Common use of Additional Collateral Security Clause in Contracts

Additional Collateral Security. In addition to the collateral described in Paragraph 9(a) hereof, payment of the Obligations is also secured by a first priority security interest in all personal property of the Borrower and its Subsidiaries whether now owned or hereafter acquired, as provided in security agreements executed or to be executed and delivered by such parties to the Bank (collectively the "Security Agreements").

Appears in 1 contract

Samples: Security Agreement (Balchem Corp)

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Additional Collateral Security. In addition to the collateral described in Paragraph 9(a) Section 9.1 hereof, payment of the Obligations Obligation is also secured by a first priority security interest in (i) all personal property including trademarks and patents of the Borrower and its Subsidiaries whether now owned or hereafter acquired, and (ii) after the making of the Term Loan, all outstanding shares of stock of Pro-Bel, as provided provided, respectively, in security agreements executed or to be the Security Agreements and Pledge Agreement executed and delivered by such parties the Borrower to the Bank (collectively the "Security Agreements")Bank. SECTION 10.

Appears in 1 contract

Samples: Chyron Corp

Additional Collateral Security. In addition to the collateral described in Paragraph 9(a) Section 9.1 hereof, payment of the Obligations is also secured by a first priority security interest in (i) all personal property including trademarks and patents of the Borrower (other than application for trademarks and its Subsidiaries patents based on intent to use) whether now owned or hereafter acquired, and (ii) all outstanding shares of stock of Pro-Bel, as provided provided, respectively, in security agreements executed or to be the Security Agreements and Pledge Agreement executed and delivered by such parties the Borrower to the Bank (collectively the "Security Agreements")Bank. SECTION 10.

Appears in 1 contract

Samples: Execution Copy Loan Agreement   Loan Agreement (Chyron Corp)

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Additional Collateral Security. In addition to the collateral ------------------------------ described in Paragraph 9(a) Section 9.1 hereof, payment of the Obligations is also secured by a first priority security interest in all personal property of the Borrower and its Subsidiaries the Guarantors whether now owned or hereafter acquiredacquired subject only to those liens listed on Schedule II annexed hereto, as provided in security agreements a Security Agreement executed or to be executed and delivered by such parties the Borrower and the Guarantors to the Bank (collectively the "Security Agreements")Bank.

Appears in 1 contract

Samples: Revolving Credit Agreement (Asi Solutions Inc)

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