9. The Contracting Parties shall ensure that the person executing this Agreement on behalf of each Party has been fully authorized to do so and that all capital measures necessary to authorize the implementation of this Agreement have been taken by that Party, while agreeing that neither Party is required to inquire or verify: whether such measures have actually been taken. (5) It is therefore agreed that the borrower shall mortgage the shares of 123 LTD, the details of which are set out in Annex I and shall be considered as part of this Agreement the `guarantees`. 6. It is expressly agreed by and between the parties that, in the event of a downward revision of the market price of the shares of 123 LTD, the borrower/holder of pledges alone would mortgage those other shares of 123 LTD for the benefit of the lender, in order to ensure a margin between the amount of the loan and the interest and securities. 7. In the event that the borrower will not repay and/or does not repay the amount of the loan or the amount of interest on the due date, it is legal for the lender to sell or sell, at the expense and expense of the borrower, all or part of the equity shares of 123 LTD, either under a private agreement, or on the free market, and deduct the net proceeds to satisfy the amount of the loan or interest. 3. In addition, as security for the timely repayment of the interest loan, the secured creditor has agreed to mortgage, in favour of the lender, shares of equity paid in full to the creditor, which are listed in the name of the secured creditor in accordance with the Appendix to the Annex and treated as forming an integral part of the agreement in 123 Limited`s own funds. a company established in accordance with the provisions of the Companies Act 1956 and whose registered office is located in __ 4.
In the event that the lender sends the notification to the borrower in order to offset the margin on the securities (in this case ____%) and the borrower is unable to meet the margin within the period indicated in the communication and/or is unable to honour the margin, the borrower shall be deemed to be in arrears under the terms of this Agreement and, in this case, it is legal (but not mandatory), by the borrower, the repayment of the loan as well as the remaining interest and the borrower is required to repay the loan in full at the same time as the interest thereon without objections and / or demur. . . .