Common use of All Advances to Constitute One Loan Clause in Contracts

All Advances to Constitute One Loan. All evidences of credit, loans and advances made by Lender to Borrower under this Agreement and any other documents or instruments executed in connection herewith shall constitute one loan, and all indebtedness and obligations of Borrower to Lender under this Agreement and all other such documents and instruments shall constitute one general obligation secured by Lender's security interest in all of the Collateral and by all other security interests, liens, claims and encumbrances heretofore, now, or at any time or times hereafter granted by Borrower to Lender. Borrower agrees that all of the rights of Lender set forth in this Agreement shall apply to any modification of or supplement to this Agreement and any other such documents and instruments.

Appears in 9 contracts

Samples: Loan and Security Agreement (Smart Choice Automotive Group Inc), Loan and Security Agreement (Thaxton Group Inc), Loan and Security Agreement (Stewart Finance Co)

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