all products from an unauthorized provision of collateral are held in trust for lenders, cannot be associated by other means and are delivered promptly to lenders; However, this requirement does not constitute the lender`s agreement for such a provision. The security interest thus granted is not extended or does not apply and Collateral does not include the last day of the term of a lease or agreement to that effect, but on that last day the borrower has the confidence to assign them to a person who receives this clause. Security agreements often contain agreements that include provisions for fund development, a repayment plan or insurance requirements. The borrower may also authorize the lender to keep the loan guarantees until repayment. Security agreements may also cover intangible assets such as patents or claims. 33. REMEDIES CUMULATIVE. Lender`s rights and remedies under this agreement are cumulative and complementary and do not replace statutory rights or remedies. Any single or partial exercise of a right or remedy as a result of a delay or violation of a clause, contract, condition or agreement containing it is not considered to be a waiver of another right or remedy or any other right or remedy to which the lender can legitimately claim the same default or infringement. , or may modify or affect this possibility.

and any waiver of the lender`s strict compliance, compliance or compliance with a clause, agreement, condition or agreement and any leniency granted by the lender is deemed to waive a subsequent default. 51. CERTIFICATION AND SIGNATURES. By signing below or authorizing the person who signs below to sign on his or her behalf, the borrower certifies that the borrower has received a copy of this agreement and that the borrower has read, understood and accepted its terms to be bound to its terms. Anyone who signs below certifies that each person, at the quality shown below, is signed by the name of the signatory and that the signatory is entitled to execute this agreement, and that all documents proving the commitment in the name or relationship indicated with respect to the use of the products covered in Section 4 are signed by the signature below. , the borrower is certified, recognizes and understands that the proceeds of the loan requested are used exclusively for the purchase or purchase of specific products or services, only for the following purposes: (i) working capital; (ii) insurance (but not self-insurance programs); (iii) services or equipment; (iv) goods, inventories or certain goods; (v) the improvement or construction of facilities (but not the purchase of home loans) for the financing of certain sales transactions; and (vi) public