If the mortgaged securities lose value, the lender may request additional funds. Asks the administrative officer to demand a first-rate and sophisticated security interest and, if applicable, the control of the security held by this grantor, subject to the Links authorized under Section 6.02 of the credit contract, unless this is considered an agreement for one of the administrative officer`s links in the credit documents of all Links which are otherwise authorized pursuant to Section 6.02 of the credit contract, to be subordinated. These funding statements may describe the security in the same way as those described here, or may contain an indication or description of security describing that property in another way, as the management officer may, at his sole discretion, consider it necessary, informed or prudent to ensure that security interest in the safeguards granted to the administrative officer is granted here. , including, without limitation, this quality of “all of the debtor`s assets, whether they are now in possession or acquired below and wherever they are, including all memberships and revenues.” Each grantor takes all necessary measures to defend the ownership of the security belonging to this grantor against all persons and to defend the interest of the administrative officer for the security of these guarantees and the priority of those guarantees against Lien, which are not expressly authorized in this document or as part of a loan document; provided that it is understood and agreed that no grantor is required to obtain bailee or leaseee waiver at the place where the inventory is stored. A mortgage allows the borrower to retain ownership of the valuable property. A mortgaged asset is a valuable asset transferred to a lender to insure a debt or credit. A mortgaged asset is a guarantee held by a lender in exchange for credit funds. Mortgaged assets can reduce the down payment normally required for a loan and reduce the interest rate. Mortgaged assets may include cash, stocks, bonds and other stocks or securities.
4.7. Controlled deposit accounts and controlled title accounts. Each Grantor, at the request of the administrative officer153s, will make an economically reasonable effort to bring any bank or other financial institution in which it has a controlled deposit account or controlled title account to enter into a control agreement with the administrative officer, in the form and substance that are reasonably satisfactory to the administrative officer in order to give the administrative officer control of the controlled deposit account or controlled securities account. The administrative officer agrees not to disclose exclusive control under an account control agreement or a Securities Account Control Agreement, unless a default has occurred and continues. If the administrative officer has obtained exclusive control of a controlled deposit or title account or other interest and there is no default, the administrative officer addresses the bank or financial institution in which such a controlled deposit or securities account, or other controlled deposit or investment account, is maintained, with a view to terminating the exclusive exercise and control of the administrative officer. Controlled account or securities account or other deposits or investments and (b) return to Grantor153s` access to such a control deposit account or control securities account or any other deposit or investment. For deposits and investments held with lenders, the terms of this letter are governed by the provisions of the clearing credit agreement. The provisions of this section 4.7 do not apply to deposit accounts that are not controlled deposit accounts and (b) to title accounts that are not controlled title accounts.