Special collateral
A decision was made to pledge to Nordea Bank Abp and Nordea Mortgage Bank Plc a sufficient number of mortgage deeds concerning the property the company owns/rents as special collateral for the loan to be taken, to apply for new mortgage deeds, if necessary, and to accept the terms of pledge. The board and/or the property manager were/was authorised to agree on the terms and conditions concerning collateral, to sign the pledge documents and the mortgage application as well as the relevant order.
General collateral
A decision was made to pledge to Nordea Bank Abp and Nordea Mortgage Bank Plc a sufficient number of mortgage deeds concerning the property the company owns/rents as general collateral for all present and future commitments and other obligations of the company, to apply for new mortgage deeds, if necessary, and to accept the terms of pledge.
Both require a decision of the general meeting.