Agreement and Collateral Sample Clauses
The 'Agreement and Collateral' clause establishes the relationship between the main contract and any collateral provided to secure obligations under that contract. It typically outlines the types of collateral that may be required, such as cash, securities, or other assets, and specifies the conditions under which collateral must be delivered, maintained, or returned. This clause serves to protect the interests of the party receiving collateral by ensuring there are clear rules governing its use and management, thereby reducing credit risk and providing security for contractual obligations.
Agreement and Collateral. Without limiting the generality of the provisions of Section 9(a) hereof and except as otherwise limited by applicable law, the obligations of Guarantor under this Agreement, and the rights of Agent to enforce the same by proceedings, whether by action at law, suit in equity or otherwise, shall not be in any way affected by any of the following:
(i) any insolvency, bankruptcy, liquidation, reorganization, readjustment, composition, dissolution, receivership, conservatorship, winding up or other similar proceeding involving or affecting Borrower, Guarantor or any other Person or the Collateral or any part thereof, including any automatic stay granted pursuant to any provision of a bankruptcy or similar law;
(ii) any failure by Agent, any Lender or any other Person, whether or not without fault on its part, to perform or comply with any of the terms of the Loan Agreement, or any other Loan Documents or any document or instrument relating thereto;
(iii) the sale, transfer or conveyance of the Collateral or any interest therein to any Person, whether now or hereafter having or acquiring an interest in the Collateral or any interest therein and whether or not pursuant to any foreclosure, trustee sale or similar proceeding against Borrower or the Collateral or any part thereof;
(iv) the conveyance to Agent, any Lender, any Affiliate of Agent or any Lender or Agent’s or any Lender’s nominee of the Collateral or any interest therein by a deed in lieu of foreclosure;
(v) subject to Section 3 hereof, the release of Borrower, Guarantor or any other Person from the performance or observance of any of the agreements, covenants, terms or conditions contained in any of the Loan Documents by operation of law or otherwise;
(vi) the release in whole or in part of the Collateral;
(vii) any failure by Agent to record, register or file any Mortgage, any UCC financing statements or other security document or to otherwise perfect, protect, secure or insure any security interest or lien given as security for the Obligations;
(viii) any recovery from Guarantor or any other obligor of any of the Obligations, which recovery is obtained under this Agreement or any other guaranty or indemnity executed in connection with the Loan (provided that in no event shall Guarantor be liable hereunder for any Obligations which have already been satisfied by Borrower or another Person); or
(ix) any accuracy or inaccuracy of any representations or warranties made by Borrower, Guarantor or any othe...
Agreement and Collateral. Debtor hereby grants to Secured Party a security interest ("Security Interest") in the following property ("Collateral"), whether now owned or hereafter acquired: All Debtor's right, title and interest in and to 50 shares of I-Con Industries Series A Preferred Stock, together with all rights, powers and privileges thereunto appertaining, and all proceeds thereof.
Agreement and Collateral. For value received and acknowledged, Pledgor hereby grants to Secured Party a security interest (hereinafter "Security Interest") in the property wherever located including, without limitation, all Collateral located at (i) 20000 Horizon Way, Suite 120, Mt. Laurel, New Jersey 08054 and (ii) ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇ (▇▇▇) ▇▇▇ ▇ther loca▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇ ▇▇ed by Pledgor (collectively, the "Premises") (hereinafter collectively referred to as "Collateral"), to-wit:
(a) all fixtures, furniture, leasehold improvements, appliances, furnishings, materials, supplies, equipment, goods, machinery, general intangibles, money, accounts, inventory, rental and lease agreements, rental and/or lease accounts receivable, and all other personal property of any kind whatsoever (and the proceeds therefrom) now owned or hereafter acquired by Pledgor or its successors or assigns, wherever located or attached to, installed in, used in connection with or arising out of the Pledgor's business at the Premises (the "Business"); (b) all plans, specifications, and drawings relating to the Business; (c) all contracts, contract rights, permits, licenses, deposits, bonds, franchises, certificates, rights and privileges relating to the Business; (d) all general intangibles relating to the Business, including patents, patent rights, domain names, trademarks, trademark rights, trade names, trade name rights, service marks, copyrights, and any applications for any of the foregoing, maskworks, net lists, schematics, industrial models, inventions, technology, know-how, trade secrets, inventory, ideas, algorithms, processes, computer software programs or applications (in both source code and object code form), and tangible or intangible proprietary information or material; (e) all rentals, deposits and other sums as may become due Pledgor as lessor under any and all leases, rental contracts, written or verbal, with respect to the Business; (f) deposits for taxes, insurance, licenses, permits or otherwise, made under any instrument securing payment of indebtedness of Pledgor to Secured Party; (g) all claims and proceeds, including without limitation, all condemnation or insurance proceeds, arising out of or with respect to the Business or the lease of the Premises; (h) all replacements, betterments, substitutions and renewals of, and additions to, any of the Collateral; and (i) all proceeds of the Collateral.
(b) Pledgor agrees that the security interest granted...
Agreement and Collateral. These provisions of the Additional Terms apply to the Security Agreement and to each Grantor. Each Guarantor who grants a security interest in Collateral may be referred to as either Grantor or Guarantor. Each Borrower who grants a security interest in Collateral may be referred to as either Grantor or Borrower. The Security Agreement of Borrower may be included in the Note or in a separate Security Agreement.
Agreement and Collateral. For value received, Debtor hereby grants to ------------------------ Secured Party, a Security Interest ("Security Interest") in all of Debtor's right, title and interest and to the following described property ("Collateral"):
a. All present and hereafter existing or acquired accounts, money deposits, credits, securities, claims, demands, contract rights and general intangibles including, without limitation, the rights and interests of Debtor under the License Agreement.
b. All personal property located within or used in connection with the premises located at the address hereinafter designated for Debtor, including without limitation, automobiles , equipment, furnishings, inventory supplies, and mobile equipment of all kinds and replacements therefor. All other terms used herein which are defined in the Uniform Commercial Code of the state in which the Collateral is located shall have the meanings therein stated.