Common use of Additional Collateral Security Clause in Contracts

Additional Collateral Security. In addition to the collateral ------------------------------ described in Section 8.1 hereof, payment of the Obligations is also secured by (a) a first priority security interest in all personal property of the Company, whether now owned or hereafter acquired, to the extent provided in the Security Agreement executed and delivered by the Company to the Bank and (b) all right, title and interest of the Company in and to the Master Agreement and each transaction entered into thereunder including, without limitation, all amounts payable or deliverable thereunder and all proceeds of the foregoing in whatever form received, in each case whether now owned or hereafter acquired.

Appears in 2 contracts

Samples: Credit and Term Loan Agreement (Hi Tech Pharmacal Co Inc), Credit and Term Loan Agreement (Hi Tech Pharmacal Co Inc)

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Additional Collateral Security. In addition to the collateral ------------------------------ described in Section 8.1 hereof, payment of the Obligations is also secured by (a) a first priority security interest in all personal property of the CompanyCompany and the Guarantors, whether now owned or hereafter acquired, to the extent provided in the Security Agreement Agreements executed and delivered by the Company and the Guarantors to the Bank Bank, and (b) all right, title and interest of the Company in and to the Master Agreement and each transaction entered into thereunder including, without limitation, all amounts payable or deliverable thereunder and all proceeds of the foregoing in whatever form received, in each case whether now owned or hereafter acquiredacquired (collectively, the "Collateral").

Appears in 1 contract

Samples: Netsmart Technologies Inc

Additional Collateral Security. In addition to the collateral ------------------------------ described in Section 8.1 hereof, payment of the Obligations is also secured by (a) a first priority security interest in all personal property of the CompanyCompany and the Guarantors, whether now owned or hereafter acquired, to the extent provided in the Security Agreement Agreements executed and delivered by the Company and the Guarantors to the Bank Bank, and (b) all right, title and interest of the Company in and to the Master Agreement and each transaction entered into thereunder including, without limitation, all amounts payable or deliverable thereunder and all proceeds of the foregoing in whatever form received, in each case whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Netsmart Technologies Inc)

Additional Collateral Security. In addition to the collateral ------------------------------ described in Section 8.1 hereof, payment of the Obligations is also secured by (a) a first priority security interest in all personal property of the CompanyCompany and the Guarantor, whether now owned or hereafter acquired, to the extent provided in the Security Agreement Agreements executed and delivered by the Company and the Guarantor to the Bank and (b) all right, title and interest of the Company in and to the Master Agreement and each transaction entered into thereunder including, without limitation, all amounts payable or deliverable thereunder and all proceeds of the foregoing in whatever form received, in each case whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Hi Tech Pharmacal Co Inc

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Additional Collateral Security. In addition to the collateral ------------------------------ described in Section 8.1 9.1 hereof, payment of the Obligations is also secured by by, inter alia, (a) a first priority security interest in all personal property of the CompanyBorrower, whether now owned or hereafter acquired, to the extent provided in the Security Agreement executed and delivered by the Company Borrower to the Bank Bank, and (b) all right, title and interest of the Company Borrower in and to its cash and marketable securities accounts with the Master Agreement and each transaction entered into thereunder includingBank, without limitation, together with all amounts payable or deliverable thereunder property contained therein and all proceeds of the foregoing in whatever form received, in each case whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Cpi Aerostructures Inc)

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