Cession Agreement Sample Clauses

Cession Agreement. 14.1. In terms of the Loan Agreement, the Lender (Cessionary) has lent the Capital Amount to the Borrower (Cedant) for the sole purpose of acquiring Subscription Shares (that is VCC shares) in terms of the Subscription Agreement signed by the same Tax Payer. The Lender required security for the Loan and the Borrower is willing to cede in securitatem debiti and pledge the ceded rights in terms of this Clause 14 of this agreement.

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